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Hydrazine Hydrate Market To Touch US536.3 Million by 2022 due to Heavy Use in Polymer Industry
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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.
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