Hydrazine Market 2021: Industry Overview, Size, Price, Opportunities and Forecast 2026
According to the latest report by IMARC Group, titled “Hydrazine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”,The global hydrazine market size reached a value of around US$ 416 Million in 2020 and expects the market to exhibit stable growth during 2021-2026.
Hydrazine (N2H4) represents a highly reactive base and reducing agent created using ammonia molecules. Its derivatives possess antidepressant properties as they inhibit monoamine oxidase (MAO), an enzyme that catalyzes the inactivation and deamination of stimulatory neurotransmitters, such as norepinephrine and dopamine. Owing to this, hydrazine is extensively adopted in the pharmaceutical sector to manufacture drugs. It is also used in photography chemicals, agricultural pesticides, textile dyes, chemical blowing agents, boiler water treatment for corrosion protection, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The rising employment of hydrazine across several industry verticals is mainly driving the market growth. For instance, hydrazine is used as a transitioning agent in silver, gold, and platinum recovery processes, which is supporting the market growth. Other than this, hydrazine is used for removing contaminants and heavy metals in wastewater treatment applications under effluent conditions. This chemical also protects the boiler tubes from corrosion by forming a hard magnetic layer, which is further fueling the market growth. Additionally, the widespread product adoption as a cost-effective alternative to hydrogen in fuel cells is acting as a growth-inducing factor. Apart from this, rapid urbanization, particularly in developing nations, changing climatic conditions, decreasing arable land, and escalating food demand have intensified the employment of hydrazine in various agrochemicals, such as fertilizers, pesticides, and plant growth regulators (PGR). This, in turn, is creating a positive outlook for the market.
Global Hydrazine Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape Key Player:
Acuro Organics Limited, Arkema , Arrow Fine Chemicals, Finetech Industry Limited, Japan Finechem Inc (Mitsubishi Gas Chemical Company Inc.), Lanxess AG, Lonza Group AG, Merck KGaA, Nippon Carbide Industries Co. Inc., Otsuka-MGC Chemical Company Inc (Otsuka Chemical Co. Ltd.), Tokyo Chemical Industry Co. Ltd and Weifang Yaxing Chemical Co. Ltd.
The report has segmented the market on the basis on type, application and end use industry.
Breakup by Type:
- Hydrazine Hydrate
- Hydrazine Nitrate
- Hydrazine Sulfate
Breakup by Application:
- Corrosion Inhibitor
- Medicinal Ingredients
- Precursor to Pesticides
- Blowing Agents
Breakup by End Use Industry:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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