HYDRAZINE HYDRATE MARKET ANALYSIS

Market Challenges And Opportunities

Global Hydrazine Hydrate Market: Growth Drivers

Growing demand from the agrochemicals sector

Numerous agrochemical-based products, including hydrogels, insecticides, and regulators that are used to increase crop yield, are made with hydrazine hydrate. The worldwide population is rising quickly, which is boosting the global food consumption and necessitating high production yields. Owing to the increased need for pesticides and fertilizers for high output, the demand for hydrazine hydrate is growing. For instance, in December 2022, The Food and Agriculture Organization (FAO) of the UN and the World Health Organization (WHO) collaborated to provided input for the ‘Environmental and Health Impacts of Pesticides and Fertilizers and Ways to Minimize Them’ report, which highlights the need for transformative actions and better management of pesticides and fertilizers as the global demand and use of the products rises.

Rising demand from the water treatment sector

In the water treatment sector, the hydrazine hydrate demand is rising. Water treatment uses hydrazine hydrate because it helps get rid of pollutants and heavy metals. Additionally, it offers water treatment with great productivity and dependability. Because there is less water available, there is a rising need for clean water on a worldwide scale. The market is expanding due to the use of hydrazine hydrate in the treatment of wastewater. For instance, in March 2021, according to a recent study from the Central Pollution Control Board, India now has a capability for treating 27.3% of its water and 18.6% of its sewage. Additionally, the proportion of the rural population who had access to clean and sufficient drinking water within premises climbed to 61.52% in FY 2022 from 55.23% in FY 2021, according to the Ministry of Jal Shakti of the India government.

Global Hydrazine Hydrate Market: Restraints

Harmful effects of hydrazine hydrate

Strong reducing agent, extremely reactive, and unstable, hydrazine hydrate. When held in an unstable state, hydrazine hydrate is regarded as explosive. In addition, animals have been known to develop chronic (long-term) spleen damage as a result of inhaling hydrazine hydrate, which is dangerous to the lungs, liver, and thyroid. As a result, the market expansion is being constrained by hydrazine hydrate's detrimental characteristics. For instance, in 2021, according to the United State Environmental protection agency, symptoms of acute exposure to high levels of hydrazine include irritation of the eyes, nose, and throat, temporary blindness, dizziness, headache, nausea, pulmonary edema, seizures, and coma in humans.  Acute exposure can also damage the liver, kidneys, and the Central Nervous System (CNS) in humans. The liquid is corrosive and may produce chemical burns and severe dermatitis from skin contact. Acute animal tests in rats, mice, rabbits, and guinea pigs have demonstrated hydrazine to have high acute toxicity from inhalation and ingestion and extreme acute toxicity from dermal exposure.