Albany, NY -- (SBWire) -- 10/18/2018 --Hydrazine hydrate is an inorganic compound used in various end-user industries owing to its wide range of chemical properties. Hydrazine hydrate is commercially manufactured using three production processes such as Olin-Raschig process, Bayer-Ketazine process and Peroxide process. These production process use various raw materials such as ammonia, hydrogen peroxide, sodium hypochlorite and acetone along with catalysts. Hydrazine hydrate is majorly used in polymer industry as blowing agent. The application of hydrazine hydrate in polymer industry is likely to act as a major driver to the hydrazine hydrate market in the next eight years. Moreover, the application of hydrazine hydrate in agrochemicals and pharmaceutical for manufacturing intermediates is also expected to improve the demand for hydrazine hydrate during the forecast period. In terms of revenue, the global hydrazine hydrate market was valued at US$ 350.0 Mn in 2013 and is projected to reach US$ 536.3 Mn by 2022, expanding at a CAGR of 4.9% from 2014 to 2022.
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In terms of end-user segments, polymerization and blowing agents segment was the largest end-user segment with market share of more than 35% in 2013. Polymerization and blowing agents is expected to be the fastest growing segment of the hydrazine hydrate market, expanding at CAGR of 4.3% from 2013 to 2020. Agrochemicals and water treatment end-users are also anticipated to have significantly high share in the market in the next few years. Production of intermediates used in of insecticides and fungicides is estimated to boost the demand for hydrazine hydrate in the agrochemical market in the near future.
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Major manufacturers of hydrazine hydrate include Otsuka-MGC Chemical Company Inc., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co Inc., Tanshang Chenhong Industrial Co Ltd., LANXESS, Japan FineChem Inc., Hunan Zhuzhou Chemical Industry Group Co. Ltd and Yibin Tianyuan Group Co. Ltd.
Hydrazine Hydrate Market to Reach US 536.3 Million by 2022 - TMR