Hydrazine Hydrate Market Will Be Worth US$683.1 Million By

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DUBAI, United Arab Emirates, Feb. 28 Feb. 2, 2022 (GLOBE NEWSWIRE) — The market value of hydrazine hydrate is US$424 million in 2020, likely to rise at a vigorous CAGR of 4.9% during the valuation period 2020- 2030.

According to a new report from Future Market Insights (FMI), the hydrazine hydrate market surpassed $426 million in revenue in 2021 and is expected to grow at a steady CAGR of 4.9% through 2030. latest study considers the impact of COVID -19 on the Hydrazine Hydrate Market.

Market Value of Hydrazine Hydrate (2021A) US$444.3 million
Hydrazine Hydrate Market Estimate (2022E) US$465.8 million
Hydrazine Hydrate (2030F) Market Projection US$683.1 million
CAGR Value (2022-2030) 4.9 %
Share of collective value: top 3 countries (2022E) 55.0 %

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According to the study, the demand for hydrazine has seen a noticeable decline in 2022 due to the ongoing covid-19 outbreak. Restrictions on the manufacturing, automotive and polyester industries, coupled with disruptions to raw material supply chains, have limited the industry’s growth in the near term.

According to the report, innovations in polymerization and agricultural chemicals, as well as new cost-effective production methods, will support the market in the long term.

Despite the upward trajectory of the hydrazine hydrate market between 2022 and 2030, environmental and health concerns associated with the carcinogenic and toxic nature of hydrazine hydrate, and the resulting stringent regulations on handling, storage and use of the material should limit growth. of the sector.

The FMI study includes a broad overview of the market, with data on key hydrazine hydrate industry dynamics. Some of the main takeaways include:

  • The hydrazine hydrate market size was estimated to be over 426 Mn in 2021, at over 157,000 tons, with growth decreasing moderately for the duration of the coronavirus outbreak, due to containment restrictions and reduced demand for polymer foams and agrochemicals.
  • With more than 60,000 tons of hydrazine hydrate used in 2021, the polymerization and blowing agent application segment is expected to account for more than 37% of the market share during the forecast period.
  • The water treatment and pharmaceutical applications of hydrazine hydrate are unlikely to be affected by the covid-19 pandemic, reflecting a CAGR of over 4.5% during the crisis period.
  • With a production volume of over 66,000 tons in 2021, East Asia will remain a top market for hydrazine hydrate, supported by the presence of production facilities from international market leaders in China and Japan, and high production and export volumes. In addition, South Asia and the Pacific is expected to reflect relatively strong growth driven by agrochemical demand from agrarian economies in the region.

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Report scope

Attribute Details
Forecast period 2022-2030
Historical data available for 2015-2021
Market analysis Million USD for value and tons for volume
Key regions covered North America, Latin America, Europe, East Asia, South Asia Pacific, MEA.
Main countries covered United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, Poland, China, Japan, India, ANZ, South Korea, ASEAN, Brazil, Mexico, GCC Countries, Egypt, South Africa
Key Segments Covered Application and region
Profiled Key Companies
  • Otsuka-MGC Chemical Company Inc.
  • Arkema S.A.
  • Weifang Yaxing Chemical Co Ltd.
  • Yibin Tianyuan Group Co. Ltd.
  • Japan FineChem Company Inc.
  • LANXESS
  • Nippon Carbide Industries Co Inc.
  • Lonza Group SA
  • Tangshan Chenhong Industrial Co.,Ltd
  • Hunan Zhuzhou Chemical Industry Group Co.Ltd
Report cover Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Impact of Covid-19 on the Hydrazine Hydrate Market

The coronavirus pandemic has moderately affected the hydrazine hydrate market, with demand for polymers and blowing agents collapsing globally. In addition, international trade restrictions and chemical industry operations lockdown regulations are expected to limit short-term market demand.

In addition, foam manufacturers are forced to stop or limit production processes for non-essential applications. However, the demand for hydrazine hydrate in the pharmaceutical and water treatment segments is not expected to be affected by the coronavirus crisis. Applications as pharmaceutical intermediates and the demand for drinking water will help to partially mitigate the losses occurring during this period.

These factors, combined with a decline in consumer spending, reduced the size of the market, made investors hesitant and hurt the average growth rate. However, the market is expected to reflect a gradual recovery towards 2021, with an easing of lockdown restrictions.

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Who wins?

In its latest report, Future Market Insights has provided a detailed overview of the business strategies that have been observed in the Hydrazine Hydrate market. Major market players in the industry have heavily invested their resources in research and development efforts for the development of optimized production technologies. Strategic acquisitions and capacity expansions are gaining importance in the hydrazine hydrate sector.

Hunan Zhuzhou Chemical Industry Group Co Ltd., Otsuka-MGC Chemical Company Inc., Tangshan Chenhong Industrial Co. Ltd., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co. Inc., Yibin Tianyuan Group Co. Ltd., LANXESS and Japan FineChem Company are some of the prominent players in the hydrazine hydrate market.

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About Future Market Insights (IMF)

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