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The market for hydrazine hydrate is aided by the increasing demand for volatile oxygen scavengers in an industrial process to prevent corrosion. Moreover, the increase of polymerisation due to the rising use of polymers in major industries is further fuelling the market growth. In addition, the robust growth of the aerospace industry and the use of hydrazine hydrate to enhance fuel-efficiency are contributing significantly to the overall market growth. Further, the flourishing plastic industry uses hydrazine hydrate for polymerisation and in blowing agents. Hydrazine hydrate is also used in rocket propellers, gas generators, and various electronic appliances, which is providing further impetus to the market growth. Also, rapid industrialisation and the rising production activities in emerging economies such as India and China are furthering the demand for hydrazine hydrate, consequently aiding the overall market growth.
Arkema Group (EPA: AKE), one of the leading players in hydrazine hydrate industry, announced that the company is increasing the price for its product range of hydrazine hydrate and its derivative in May 2017. This would increase the quality of products, which can propel the market growth. Moreover, the company offers wide grades of various innovative products for extensive applications. The range of the products is commonly used in metalworking to improve the cooling effect, better machinery, and tool protection. Additionally, the products have various commercial applications and are used in the pharmaceuticals and cosmetic industry to manufacture pesticides, plastics, polymers, and textiles, among others. Furthermore, they aid in protecting the water quality by preventing the corrosion of the water cycle. Such developments along with the surging uses in various industries are expected to augment the market growth in the forecast period.
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The major players in the global market for hydrazine hydrate are Arkema Group, Lonza Group Ltd, Lanxess AG, Koc Co., Ltd, and Otsuka Chemical Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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