Global Hydrazine Market Outlook to 2030 – Rising Demand from End-Use Industries Such as Polymers, Pesticides, Pharmaceuticals and Water Treatment Drives Growth – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Hydrazine Market by Application: Global Opportunity Analysis and Industry Forecast, 2020-2030” has been added to from ResearchAndMarkets.com offer.

According to Verified Market Research, Global Hydrazine Market was valued at USD 510.95 Million in 2020 and is projected to reach USD 806.09 Million by 2030, growing at a CAGR of 4.71% from 2021 to 2030.

Hydrazine is a toxic, colorless sensitizer. In anhydrous form, it is irritating, damaging the central nervous system and causing seizures and tumors. Unlike ammonia, it has a pungent odor and is a strong, highly explosive reducing agent in an unstable state. This chemical is mainly used for water treatment and polymerization. It is also used in the manufacture of gas precursors for automotive airbags and as rocket fuel.

The global hydrazine market is primarily driven by growing demand from end-use industries such as polymers, pesticides, pharmaceuticals, and water treatment. Hydrazine is mainly used as a water treatment, polymerization and foaming agent. Growth in the aerospace industry and increase in space exploration over the past few years is expected to drive the market over the forecast period.

Additionally, rapid urbanization, growing global population, changing climatic conditions and dwindling arable land have led to food shortages and increased demand for pesticides in agriculture, which is driving the growth of the market. Additionally, the use of hydrazine is increasing due to strict government policies on the use of flammable fuels to reduce carbon emissions to the environment. As an agent for many transition metals and non-metals such as arsenic, selenium, tellurium, uranium and plutonium, it has a wide range of applications in industry.

Hydrazine is used to extract precious ores and refine metals such as gold, platinum and silver as part of the refining process. Using hydrazine for purification results in faster recovery and higher purity. Wastewater treatment uses hydrazine to remove pollutants and heavy metals.

This improves the productivity, selectivity and reliability of wastewater treatment applications. Exposure to hydrazine causes headaches, nausea, and throat irritation. Health concerns are expected to hamper the growth of the hydrazine market and pose challenges for industry players during the forecast period. Rising demand for fuel cells and rise in the use of hydrazine in the pharmaceutical industry as an intermediate is expected to open up new avenues and provide favorable opportunities for industry players over the course of of the forecast period.

COVID-19 impact analysis:

COVID-19 has severely affected the global economy with devastating effects on global trade, which has simultaneously affected households, businesses, financial institutions, industrial establishments and infrastructure companies. International trade restrictions and lockdown regulations in the chemical industry are expected to limit near-term market demand.

Additionally, foam manufacturers are forced to shut down or limit production processes for non-essential applications. However, the demand for hydrazine hydrate in the pharmaceutical and water treatment segments is not expected to be affected by the coronavirus crisis. Applications as pharmaceutical intermediates and demand for drinking water should help partially mitigate the losses occurring during this period.

Main benefits for stakeholders

  • This report provides a detailed quantitative analysis of the current Hydrazine market trends and estimates from 2020 to 2030, which helps in identifying existing opportunities.

  • An in-depth analysis of the Hydrazine market across the globe is expected to provide a detailed understanding of current trends to enable stakeholders to formulate specific plans.

  • A comprehensive analysis of factors driving and restraining market growth is provided.

  • The market conditions by region and country are analyzed in detail in this report.

  • The projections in this report are made by analyzing the current trends and future potential of the market from 2020 to 2030 in terms of value.

  • An in-depth analysis of various regions provides insights that should enable businesses to strategically plan their trade moves.

Key market segments

By request

  • Water treatment

  • Bulking agents

  • Agrochemicals

  • Others

  • Medications

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • Italy

  • UK

  • Spain

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Saudi Arabia

  • South Africa

  • Rest of LAMEA

Main market players

  • Arkema Inc.

  • Bayer AG

  • let’s plc

  • Fine Chemicals Arrow

  • Arch Chemicals Inc.

  • Nippon Carbide Industries Co. Inc.

  • Japanese company Finechem

  • Lanxess AG

  • Lansdowne Chemicals

  • Hidkim

For more information about this report visit https://www.researchandmarkets.com/r/2zfhfp

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