Hydrazine Hydrate Market Overview
The Hydrazine Hydrate Market size is estimated to reach US$700 million by 2027, after growing at a CAGR of 5.1% during the forecast period 2022-2027. Hydrazine hydrate is also referred to as hydrazine monohydrate and hydrazinium hydroxide. It is a colorless fuming liquid with a faint odor. It is soluble in methanol and chloroform and slightly less soluble in water. However, it is stability incompatible with metal oxides, silver salts, oxidizing agents and dehydrating agents. It is extensively utilized as a reducing agent in analytical reactions and used as a solvent in several inorganic compounds. Further, it is used as a propellent with methanol in rocket engines. It is commercially available in a technical grade, reagent grade, industrial grade and others. According to research by Plastics Europe, the world market for plastic was valued at US$568.9 billion in 2019 and Asia-Pacific accounted for nearly half market share in terms of production and 38% share in terms of consumption. Thus, the growth in the polymer industry is further boosting the demand for Hydrazine Hydrate.
The “Hydrazine Hydrate Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Hydrazine Hydrate industry.
By Concertation Level: 20%-40%, 41%-60%, 61%-80%, 81%-100% and Others.
By Grade: Industrial Grade, Reagent Grade, Technical Grade, Laboratory Grade, Analytical Grade and Others.
By Function: Reducing Agent, Organic Synthesis Intermediates, Laboratory Reagent, Reducing Agent, Corrosion Inhibitor, Oxygen Scavenger and Others.
By Application: Agrochemicals, Water Treatment, Chemical Manufacturing, Metal Purification, Pharmaceuticals, Energy and Power, Polymer and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).
- The significant increase in demand for different grades of Hydrazine Hydrate such as reagent grade, technical grade, industrial grade and laboratory is expected to provide significant growth opportunities to increase the Hydrazine Hydrate market size in the coming years.
- The surge in the production of plastic is driving the growth of the Hydrazine Hydrate market. According to PlasticEurope, in 2019, world plastic production was 368 million tonnes compared to 359 million produced in 2018.
- Global increase in chemical manufacturing is providing ample growth opportunities for the industry players in near future in the Hydrazine Hydrate industry.
Figure: Hydrazine Hydrate Market Revenue Share, by Geography, 2021 (%)
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Hydrazine Hydrate Market Segment Analysis – by Grade
The reagent grade segment is expected to grow at the fastest CAGR of 6.2% during the forecast period in the Hydrazine Hydrate Market. Hydrazine hydrate is also known as hydrazine monohydrate and hydrazinium hydroxide. It is also utilized as a solvent in numerous inorganic compounds. There are commercially available and remarkably used in their reagent grade. It is used as a laboratory reagent in the production of fine chemicals. Reagent-grade hydrazine hydrate can be used as a reducing agent for the reduction of nitroarenes. Thus, several benefits associated with the use of reagent-grade hydrazine hydrate is boosting the growth and is expected to account for a significant Hydrazine Hydrate market share.
Hydrazine Hydrate Market Segment Analysis – by Application
The chemical manufacturing segment dominated the Hydrazine Hydrate Market with a share of over 22% in 2021. Hydrazine hydrate is a fuming colorless liquid with faint color. It is utilized in hydrogen peroxide in catalytic decomposition and in cyclizations of pyridinones as a reactant. It is extensively used as an intermediate in the industrial sector in the manufacturing of chemical and chemical treatment processes such as mine and metal extraction. It is used as an active ingredient in a wide range of end-use industries such as agrochemicals. It is employed in the production of fine chemicals as a laboratory reagent. According to the European Chemical Industry Council, AISBL, in 2020, world chemicals sales accounted for 3,471 euro billion (USD 3,454.40 billion). Thus, the increase in chemical production is boosting the demand for Hydrazine Hydrate.
Hydrazine Hydrate Market Segment Analysis – by Geography
Asia-Pacific dominated the Hydrazine Hydrate market with a share of 44% in 2021. This growth is mainly attributed to the increase in demand for hydrazine hydrate in agrochemicals, chemical manufacturing, pharmaceuticals and energy and power. The presence of numerous developing countries such as China, India, Indonesia and Malaysia are the major countries supporting the growth of the market. According to India’s National Investment Promotion and Facilitation Agency, in 2021, the country’s share in the global specialty chemicals market increased to 4%. Thus, the significant demand and surge in the production of chemicals in this region continue to boost the growth of the Hydrazine Hydrate market.
