Hydrazine Hydrate Market Analysis

Global Hydrazine Hydrate Market Overview

The Hydrazine Hydrate Market Size was valued at USD 0.55 Billion in 2023. The Hydrazine Hydrate industry is projected to grow from USD 0.58 Billion in 2024 to USD 0.90 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.85% during the forecast period (2024 - 2032). Hydrazine hydrates a type of water-soluble that is used as both nitrogen and water. Hydrazine is a colorless solution. Also, it is a combination of both sodium and hyper chloride. The agriculture and explosives market have higher usage of this hydrate agent. The major operation of this product is to resist corrosion in products. It protects the boiler tubes from corrosion by creating a hard magnetic outer layer. It is a chemical that can react with soft hematite layers of tubes. Water treatment applications have a higher need for this product. It is a crucial component in boiler water treatment. The demand for the market is surging due to its application in water treatment markets. It is essential in high-pressure and high-purity systems.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hydrazine Hydrate Market Trends

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  Growing demand for polymerization and blowing agents

  
  

The hydrazine hydrate industry has an increasing demand for polymer foams. Hydrazine hydrate is also utilized in the production of rubber and plastic compounds. The polymerization equipment with low-temperature blowing agents. Hydrazine hydrates derivatives such as azobisisobutyronitrile and azodicarbonamide during this process. As a result, the need for hydrazine hydrate in the polymer sector is increasing, propelling the hydration hydrate market forward. These blowing agents' sector holds the highest shares. The demand for the diver will create high revenue. The need for polymer goods in various applications in end-user industries is growing. Automobiles, electrical devices, and footwear are boosting growth. The demand from the pharmaceutical sector is expected to be the crucial market driver. The colorless hydrazine hydrate is used in many clinical drugs and other pharmaceutics products. As it is colorless the agent is useful in many products. The demand and investment from pharmacies will contribute to high revenue rates.

In April 2024, AB Biotek Human Nutrition and Health (HNH) introduced a novel microencapsulated component with optimized DAO (diamine oxidase) enzyme delivery, enabling its first combination with other functional substances.

The ingredient provider introduced adiDAO microencapsulated, DAO protected by two food-grade coating layers utilizing a mixture of coating methods.

“We created protective layers to maintain resistance until reaching the targeted intestine area,” said Jordi Cuñé, R&D Manager, AB Biotek HNH. “These layers dissolve naturally in the body, releasing DAO enzymes where needed.”

Hydrazine Hydrate Market Segment Insights

Hydrazine Hydrate Concentration Level Insights

The market segmentation, based on Concentration Level, includes 100%, 40-55%, 60-85%, and 24-35%. The 60-85% segment may dominate the market. Hydrazine hydrate in the 60-85% concentration range is used as a key intermediate in the production of various chemicals such as pharmaceuticals, agrochemicals, blowing agents, and water treatment chemicals. It is also used in the production of polymerization catalysts and as a corrosion inhibitor in metal pickling.

Hydrazine Hydrate Application Insights

Based on Application, the global market segmentation includes Polymerization & Blowing Agents, Pharmaceuticals, Water Treatment, Agrochemicals, and Others. The Polymerization & Blowing Agents application is holding the largest market share. Hydrazine hydrate is widely used as a polymerization catalyst in the production of polymer foams, such as those used in insulation, packaging, and cushioning materials. It is also used as a blowing agent in the production of polymer foams, where it generates gas bubbles to create a foam structure. These applications require high-purity hydrazine hydrate, which is typically produced through a process known as the Raschig process.

Figure 2: Hydrazine Hydrate Market, by Concentration Level, 2022 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hydrazine Hydrate Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is projected to account for the largest share and is expected to be the fastest-growing due to the increasing consumer demand for hydrazine hydrate in agrochemicals and water treatment. China was the leading country in this region, due to a large consumer base, increasing purchasing power, and growing demand for pesticides and insecticides.

The European market held a significant market share due to the presence of leading manufacturing companies, such as Arkema Group, LANXESS, and Lonza. Germany, France, and Switzerland are the major contributors to regional market growth.

The North American market is projected to grow at a healthy CAGR owing to the surging demand for the product in pharmaceuticals and polymerization and blowing agent segments. The US and Canada are the major countries attributing to the regional market growth. The Latin American market is expected to register moderate growth during the forecast period. The market for the Middle East & Africa is projected to witness sluggish growth during the review period due to the limited availability of raw materials.

Figure 3: HYDRAZINE HYDRATE MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Hydrazine Hydrate Key Market Players & Competitive Insights

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Hydrazine Hydrate industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Hydrazine Hydrate industry to benefit customers and expand the market sector. Major market players, including Nippon Carbide Industries Co Inc, Arkema Group, Lanxess, Lonza, Weifang Yaxing Chemical Co Ltd, and others, are attempting to increase market demand by funding R&D initiatives.

Arkema is a global specialty chemicals and advanced materials company headquartered in Colombes, France. The company produces a wide range of products, including adhesives, coatings, resins, polymers, and specialty chemicals. Its product portfolio is organized into three main business segments: Adhesive Solutions - this segment produces adhesives for a variety of industrial applications, including automotive, construction, and consumer goods. Advanced Materials - this segment produces high-performance materials such as technical polymers, specialty resins, and additives for a wide range of industries including aerospace, electronics, and oil and gas. Coating Solutions - this segment produces coatings for the automotive, aerospace, and industrial markets.

Lanxess is a global specialty chemicals company. The company produces a wide range of products, including chemical intermediates, additives, and specialty chemicals. Its product portfolio is organized into three main business segments: Specialty Additives - this segment produces additives for various industrial applications, such as lubricants, fuels, and plastics. Performance Chemicals - this segment produces specialty chemicals for a variety of industries, including agriculture, construction, and electronics. Engineering Materials - this segment produces high-performance plastics and elastomers for the automotive, electrical, and construction industries.

Key Companies in the Hydrazine Hydrate market include

• Otsuka-MGC Chemical Company Inc


• Japan Finechem Inc


• NIPPON CARBIDE INDUSTRIES CO INC


• Arkema Group


• LANXESS


• Lonza


• Weifang Yaxing Chemical Co Ltd


• Capot Chemical Co. Ltd


• Anbros Consultants And Engineers


• Arrow Fine Chemicals

Hydrazine Hydrate Industry Developments

January 2023 Arkema signed a long-term agreement with ENGIE for the supply of 300 Gwh/year of renewable biomethane in France.

January 2023 LANXESS and TotalEnergies agreed to cooperate on sustainable styrene.

November 2022 Arkema increased its bio-based offer with a new range of mass balance acrylic materials.

Hydrazine Hydrate Market Segmentation

Hydrazine Hydrate Concentration Level Outlook

• 100%


• 40-55%


• 60-85%


• 24-35%

Hydrazine Hydrate Application Outlook

• Polymerization & Blowing Agents


• Pharmaceuticals


• Water Treatment


• Agrochemicals


• Others

Hydrazine Hydrate Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America