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Rising demand for hydrazine hydrate in Asia Pacific contributes to the high growth of this market

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Rohna Patnakar
Rising demand for hydrazine hydrate in Asia Pacific contributes to the high growth of this market

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% from 2017 to 2022.

Browse 147 Market Data Tables and 36 Figures spread through 159 Pages and in-depth TOC on "Hydrazine Hydrate Market”.

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The market is driven by the increased demand for hydrazine hydrate from various applications, such as polymerization & blowing agents, agrochemicals, water treatment, and pharmaceuticals. The increasing use of hydrazine hydrate and its derivatives as foaming agents in the plastic industry also acts as a major factor driving the global hydrazine hydrate market.

Hydrazine hydrate is a highly reactive, powerful, colourless, and highly explosive unstable inorganic chemical compound. Owing to its high reactivity, hydrazine hydrate is used in various industrial applications. Hydrazine hydrate is used in polymerization & blowing agents, water treatment, agrochemicals, and pharmaceuticals applications. These applications drive the hydrazine hydrate market, globally.

In 2016, the polymerization & blowing agents segment accounted for the largest market share of the global hydrazine hydrate and is expected to continue to lead during the forecast period. With growing demand for polymer products in various applications in automobile, electronic gadgets, and footwear industries, the demand for hydrazine hydrate in the polymers & blowing agents segment is likely to increase significantly in the coming years.

Based on concentration level, the 60%-85% segment is projected to grow at the highest CAGR between 2017 and 2022. The 60%-85% concentration level hydrazine hydrate is majorly used in chemical synthesis, manufacturing of veterinary drugs, polymerization process initiation, or as a blowing agent. It is expected to be the fastest-growing concentration level segment of the hydrazine hydrate market, in terms of value, during the forecast period due to its ability to manufacture hydrazine salts from inorganic acids.

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Rising demand for hydrazine hydrate in Asia Pacific contributes to the high growth of this market

In 2016, Asia Pacific accounted for the largest share of the global hydrazine hydrate market, and is expected to grow at the highest CAGR between 2017 and 2022. Currently, China is the largest market for hydrazine hydrate in Asia Pacific, and is expected to continue to lead till 2022. In China and India, the demand for hydrazine hydrate is expected to increase due to the growing agrochemicals industry and rapid economic growth.

Key companies profiled in the global hydrazine hydrate market research report include Arkema, LANXESS, Lonza, Otsuka-MGC Chemical Company, Yaxing Chemical, Yibin Tianyuan Group, HPLA Group, and Hunan Zhuzhou Chemical Group.

 

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