Hydrazine Hydrate Market Drivers
Surge in Plastic Production:
Hydrazine Hydrate is an oily liquid used as a solvent in the production of inorganic compounds. It is utilized as a reducing agent and as a raw material for the polymer industry as foaming agents. It is used in the plastics industry as a polymerization catalyst and in the creation of blowing agents for polymers. It is also used as a polymerization initiator or as blowing agents in the formulation of foam composites. According to Our World in Data, on annual basis, the world produces more than 380 million tonnes of plastic every year. Thus, the increase in the production of plastic, in turn, increases the Hydrazine Hydrate market size.
Increase in Agrochemicals Consumption:
Hydrazine Hydrate, also known as Hydrazinium hydroxide, is a fuming colorless liquid with a faint odor. It is utilized as a reducing agent in analytical reactions. It is also used as a reducing agent in several industrial sectors such as chemical treatment and water treatment processes. It is significantly used for the synthesis of active ingredients in agrochemicals as weedkillers, fungicides, etc. and pharmaceuticals. According to a Comprehensive report from Food and Agriculture Organization, in 2019, global pesticide consumption increased to 4.2 million tonnes showing a 36% increase compared to 2000. Thus, the increase in the adoption of Hydrazine Hydrate in the production of agrochemicals is boosting the growth of the Hydrazine Hydrate market.
Hydrazine Hydrate Market Challenges
Health hazards associated with the use of hydrazine hydrate:
The inhalation and skin contact with Hydrazine Hydrate can cause severe injury. It is advisable to avoid skin contact with hydrazine hydrate. It is flammable and may produce corrosive and toxic gases on fire. It is considered harmful if swallowed. It may also cause an allergic skin reaction. It is also poisonous to aquatic life. Thus, health hazards associated with the use of Hydrazine Hydrate may hamper the market growth.
Key Market Players
The top 10 companies in the Hydrazine Hydrate market include:
1. Arkema S.A.
2. Lonza Group
4. HPL Additives Limited
5. Otsuka-MGC Chemical Company, Inc.
6. Yibin Tianyuan Group
7. Yaxing Chemical
8. Hangzhou Dayangchem
9. Capot Chemical Co., Ltd.
10. Haihang Group
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1. Hydrazine Hydrate Market - Market Overview
1.1 Definitions and Scope
2. Hydrazine Hydrate Market - Executive Summary
2.1 Key Trends by Concentration Level
2.2 Key Trends by Grade
2.3 Key Trends by Function
2.4 Key Trends by Application
2.5 Key Trends by Geography
3. Hydrazine Hydrate Market – Comparative analysis
3.1 Market Share Analysis - Major Companies
3.2 Product Benchmarking - Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis - Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Hydrazine Hydrate Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Hydrazine Hydrate Market – Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Hydrazine Hydrate Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Hydrazine Hydrate Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Hydrazine Hydrate Market – by Concentration Level (Market Size - $Million/Billion)
9. Hydrazine Hydrate Market – by Grade (Market Size - $Million/Billion)
9.1 Industrial Grade
9.2 Reagent Grade
9.3 Technical Grade
9.4 Laboratory Grade
9.5 Analytical Grade
10. Hydrazine Hydrate Market – by Function (Market Size - $Million/Billion)
10.1 Reducing Agent
10.2 Organic Synthesis Intermediates
10.3 Laboratory Reagent
10.4 Reducing Agent
10.5 Corrosion Inhibitor
10.6 Oxygen Scavenger
11. Hydrazine Hydrate Market – by Application (Market Size - $Million/Billion)
11.2 Water Treatment
11.3 Chemical Manufacturing
11.4 Metal Purification
11.6 Energy and Power
12. Hydrazine Hydrate Market - by Geography (Market Size - $Million/Billion)
12.1 North America
12.1.1 The USA
12.2.1 The UK
12.2.5 The Netherlands
12.2.9 The Rest of Europe
12.3.4 South Korea
12.3.5 Australia and New Zealand
12.3.9 The Rest of APAC
12.4 South America
12.4.5 The Rest of South America
12.5 The Rest of the World
12.5.1 The Middle East
13. Hydrazine Hydrate Market – Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Hydrazine Hydrate Market – Industry/Competition Segment Analysis Premium
14.1 Company Benchmarking Matrix – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Product Type/Product category - Major companies
15. Hydrazine Hydrate Market – Key Company List by Country Premium Premium
16. Hydrazine Hydrate Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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