Hydrazine Hydrate Market Share, Size, Trends, Industry Analysis Report, By Concentration Level (24%-35%, 40%-55%, 60%-85% and 100%); By Application; By Region; Segment Forecast, 2023 - 2032

Hydrazine Hydrate Market Share, Size, Trends, Industry Analysis Report, By Concentration Level (24%-35%, 40%-55%, 60%-85% and 100%); By Application; By Region; Segment Forecast, 2023 - 2032

The global hydrazine hydrate market size is expected to reach USD 369.77 million by 2032, according to a new study by Polaris Market Research. The report “Hydrazine Hydrate Market Share, Size, Trends, Industry Analysis Report, By Concentration Level (24%-35%, 40%-55%, 60%-85% and 100%); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The chemical industry is one of the primary consumers of hydrazine hydrate. The increasing demand for hydrazine hydrate as a raw material in chemical synthesis, especially in pharmaceuticals, agricultural chemicals, and dyes, is driving the market growth. This projected growth reflects the increasing demand and expanding market opportunities for hydrazine hydrate across various industries and applications. The growing application of hydrazine hydrate in these industries and emerging areas is driving the market's growth trajectory.

According to Volza, France leads as the largest exporter of hydrazine hydrate with 2,205 shipments, followed by Japan with 1,540 shipments, and South Korea in the third position with 1,396 shipments. This ensures a steady and reliable supply of the product. This can support the growth of industries that rely on hydrazine hydrate as a key raw material or intermediate, such as pharmaceuticals, water treatment, and agrochemicals. The consistent availability of hydrazine hydrate can enable these industries to meet their production demands, thereby driving market growth.

Most of the companies are starting the expansion of the production process. For instance, A new manufacturing facility will be built by the chemical manufacturer SS Blowchem in the RIICO Industrial area of Hanumangarh, Rajasthan, to increase its production capacity. With a total capacity of 2800 TPA, the plant will produce azodicarbonamide and hydrazine hydrate. The project's estimated cost is Rs. 107.1 million, and construction is anticipated to begin in March 2023 and last through March 2025. The new factory expansion project is expected to assist SS Blowchem in meeting the market's rising demand for azodicarbonamide and hydrazine hydrate while boosting the local economy. This is expected to drive the growth of the hydrazine hydrate market by increasing production capacity, meeting market demand, supporting regional economic growth, and expanding the company's operations in the chemical industry.

Hydrazine Hydrate Market Report Highlights

60%-85% segment is anticipated to witness faster growth in the coming years due to the suitable balance of effectiveness, cost, safety, and regulatory compliance.

Polymerization & Blowing Agents segment accounted for the larger market share owing to the growth of the polymer industry and the need for foam-based material.

APAC projected to register higher growth rate in the study period owing to the government initiatives, manufacturing activities and technological advancements

North America garnered the largest revenue share owing to the presence of pharmaceuticals & agrochemicals, & exporters from this region.

The global players include Gulbrandsen Chemicals, Zibo Elim Trade, Jinan Qinmu Fine Chemical, Shandong Polymer & Bio-chemicals.

Polaris Market Research has segmented the hydrazine hydrate market report based on concentration level, application, and region:

Hydrazine Hydrate, Concentration Level Outlook (Revenue - USD Million, 2019 - 2032)

24%-35%

40%-55%

60%-85%

100%

Hydrazine Hydrate, Application Outlook (Revenue - USD Million, 2019 - 2032)

Agrochemicals

Water Treatment

Polymerization & Blowing Agents

Pharmaceuticals

Others

Hydrazine Hydrate, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa