Global Hydrazine Hydrate Market report from Global Insight Services is the single authoritative source of intelligence on Hydrazine Hydrate Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the 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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Key Trends
The aerospace industry is the largest end-user of hydrazine hydrate. It is used as a rocket propellant and as a component in aircraft deicing and anti-icing fluids. The demand for hydrazine hydrate from the aerospace industry is expected to grow during the forecast period, owing to the increasing demand for commercial aircraft and the growing demand for space exploration.
The defense sector is the second-largest end-user of hydrazine hydrate. It is used as a propellant in missiles and as a component in aircraft deicing and anti-icing fluids. The demand for hydrazine hydrate from the defense sector is expected to grow during the forecast period, owing to the increasing demand for military aircraft and the growing demand for green propellants.
The market for hydrazine hydrate is expected to be restrained by the stringent regulations regarding the handling and disposal of hydrazine hydrate. Hydrazine hydrate is a highly toxic and corrosive chemical and strict regulations are in place for its handling and disposal. This is expected to hamper the growth of the hydrazine hydrate market during the forecast period.
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.
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 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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