Albany, NY -- (SBWIRE) -- 12/20/2016 -- Hydrazine hydrate is an inorganic compound that is commercially manufactured and used in different types of end-user industries. The manufacturing procedure for hydrazine hydrate involves three processes and the use of raw materials such as acetone, ammonia, sodium hypochlorite, hydrogen peroxide, and other catalysts. The main use of hydrazine hydrate, is as a blowing agent in the polymer industry. Hydrazine hydrate is also used in pharmaceutical and agrochemical industries. The global hydrazine hydrate market was pegged at US$350.0 million in 2013 and estimated to reach US$536.3 million translating into a CAGR of 4.9% between 2014 and 2022.

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Polymerization and Blowing Agents are Leading Ed-Use Segments

Hydrazine hydrate market is bifurcated into market segments such as end-user segments, raw material, and by geographical regions. Among the end-user segment such as pharmaceuticals, agrochemicals, water treatment, and polymerization and blowing agents, the polymerization and blowing agents sub-segment had the largest market share with approximately 35% in 2013. This segment is predicted to expand at a CAGR of 4.3% during 2013 to 2020. Other end-user segments such as water treatment and agrochemicals are expected to increase their market share significantly over the next few years. In the agrochemicals segment, market escalation for hydrazine hydrate is expected during the coming years due to intermediates used in production of fungicides and insecticides.

Asia Pacific Top Regional Market for Hydrazine Hydrate Due to Demand in Polymer Industry

Geographical segmentations for hydrazine hydrate are North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific had a 55% market share for hydrazine hydrate in 2013 and was the largest market regionally. The heightened need for hydrazine hydrate in the polymer industry as a blowing agent is anticipated to propel the market growth in the Asia Pacific region. This market position is anticipated to continue over the next eight years and the Asia Pacific region is transforming into the most rapidly growing market for hydrazine hydrate, globally. Additionally, China is manufacturing hydrazine hydrate in large quantities is able to meet the local demand from the polymer industry for manufacturing of azodicarbonamide (ADC).

North America, Europe Report Steady Growth Pace; Expansion Expected in Latin America and Middle East Due to Industry Needs

The carcinogenic properties of hydrazine hydrate and environmental related problems will lead to a moderate growth pace in North America and Europe over the next few years. In Latin America, the hydrazine hydrate market is anticipated to expand substantially over the coming years because of its demand in agrochemicals and water treatment industries. In the Middle Eastern countries, considerable growth in the hydrazine hydrate market is expected due to polymer and agrochemical industry expansion.

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The overall market outlook remains positive, with augmented demand for hydrazine hydrate and its byproducts from the polymer industry. This factor will amplify market growth for hydrazine hydrate worldwide. Market restraints for hydrazine hydrate are environment-related problems and the cancer causing properties of hydrazine hydrate. Major manufacturers of hydrazine hydrate include Japan FineChem Inc., Arkema SA, Weifang Yaxing Chemical Co Ltd., Otsuka-MGC Chemical Company Inc., Nippon Carbide Industries Co Inc., LANXESS, Lonza Group Ltd., Hunan Zhuzhou Chemical Industry Group Co. Ltd., Yibin Tianyuan Group Co. Ltd., and Tanshang Chenhong Industrial Co Ltd.

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