Hydrazine Hydrate Market Size & Share 2016 - 2024
Market Size by End User (Water Treatment, Pharmaceuticals, Polymerization & Blowing Agents, Agrochemicals), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast.
Report ID: GMI844
|
Published Date: December 2016
|
Report Format: PDF
Download Free PDF
Authors:
Kiran Pulidindi, Akshay Prakash
Hydrazine Hydrate Market Size
Hydrazine Hydrate Market size generated around USD 355.7 million in 2015 and is forecast to witness gains at CAGR of 4.9% to 2024. Rising demand of polymer foams in polymer industry will have a great influence on the product business throughout the forecast timeframe.
Its application in a wide range of products which includes food containers, foamed core pipes, vinyl sheets, and structural foam wood grain furniture will propel the hydrazine hydrate market growth. The global polymer foam market volume was recorded at over 2,000 kilo tons in 2015 and will have a decent growth at CAGR above 4% from 2016 to 2024. The growth in the end-user industries such as building & construction, packaging, automotive, and furniture & bedding industries will drive the market for polymer foams in the coming eight years.
The growing need for agrochemicals owing to demand for better quality agricultural product for food and other purposes is another factor that will drive the global hydrazine hydrate market in next few years. Higher growth rate of the global population in comparison to the growth in arable lands is a matter of concern.
As per the World Bank, farmers all around the world need to increase their crop yield by almost 50% per hectare by the end of 2050. This will encourage the market for agrochemicals in the forecast period. The global agrochemical industry recorded a revenue of over USD 70 billion in 2015 and is anticipated to grow at a CAGR more than 6% from 2016 to 2024. The extensive use of hydrazine hydrate for manufacturing of several insecticides, pesticides and fungicides owing to its chemical nature will boost the hydrazine hydrate demand. Hydrazine also finds application in foliar treatment of potatoes to prevent them from sprouting during storage.
The prospective trend of using hydrazine hydrate fuel cells will open a range of opportunities for the hydrazine hydrate market in upcoming years. For instance, Daihatsu Motor Co. Ltd, in Japan, has made hydrazine hydrate-based fuel cells with output density close to that of hydrogen fuel cells. The absence of carbon dioxide in the emission has a positive effect on the application of these fuel cells and growing R&D in this field will create a healthy market in future.
However, the toxic nature of the chemical will pose a threat to the market growth as a result of several environmental and industry usage norms imposed by OSHA and National Institute for Occupational Safety and Health (NIOSH), USA. Experimental results showing the carcinogenic properties of hydrazine hydrate will also restrain the market growth from 2016 to 2024. It has been classified as Group 2B by the International Agency for Research on Cancer (IARC). Furthermore, disposal of the wastes is also an environmental concern and is expected to hamper the hydrazine hydrate market growth in the forecast timeframe.
Hydrazine Hydrate Market Analysis
Polymer & blowing agents sector accounted for more than one-third of the global hydrazine hydrate market share in 2015. With growing demand of polymer products in several applications including automobile, electronic gadgets and other fields, the hydrazine hydrate used in polymers and blowing agents is likely to show a healthy growth from around USD 135,000 thousand in 2015 at around 5% CAGR from 2016 to 2024.
It was followed by the agrochemical sector which accounted for over 30% of the global market share owing to the growing global population and their nutritional needs. The increasing usage of insecticides, pesticides, and fungicides to enhance the crop growth will fuel the hydrazine hydrate market from 2016 to 2024. Global Agrochemicals was estimated at over USD 110,000 thousand in 2015, the majority of which was used in the Asia Pacific.
Asia Pacific, led by China, had the highest share of the global industry in 2015 accounting to over 50% of the total volume share. It is expected to have a firm growth throughout the forecast period. Increasing demand of hydrazine hydrate in polymer and agrochemical industries in China, India and certain South East Asian countries is expected to have a high influence in the coming eight years.
North America led the market till the late 1990s, but with stringent regulations owing to the health hazards and experimental trials on rodents, the growth rate started to reduce. It will have a slower growth rate in the forecast timeframe as compared to Asia Pacific, Latin America and Middle East & Africa. However, in terms of revenue, North America recorded over USD 60,000 thousand of the hydrazine hydrate market in all end-user industries in 2015.
Hydrazine Hydrate Market Share
Hydrazine hydrate industry share is moderately consolidated with the top four market players accounting for more than 50% of the global share in 2015. Key hydrazine hydrate manufacturers are:
The increasing demand of polymer products and mergers of corporates to increase the production capacity and meet the demand effectively is indicating a healthy growth in the hydrazine hydrate market from 2016 to 2024.
The hydrazine hydrate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
Click here to Buy Section of this Report
By End User
The above information has been provided on a regional basis for the following:
By Region
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →