The global hydrazine market is expected to grow on account of increasing demand from end-use industries such as polymer, agro chemical, pharmaceutical and water treatment. Hydrazine is majorly used in water treatment, polymerization and as a blowing agent. Growth in aerospace industry in the past few years and increasing space explorations is expected to drive the market over the forecast period.
Hydrazine is used as fuel in rockets for space missions and in gas precursors preparation used in air bags. Hydrazine is used on board space vehicles as a propellant in order to reduce dissolved oxygen concentration and control water pH in huge industrial boilers. Hydrazine is used by F-16 fighter jet to fuel aircraft’s emergency power unit. Increasing hydrazine application for refining and purification process in emerging regions such as Asia Pacific is expected to drive demand and positively impact the market growth over the forecast period. Key hydrazine applications include refining, effluent treatment, purification and as a reducing agent in boiler water treatment. Hydrazine is also used in fuel cells which are cost effective and supply more power. Increasing hydrazine applications in refining, purification and effluent treatment is anticipated to complement demand and drive the market growth over the forecast period. Hydrazine is used for treasure-able ores recovery and purifying metals such as gold, platinum and silver under refining and purification process. Hydrazine use in refining and purification leads to early recovery and higher purity. Under effluent treatment, hydrazine is used for contaminants and heavy metals removal which in turn offers higher productivity, selectivity and reliability for waste water treatment applications.
Raschig process is the most commonly used process for commercial hydrazine production characterized by reduced yields. Hydrazine exposure leads to headache, nausea and throat irritation. Health concern is expected to hinder hydrazine market growth and pose challenges to industry participants over the forecast period. Growing fuel cells demand and increasing hydrazine application in pharmaceutical industry as an intermediate is expected to create new avenues and yield lucrative opportunities for industry participants over the forecast period. Rising blowing agents demand in polymer industry is anticipated to create immense opportunities for industry participants over the forecast period.
Europe is projected to remain key regional market in terms of hydrazine production over the forecast period. Germany dominates hydrazine production in Europe followed by UK, France and Italy. Growing pharmaceutical and water treatment industry is expected to drive hydrazine demand in Europe and in turn augment hydrazine market growth over the forecast period. Asia Pacific and North America are slated to witness considerable hydrazine market growth owing to increasing hydrazine application as a precursor to blowing agent in polymer industry. Europe is followed by North America in terms of consumption owing to increasing hydrazine demand in agro chemical and water treatment industries in countries such as U.S. and Canada Asia Pacific is growing as a regional hydrazine and its derivatives consumption market due to increasing hydrazine applications in growing end-use industries such as pharmaceutical, agricultural, industrial, polymer, agrochemicals and water treatment. Expanding manufacturing base and production facilities in China is meeting local hydrazine hydrate market demand in polymer industry which is anticipated to drive global hydrazine market growth in Asia Pacific over the forecast period. In terms of hydrazine consumption, Hydrazine market in Latin America is expected to grow owing to hydrazine hydrate increasing use in agriculture industry and water treatment. Middle East is anticipated to witness similar trend owing to increasing hydrazine hydrate application in polymer industry.
Key players operating in hydrazine market include Arkema, Bayer, Atochem, Fisons, HidKim, Arrow Fine Chemicals, Lansdowne, Arch Chemicals, Arkema, BLUE HENGDA, Chongqing Chemical & Pharmaceutical and KUMYANG. Other players operating in the global market include LANXESS, Lonza, Yasing, XinRen, Zhuzhou Chemical, TIANYUAN, Japan Finechem, HPLA, NIPPON CARBIDE, Otsuka-MGC, Lonza, Risheng and Palm.
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The supply of water treatment chemicals shall witness shortages due to the prevalence of COVID-19 at a pandemic level. The industrial sector as a whole shall register an increase in demand for dewatering equipment, water treatment systems and membranes due to stipulated public health guidelines and greater need for sanitary environment. The report will account for Covid19 as a key market contributor.