In terms of value, the hydrazine hydrate market is estimated to grow from USD 222 million in 2021 to USD 308 million by 2027, at a CAGR of 5.8%. As the largely world’s population is increasing the universal direct on rising demand from agrochemicals industry, growing pharmaceuticals sector and demand for polymer foams are increased. These factors have all impacted to the global development of the hydrazine hydrate market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172748863
Based on concentration level, the hydrazine hydrate market is segmented into 100%, 60%-85%, 40%-55% and 24%-35%. The 60%-85% segment accounted for the largest market share, in terms of both value and volume, in 2021. 60%-85% concentration level is mostly used in manufacturing of veterinary drugs, chemical synthesis and polymerization processes as initiator or blowing agent. Moreover, this concentration level is also used as a propellant in emergency power units (EPU) in the single-engine aircrafts and F16 fighter aircrafts.
Based on application, the hydrazine hydrate are segmented into agrochemicals, water treatment, polymerization & blowing agents, pharmaceuticals and others. Amongs them, the polymerization & blowing agents accounted for the largest market share, in both terms of value and volume, in 2021. Generally, the hydrazine hydrate is commonly used in production of plastics and rubber chemicals. . It is utilized as a raw material for chemical blowing agents or foaming agents. Also, the derivatives of hydrazine hydrates, such as azodicarbonamide and azobis isobutyronitrile, are used as low temperature blowing agents and polymerization initiators.
Based on region, Asia Pacific ruled the hydrazine hydrate market, in terms of both value and volume, in 2021. This is due to increasing demand in several sectors such as polymer, personal care, pharmaceuticals and agrochemical specifically in India and China. Likewise, in terms of value, the Asia Pacific is predicted to be the abrupt increasing market, during the forecast period 2022 to 2027.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=172748863
The key players profiled in the hydrazine hydrate market 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). The requirement of hydrazine hydrate is raising due to the chances for use of hydrazine hydrate in fuel cells is a opportunities for the key players. Likewise, to hit these opportunities key players should concentrate on new innovations and production of hydrazine hydrate.
Read Our Trending Press Release Below:
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/hydrazine-hydrate-market-172748863.html
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Hydrazine Hydrate Market Size, Growth, Graph, Applications, Segments, Key Drivers, Opportunities, Top Players and Forecast to 2027