North America Hydrazine Market Size, Share & Trends Analysis Report By Application (Blowing Agents, Water Treatment, Agrochemicals, Pharmaceuticals and Others), By Country and Growth Forecast, 2023 - 2030
The North America Hydrazine Market would witness market growth of 3.7 % CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 859.63 hundred tonnes showcasing a growth of 3.1% (2019-2022).
The hydrazine market stands at the crossroads of innovation and challenges, propelled by its diverse applications, evolving adoption patterns, and the dynamic landscape of global industries. Hydrazine, a highly reactive and nitrogen-rich compound, has found a place in various sectors due to its unique properties, driving both its demand and the need for responsible management. Hydrazine's adoption spans various industries, reflecting its versatility and utility in diverse applications.
One of the primary sectors embracing hydrazine is the aerospace industry, where it plays a crucial role as a component in rocket fuels. Its ability to release large amounts of gas upon decomposition makes hydrazine indispensable for achieving thrust in spacecraft propulsion systems. Additionally, the agrochemical sector has also witnessed a steady adoption of hydrazine-based products. Hydrazine synthesizes various pesticides and herbicides, enhancing crop protection and increasing agricultural productivity. Its role as a precursor in producing agrochemical compounds underscores its significance in sustainable and high-yield farming practices.
The US market dominated the North America Hydrazine Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $136,896 Thousands by 2030. The Canada market is experiencing a CAGR of 4.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 4.5% during (2023 - 2030).
The expansion of the chemical industry in the United States, driven by factors such as domestic demand, innovation, and favorable economic conditions, can lead to a higher demand for hydrazine. As a versatile chemical intermediate, hydrazine is used to synthesize various chemical products. North America's growing chemical and aerospace sectors will assist in the growth of the regional hydrazine market.
Based on Application, the market is segmented into Blowing Agents, Water Treatment, Agrochemicals, Pharmaceuticals and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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.
By Application (Volume, Hundred Tonnes, USD Million, 2019-2030)
- Blowing Agents
- Water Treatment
- Agrochemicals
- Pharmaceuticals
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Hydrazine Market, by Application
- 1.4.2 North America Hydrazine Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Hydrazine Market, By Application
- 4.1 North America Blowing Agents Market, By Country
- 4.2 North America Water Treatment Market, By Country
- 4.3 North America Agrochemicals Market, By Country
- 4.4 North America Pharmaceuticals Market, By Country
- 4.5 North America Others Market, By Country
- Chapter 5. North America Hydrazine Market, By Country
- 5.1 US Hydrazine Market
- 5.1.1 US Hydrazine Market, By Application
- 5.2 Canada Hydrazine Market
- 5.2.1 Canada Hydrazine Market, By Application
- 5.3 Mexico Hydrazine Market
- 5.3.1 Mexico Hydrazine Market, By Application
- 5.4 Rest of North America Hydrazine Market
- 5.4.1 Rest of North America Hydrazine Market, By Application
- Chapter 6. Company Profiles
- 6.1 Nippon Carbide Industries Co., Inc.
- 6.1.1 Company Overview
- 6.1.2 Financial Analysis
- 6.1.3 Segmental and Regional Analysis
- 6.1.4 Research & Development Expenses
- 6.1.5 SWOT Analysis
- 6.2 GFS Chemicals, Inc.
- 6.2.1 Company Overview
- 6.2.2 SWOT Analysis
- 6.3 Japan Finechem Inc. (Mitsubishi Gas Chemical Company, Inc.)
- 6.3.1 Company Overview
- 6.3.1 Financial Analysis
- 6.3.2 Segmental Analysis
- 6.3.3 SWOT Analysis
- 6.4 LGC Science Group Holdings Limited
- 6.4.1 Company Overview
- 6.4.2 Financial Analysis
- 6.4.3 Segmental and Regional Analysis
- 6.4.4 Research & Development Expenses
- 6.4.5 SWOT Analysis
- 6.5 Arrow Fine Chemicals
- 6.5.1 Company Overview
- 6.5.2 SWOT Analysis
- 6.6 Lanxess AG
- 6.6.1 Company Overview
- 6.6.2 Financial Analysis
- 6.6.3 Segmental and Regional Analysis
- 6.6.4 Research & Development Expenses
- 6.6.5 Recent strategies and developments:
- 6.6.5.1 Partnerships, Collaborations, and Agreements:
- 6.6.5.2 Acquisition and Mergers:
- 6.6.6 SWOT Analysis
- 6.7 Bayer AG
- 6.7.1 Company Overview
- 6.7.2 Financial Analysis
- 6.7.3 Segmental and Regional Analysis
- 6.7.4 Research & Development Expense
- 6.7.5 Recent strategies and developments:
- 6.7.5.1 Partnerships, Collaborations, and Agreements:
- 6.7.5.2 Acquisition and Mergers:
- 6.7.6 SWOT Analysis
- 6.8 Lonza Group Ltd.
- 6.8.1 Company Overview
- 6.8.2 Financial Analysis
- 6.8.3 Segmental and Regional Analysis
- 6.8.4 Research & Development Expenses
- 6.8.5 SWOT Analysis
- 6.9 Arkema S.A.
- 6.9.1 Company Overview
- 6.9.2 Financial Analysis
- 6.9.3 Segmental and Regional Analysis
- 6.9.4 Recent strategies and developments:
- 6.9.4.1 Partnerships, Collaborations, and Agreements:
- 6.9.5 SWOT Analysis
- 6.10. BASF SE
- 6.10.1 Company Overview
- 6.10.2 Financial Analysis
- 6.10.3 Segmental and Regional Analysis
- 6.10.4 Research & Development Expense
- 6.10.5 SWOT Analysis
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