Hydrazine Hydrate Market growth in agrochemical sector will be driven by increasing food demand owing to the escalating global population. The growing use of agrochemicals in order to increase the crop yield and improve the quality of agricultural products to meet the demand of over 7 billion people in the world will have a great influence on product development. With its extensive usage to manufacture pyrazole and pyrazole derivatives, hydrazine hydrate is very useful in the pesticides industry.
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Hydrazine hydrate market has gained a traction over the past few years with the increasing demand for inorganic- organic hybrid polymers across a wide spectrum of application domains. The industry’s growth curve is immensely influenced by the advancement of polymer science and technology. Polymer foams’ rising demand has played a pivotal role in accelerating the industry share. Owing to the fact that hydrazine hydrate act as a precursor in blowing agents that are used in polymer foams, the future growth prospect of the overall market is quite certain.
Hydrazine hydrate also finds wide application in wastewater treatment chemicals and pharmaceuticals sectors. Booming wastewater treatment chemicals market is expected to contribute significantly towards hydrazine hydrate market revenue over the next few years. Rapidly expanding pharmaceuticals sector will also accelerate the industry demand, with hydrazine as a precursor to many pharmaceuticals. It also finds application in tuberculosis treatment and foliar treatment of potatoes.
In response to the surging global population and the increasing food demand curve, agrochemical sector is prominently driving the application landscape. The urgent need to increase the crop yield and improve food quality is in a way pushing the demand for agrochemicals. In 2015, overall agrochemical market accounted for a revenue of USD 70 billion and is estimated to grow significantly at an annual rate of 6 % over the coming seven years, significantly impacting the growth prospect of hydrazine hydrate market as well. These inorganic polymers are in high demand in pesticides manufacturing units, as they are extensively used in making pyrazole and its related derivatives.
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Asia Pacific hydrazine hydrate market led the global market in 2015, covering almost 35% of the total volume. High hydrazine hydrates demand in polymer and agrochemical industries is catering the regional market growth. Heavy manufacturing and production base in India, China, and Southwest Asian countries is encouraging the regional market expansion.
Global hydrazine hydrate market is highly consolidated with leading market players accounting for almost half of the overall share. With a diversified application forum, this market is set to witness massive growth in future. Some of the prominent industry participants include Yibin Tianyuan, Lonza Group, Arkema SA, Otsuka-MGC, LANXESS, and Weifang YAXING Chemical.
Major Point From Table Of Content:
Chapter 4. Hydrazine Hydrate Industry End-User Insights
4.1. Global hydrazine hydrate market share by end-user, 2015 & 2024
4.2. Water treatment
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Polymerization & blowing agents
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6.1. Market estimates and forecast, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
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