Hydrazine Market to Reach US$ 668.4 Million by 2027 | IMARC Group
According to the latest report by IMARC Group, titled “Hydrazine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global hydrazine market size reached US$ 447.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 668.4 Million by 2027, exhibiting a growth rate (CAGR) of 7.03% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in aany form.
Industry Definition and Application:
The global hydrazine market reached a value of US$ 447.1 Million in 2021. Hydrazine (N2H4) is an inorganic and reactive compound produced by combining sodium hypochlorite and ammonia. In its anhydrous form, hydrazine is a highly toxic, colorless, flammable liquid and sensitizer. It is most commonly used to make lightweight foaming agents, which are further utilized in the production of disposable cups, insulation panels, and packaging. Hydrazine is also found in nuclear power stations as it is a strong reducing agent, which delays corrosion in metals. Other applications of hydrazine include deoxygenation of boiler water, chemical blowing agents, agricultural pesticides, textile dyes, photography chemicals, and manufacturing drugs for the pharmaceutical sector.
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Hydrazine Market Trends and Drivers:
The rising employment of hydrazine across several industry verticals is mainly driving the market growth. For instance, hydrazine is used as a transitioning agent in silver, gold, and platinum recovery processes, which is supporting the market growth. Other than this, hydrazine is used for removing contaminants and heavy metals in wastewater treatment applications under effluent conditions. This chemical also protects the boiler tubes from corrosion by forming a hard magnetic layer, which is further fueling the market growth. Additionally, the widespread product adoption as a cost-effective alternative to hydrogen in fuel cells is acting as a growth-inducing factor.
Apart from this, rapid urbanization, particularly in developing nations, changing climatic conditions, decreasing arable land, and escalating food demand have intensified the employment of hydrazine in various agrochemicals, such as fertilizers, pesticides, and plant growth regulators (PGR). This, in turn, is creating a positive outlook for the market. Looking forward, the market is expected to exhibit a CAGR of 7.03% during 2022-2027.
Report Segmentation:
The report has segmented the market into the following categories:
Competitive Landscape Key Player:
- Acuro Organics Limited
- Arkema
- Arrow Fine Chemicals
- Finetech Industry Limited
- Japan Finechem Inc (Mitsubishi Gas Chemical Company Inc.)
- Lanxess AG
- Lonza Group AG
- Merck KGaA
- Nippon Carbide Industries Co. Inc.
- Otsuka-MGC Chemical Company Inc (Otsuka Chemical Co. Ltd.)
- Tokyo Chemical Industry Co. Ltd.
- Weifang Yaxing Chemical Co. Ltd.
Breakup by Type:
- Hydrazine Hydrate
- Hydrazine Nitrate
- Hydrazine Sulfate
- Others
Breakup by Application:
- Corrosion Inhibitor
- Medicinal Ingredients
- Precursor to Pesticides
- Blowing Agents
- Others
Breakup by End-Use Industry:
- Pharmaceuticals
- Agrochemicals
- Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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