Hydrazine Hydrate Market Size

Hydrazine Hydrate Market Analysis, Size, Growth, Demand, Global Share, Top Manufacturers, Revenue, Graph, Segmentation and Forecast to 2027

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The global hydrazine hydrate market has been experiencing remarkable growth over the past few years, driven by its versatile applications across a range of industries. Hydrazine hydrate (N2H4·H2O) is a colorless, flammable liquid with a distinct ammonia-like odor. While it might not be a household name, its significance cannot be understated due to its various uses in sectors such as agriculture, pharmaceuticals, water treatment, and energy. 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%.

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The Hydrazine Hydrate Market can be segmented based on:

Hydrazine Hydrate Market Value to Reach $308 Million by 2027| MarketsandMarkets™

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The report "Hydrazine Hydrate Market by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2027", size was USD 222 million in 2021 and is projected to reach USD 308 million by 2027, at a CAGR of 5.8% from 2022 to 2027.

The market is projected to grow because of rising demand from the agrochemical industry. The agrochemicals industry offers a substantial potential for the use of hydrazine hydrate for advancements in technologies and rapid developments in the manufacturing of agricultural products. Therefore, the rising demand from the agrochemicals industry is a crucial driving factor behind the demand for hydrazine hydrate.

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Polymerization & Blowing Agents was the largest application of the hydrazine hydrate market, in terms of value, in 2021

Hydrazine hydrate is used in the production of plastics and rubber chemicals. It is used as a raw material foaming agent or chemical blowing agents. Also, the derivatives of hydrazine hydrates, such as azobis azodicarbonamide and isobutyronitrile, are used as low-temperature blowing agents and polymerization initiators.