HYDRAZINE HYDRATE MARKET ANALYSIS
The global hydrazine hydrate market was valued at US$ 505.2 Million in 2022 in terms of revenue, exhibiting a CAGR of 6.1% during the forecast period (2023 to 2030).
Figure 1. Global Hydrazine Hydrate Market Value Share (%), By Region, 2022
Global Hydrazine Hydrate Market: Market Trend
A major market trend is the use of hydrazine hydrate as a fuel in rockets for space missions. Additionally, it serves as a gas precursor in the manufacturing of airbags, which is fueling the growth of the global hydrazine hydrate market. The rapid expansion of end-use industries and consumers' shifting lifestyles are both driving the market for global hydrazine hydrate market.
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