Global Hydrazine Hydrate Market is Anticipated to Reach US$ 536.3 Mn by 2022: Transparency Market Research
Transparency Market Research has released a new market report titled “Hydrazine Hydrate for Water Treatment, Pharmaceuticals, Agrochemicals, Polymerization and Blowing Agents and Other End-Users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2022” According to the report, the global hydrazine hydrate market was valued at US$ 350.0 Mn in 2013 and is projected to reach US$ 536.3 Mn by 2022, expanding at a CAGR of 4.9% from 2014 to 2022.
Browse the full Hydrazine Hydrate Market Report: http://www.transparencymarketresearch.com/hydrazine-hydrate-market.html
Hydrazine hydrate is an inorganic compound which is majorly used in polymer industry as a blowing agent. It is typically used in processing of polymers such as PVC, polystyrene, ABS, HDPE, and LDPE. The extensive demand for these polymers from several end-user industries including automobile, packaging, agriculture, infrastructure, etc. is anticipated to drive the demand for these polymers and indirectly hydrazine hydrate. The ever demanding polymer industry is expected to be the prime drivers for hydrazine hydrate market in the forecast period. In terms of regions, Asia Pacific was the largest region of the global hydrazine hydrate market in 2013, owing to the extensive demand from polymer industry in the region coupled with significant expansion from manufacturers located in China. In terms of volume, Asia Pacific accounted for more than 55% share of the global hydrazine hydrate market in 2013.
The hydrazine hydrate market is characterized by the surge in demand for hydrazine hydrate in the production of azodicarbonamide, used in polymer industry. The extensive increase in production capacity from most of the manufacturers located in China is expected to increase its market dominance and retain its supremacy in the forecast period. Asia Pacific is also anticipated to be the fastest growing market for hydrazine hydrate during the forecast period considering the significant development of other industries such as agrochemicals, water treatment, pharmaceuticals and other using hydrazine hydrate as intermediates. Demand for hydrazine hydrate in North America is anticipated to remain moderate during the forecast period. Similar trend is predictable across various countries in Europe such as Spain, UK and France owing to environmental restrictions along with potential carcinogenic nature of hydrazine hydrate. The market across Latin America and the Middle East and Africa is also likely to be lucrative for hydrazine hydrate considering the growth of polymer and agrochemical industries in countries such as Brazil and South Africa.
Browse the full Press Release of Hydrazine Hydrate Market http://www.transparencymarketresearch.com/pressrelease/hydrazine-hydrate-market.htm
Key players operating in the hydrazine hydrate market include Otsuka-MGC Chemical Company Inc., Arkema SA, Lonza Group Ltd., Weifang Yaxing Chemical Co Ltd., Nippon Carbide Industries Co Inc., Tanshang Chen Hong Industrial Co. Ltd., LANXESS, Japan FineChem Inc., Hunan Zhuzhou Chemical Industry Group Co. Ltd and Yibin Tianyuan Group Co. Ltd.
The report segments the global hydrazine hydrate market as follows:
Hydrazine Hydrate Market: End-User Analysis
- Water treatment
- Polymerization and blowing agents
- Others (Including metal purification, etc.)
Hydrazine Hydrate Market: Regional Analysis
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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