The global hydrazine hydrate market was valued at USD 395.7 million in 2016 and is projected to reach USD 531.1 million by 2022, at a CAGR of 5.5% between 2017 and 2022. Hydrazine hydrate is a highly reactive and unstable inorganic chemical compound. It has a pungent smell similar to ammonia.
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It is a powerful reducing agent, which is highly explosive when in unstable state. It is a colorless flammable compound. Owing to its high reactivity, hydrazine hydrate is used in various industrial applications.
It is mainly used as a foaming agent in polymer foams.
The growing demand for hydrazine hydrate from the agrochemicals & water treatment industries in Asia Pacific and expansion of pharmaceutical industry, especially in emerging economies, are the factors contributing to the growth of the global hydrazine hydrate market.
Polymerization & blowing agent is the major application of the global hydrazine hydrate market. Hydrazine hydrate is used in manufacturing of blowing agents.
Blowing agents produced from hydrazine hydrate have a high gas emission rate than that of other blowing agents, and the products manufactured from these blowing agents are nontoxic, odorless, and display more stable properties.
Derivatives of hydrazine hydrates such as azobisisobutyronitrile and azodicarbonamide are used as polymerization initiators and low temperature blowing agents.
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Based on concentration level, the 60%-85% concentration segment of the global hydrazine hydrate market is projected to grow at the highest CAGR during the forecast period.
The 80% concertation grade of hydrazine hydrate is used in the production of heterocyclic compounds such as triazole derivatives, pyridazine derivatives, tetrazole derivatives,
pyrazole derivatives, thiadiazole derivatives, and pyridazone derivatives. This concentration level accounted for largest market share due to its high demand in blowing agents, water treatment, and agrochemical applications.
Arkema is one of the major manufacturers of hydrazine hydrate. The company operates through three business segments, namely, high performance materials, industrial specialties, and coating solutions.
The company offers hydrazine hydrate through its industrial specialties business segment. Arkema manufactures hydrazine hydrate at its Lannemezan plant (France). The company has a widespread presence and distribution networks in Asia Pacific, Europe, Middle East & Africa, and the Americas.
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In 2016, Asia Pacific accounted for the largest share of the global hydrazine hydrate market, followed by North America. The high demand for hydrazine hydrate in Asia Pacific is attributed to the growth of the agrochemical and polymer industries over the past few years.
The rapid economic development is facilitating the growth of the building & construction industry in Asia Pacific, which is further pushing the demand for blowing agents in the region. The Middle East & Africa hydrazine hydrate market is projected to grow at a relatively slower rate in comparison to other regions.
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