60%-85% segment is projected to be the fastest-growing concentration level segment in the global 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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Polymerization & blowing agents is estimated to
be the largest application segment of the global hydrazine hydrate market
between 2017 and 2022
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.
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New product launch was the key strategy adopted
by major players to enhance their presence in the global hydrazine hydrate
market between 2014 and 2016. This strategy accounted for a major share of all
development strategies adopted by leading players during the above-mentioned
period. Key players operating in the global hydrazine hydrate market include
Arkema, LANXESS, Lonza, Otsuka-MGC Chemical Company, Yaxing Chemical, Yibin
Tianyuan Group, HPLA Group, and Hunan Zhuzhou Chemical Group.
Arkema is one of the major manufacturers of hydrazine hydrate. The
company operates through three business segments, namely, high performance
materials, industrial specialties, and coating solutions. The company offers
hydrazine hydrate through its industrial specialties business segment. Arkema
manufactures hydrazine hydrate at its Lannemezan plant (France). The company
has a widespread presence and distribution networks in Asia Pacific, Europe,
Middle East & Africa, and the Americas.
Lonza is also one of the major producers of hydrazine hydrate and
supplies various concentration grades such as 35%, 51.2%, 54.4%, 64%, 98%, and
99%. It operates its business through two segments namely, Pharma&Biotech
and Specialty Ingredients segments. The company manufactures hydrazine hydrate
through the Specialty Ingredients segment. Hydrazine hydrate manufactured by
the company find applications in water treatment, pharmaceuticals, lubricants,
and other industrial uses. For the last six decades, the company has been
supplying propellant-grade hydrazine to the US government for use in aircraft,
launch vehicles, and satellites.
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