Press release
Hydrazine hydrate Market is expected to witness Incredible Growth during 2022-2031 | Yibin Tianyuan Group Co. Ltd., Japan FineChem Company Inc., LANXESS, Nippon Carbide Industries Co Inc
Hydrazine hydrate Market
Hydrazine hydrate is an inorganic compound with the chemical formula N2H4·H2O. It is a colorless, highly corrosive, and flammable liquid. Hydrazine hydrate is used as a rocket propellant and in the production of explosives, plastics, and pharmaceuticals. It is also used as a corrosion inhibitor and in the treatment of boiler water.
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Hydrazine hydrate is a strong reducing agent and reacts violently with oxidizing agents. It is also corrosive to metals and tissue. Ingestion of hydrazine hydrate can cause vomiting, diarrhea, and convulsions. Exposure to the vapors can cause irritation of the eyes, nose, and throat. Inhalation of high concentrations of hydrazine hydrate can cause pulmonary edema.
Market Segmentation
The Hydrazine Hydrate Market is segmented by concentration, application, and region. By concentration, the market is classified into 24-35%, 40-55%, 60-85% and 100%. By application, the market is divided into polymerization & blowing agents, water treatment, agrochemicals, pharmaceuticals, and others. By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
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Key Drivers
The key drivers of the hydrazine hydrate market are the growing demand for agricultural chemicals and the increasing use of hydrazine hydrate as a rocket propellant.
The demand for hydrazine hydrate is also driven by its use as a corrosion inhibitor and a water treatment chemical.
The market is further driven by the growing demand for urea-based fertilizers and the increasing use of hydrazine hydrate as a fuel additive.
Key Players
The key players in the Hydrazine Hydrate Market are Otsuka-MGC Chemical Company Inc., Arkema SA, Weifang Yaxing Chemical Co Ltd., Yibin Tianyuan Group Co. Ltd., Japan FineChem Company Inc., LANXESS, Nippon Carbide Industries Co Inc., Lonza Group Ltd., HPLA Group, and Hunan Zhuzhou Chemical Industry Group Co. Ltd.
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