Global Hydrazine Hydrate Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 5/23/2023
- NO OF PAGES
- 255
- CATEGORY
- Chemicals & Materials
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 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
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• Company Analysis by Revenue and Sales
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• Company Share Analysis by Application/End Use
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