Hydrazine Market by Application and Geography - Forecast and Analysis 2021-2025

The hydrazine market share is expected to increase by USD 142.93 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.43%.

This hydrazine market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydrazine market segmentation by application (polymerization and blowing agents, water treatment, agrochemicals, pharmaceutical, and others) and geography (Europe, APAC, North America, MEA, and South America). The hydrazine market report also offers information on several market vendors, including Arkema SA, Chemtex Speciality Ltd., GFS Chemicals Inc., Japan Finechem Co. Inc., LANXESS AG, Lonza Group Ltd., Nippon Carbide Industries Co. Ltd., Otsuka Chemical Co. Ltd., Palm Commodities International LLC, and Spectrum Chemical Manufacturing Corp. among others.

What will the Hydrazine Market Size be During the Forecast Period?

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Hydrazine Market: Key Drivers, Trends, and Challenges

The increasing use of water treatment chemicals is notably driving the hydrazine market growth, although factors such as the use of alternative solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydrazine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydrazine Market Driver

The increasing use of water treatment chemicals is a major driver fueling the hydrazine market growth. Stringent regulations on reusing industrial water have led to the use of high-quality WTCs. These chemicals are sustainable solutions that improve operational efficiency and are cost-effective. Stringent government regulations are expected to urge companies to use WTCs and reuse industrial wastewater. Hydrazine is used as a water treatment chemical (WTC), and favorable regulations are expected to have a positive influence on the global hydrazine market. The governments of emerging countries such as India, China, and South Africa encourage industrial wastewater treatment and wastewater reuse by imposing penalties on noncompliance and providing incentives for the reuse of water. The Ministry of Water and Electricity in Saudi Arabia mandates wastewater treatment (WWT) processes in industrial areas. The US Environment Protection Agency (EPA) formulated norms to improve the quality of water in the US. Regulations on the treatment of wastewater have led to an increase in the demand for WTCs in the US.

Key Hydrazine Market Trend

Capacity expansion in APAC is a major trend influencing the hydrazine market growth. Factors such as the increase in the number of end-user industries in APAC and rising urbanization, especially in China, India, Indonesia, and other developing countries, are expected to have a positive influence on the global hydrazine market. Capacity expansion in China and India is one of the key upcoming trends. In the past few years, many global giant companies have set up production plants in China and India to improve their production capacity and serve the growing end-user industry in APAC. AkzoNobel, Bayer, Arkema, LANXESS, and others produce hydrazine in-house to reduce wastewater and the production cost of other products. A majority of the raw materials in China and countries in the Americas and EMEA is imported from Japan, Thailand, Taiwan, South Korea, and Singapore. Factors such as the availability of raw materials and low production costs have led to the growth of various end-user industries such as textile, cosmetics, pharmaceutical, chemical, and F&B in APAC.

Key Hydrazine Market Challenge

The use of alternative solutions is a major hindrance to the hydrazine market growth. Chemical alternatives to hydrazine are used in the boiler plants of some industries for long-term operations. Currently, the use of such alternative chemicals by power utilities is prevalent only in Europe and the US. The use of such chemical power plants in Asia is in the initial stages. Sodium sulfite (common in low- and medium-pressure systems) and sodium erythorbate are some of the few alternatives to scavenger chemicals. Hydrazine is hazardous and harmful to the environment. R&D activities undertaken by players focus on developing alternatives to hydrazine. Accepta has developed a high-performance carbohydrazide-based boiler water oxygen scavenger that is used as a direct replacement for hydrazine. These replacements adversely affect the consumption of hydrazine and pose a challenge to the global hydrazine market.

This hydrazine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the hydrazine market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydrazine market during the forecast period.

Who are the Major Hydrazine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Arkema SA
• Chemtex Speciality Ltd.
• GFS Chemicals Inc.
• Japan Finechem Co. Inc.
• LANXESS AG
• Lonza Group Ltd.
• Nippon Carbide Industries Co. Ltd.
• Otsuka Chemical Co. Ltd.
• Palm Commodities International LLC
• Spectrum Chemical Manufacturing Corp.

 

This statistical study of the hydrazine market encompasses successful business strategies deployed by the key vendors. The hydrazine market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydrazine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydrazine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydrazine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global specialty chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Hydrazine Market?

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35% of the market's growth will originate from APAC during the forecast period. China is the key market for hydrazine market in the region. Market growth in this region will be faster than the growth of the market in regions.

Hydrazine demand in F&B and paper and pulp industries will facilitate the hydrazine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the hydrazine market in the region witnessed certain challenges due to the outbreak of COVID-19. Russia, the UK, Spain, France, and Italy were the most affected countries by the pandemic in the region. According to JHU CSSE, as of July 2021, the total number of COVID-19 cases in Russia was 6.38 million. In the first half of 2020, many industrial end-users of hydrazine in the region announced the partial shutdown of their operations. For instance, in March 2020, Samsung closed its plants that produce home appliances in Poland. Such end-user shutdowns in the region affected the demand for hydrazine, which, in turn, hindered the growth of the market. However, the market is expected to witness considerable growth after 2021, primarily due to an increase in vaccination drives by governments in the region, which will subside the pandemic and encourage further investments in the construction, automotive, and consumer goods industries. 

What are the Revenue-generating Application Segments in the Hydrazine Market?

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The hydrazine market share growth in the polymerization and blowing agents segment will be significant during the forecast period. The high demand for polymer foams from the polymer industry is expected to offer ample growth opportunities to the global hydrazine market. During polymerization, derivatives of hydrazine, such as hydrazine hydrate, initiate the aqueous polymerization of methyl methacrylate in the presence of oxygen at alkaline pH. Hydrazine is crucial for polymerization and cannot be replaced by any other compound. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrazine market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Hydrazine Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 6.43%
Market growth 2021-2025	$142.93 million
Market structure	Fragmented
YoY growth (%)	5.95
Regional analysis	Europe, APAC, North America, MEA, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Germany, China, France, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arkema SA, Chemtex Speciality Ltd., GFS Chemicals Inc., Japan Finechem Co. Inc., LANXESS AG, Lonza Group Ltd., Nippon Carbide Industries Co. Ltd., Otsuka Chemical Co. Ltd., Palm Commodities International LLC, and Spectrum Chemical Manufacturing Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydrazine Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive hydrazine market growth during the next five years
• Precise estimation of the hydrazine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hydrazine industry across Europe, APAC, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hydrazine market vendors

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