Arkema, and LANXESS are top two players in hydrazine hydrate market

The global Hydrazine Hydrate Market was valued at USD 395.7 Million in 2016 and is projected to reach USD 531.1 Million by 2022, at a CAGR of 5.5% from 2017 to 2022.

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Among various applications, polymerization & blowing agents is estimated to be the largest application of the global hydrazine hydrate market. In polymerization & blowing agents segment, hydrazine hydrate is used to manufacture plastics and rubber chemicals. Derivatives of hydrazine hydrates such as azobisisobutyronitrile and azodicarbonamide are used as polymerization initiators and low temperature blowing agents. In addition, there are several other hydrazine-based chemical blowing agents such as benzene and toluenesulfonylhydrazide, which are used in low temperature applications.

The 60%-85% segment is projected to be the fastest-growing concentration level segment of the market between 2017 and 2022. The 60%-85% concentration level hydrazine hydrate is used as a propellant in emergency power units (EPU) on the F16 and other single engine aircraft. It is expected to be the fastest growing concentration level segment of the hydrazine hydrate market, in terms of value, during the forecast period due to its ability to manufacture hydrazine salts from inorganic acids. The application of 60%-85% concentration grade of hydrazine hydrate in fuel cells as an effective substitute to hydrogen and oxygen is expected to present many opportunities to the hydrazine hydrate manufacturers.

Growth in the agrochemicals and water treatment industries has led to an increase in the demand for hydrazine hydrate. In 2016, Asia Pacific accounted for the largest share of the global hydrazine hydrate market. China is expected to account for the largest market share of the Asia Pacific hydrazine hydrate  till 2022, whereas, this market in India is anticipated to grow at the highest CAGR during the forecast period.

Hydrazine hydrate is toxic in nature. The toxic nature and carcinogenic properties of hydrazine hydrate pose a serious threat to the growth of this market. Several environmental and industry usage regulations are imposed by Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH), which is likely to impact the growth of the global hydrazine hydrate market. Hydrazine hydrate has also been classified as Group 2B by the International Agency for Research on Cancer (IARC) as well as the Environmental Protection Agency (EPA).

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The major raw material suppliers include Praxair, Air Products, The Linde Group, Elgas Limited, and Air Liquide. The raw materials are used by various hydrazine hydrate manufacturers, which include Arkema, LANXESS, Lonza, Otsuka-MGC Chemical Company, Yaxing Chemical, Yibin Tianyuan Group, HPLA Group, and Hunan Zhuzhou Chemical Group.

 

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