Hydrazine Hydrate Market

Updated on : October 25, 2024

Hydrazine Hydrate Market

The hydrazine hydrate market was valued at USD 233 million in 2022 and is projected to reach USD 308 million by 2027, growing at 5.8% cagr from 2022 to 2027. One of the main reasons making an positive outlook for the market is the mounting demand for polymer foams, growing pharmaceutical industry and rising demand from agrochemicals industry. Also, the chances for use of hydrazine hydrate in fuel cells is pushing the market. Due to these incentives, the demand for hydrazine hydrate in pharmaceutical industry, agrochemical indsutry ad polymer industry is increased.

Hydrazine Hydrate Market Forecast & Trends

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Hydrazine Hydrate Market Dynamics

Driver: Mounting demand for polymer foams

Due to increasing use of hydrazine hydrate and its derivatives as foaming agents in the plastic industry, the manufacturers of hydrazine hydrate are expanding their production capacities to manufacture azodicarbonamide, which is used in the polymer industry. Also, the growth of several end-use industries for instanc: packaging, automotive, furniture & bedding and building & construction industries, which would push the market for polymer foams in the coming years. This will increase the requirement for hydrazine hydrate in the polymer industry.

Restraints: Harmful properties of hydrazine hydrate affecting the demand in several applications

 Hydrazine hydrate is a strong reducing agent, highly reactive and unstable inorganic chemical compound, which is extremely explosive when kept in an unstable state. Furthermore, the inhalation of hydrazine hydrate can create a harmful effects on the lungs, liver, spleen, and thyroid and have been reported in animals chronically (long-term). Also, it has toxic nature and carcinogenic properties which will cause a serious risk to the growth of hydrazine hydrate market.

Opportunities: Mounting use of hydrazine hydrate in fuel cells

Owing to the mounting need to curtail carbon emissions into the atmosphere, there has been an enhanced necessity for hydrazine hydrate-based fuel cells. Also, there has been a rising trend of using hydrazine hydrate-based fuel cells. This is directing to a substantial growth in requirement for hydrazine hydrate and, accordingly, opening giant market opportunities for the market players. Furthermore, the potential application of hydrazine hydrate in fuel cells as an helpful substitute for hydrogen and oxygen is projected to present gainful openings to hydrazine hydrate market players

Challenges: Ecological challenges

Hydrazine hydrate is mainly released in water with smaller proportions, into the air and soil. Because of its carciogenic properties, it is extremely hazardous for aquatic organisms and plant life. Also, the degradation of hydrazine in water may be slow, depending on the surrounding conditions. Conversely, the contamination of soil, water, and the atmosphere can be escaped by proper methods of transport, storage, and waste disposal of hydrazine hydrate.  Only few manufacturers take notice of these factors while manufacturing and using hydrazine hydrate.

Hydrazine Hydrate Market Ecosystem

Prominent companies in this Hydrazine Hydrate Industry include well-established, financially stable hydrazine hydrate manufacturers. These businesses have been in business for a while and have a extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Arkema S.A. (France), LANXESS AG (Germany), Lonza Group AG (Switzerland), LGC Science Group Holdings Limited (UK), and Nippon Carbide Industries Co., Inc. (Japan).

Based on application, polymerization & blowing agents is projected to be the largest market for hydrazine hydrate, in terms of value, during the forecast period.

Polymerization & blowing agents is the largest application for hydrazine hydrate due to polymer industries  often use hydrazine hydrate as foaming agent in manufacturing. Likewise, the derivatives of hydrazine hydrates are used as low temperature blowing agents and polymerization initiators such as azodicarbonamide and azobis isobutyronitrile,.

Based on concentration level, 60%-85% was the largest segment for hydrazine hydrate market, in terms of value, in 2021.

60%-85% concentration level is mostly used in manufacturing of veterinary drugs, chemical synthesis, polymerization processes as initiator or blowing agent, and as a propellant in emergency power units (EPU) in the single-engine aircrafts and F16 fighter aircrafts. The 60%-85% concentration level of hydrazine hydrate accounted for the largest market share.

“Asia Pacific accounted for the largest market share for hydrazine hydrate market, in terms of value, in 2021”

In terms of value, Asia Pacific is the largest market for hydrazine hydrate, followed by Europe. This is due to the increasing demand in the rapidly growing agrochemical and polymer sectors especially in China and India. Also the favorable government policies in Asia Pacific region gives boost to hydrazine hydrate market.

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Hydrazine Hydrate Market Players

The key players profiled in the report include Arkema S.A. (France), LANXESS AG (Germany), Lonza Group AG (Switzerland), LGC Science Group Holdings Limited (UK), and Nippon Carbide Industries Co., Inc. (Japan) and among others, are the key manufacturers that holds major market share in the last few years. Major focus was given to the collaborations, partnerships and new product development due to the changing requirements of users across the world.

Hydrazine Hydrate Market Report Scope

This report categorizes the global hydrazine hydrate market based on concentration level, application, and region.

On the basis of concentration level, the hydrazine hydrate market has been segmented as follows:

• 100%
• 60%-85%
• 40%-55%
• 24%-35%

On the basis of application, the hydrazine hydrate market has been segmented as follows:

• Agrochemicals
• Water treatment
• Polymerization & Blowing Agents
• Pharmaceuticals
• Others

On the basis of region, the hydrazine hydrate market has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South America

Recent Developments

• In May 2022, Lanxess AG has made a partnership with Provivi Inc. to scale up the production of pheromone products, through its Saltigo business unit. Also, In 2021, the French Agency of Food, Environmental and Occupational Health & Safety (ANSES) granted regulatory approval for Provivi's insect pheromone product.
• In May 2022, Lonza Group AG made a collaboration with ALSA Ventures to provide development and production services for biotech firms.
• In January 2020, LGC Science Group Holdings Limited acquired C/D/N Isotopes company, which is a prominent manufacturer and supplier of deuterium-labeled compounds.

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