Report Code: A15927 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Hydrazine Hydrate Market
Request Now !Hydrazine hydrate is a highly reactive, inorganic chemical compound that is colorless and has a pungent smell. Owing to its high reactive property, the product is widely used in polymerization and pharmaceuticals. It is mainly used as a foaming agent in polymer foams and in the manufacturing of pyrazole and its derivatives in agrochemicals. Furthermore, it is also used to treat tuberculosis. Bioactive hydrazine hydrate derivatives including rizatriptan, cefazolin, fluconazole, anastrozole, metamitron, metazachlor, paclobutrazol, metribuzin, propiconazole, diclobutrazole, diimide, hydrazine sulfate, dibenzoylhydrazine and triadimefon, are finding growing roles in the pharma sector. Furthermore, apart from applications as pharma intermediates, hydrazine hydrate derivates such as monomethylhydrazine, and unsymmetrical dimethylhydrazine, are generating key opportunities for growth in aerospace and space exploration applications as critical components of rocket fuel formulations, and also as a propellant in single engine aircraft. However, environmental concerns arising from the toxicity of the material, and the impact on dumping grounds is limiting usage. Furthermore, hydrazine hydrate has been identified as a carcinogen, which has resulted in the imposition of very strict regulations in terms of handling, storage and use by governments to minimize health risks to consumers and workers in the industry, limiting scope of growth for the foreseeable future.
Covid-19 Impact Analysis
Top Impacting Factors
Increasing demand for hydrazine hydrate and its derivatives in polymerization and blowing agents, and pharmaceuticals is expected to drive the global market growth. Growing demand for hydrazine hydrate in fertilizers and plastic products is further expected to drive the global market growth. There is an increasing demand for the product in agrochemicals to increase the crop yield and enhance the quality of agricultural products, which is favoring the market growth. Owing to its properties such as alkalinity, low-cost, and easy availability, hydrazine hydrate is considered as a favorable substitute for hydrogen and oxygen in fuel cell production, which provides lucrative opportunities to the market players. There is a growing demand for substitute chemicals such as Diethyl-hydroxylamine and 1-Amino-pyrrolizidine in water treatment which poses a major challenge to hydrazine hydrate market players.
Market trends
Key Benefits of the Report
Hydrazine Hydrate Market Report Highlights
Aspects | Details |
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By Concentration |
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By Application |
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By Region |
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Key Market Players | Arkema, HPLA Group, Lonza, Otsuka-MGC Chemical Company, LANXESS, Yibin Tianyuan Group, Hunan Zhuzhou Chemical Group, Yaxing Chemical |
Other Key Market Players | HPLA Group |
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