Hydrazine Market by Application (Pharmaceuticals, Water Treatment, Blowing Agents, Agrochemicals, and Others)

Hydrazine is a toxic, colorless sensitizer and irritant in its anhydrous form, which damages the central nervous system and causes seizures and tumors. It has a pungent smell and is a powerful reducing agent. It is highly explosive in unstable state. Hydrazine is mainly used during polymerization and for the treatment of water. It is also used as rocket fuel and for the preparation of gas precursors used in air bags in automobiles. Moreover, hydrazine is used in space vehicles in the form of propellant to reduce the overall concentration of dissolved oxygen. In addition, it finds major use in industrial boilers to control the pH of water.

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The production of hydrazine involves various processes such as Raschig process, urea process, and H2O2 process. Among all these, the Raschig process is the most widely used process for the commercial production of hydrazine. The chemical majorly finds its application in the production of foaming agents, such as azodicarbonamide. When azodicarbonamide is bubbled via a liquid polymer precursor, it decomposes to nitrogen, carbon monoxide, carbon dioxide, and ammonia thermally. Hence, these gases further form bubbles in the hydrazine liquid and thus polymerize to leave a foamy and lightweight plastic.

At present, the global hydrazine market witnesses vivid opportunities due to rise in demand for polymer foams in the polymer industry. The global hydrazine market is expected to account for $485 million by 2022, registering a CAGR of 6.5% from 2016 to 2022.

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Different applications of hydrazine in products such as foamed core pipes, food containers, structural foam, wood grain furniture, and vinyl sheets is another factor anticipated to propel the growth of the global hydrazine market during the forecast period. In addition, growth in need for agrochemicals due to rise in demand for high quality agricultural products especially for food is another key aspect that drives the global hydrazine market. Geographically, Asia-Pacific and North America are the key regions in this market and are slated to foresee significant growth owing to increase in applications of hydrazine as a precursor to blowing agent in the polymer industry. However, extreme toxicity of hydrazine is one of the key elements anticipated to pose serious threat to the global hydrazine market. Furthermore, various environmental and industry regulations imposed by the National Institute for Occupational Safety and Health and OSHA, USA is also a major restraint in the global market.

The report segments the global hydrazine market on the basis of application and geography. On the basis of application, it is classified into pharmaceuticals, water treatment, blowing agents, agrochemicals, and others. Geographically, the global hydrazine market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Leading market players have invested huge capital in R&D activities to develop advanced products to cater to the demand of end users. The major players in the industrial explosives market are:

Arkema Inc.
Bayer AG
Fisons plc
Arrow Fine Chemicals
Arch Chemicals, Inc.
Nippon Carbide Industries Co. Inc.
Japan Finechem Company, Inc.
Lanxess AG
Lansdowne Chemicals
Hidkim.
KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current and emerging market trends and opportunities in the global hydrazine market.
The report includes a detailed qualitative and quantitative analysis of the current market estimations during the forecast period to determine the prevailing market opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Comprehensive regional analysis based on primary as well as secondary sources is also offered.
Extensive analysis of the market is conducted by following key product positioning and by monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions.
The report furnishes key insights on strategic analysis of various companies as well as value chain analysis of the hydrazine market.
KEY MARKET SEGMENTS

By Application

Pharmaceuticals
Water Treatment
Blowing Agents
Agrochemicals
Others
By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
Spain
France
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Other players in the value chain (profiles not included in the report) include

Chemtex Specialty Limited
Palm Commodities International Inc.
Seidler Chemical Company
Charkit Chemical Corporation
BOC Sciences
Spacechem LLC
GFS Chemicals Inc.
Chemicals Incorporated
Haviland Enterprises Inc.
Layson Bio, Inc.
Spectrum Chemicals and Laboratory Products
Mil-Spec Industries Corp.
*The above list of companies is not profiled in the report, and can be added based on client interest.

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