Hydrazine Hydrate Market Analysis

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.