report-image

Global Hydrazine Hydrate Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 255
  • CATEGORY
  • Chemicals & Materials
Market Overview
The global Hydrazine Hydrate market size was valued at USD 222 million in 2022 and is projected to reach USD 308 million by 2033, growing at a CAGR of 6.1% during the forecast period.

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 222 million

Market Forecast in 2033

USD 308 million

CAGR % 2023-2033

6.1%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more

Key Companies

LANXESS AG; Arkema Group; Yibin Tianyuan Group Co., Ltd.; Otsuka-MGC Chemical Company, Inc.; Japan Finechem Inc.; Lonza Group AG; Hunan Zhuzhou Chemical Industry Group Co., Ltd.; Tianyuan Group Co., Ltd.; Weifang Yaxing Chemical Co., Ltd.; Chongqing Chemical & Pharmaceutical Holding (Group) Co., Ltd.



Global Hydrazine Hydrate Market- Description
The Hydrazine Hydrate market is a segment within the chemical industry that focuses on the production and distribution of hydrazine hydrate. Hydrazine hydrate is a highly reactive and versatile compound used in various applications such as pharmaceuticals, water treatment, agrochemicals, and chemical synthesis. Hydrazine hydrate is primarily used as a reducing agent, oxygen scavenger, and corrosion inhibitor. It finds extensive application in boiler water treatment to prevent corrosion and reduce oxygen levels. It is also utilized in the synthesis of pharmaceuticals, especially in the production of antituberculosis drugs and antiviral medications.

Global Hydrazine Hydrate market: Key Trends
• Increasing Demand for Water Treatment
The growing global population and industrial activities have led to an increased need for clean and safe water. Hydrazine hydrate is used in water treatment processes to remove dissolved oxygen and prevent corrosion in boilers and other water systems. As the demand for clean water rises, the demand for hydrazine hydrate as a water treatment chemical is expected to increase.

• Growing Pharmaceutical Industry
The pharmaceutical sector is a major consumer of hydrazine hydrate due to its applications in the synthesis of various drugs. As the global population continues to grow and age, the demand for pharmaceutical products is also increasing. Hydrazine hydrate is utilized in the production of drugs for treating diseases such as tuberculosis and viral infections. The expanding pharmaceutical industry is expected to drive the demand for hydrazine hydrate in the coming years.

Global Hydrazine Hydrate market: Geographical landscape
In North America, the Hydrazine Hydrate market is driven by the presence of key end-use industries such as pharmaceuticals, water treatment, and agrochemicals. The United States, being a major consumer and producer of hydrazine hydrate, contributes significantly to the regional market. Strict environmental regulations and the emphasis on water and wastewater treatment solutions also drive the demand for hydrazine hydrate in this region. Asia Pacific is a rapidly growing market for Hydrazine Hydrate, primarily driven by the expanding industrial sector and increasing demand for water treatment solutions. China, India, and Japan are the major contributors to the regional market due to their extensive use of hydrazine hydrate in industries such as pharmaceuticals, agriculture, and polymer manufacturing. Growing urbanization, population, and industrialization in the region further fuel the market growth.

Global Hydrazine Hydrate Market- Recent Developments
• In 2022, Gujarat Alkalies and Chemicals Ltd. (GACL) is set to commence the production of hydrazine hydrate, an industrial liquid material, at its newly established plant in Gujarat. Currently, India relies heavily on imports to fulfill its annual demand of 17,000 tonnes of hydrazine hydrate, which finds extensive use as a key ingredient in various industries including agrochemicals, pharmaceuticals, automotive, and leisure. The GACL facility will be the first large-scale factory of its kind, significantly reducing the nation's dependence on imported hydrazine hydrate by 60%, as stated by Swaroop P., the managing director of the company, in an interview with Reuters. The newly constructed plant, with an annual production capacity of 10,000 tonnes, required an investment of $49 million. Its inauguration is scheduled to be carried out by Prime Minister Narendra Modi on Monday. Apart from hydrazine hydrate, GACL is engaged in the manufacturing of other chemicals such as hydrogen peroxide, technical and food-grade phosphoric acid, and caustic potash.

Global Hydrazine Hydrate market: Segmental Analysis
End-Use Industry:
• Pharmaceutical
• Water Treatment
• Agrochemicals
• Polymerization & Blowing Agents
• Chemical Manufacturing
• Others

Application:
• Boiler Water Treatment
• Corrosion Inhibitors
• Chemical Synthesis
• Polymerization Catalyst
• Foaming Agents
• Pharmaceuticals
• Others

Global Hydrazine Hydrate Market: Key Companies
• LANXESS AG
• Arkema Group
• Yibin Tianyuan Group Co., Ltd.
• Otsuka-MGC Chemical Company, Inc.
• Japan Finechem Inc.
• Lonza Group AG
• Hunan Zhuzhou Chemical Industry Group Co., Ltd.
• Tianyuan Group Co., Ltd.
• Weifang Yaxing Chemical Co., Ltd.
• Chongqing Chemical & Pharmaceutical Holding (Group) Co., Ltd.

Global Hydrazine Hydrate Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3499

Only Three Thousand Four Hundred Ninety Nine US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4499

Only Four Thousand Four Hundred Ninety Nine US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5499

Only Five Thousand Four Hundred Ninety Nine US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI