The According to a market research report, the “Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) – Global Forecast to 2027″, size was USD 222 million in 2021 and is projected to reach USD 308 million by 2027, at a CAGR of 5.8% from 2022 to 2027. As the large world’s population is increasing the universal direct rising demand from the agrochemicals industry, the growing pharmaceuticals sector, and demand for polymer foams are increasing. These factors have all impacted to the global development of the hydrazine hydrate market.
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- 246 Market data Tables
- 49 Figures
- 226 Pages and in-depth TOC on “Hydrazine Hydrate Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The key players profiled in the 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.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the hydrazine hydrate market.
Recent Developments in Hydrazine Hydrate Market
- In May 2022, Lanxess AG has made a partnership with Provivi Inc. to scale up the production of pheromone products, through its Saltigo business unit. Also, In 2021, the French Agency of Food, Environmental and Occupational Health & Safety (ANSES) granted regulatory approval for Provivi’s insect pheromone product.
- In May 2022, Lonza Group AG made a collaboration with ALSA Ventures to provide development and production services for biotech firms.
- In January 2020, LGC Science Group Holdings Limited acquired C/D/N Isotopes company, which is a prominent manufacturer and supplier of deuterium-labeled compounds.
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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.
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