Global Hydrazine Hydrate Market Set to Reach $308 Million by 2027: Agrochemical Industry's Growing Demand Drives Expansion - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--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" report has been added to ResearchAndMarkets.com's offering.

The global hydrazine hydrate market is poised for significant growth, with market value estimated to increase from USD 222 million in 2021 to USD 308 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.8%. The growing demand from the agrochemicals industry is a key driver of this growth, prompting manufacturers to adopt advanced technologies to enhance the quality of hydrazine hydrate.

Key Market Insights:

• The 100% concentration level of hydrazine hydrate is anticipated to witness the fastest growth in terms of both value and volume during the forecast period. It finds applications in cyclization reactions, nanocrystal semiconductors, pharmaceuticals as a reducing agent, and the production of various chemicals. Additionally, it serves as a vital ingredient in the agrochemical industry and is used as fuel in hypergolic bipropellant combinations.

• Asia Pacific emerges as the largest and fastest-growing region for the hydrazine hydrate market in terms of value during the forecast period. This growth can be attributed to factors such as a rising population and the rapid expansion of the polymer and agrochemical sectors. Furthermore, favorable government initiatives in countries like India, China, and Japan are expected to boost demand for hydrazine hydrate.

Market Dynamics:

Drivers:

• Rising Demand for Polymer Foams
• Growing Demand in Agrochemical Industry
• Expanding Pharmaceuticals Sector

Restraints:

• Toxic and Carcinogenic Properties Affecting Demand in Various Applications
• Availability of Substitutes in Water Treatment Application

Opportunities:

• Opportunities for the Use of Hydrazine Hydrate in Fuel Cells

Challenges:

• Environmental Challenges
• Hazards Associated with the Use of Hydrazine

Case Studies:

• Filtration of Hydrazine Hydrate Waste Salt Using Water Washing-based Integrated Technique for Producing Sodium Hydrate Via Ion-Exchange Membrane Electrolysis

Companies Mentioned:

• Arihant Chemical
• Arkema SA
• Avanschem
• Capot Chemical Co. Ltd.
• Chemtex Speciality Limited
• Chongqing Chemical Medicine Holdings (Group) Co. Ltd.
• Dayangh Chem (Hangzhou) Co. Ltd.
• Dubi Chem Marine International Est
• Hpl Additives Limited
• Hummel Croton Inc.
• Hunan Zhuzhou Chemical Industry Group Co. Ltd.
• Japan Finechem Company, Inc.
• Jinan Forever Chemical Co. Ltd.
• Lanxess AG
• Lgc Science Group Holdings Limited
• Lonza Group AG
• Nanjing Benzhi Chemical Co. Ltd.
• Nippon Carbide Industries Co. Inc.
• Oqema Ltd.
• Otsuka-Mgc Chemical Company, Inc.
• Tangshan Chenhong Industrial Co. Ltd.
• Triangulum Chemicals Private Limited
• Universal Oil Field Chemicals Pvt. Ltd.
• Weifang Yaxing Chemical Co. Ltd.
• Yibin Tianyuan Group Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/mn00ut

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