Albany, NY, June 9, 2015 (GLOBE NEWSWIRE) -- 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.
Hydrazine hydrate is one of the key blowing agents used in the polymer industry. It is typically colorless and has odor similar to ammonia. Being toxic in nature the exposure to hydrazine hydrate is limited to certain extent. However, its potential use in fuel cell as a fuel and effective substitute can act as resurgence to this market in develop regions. In addition to its usage in polymer industry the other major key end-user industries using hydrazine hydrate are agrochemicals and water treatment. Also the application in pharmaceutical industry as an intermediate is expected to lead a sustainable growth for hydrazine hydrate during the forecast period.
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Polymerization and blowing agent was the largest end-user segment with market share of more than 35% in 2013. It is expected to continue its prime position and is projected to be the fastest growing segment of the hydrazine hydrate market during the forecast period. Agrochemicals, Water treatment and Pharmaceuticals segments are also anticipated to record significantly high share in the hydrazine hydrate market in the near future. Extensive demand for blowing agents in polymer industry and in other allied industries is likely to supplement the demand for hydrazine hydrate and its derivatives in the global hydrazine hydrate market in the next few years.
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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.
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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.)
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Hydrazine Hydrate Market: Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
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Source:Transparency Market Research