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Hydrazine Hydrate Market - What Are the Main Factors That Contributing Towards Water Treatment Industry Growth?

Author : Ronak Bora | Published Date : 2019-08-06 
Hydrazine Hydrate Market is likely to register a healthy CAGR in the near future driven by its wide range of applications in water treatment industry and the pharmaceutical industry. The exceeding use of hydrazine hydrate in producing veterinary drugs and for curing tuberculosis is expected to influence the global market. With new developments in the application sector of the product in manufacture of clean and eco-friendly fuel cells, a new window for growth is expected in the future.
 
With increasing food demand owing to the escalating global population, the agrochemical industry will act as a major driver for hydrazine hydrate market share growth. The growing use of agrochemicals in order to increase the crop yield and improve the quality of agricultural products to meet the demand of over 7 billion people in the world will have a great influence on product development. With its extensive usage to manufacture pyrazole and pyrazole derivatives, hydrazine hydrate is very useful in the pesticides industry. In 2015, the agrochemical market was worth USD 70 billion with a decent growth rate over the forecast timeframe.

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Steady growth in the polymer industry is expected to propel the global hydrazine hydrate market size, with its primary usage as a precursor to blowing agents in polymer foams. In 2015, polymer foam industry accounted for a volume of more than 2 million tons all over the world and will cross 3 miliion tons by 2024. With varied application of polymer foams in construction, automotive, packaging, or furniture industries, the market is forecast to have a healthy growth in the forecast timeframe.

Asia Pacific hydrazine hydrate industry led the global market in 2015, covering almost 35% of the total volume. High hydrazine hydrates demand in polymer and agrochemical industries is catering the regional market growth. Heavy manufacturing and production base in India, China, and Southwest Asian countries is encouraging the regional market expansion.  With blowing agents and polymerization as the prime growing segments, APAC hydrazine hydrate market is slated to record highest growth rate in the next seven years, with a revenue projection of USD 300 million by 2024.Till late 90’s, the industry was mainly dominated by North American countries.  However, following the implementation of stringent regulatory norms by the government in regard to the minimal usage of the product, due to the associated health hazards, North America hydrazine hydrate market had experienced a downfall pertaining to its growth rate.

Global hydrazine hydrate market is highly consolidated with leading market players accounting for almost half of the overall share. With a diversified application forum, this market is set to witness massive growth in future. Some of the prominent industry participants include Yibin Tianyuan, Lonza Group, Arkema SA, Otsuka-MGC, LANXESS, and Weifang YAXING Chemical.

Glimpse of Table of Content (ToC)

Chapter 3.   Hydrazine Hydrate Market Insights

3.1.   Hydrazine Hydrate Market segmentation

3.2.   Hydrazine Hydrate Market size and forecast, 2013 - 2024

3.3.   Hydrazine Hydrate Market ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor matrix

3.4.   Hydrazine hydrate industry impact forces

3.4.1.    Growth drivers

3.4.1.1. Strong outlook for polymer foams in polymer industry

3.4.1.2. Rising demand in agrochemical industry

3.4.2.    Industry pitfalls & challenges

3.4.2.1. Health and environmental hazards associated with hydrazine hydrate

3.5.   Growth potential analysis

3.6.   Porter's analysis

3.7.   Company market share analysis, 2015

3.7.1.    Strategic landscape

3.8.   PESTEL analysis

3.9    Regional price trends

3.9.1.    Cost structure analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/hydrazine-hydrate-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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