Hydrazine hydrate is highly soluble in water and can reduce itself to form nitrogen and water. Moreover, it protects the boiler tubes from corrosion by reacting with soft hematite layers to form a hard magnetic layer. Hence, it is an important component in boiler water treatment, thus boosting the market growth. In addition, it is also used in high pressure and high purity systems where it can directly react with dissolved oxygen to increase the temperature and PH. Furthermore, hydrazine hydrate is volatile in nature; hence it leaves no residue in water. It is also used as an alternative for sulphides as an oxygen scavenger in water.
Market Dynamics
In terms of regions, Asia Pacific is expected to account for the largest market share during the forecast period owing to the increasing demand for hydrazine hydrate in the polymer and agrochemical industries, with China and India being the major countries driving the regional market growth. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Based on end user, the market is segmented into water treatment, pharmaceuticals, agrochemicals, polymerization & blowing agents, and others. The polymerization & blowing agents segment is estimated to be the largest segment of the market on account of the rising demand for polymer products in various applications such as automobile and electronic gadgets. In addition, the agrochemicals segment is also estimated to witness significant market growing owing to the rising global population and their nutritional requirements, thus fueling the overall industry growth during the forecast period.
The need for polymer goods in various applications in end-use industries is growing. The automobile, electrical device, and footwear segments are boosting the market growth. The growing demand from the pharmaceutical sector is expected to be a crucial market growth driver. Colorless hydrazine hydrate is used in many clinical drugs and other pharmaceutics products. The increasing demand and investments from the pharmaceutical industry will boost the revenue growth.
Key features of the study:
Detailed Segmentation:
Table of Contents
* Browse 50 market data tables* and 40 figures* on “Global Hydrazine Hydrate Market” - forecast to 2030.
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