Hydrazine Market

Global Hydrazine Market Size, Share & Trends Analysis Report By Application (Blowing Agents, Water Treatment, Agrochemicals, Pharmaceuticals and Others), By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-20903 Publication Date: March-2024 Number of Pages: 220
2022
USD 569.7 Million
2030
USD 805.5 Million
CAGR
4.5%
Historical Data
2019 to 2021

“Global Hydrazine Market to reach a market value of USD 805.5 Million by 2030 growing at a CAGR of 4.5%”

Analysis of Market Size & Trends

The Global Hydrazine Market size is expected to reach $805.5 million by 2030, rising at a market growth of 4.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,974.02 Hundred tonnes, experiencing a growth of 3.7% (2019-2022).

The primary function of hydrazine in water treatment for boiler systems is to prevent corrosion.  Consequently, the water treatment segment would generate an approximately 25.89 % share of the market by 2030. The use of hydrazine in water treatment positively influences steam quality. By eliminating dissolved oxygen, hydrazine helps produce high-quality steam with reduced impurities. This is crucial in industries where steam quality is critical, such as power generation and certain manufacturing processes.

Hydrazine Market Size - Global Opportunities and Trends Analysis Report 2019-2030

Hydrazine acts as a powerful reducing agent in polymerization reactions. It facilitates the reduction of functional groups in monomers, allowing for the formation of strong and stable polymer chains. This property makes hydrazine an essential component in the synthesis of various polymers. Thus, these factors will assist in the growth of the market.

Additionally, Hydrazine exhibits versatile chemical reactivity, making it a valuable reagent in synthesizing diverse pharmaceutical intermediates. Its ability to participate in various chemical reactions allows for creating a wide range of precursor molecules essential for drug development. Thus, there will be enhanced growth in the market.

However, Stringent hydrazine production regulations impose restrictions and demand compliance with specific manufacturing processes. To comply with these standards, producers may be confronted with obstacles in the form of substantial infrastructure and technological investments that need to be made in addition to safety and environmental protocols. Hence, these aspects can hamper the growth of the market.

Driving and Restraining Factors
Hydrazine Market
  • Growing Demand In Polymerization Processes
  • Rising Application In Water Treatment And Boiler Systems
  • Expanding Application In Pharmaceutical Synthesis
  • Stringent Regulatory Standards And Environmental Concerns
  • Cost And Availability Of Raw Materials
  • Continuous Exploration In Propellant And Explosive Formulations
  • Expanding Utilization In Metal Surface Treatment
  • Technological Issues In Storage And Transportation
  • Concerns About Public Perception And Opposition

By Application Analysis

On the basis of application, the market is divided into water treatment, blowing agents, agrochemicals, pharmaceuticals, and others. In 2022, the blowing agents segment witnessed the 37.44 % revenue share in the market. Hydrazine has been used as a chemical blowing agent in the production of foamed plastics and rubber. These bubbles result in a cellular structure within the material, providing it with a lighter weight, improved insulation properties, and altered mechanical characteristics. Thus, owing to these aspects, the segment will have enhanced growth.

Hydrazine Market Share and Industry Analysis Report 2022

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA.  In 2022, the Europe segment acquired a 21.2 % revenue share in the market. Hydrazine is used in various industrial applications, including the production of pharmaceuticals, agrochemicals, and water treatment. Any growth in these European industries could contribute to an increased demand for hydrazine. Hydrazine is also used as a rocket propellant in the aerospace and defense sectors. Any developments or expansions in these industries could impact the demand for hydrazine. Therefore, the segment will expand rapidly in the upcoming years.

Free Valuable Insights: Global Hydrazine Market size to reach USD 805.5 Million by 2030

Hydrazine Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 569.7 Million
Market size forecast in 2030 USD 805.5 Million
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 4.5% from 2023 to 2030
Revenue Growth Rate Volume in Hundred Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030
Number of Pages 220
Number of Tables 364
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included

Lanxess AG, Nippon Carbide Industries Co., Inc., Bayer AG, GFS Chemicals, Inc , Japan Finechem Inc. , BASF SE , LGC Science Group Holdings Limited , Arkema S.A., Arrow Fine Chemicals , Lonza Group Ltd.

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List of Key Companies Profiled

  • Lanxess AG
  • Nippon Carbide Industries Co., Inc.
  • Bayer AG
  • GFS Chemicals, Inc
  • Japan Finechem Inc.
  • BASF SE
  • LGC Science Group Holdings Limited
  • Arkema S.A.
  • Arrow Fine Chemicals
  • Lonza Group Ltd.

Hydrazine Market Report Segmentation

By Application (Volume, Hundred Tonnes, USD Million, 2019-2030)

  • Blowing Agents
  • Water Treatment
  • Agrochemicals
  • Pharmaceuticals
  • Others

By Geography (Volume, Hundred Tonnes, USD Million, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $805.5 million by 2030.

Growing Demand In Polymerization Processes are driving the Market in coming years, however, Stringent Regulatory Standards And Environmental Concerns restraints the growth of the Market.

Lanxess AG, Nippon Carbide Industries Co., Inc., Bayer AG, GFS Chemicals, Inc , Japan Finechem Inc. , BASF SE , LGC Science Group Holdings Limited , Arkema S.A., Arrow Fine Chemicals , Lonza Group Ltd.

In the year 2022, the market attained a volume of 3,974.02 Hundred tonnes, experiencing a growth of 3.7% (2019-2022).

The Asia Pacific region dominated the Market, By Region in 2022 there by, achieving a market value of $379.1 million by 2030, growing at a CAGR of 4.8 % during the forecast period.

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