These production processes also use various raw materials such as
sodium hypochlorite, ammonia, hydrogen peroxide, and acetone along
with catalysts to form hydrazine hydrate. The study report states
that the global hydrazine hydrate market stood at US$350.0 million in
2013 and is further expected to reach US536.3 million by 2022. Owing
to its use in a number of industrial applications, the global market
for hydrazine hydrate is expected to expand at a CAGR of 4.9% from
2014 to 2022.
The report covers the impact of the various market drivers and
restraints acting on the hydrazine hydrate market during the forecast
period and highlights the growth opportunities in the hydrazine
hydrate market globally and regionally. It also provides a decisive
view of the global hydrazine hydrate market by segmenting it in terms
of end user segments. The segmentation in the report has been
analyzed based on present and future trends. By end use, the report
enlists water treatment, agrochemicals, pharmaceuticals,
polymerization and blowing agents, and others (including metal
purification, etc) as some of the major end-use segments of the
hydrazine hydrate market.
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As hydrazine hydrate is one of the main blowing agents used in the
polymer industry, a strong outlook for polymer foams in the polymer
industry is expected to drive the hydrazine hydrate market with
significant growth. Polymerization and blowing agents was the largest
end-use segment, with a market share of more than 35% in 2013. This
segment is expected to be the fastest growing segment of the
hydrazine hydrate market until 2022.
Besides its usage in the polymer industry, hydrazine hydrate is also
used in many other industries such as water treatment and
agrochemicals. The global agrochemical industry revenue is expected
to grow at a rapid pace between 2013 and 2022. Rise in the production
of intermediates used in insecticides and fungicides is anticipated
to boost the demand for hydrazine hydrate from the agrochemical
industry in the near future.
Hydrazine hydrate is toxic to humans and its usage is thus limited to
a certain extent. However, its use in fuel cells as an effective
substitute of polymers can bring about a resurgence of the overall
market in major regions such as North America, Europe, and Asia
Pacific. By geography, the global hydrazine hydrate market is
segmented into North America, Europe, Asia Pacific, Latin America,
and the Middle East and Africa. Among these regions, the highest
demand for hydrazine hydrate from the polymer industry as a blowing
agent is expected to be observed in Asia Pacific in the next few
years.
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In 2013, Asia Pacific was the largest regional market for hydrazine
hydrate, accounting for over 55% of the market. Furthermore, it is
now expected to maintain its leading position in the global market
for the next eight years. With China-based manufacturers expanding
their existing production facilities to meet the local demand for
hydrazine hydrate, the hydrazine hydrate market in Asia Pacific is
anticipated to rise rapidly in the next few years.
Hydrazine
Hydrate Market: End-User Analysis
- Water treatment
- Pharmaceuticals
- Agrochemicals
- Polymerization and blowing agents
- Others (Including metal purification, etc.)
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