Hydrazine Market Report by Type (Hydrazine Hydrate, Hydrazine Nitrate, Hydrazine Sulfate, and Others), Application (Corrosion Inhibitor, Medicinal Ingredients, Precursor to Pesticides, Blowing Agents, and Others), End Use Industry (Pharmaceuticals, Agrochemicals, and Others), and Region 2024-2032

Hydrazine Market Report by Type (Hydrazine Hydrate, Hydrazine Nitrate, Hydrazine Sulfate, and Others), Application (Corrosion Inhibitor, Medicinal Ingredients, Precursor to Pesticides, Blowing Agents, and Others), End Use Industry (Pharmaceuticals, Agrochemicals, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4234
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Market Overview:

The global hydrazine market size reached US$ 511.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 890.3 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 511.8 Million
Market Forecast in 2032
US$ 890.3 Million
Market Growth Rate 2024-2032 6.2%


Hydrazine (N2H4) is a highly reactive base and reducing agent produced from ammonia molecules. Its derivatives exhibit antidepressant properties as they inhibit monoamine oxidase (MAO), which is an enzyme catalyzing the deamination and inactivation of stimulatory neurotransmitters, such as norepinephrine and dopamine. As a result, hydrazine finds extensive applications in the pharmaceutical sector for manufacturing drugs. It is also used in agricultural pesticides, chemical blowing agents, photography chemicals, textile dyes, boiler water treatment for corrosion protection, and as fuel for rockets and spacecraft around the world.

Hydrazine Market

Hydrazine Market Trends:

One of the primary factors driving the market is the employment of hydrazine in different industry verticals. For instance, it functions as an agent for many transition metals and non-metals, such as arsenic, selenium, and tellurium, and uranium and plutonium. It is also used as a corrosion inhibitor in boiler feedwater and reactor cooling water. Moreover, the growing emphasis on upgrading existing wastewater treatment plants due to the limited availability of potable water, rising environmental concerns and increasing awareness about the harmful impacts of drinking contaminated water is contributing to the market growth. Other significant uses of hydrazine include redox reactions, polymerization catalyst, nuclear fuel reprocessing, metal electrolytic plating on glass and plastics and a scavenger for gases. Apart from this, rapid urbanization, rising global population, changing climatic conditions, and declining arable land area are resulting in the increasing shortage of food and demand for pesticides in the agriculture industry, which is impelling the market growth. Furthermore, due to stringent governmental policies on the utilization of exhaustible fuels, the use of hydrazine is increasing for reducing carbon emissions in the environment.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrazine market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and end use industry.

Breakup by Type:

  • Hydrazine Hydrate
  • Hydrazine Nitrate
  • Hydrazine Sulfate
  • Others
     

Breakup by Application:

  • Corrosion Inhibitor
  • Medicinal Ingredients
  • Precursor to Pesticides
  • Blowing Agents
  • Others
     

Breakup by End Use Industry:

  • Pharmaceuticals
  • Agrochemicals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuro Organics Limited, Arkema, Arrow Fine Chemicals, Finetech Industry Limited, Japan Finechem Inc (Mitsubishi Gas Chemical Company Inc.), Lanxess AG, Lonza Group AG, Merck KGaA, Nippon Carbide Industries Co. Inc., Otsuka-MGC Chemical Company Inc (Otsuka Chemical Co. Ltd.), Tokyo Chemical Industry Co. Ltd and Weifang Yaxing Chemical Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acuro Organics Limited, Arkema, Arrow Fine Chemicals, Finetech Industry Limited, Japan Finechem Inc (Mitsubishi Gas Chemical Company Inc.), Lanxess AG, Lonza Group AG, Merck KGaA, Nippon Carbide Industries Co. Inc., Otsuka-MGC Chemical Company Inc (Otsuka Chemical Co. Ltd.), Tokyo Chemical Industry Co. Ltd and Weifang Yaxing Chemical Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global hydrazine market was valued at US$ 511.8 Million in 2023.

We expect the global hydrazine market to exhibit a CAGR of 6.2% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for hydrazine.

The widespread adoption of hydrazine in various agrochemicals, such as fertilizers, pesticides, and Plant Growth Regulators (PGR), is primarily driving the global hydrazine market.

Based on the type, the global hydrazine market can be categorized into hydrazine hydrate, hydrazine nitrate, hydrazine sulfate, and others. Currently, hydrazine hydrate accounts for the majority of the total market share.

Based on the application, the global hydrazine market has been segregated into corrosion inhibitor, medicinal ingredients, precursor to pesticides, blowing agents, and others. Among these, blowing agents currently hold the largest market share.

 

Based on the end use industry, the global hydrazine market can be bifurcated into pharmaceuticals, agrochemicals, and others. Currently, the agrochemicals industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global hydrazine market include Acuro Organics Limited, Arkema, Arrow Fine Chemicals, Finetech Industry Limited, Japan Finechem Inc (Mitsubishi Gas Chemical Company Inc.), Lanxess AG, Lonza Group AG, Merck KGaA, Nippon Carbide Industries Co. Inc., Otsuka-MGC Chemical Company Inc (Otsuka Chemical Co. Ltd.), Tokyo Chemical Industry Co. Ltd, and Weifang Yaxing Chemical Co. Ltd.

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Hydrazine Market Report by Type (Hydrazine Hydrate, Hydrazine Nitrate, Hydrazine Sulfate, and Others), Application (Corrosion Inhibitor, Medicinal Ingredients, Precursor to Pesticides, Blowing Agents, and Others), End Use Industry (Pharmaceuticals, Agrochemicals, and Others), and Region 2024-2032
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