DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Hydrazine Market by Application (Pharmaceuticals, Water Treatment, Blowing Agents, Agrochemicals, and Others)" report to their offering.
The hydrazine market was valued at $314 million in 2015 and is projected to reach $485 million by 2022, growing at a CAGR of 6.5% from 2016 to 2022. The blowing agents segment held nearly one-third of the total market in 2015.
Hydrazine is mainly used during polymerization, for the treatment of water, and as a blowing agent. It is also used in the preparation of gas precursors used in air bags in automobiles. The chemical also finds its application in space vehicles in the form of propellant to reduce the overall concentration of dissolved oxygen and as a rocket fuel.
At present, the global hydrazine market witnesses vivid opportunities due to rise in demand for polymer foams in the industry. Moreover, wide array of applications of hydrazine in a vast range of products such as foamed core pipes, food containers, structural foam, wood grain furniture, and vinyl sheets is another factor anticipated to propel the growth of the market during the forecast period. In addition, rise in need for agrochemicals due to demand for high quality agricultural products especially for food is another key aspect that drives the global hydrazine market.
Hydrazine is expected to register the highest growth in blowing agent (foaming agents) applications owing to rise in use as a reducing agent. Furthermore, as a reducing agent, hydrazine possesses advantages such as higher operating reliability, longer equipment life cycle, energy saving, and maintenance cost reduction. In addition, the increase in use of agrochemicals to increase the crop yield and the demand for improved quality of agricultural products is expected to empower the hydrazine market growth.
- Arkema Inc.
- Bayer AG
- Fisons plc
- Arrow Fine Chemicals
- Arch Chemicals, Inc.
- Nippon Carbide Industries Co. Inc.
- Japan Finechem Company, Inc.
- Lanxess AG
- Lansdowne Chemicals
Key Topics Covered:
Chapter: 1 Introduction
Chapter: 2 Executive Summary
Chapter: 3 Market Overview
Chapter: 4 Global Hydrazine Market, By Application
Chapter: 5 Hydrazine Market, By Geography
Chapter: 6 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/ddjqr3/hydrazine_market