Hydrazine hydrate is a colorless, flammable liquid with an ammonia-like odor. It is composed of hydrazine and water molecules. Primarily used as a reducing agent in various industrial processes, it also finds application in pharmaceuticals, water treatment, and as a propellant in rocket engines. However, due to its toxic and hazardous nature, it requires careful handling and storage.
In terms of value, the hydrazine hydrate market is estimated to grow from USD 222 million in 2021 to USD 308 million by 2027, at a CAGR of 5.8%. The main drivers of the hydrazine hydrate market are the rising demand from agrochemicals industry, growing pharmaceutical sector and mounting demand for polymer foams.
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Hydrazine Hydrate Manufacturers:
The key players in this market are Arkema S.A. (France), LANXESS AG (Germany), Lonza Group AG (Switzerland), LGC Science Group Holdings Limited (UK), and Nippon Carbide Industries Co., Inc. (Japan). The major market players given a high importance on incorporating new technologies to keep up with the frequently changing demands of the hydrazine hydrate around the world. To develop their market position in the industry, these players have implemented a range of growth strategies such as joint ventures, mergers & acquisitions, and launching new products. These strategies have been employed to expand their market share in the hydrazine hydrate industry.
Lanxess AG is a multinational manufacturer of specialty materials. Its main business is the development, manufacturing, and marketing of chemical intermediates, additives, and consumer protection products. The company offers hydrazine hydrate through its advanced industrial intermediate business unit. It operates 63 manufacturing sites in 19 countries and covers 33 countries in five regions. The company is improving its geographical presence, especially in the US, through acquisition.In August 2021, the company acquired Emerald Kalama Chemical. It is a US-based specialty chemicals manufacturing company. In General, this acquisition improved the value chain of the company in the consumer protection business segment.
Lonza Group AG is a multinational specialty chemical manufacturing company for the biotechnology, nutrition, and pharmaceutical sectors. It has became the world’s largest provider of water treatment products with its acquisition of Arch Chemicals in 2011. It offers hydrazine hydrate through its biologics business segment. Moreover, the company has a presence in Europe, North and Central America, Asia, Latin America, and Australia & New Zealand. Along with its presence, it has 37 manufacturing sites across the globe. In May 2022, the company made collaboration with ALSA Ventures. This collaboration is made to provide development and manufacturing services for biotech firms.
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The Asia Pacific region dominated the hydrazine hydrate market in 2021, leading in both value and volume. This was driven by rising demand across various sectors including polymer, personal care, pharmaceuticals, and agrochemicals, particularly in India and China. Furthermore, the Asia Pacific region is expected to witness significant market growth in terms of value throughout the forecast period from 2022 to 2027.
