Exploring the Global Hydrazine Hydrate Market Trends and Forecasts

Posted by Jack Martin on April 11th, 2023

The global hydrazine hydrate market was valued at USD 531.1 Million by 2022, at a CAGR of 5.5%. The market is driven by the increased demand for hydrazine hydrate from various applications, such as polymerization & blowing agents, agrochemicals, water treatment, and pharmaceuticals. The increasing use of hydrazine hydrate and its derivatives as foaming agents in the plastic industry also acts as a major factor driving the global hydrazine hydrate market.

Among various applications, polymerization & blowing agents is estimated to be the largest application of the global hydrazine hydrate market. In the polymerization & blowing agents segment, hydrazine hydrate is used to manufacture plastics and rubber chemicals. Derivatives of hydrazine hydrates such as azobisisobutyronitrile and azodicarbonamide are used as polymerization initiators and low-temperature blowing agents. In addition, there are several other hydrazine-based chemical blowing agents such as benzene and toluene sulfonyl hydrazide, which are used in low-temperature applications.

The 60%-85% segment is projected to be the fastest-growing concentration level segment of the market between 2017 and 2022. The 60%-85% concentration level of hydrazine hydrate is used as a propellant in emergency power units (EPU) on the F16 and other single-engine aircraft. It is expected to be the fastest-growing concentration level segment of the hydrazine hydrate market, in terms of value, during the forecast period due to its ability to manufacture hydrazine salts from inorganic acids. The application of a 60%-85% concentration grade of hydrazine hydrate in fuel cells as an effective substitute to hydrogen and oxygen is expected to present many opportunities to hydrazine hydrate manufacturers.

Key companies profiled in the global hydrazine hydrate market research report include Arkema, LANXESS, Lonza, Otsuka-MGC Chemical Company, Yaxing Chemical, Yibin Tianyuan Group, HPLA Group, and Hunan Zhuzhou Chemical Group.