Hydrazine Market Size, Latest Trends, Key Players, Revenue, Report, and Forecast 2031 | Hidkim, Lansdowne Chemicals, Japan Finechem Company

The global hydrazine market size was US$ 510.9 million in 2021. The global hydrazine market size is estimated to reach US$ 772.4 million by 2030, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.

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Hydrazine in its anhydrous form is a colorless, toxic, irritant and sensitizer, which harms the central nervous system and causes tumors and seizures. It has a strong odor and is a strong reducing agent. It is ignitable in an unstable condition. It is mainly utilized for water treatment and polymerization. It is also used for manufacturing gas prototypes used in airbags in automobiles and as rocket fuel. In addition, hydrazine is operated in space vehicles as a catalyst to decrease the overall concentration of liquefied oxygen. Furthermore, it functions industrial boilers to maintain the pH level of water.

Factors Influencing Market Growth

The increase in the requirement for polymer foams in the polymer sector boosts the overall market growth.
Various uses of hydrazine in products like foamed food containers, core pipes, wood grain furniture, structural foam, and vinyl sheets drive the overall market expansion.
The increase in the demand for agrochemicals, due to the increase in the requirement for high-quality farming products, particularly for food is a primary factor boosting the overall market growth.
The existence of severe toxicity of hydrazine is expected to hinder the expansion of the overall market.

Effect of the COVID-19 Pandemic

The COVID-19 outbreak adversely affected the growth of the overall market and the global economy with harsh effects on global trade, which has impacted businesses, households, industrial establishments, financial institutions, and infrastructure companies. Regulations on global trade and lockdown regulations on operations of the chemicals industry are predicted to restrict short-term needs in the market. Also, foam manufacturers are being forced to limit or shut down manufacturing operations for non-essential applications. Thus, hindering the growth of the overall market growth.

Regional Insights

Asia-Pacific dominated the expansion of the overall market. This is attributed to an area with the highest consumption which has the largest farming locations globally of the total arable ground of the globe, thus, showing a constant need for agrochemicals. An antibiotic for the treatment of Tuberculosis called Isoniazid is prepared using hydrazine in the pharmaceutical sector thus, these factors drive the overall market expansion in the region.

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Leading Competitors

The prominent players in the global hydrazine market are:
Hidkim
Lansdowne Chemicals
Japan Finechem Company
Nippon Carbide Industries
Lanxess Ag
Arch Chemicals
Arrow Fine Chemicals
Fisons Plc
Bayer Ag
Arkema
Others

Segmentation Analysis

The global hydrazine market segmentation focuses on Application and Region.

Segmentation on the basis of Application
Pharmaceuticals
Water Treatment
Blowing Agents
Agrochemicals
Others

Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain

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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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This release was published on openPR.