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Global Hydrazine Hydrate Market to Grow at a CAGR of 6% During 2021-2026, Aided by the Rising Use of Crop Protection Agents

According to a new report by EMR titled, ‘Global Hydrazine Hydrate Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 6% in the forecast period of 2021-2026.

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.

Market Analysis by Application and Region:

  • The market, on the basis of applications, can be divided into polymerisation and blowing agents, water treatment, and pharmaceuticals, among others.
  • The regional markets for hydrazine hydrate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising use of hydrazine hydrate in water treatment to improve the quality of water and eliminate oxygen is fuelling the market growth.
  • The market is being driven by the rising environmental consciousness, which is increasing the use of sustainable products in manufacturing, hence increasing the demand for hydrazine hydrate. 
  • The increasing use of crop protection agents to fulfil the food demand of the rising global population is driving the hydrazine hydrate industry.
  • The surging use of polymers in various industries, including packaging, automotive, construction, and medical, among others, is augmenting the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global hydrazine hydrate market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the applications and regions of hydrazine hydrate.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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