Hydrazine hydrate is an inorganic compound used in various end-user industries owing to its wide range of chemical properties. Hydrazine hydrate is commercially manufactured using three production processes such as Olin-Raschig process, Bayer-Ketazine process and Peroxide process. These production process use various raw materials such as ammonia, hydrogen peroxide, sodium hypochlorite and acetone along with catalysts. Hydrazine hydrate is majorly used in polymer industry as blowing agent. The application of hydrazine hydrate in polymer industry is likely to act as a major driver to the hydrazine hydrate market in the next eight years. Moreover, the application of hydrazine hydrate in agrochemicals and pharmaceutical for manufacturing intermediates is also expected to improve the demand for hydrazine hydrate during the forecast period. In terms of revenue, the global hydrazine hydrate market was valued at US$ 350.0 Mn in 2013 and is projected to reach US$ 536.3 Mn by 2022, expanding at a CAGR of 4.9% from 2014 to 2022.
In terms of end-user segments, polymerization and blowing agents segment was the largest end-user segment with market share of more than 35% in 2013. Polymerization and blowing agents is expected to be the fastest growing segment of the hydrazine hydrate market, expanding at CAGR of 4.3% from 2013 to 2020. Agrochemicals and water treatment end-users are also anticipated to have significantly high share in the market in the next few years. Production of intermediates used in of insecticides and fungicides is estimated to boost the demand for hydrazine hydrate in the agrochemical market in the near future.
In terms of regions, the global hydrazine hydrate market has been bifurcated into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific was the largest regional market for hydrazine hydrate, constituting over 55% share in 2013. Increasing demand for hydrazine hydrate in polymer industry as a blowing agent is projected to drive the hydrazine hydrate market in Asia Pacific in the next few years. Furthermore, Asia Pacific is expected to maintain its dominance for the next eight years and is anticipated to be the fastest growing region in the global hydrazine hydrate market during the forecast period. Rising demand for hydrazine hydrate and its derivatives as chemical blowing agents or foaming agents in various plastic processes is one of the key factors for Asia Pacific region dominance in the global hydrazine hydrate market. In addition, the China-based manufacturers are manufacturing hydrazine hydrate are expanding the existing production facilities for satisfying local needs of hydrazine hydrate, used majorly for manufacturing azodicarbonamide (ADC) required in polymer industry. These factors are expected to drive the hydrazine hydrate market in Asia Pacific in the next few years. The hydrazine hydrate market in North America and Europe is anticipated to remain at moderate pace over the next eight years, due to environmental concerns and carcinogenetic nature of hydrazine hydrate. The hydrazine hydrate market in Latin America is also estimated to grow at considerable pace in the next few years, owing to rising demand for hydrazine hydrate in water treatment and agrochemicals industry. Similar trend is observed in the Middle East and Africa owing to increased demand from agrochemical and polymer industry growth.
Increasing demand for hydrazine hydrate and its derivatives from polymer industry, water treatment and agrochemical industry for intermediates is anticipated to drive the global hydrazine hydrate market in the next few years. Potential application in fuel cell as a substitute to hydrogen is projected to act as opportunity for the hydrazine hydrate market in the next eight years. However, the environmental concerns along with prospective carcinogenic nature of hydrazine hydrate are likely to hamper market growth. Major manufacturers of hydrazine hydrate include Otsuka-MGC Chemical Company Inc., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co Inc., Tanshang Chenhong Industrial Co Ltd., LANXESS, Japan FineChem Inc., Hunan Zhuzhou Chemical Industry Group Co. Ltd and Yibin Tianyuan Group Co. Ltd.
This report analyzes and forecasts the market for hydrazine hydrate at the global and regional level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2014 to 2022. The study includes drivers and restraints of the global hydrazine hydrate market. It also covers the impact of these drivers and restraints on demand for hydrazine hydrate during the forecast period. The report also highlights opportunities in the hydrazine hydrate market globally and regionally.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global hydrazine hydrate market. Porter’s Five Forces model for the hydrazine hydrate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global hydrazine hydrate market by segmenting it in terms of end-user segments. This segment has been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa along with countries in respective countries.
The study includes profiles of major companies operating in the global hydrazine hydrate market. Key players profiled in the report include Otsuka-MGC Chemical Company Inc., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co Inc., Tanshang Chenhong Industrial Co Ltd., LANXESS, Japan FineChem Inc., Hunan Zhuzhou Chemical Industry Group Co. Ltd and Yibin Tianyuan Group Co. Ltd. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides market size of hydrazine hydrate for 2013 and forecast for the next eight years. The global market size of hydrazine hydrate is provided in terms of both volume as well as revenue. Market volume is defined in Kilo Tons, while market revenue is in US$ Mn. Market numbers are estimated based on end-user segments of hydrazine hydrate. Market size and forecast for this segment is provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global hydrazine hydrate market as follows:
Hydrazine Hydrate Market: End-User Analysis
- Water treatment
- Polymerization and blowing agents
- Others (Including metal purification, etc.)
Hydrazine Hydrate Market: Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa