The global hydrazine market was valued at $510.95 million in 2020, and is projected to reach $806.09 million by 2030, growing at a CAGR of 4.71% from 2021 to 2030.
Hydrazine is a toxic and colorless sensitizer. In the 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 powerful reducing agent that is highly explosive in an unstable state. This chemical is mainly used for water treatment and polymerization. It is also used in manufacture of gas precursors for automobile airbags and as rocket fuel.
The global hydrazine market is driven primarily by increasing demand from end-use industries such as polymers, pesticides, pharmaceuticals, and water treatments. Hydrazine is mainly used as a water treatment, polymerization, and foaming agent. Growth of the aerospace industry and increase in space exploration in recent years are expected to drive the market during the forecast period. In addition, rapid urbanization, growing world population, changing climatic conditions, and declining arable land have led to food shortages and increased demand for pesticides in agriculture, which drives the market growth. In addition, hydrazine use is increasing due to strict policies by governments on use of flammable fuels to reduce carbon emissions to 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 the industry.
Hydrazine is used to extract precious ores and refine metals such as gold, platinum, and silver as part of refining process. Use of hydrazine for purification results in faster recovery and higher purity. Wastewater treatment uses hydrazine to remove pollutants and heavy metals. This improves productivity, selectivity, and reliability of wastewater treatment applications. Exposure to hydrazine causes headaches, nausea, and throat irritation. Health concerns are expected to impede growth of the hydrazine market and pose challenges for industry participants during the forecast period. Increase in demand for fuel cells and rise in use of hydrazine in the pharmaceutical industry as an intermediate is expected to open new avenues and provide favorable opportunities for industry participants during the forecast period.
The global hydrazine market is segmented on the basis of application and region.
By application, the hydrazine market is classified into halocarbons pharmaceuticals, water treatment, agrochemicals, blowing agents, and others. The global hydrazine market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share of the total revenue in 2020, followed by North America and Europe. High adoption of hydrazine products in the region would continue to propel the hydrazine market size, owing to presence of huge population base and presence of many developing countries in this region.
Key players operating in the global hydrazine 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, and Hidkim. The other players in the value chain 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, and Mil-Spec Industries Corpare competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the hydrazine market during the forecast period.
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. Restrictions on international trade and lockdown regulations on operations of the chemicals industry are projected to limit short term demand in the market. Further, foam manufacturers are being forced to shut down or limit production processes for non-essential applications. However, demand for hydrazine hydrate in pharmaceutical and water treatment segments are unlikely to be affected by the coronavirus crisis. Applications as pharma intermediates and demand for potable water are expected to help to partially mitigate any losses arising during this time.
Hydrazine is a toxic and colorless sensitizer. In the 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 powerful reducing agent that is highly explosive in an unstable state. This chemical is mainly used for water treatment and polymerization. It is also used in manufacture of gas precursors for automobile airbags and as rocket fuel.
The global hydrazine market is driven primarily by increasing demand from end-use industries such as polymers, pesticides, pharmaceuticals, and water treatments. Hydrazine is mainly used as a water treatment, polymerization, and foaming agent. Growth of the aerospace industry and increase in space exploration in recent years are expected to drive the market during the forecast period. In addition, rapid urbanization, growing world population, changing climatic conditions, and declining arable land have led to food shortages and increased demand for pesticides in agriculture, which drives the market growth. In addition, hydrazine use is increasing due to strict policies by governments on use of flammable fuels to reduce carbon emissions to 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 the industry.
Hydrazine is used to extract precious ores and refine metals such as gold, platinum, and silver as part of refining process. Use of hydrazine for purification results in faster recovery and higher purity. Wastewater treatment uses hydrazine to remove pollutants and heavy metals. This improves productivity, selectivity, and reliability of wastewater treatment applications. Exposure to hydrazine causes headaches, nausea, and throat irritation. Health concerns are expected to impede growth of the hydrazine market and pose challenges for industry participants during the forecast period. Increase in demand for fuel cells and rise in use of hydrazine in the pharmaceutical industry as an intermediate is expected to open new avenues and provide favorable opportunities for industry participants during the forecast period.
The global hydrazine market is segmented on the basis of application and region.
By application, the hydrazine market is classified into halocarbons pharmaceuticals, water treatment, agrochemicals, blowing agents, and others. The global hydrazine market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share of the total revenue in 2020, followed by North America and Europe. High adoption of hydrazine products in the region would continue to propel the hydrazine market size, owing to presence of huge population base and presence of many developing countries in this region.
Key players operating in the global hydrazine 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, and Hidkim. The other players in the value chain 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, and Mil-Spec Industries Corpare competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the hydrazine market during the forecast period.
COVID-19 Impact Analysis:
COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. Restrictions on international trade and lockdown regulations on operations of the chemicals industry are projected to limit short term demand in the market. Further, foam manufacturers are being forced to shut down or limit production processes for non-essential applications. However, demand for hydrazine hydrate in pharmaceutical and water treatment segments are unlikely to be affected by the coronavirus crisis. Applications as pharma intermediates and demand for potable water are expected to help to partially mitigate any losses arising during this time.
Key Benefits For Stakeholders
- This report provides a detailed quantitative analysis of the current hydrazine market trends and estimations from 2020 to 2030, which assists to identify prevailing opportunities.
- An in-depth analysis of hydrazine market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
- A comprehensive analysis of factors that drive and restrain growth of the market is provided.
- Region wise and country wise market conditions are comprehensively analyzed in this report.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Key Market Segments
By Application
- Water Treatment
- Blowing Agents
- Agrochemicals
- Others
- Pharmaceuticals
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Ksa
- South Africa
- Rest of LAMEA
Key Market Players
- ARKEMA INC.
- BAYER AG
- FISONS PLC
- ARROW FINE CHEMICALS
- ARCH CHEMICALS INC.
- NIPPON CARBIDE INDUSTRIES CO. INC.
- JAPAN FINECHEM COMPANY
- LANXESS AG
- LANSDOWNE CHEMICALS
- HIDKIM
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDRAZINE MARKET, BY APPLICATION
CHAPTER 5: HYDRAZINE MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Hydrazine Market,' the hydrazine market size was valued at $510.95 million in 2020, and is estimated to reach $806.09 million by 2030, growing at a CAGR of 4.71% from 2021 to 2030.Hydrazine is a precursor to many pesticides, including fertilizers, pesticides, hormones, and plant growth regulators that provide crop and soil protection, improve yields, and maintain and enhance plant growth processes. Hydrazine is mainly used as water treatment, polymerization, and foaming agent. Growth of the aerospace industry and increase in space exploration in recent years are expected to drive the market during the forecast period. Hydrazine is used as a fuel in the production of gaseous precursors for rockets and airbags for space missions. Hydrazine is used in spacecraft as a propellant to lower dissolved oxygen levels and control pH of water in large industrial boilers. It is used by F16 fighters to refuel emergency generators in aircraft.
The global hydrazine market has a wide range of applications, including refining, wastewater treatment, refining, and reducing agents for boiler water treatment. Hydrazine is also used in fuel cells, which is cheaper and provides more electricity. Increase in use of hydrazine in refining, refining, and wastewater treatment is expected to complement demand and drive market growth during the forecast period. Hydrazine is used to extract precious ores and refine metals such as gold, platinum, and silver as part of refining process. Use of hydrazine for purification result in faster recovery and higher purity. Wastewater treatment uses hydrazine to remove pollutants and heavy metals. This improves productivity, selectivity, and reliability of wastewater treatment applications. Increase in demand for fuel cells and increasing use of hydrazine in the pharmaceutical industry as an intermediate is expected to open new avenues and provide favorable opportunities for industry participants during the forecast period.
Hydrazine exposure leads to headaches, nausea, and throat irritation. Health concerns are expected to hinder the hydrazine market growth and pose challenges to industry participants during the forecast period. The above-mentioned major factors hamper development of the market growth.
The global hydrazine industry is segmented on the basis of application and region.
By application, the hydrazine market is classified into halocarbons pharmaceuticals, water treatment, agrochemicals, blowing agents, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest hydrazine market share of the total revenue in 2020, followed by North America and Europe. High adoption of hydrazine products in the region would continue to propel the hydrazine market, owing to presence of huge population base and presence of many developing countries in this region.
Key players operating in the global hydrazine 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, and Hidkim. The other players in the value chain 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, and Mil-Spec Industries Corp are competing for the share of the market through product launch, joint venture, partnership, and expanding production capabilities to meet future demand for the hydrazine market during the forecast period.
Key findings of the Study
- By region, Asia-Pacific accounted for the largest market share in 2020.
- According to application, the water treatment segment held the largest market share in 2020.
IMPACT OF COVID-19 ON THE GLOBAL HYDRAZINE MARKET
- Emergence of COVID-19 had less impact on growth of the global hydrazine market during the pandemic.
- This impact is mostly attributed to significant disruptions in raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
- Decrease in demand for many non-essential products and shut down of manufacturing industries created a negative impact on the development of global hydrazine market.
Companies Mentioned
- ARKEMA INC.
- BAYER AG
- FISONS PLC
- ARROW FINE CHEMICALS
- ARCH CHEMICALS INC.
- NIPPON CARBIDE INDUSTRIES CO. INC.
- JAPAN FINECHEM COMPANY
- LANXESS AG
- LANSDOWNE CHEMICALS
- HIDKIM
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 510.95 million |
| Forecasted Market Value ( USD | $ 806.09 million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
