The global hydrazine market size was valued at $314 million in 2015 and is expected to reach $485 million by 2022, registering a CAGR of 6.5% during the forecast period. Hydrazine is a toxic, colorless sensitizer. It is an irritant in its anhydrous form, and damages the central nervous system and causes seizures and tumors. It has a pungent smell unlike that of ammonia and is a powerful reducing agent, which is highly explosive when in unstable state. The chemical is mainly used for the treatment of water and in polymerization. It is also used in the preparation of gas precursors in automobile air bags and as a rocket fuel.
The report segments the global hydrazine market based on application and geography. On the basis of application, the market is divided into pharmaceuticals, water treatment, blowing agents, agrochemicals, and others. Hydrazine majorly finds its use as an agrochemical and a blowing agent. Moreover, the pharmaceuticals segment is projected to register a significant CAGR during the forecast period. Geographically, the global hydrazine market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Hydrazine Industry Segmentation
The global hydrazine industry offers vivid opportunities to market players, owing to rapid growth in the global economy and disposable incomes. Moreover, wide array of applications of hydrazine in a vast range of products such as foamed core pipes, food containers, structural foam, wood grain furniture, and vinyl sheets is another factor anticipated to propel hydrazine market growth. Currently, the global hydrazine industry witnesses vivid opportunities due to rise in demand for polymer foams in the polymer industry. However, extreme toxicity of hydrazine is one of the key elements anticipated to pose serious threat to the market. The global hydrazine market size is projected to tender various opportunistic growth prospects across the globe.
Top investment pockets
The agrochemicals segment offers maximum market potential in the global hydrazine market, owing to rapid developments and advancements in the technologies adopted in the production of agricultural products. Moreover, rise in the standard of living has boosted the demand for hydrazine hydrate and its derivatives in the agrochemicals and water treatment applications. The use of hydrazine hydrate and its derivatives in pharmaceuticals has witnessed major developments, owing to constant growth in economy and rise in demand for efficient pharmaceutical solutions. The agrochemicals hydrazine market is expected to register a CAGR of 7.1% during the forecast period.
Moreover, pharmaceuticals and blowing agents applications promise market growth for hydrazine. However, rise in concerns related to the toxicity of hydrazine may affect the hydrazine market in the developed and the developing countries, but investments in R&D in new ecological alternatives are expected present opportunities for growth in the future.
Global Hydrazine Market: Top Investment Pockets
The global hydrazine market is segmented on the basis of application and geography. Based on application, the market is classified into pharmaceuticals, water treatment, agrochemicals, blowing agents and others. The blowing agents application segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period. The agrochemicals segment is anticipated to grow at a significant CAGR of 7.1% during the forecast period.
Hydrazine Market Share, By Type, 2015 (%)
The global hydrazine market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region accounted for more than 35% share of the total revenue in 2015, followed by North America and Europe. Developing countries in the Asia-Pacific region is anticipated to register steady growth rates due to increase in developments in agrochemicals and water treatment applications. Moreover, rise in investments by governments in thermal power plants is another key aspect that fuels the growth of the Asia-Pacific region in the market.
Korea Hydrazine Market, 2014-2022 ($Million)
Prominent players have invested huge capitals in R&D activities to develop advanced products to cater to the requirements of the market. The key players operating in the hydrazine industry include: Arkema Inc., Bayer AG, Fisons plc, Arrow Fine Chemicals, Arch Chemicals, Inc., Nippon Carbide Industries Co. Inc., Japan Finechem Company, Inc., Lanxess AG, Lansdowne Chemicals, and Hidkim.
The other players in the value chain (profiles not included in the report) include Chemtex Specialty Limited, Palm Commodities International Inc., Seidler Chemical Company, Charkit Chemical Corporation, BOC Sciences, Spacechem LLC, GFS Chemicals Inc., Chemicals Incorporated, Haviland Enterprises Inc., Layson Bio, Inc., Spectrum Chemicals and Laboratory Products, and Mil-Spec Industries Corp.
HYDRAZINE MARKET KEY BENEFITS:
- The report provides an extensive analysis of the current and future global hydrazine market trends.
- The report provides comprehensive analysis of key regions North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends.
- The report includes the qualitative and quantitative analysis of the current market for the period of 2014-2022 to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the global hydrazine market is provided in the report.
- Extensive analysis of the market is conducted by following key product positioning, and by monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions.
- The report furnishes key insights on strategic analysis of various companies as well as the value chain analysis of hydrazine.
HYDRAZINE MARKET KEY SEGMENTS:
- Water Treatment
- Blowing Agents
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA