Use of hydrazine hydrate in agrochemical and polymer foam production continues to grow. Applications in water treatment, pharmaceuticals, aerospace, hydrazine hydrate is expected to gain substantially in industrial applications in the years ahead.
A new study published by Future Market Insights on the hydrazine hydrate market has indicated that the industry is expected to cross US$ 424 million by the end of 2020.
The market is estimated to reflect a healthy 4.9% CAGR in the forecast period between 2020 and 2030, even as applications as blowing and polymerization agents capture notable market share.
The hydrazine hydrate market prior to 2020 has been displaying steady growth with greater interest by manufacturers towards research on optimization of production processes, and potential scope for new applications. Industrial water treatment applications are likely to positively influence the market.
Derivatives Create New Opportunities in Pharma and Aerospace
Hydrazine hydrate derivatives have been witnessing strong demand in chemical applications for pharmaceutical and agrochemical sectors.
Bioactive hydrazine hydrate derivatives including rizatriptan, cefazolin, fluconazole, anastrozole, metamitron, metazachlor, paclobutrazol, metribuzin, propiconazole, diclobutrazole, diimide, hydrazine sulfate, dibenzoylhydrazine and triadimefon, are finding growing roles in the pharma sector.
Furthermore, apart from applications as pharma intermediates, hydrazine hydrate derivates such as monomethylhydrazine, and unsymmetrical dimethylhydrazine, are generating key opportunities for growth in aerospace and space exploration applications as critical components of rocket fuel formulations, and also as a propellent in single engine aircraft.
Agrochemical Sector to Reflect High Demand Potential
According to the Food and Agriculture Organization of the United Nations, the rise in global arable land has increased only 11 percent, while the global population has nearly doubled. As a result, the area of agricultural land has declined by nearly half per person, making the use of agrochemical solutions a necessity for the long term.
Hydrazine hydrate is used in the agrochemical sector for the production of plant growth agents, pesticides, and hydrogels. The decline in ground water in many parts of the world compounded by the steady decrease in arable land on a global scale are key factors driving demand for agrochemicals for higher yields in smaller areas, which in turn drives the demand for hydrazine hydrate.
Government policies towards food security and the resultant benefits to potassic, nitrogenous and phosphatic fertilizers are likely to drive long term demand, not only for conventional synthetic products, but also for new bio-based alternatives, which are gaining popularity owing to environment protection initiatives.
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Demand for Polymer Foams Influencing Market Growth
Global demand for different types of foam including polyolefin, polyurethane, phenolic, and polystyrene has been a major driven behind the use of hydrazine hydrate as a blowing agent.
Polymer foam is finding extensive use in packaging, construction, automotive, transport, marine, and furniture sectors, supporting growth of the market through the forecast period.
On the other hand, growing awareness about the environmental impact of conventional, synthetic blowing agents, and easier availability of eco-friendly alternatives is expected to limit the adoption of hydrazine hydrate in polymerization processes.
Also, the Covid-19 pandemic is hurting the demand for blowing agents in the short term, especially in applications for the automotive and manufacturing sectors, which is forcing market players to minimize production rates during the crisis period.
Hydrazine hydrate is a highly sought-after compound for applications in chemical and water treatment sectors, and is projected to reflect strong growth with niche applications in pharma, electronics, automotive and aerospace sectors.
However, there are a number of key challenges that hamper long term prospects of market players in the industry.
Firstly, environmental concerns arising from the toxicity of the material, and the impact on dumping grounds is limiting usage.
Furthermore, hydrazine hydrate has been identified as a carcinogen, which has resulted in the imposition of very strict regulations in terms of handling, storage and use by governments to minimize health risks to consumers and workers in the industry, limiting scope of growth for the foreseeable future.
North America Hydrazine Hydrate Market
North America is a highly industrialized and commercialized market for blowing agents and agrochemicals. Extensive demand of polymeric foam in automotive, packaging, transport, construction, and bedding in the region will support the prospects of the market.
Nitrogenous fertilizers and herbicide agrochemicals hold leading market share in North America of over 40%, which in turn is a key demand driver influencing hydrazine hydrate market price and revenue.
Driven by Canada, the demand for agrochemicals in North America, is aided by application in cereal and grain cultivation. These trends are likely to boost market growth here for the foreseeable future.
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East Asia Hydrazine Hydrate Market
East Asia, led by China is a lucrative market for hydrazine hydrate. The region is a leading producer and exporter of hydrazine hydrate and associated derivatives. The market is estimated to account for over 42% of the global market share with a production volume of more than 66,000 tons in 2020.
The prominent position of East Asia in the hydrazine hydrate market can be largely be attributed to the presence of the most prolific manufacturers in the region. Including the Otsuka-MGC Chemical Company, and LANXESS, Weifang Yaxing Chemical Co., Yibin Tianyuan Group Co Ltd., and Japan FineChem Company Inc. among others.
LAXESS has already established a 12,000 metric ton production plant, as a replacement to older facilities in the United States. Further, Otsuka-MGC Chemical Company has collaborated with Mitsubishi Gas Chemical Company for the integration of the hydrazine hydrate businesses in Japan. Also, increased production of plastics and polymers over metal alternatives will drive demand here, for the foreseeable future.
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South Asia & Pacific Hydrazine Hydrate Market
The South Asian market for hydrazine hydrate is second only to East Asia, with most countries in the region largely having agrarian economies, which bolsters demand for hydrazine hydrate for the manufacturing of a wide range of agrochemical products.
Also, favorable initiatives by governments and in India and ANZ towards the production of high-performance polymers for applications in automobiles including buses, bikes, and forklifts and aerospace applications is expected to support market growth in the long term.
However, restrictions on transport, handling and application of hydrazine hydrate in terms of toxicity, and its potential as a carcinogen is expected hinder potential for growth, and is pushing market players to invest in better logistical infrastructure.
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Blowing Agent and Polymerization Applications Drive Revenues
Hydrazine hydrate are used for a wide range of applications including water treatment, pharmaceuticals, agrochemicals, polymers & blowing agents, among others.
Of these, the use of hydrazine hydrate as blowing agents and for polymerization is expected to holds over 37% of the global market share throughout the forecast period.
On the other hand, demand in polymerization and blowing agent applications are witnessing a slump during the coronavirus. Water treatment and pharmaceutical applications however, are expected to remain unaffected by the crisis.
Leading hydrazine hydrate manufacturers have been increasingly focusing on investments into expansion on the basis of geography and production capacities. Market players are also pushing for research and development endeavors towards expanding the scope of application for hydrazine hydrate, to generate new, sustainable revenue streams.
For instance, Gujarat Alkalies and Chemicals Limited (GACL) is currently in the process of setting up a production plant for hydrazine hydrate, with a capacity of 10,000 TPA.
The company has also collaborated with the Indian Institute of Chemical Technology to develop a new cost-effective process for the production of hydrazine hydrate on a large scale.
In late 2019, Arkema invested 10 million euros in its Lannemezan facility aimed towards the production of hydrazine hydrate and associated derivatives through addition of production lines and process optimization. The company is pushing for the supply of hydrazine hydrate for operations in nuclear power plants, to for steam generator coatings.
Further, Daihatsu Motor Co. has revealed research efforts to use hydrazine hydrate as a viable alternative to hydrogen in automotive fuel cells, thereby improving safety standards and lowering costs. The development is likely to generate major lucrative opportunities for hydrazine hydrate suppliers and manufacturers for the foreseeable future.
Aside from these market participants, other leading players in the market include:
- Otsuka-MGC Chemical Company Inc.
- Weifang Yaxing Chemical Co Ltd.
- Yibin Tianyuan Group Co Ltd.
- Japan FineChem Company Inc.
- Nippon Carbide Industries Co. inc.
- Lonza Group Ltd.
- Tangshan Chenhong Industrial Co Ltd.
- Hunan Zhuzhou Chemical Industry Group Co. Ltd.
The list is only indicative – full list of hydrazine hydrate market key players is available upon request.
Hydrazine Hydrate Market Industry Report: Scope
Historical Data Available for
US$ Million for value, Tons for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA)
Key Countries Covered
US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, South Africa, Northern Africa
Key Segments Covered
Application, and Region
Key Companies Profiled
Otsuka-MGC Chemical Company Inc., Arkema SA, Weifang Yaxing Chemical Co. Ltd., Yibin Tianyuan Group Co. Ltd., Japan FineChem Company Inc., LANXESS, Nippon Carbide Industries Co. Inc., Lonza Group Ltd., Tangshan Chenhong Industrial Co. Ltd., Hunan Zhuzhou Chemical Industry Group Co. Ltd. (only indicative list)
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered by the Report
- What is the hydrazine hydrate market size?
The global hydrazine hydrate market reached a valuation of US$ 426.8 million in 2019. The hydrazine hydrate market is estimated to rise steadily with 4.9% CAGR between 2020 and 2030.
- Which is the largest market for hydrazine hydrate?
East Asia is expected to remain the largest market for hydrazine hydrate throughout the period of assessment, owing to strong demand from the prominent agrochemical and polymer production industries in the region.
- Which are the top companies in global hydrazine hydrate market?
Otsuka-MGC Chemical Company Inc., Hunan Zhuzhou Chemical Industry Group Co. Ltd., Arkema SA, Tangshan Chenhong Industrial Co. Ltd., Weifang Yaxing Chemical Co. Ltd., Lonza Group Ltd., and Yibin Tianyuan Group Co. Ltd. are among the leading players in the hydrazine hydrate market.
- What are the applications of hydrazine hydrate?
Hydrazine hydrate products primarily find use chemical applications such as the production of pharmaceutical compounds and agrochemicals, and civil applications in water treatment.
- What are the prospects for the South Asia & Pacific hydrazine hydrate market?
Countries in the South Asia and Pacific region are reflecting fast growth on the back of demand for hydrazine hydrate in agrochemical production, supported by high dependence on agrarian economies in the region.
- What is the near-term competitive outlook of the global hydrazine hydrate market?
The global hydrazine hydrate market is largely consolidated, with the investments towards production technologies and online channels of distribution gaining ground.
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- Water Treatment
- Polymer & Blowing Agent
- North America (US, Canada)
- Latin America (Brazil, Mexico, Rest of LATAM)
- Europe (Germany, UK, BENELUX, Russia, France, Italy, Spain, Rest of Europe)
- South Asia & Pacific (India, ASEAN, ANZ, Rest of South Asia & Pacific)
- East Asia (China, Japan, and South Korea)
- Middle East & Africa (GCC Countries, Turkey, South Africa, Northern Africa, and Rest of MEA)