APAC Hydrazine Hydrate Market is slated to record highest growth rate in the next seven years
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According to Global Market Insights, Inc., Global Hydrazine Hydrate Market is projected to collect a revenue of USD 547.6 million by the end of 2024, with an estimated CAGR of 4.9% over 2016-2024. Hydrazine hydrate also finds wide application in wastewater treatment chemicals and pharmaceuticals sectors. Booming wastewater treatment chemicals market is expected to contribute significantly towards hydrazine hydrate industry revenue over the next few years. Rapidly expanding pharmaceuticals sector will also accelerate the hydrazine hydrate market demand, with hydrazine as a precursor to many pharmaceuticals. It also finds application in tuberculosis treatment and foliar treatment of potatoes.
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In response to the surging global population and the increasing food demand curve, agrochemical sector is prominently driving the application landscape. The urgent need to increase the crop yield and improve food quality is in a way pushing the demand for agrochemicals. In 2015, overall agrochemical market accounted for a revenue of USD 70 billion and is estimated to grow significantly at an annual rate of 6 % over the coming seven years, significantly impacting the growth prospect of hydrazine hydrate market as well. These inorganic polymers are in high demand in pesticides manufacturing units, as they are extensively used in making pyrazole and its related derivatives. Agrochemical sector majorly contributed toward the global share in 2015, by accounting for almost 30% of the total market.
With blowing agents and polymerization as the prime growing segments, APAC hydrazine hydrate market is slated to record highest growth rate in the next seven years, with a revenue projection of USD 300 million by 2024.Till late 90’s, the industry was mainly dominated by North American countries. However, following the implementation of stringent regulatory norms by the government in regard to the minimal usage of the product, due to the associated health hazards, North America hydrazine hydrate market had experienced a downfall pertaining to its growth rate.
Asia Pacific at the growth forefront, agrochemical applications are foreseen to boost overall hydrazine hydrate market share in the years ahead. Asia Pacific hydrazine hydrate industry led the global market in 2015, covering almost 35% of the total volume. High hydrazine hydrates demand in polymer and agrochemical industries is catering the regional market growth. Heavy manufacturing and production base in India, China, and Southwest Asian countries is encouraging the regional market expansion.
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Hydrazine Hydrate Market players will try to increase their profits through product innovations, high R&D investments, and mergers & acquisitions. Key industry participants include Yibin Tianyuan Group Company Limited, Weifang Yaxing Chemical Company Limited, Lonza Group Limited, Otsuka-MGC Chemical Company Incorporation, LANXESS, Arkema SA, Nippon Carbide Industries Company Incorporation, Tanshang Chen Hong Industrial Company Limited, Hunan Zhuzhou Chemical Industry Group Company Ltd, and Japan Fine Chemical Incorporation.
Major Point From Table Of Content:
Chapter 3. Hydrazine Hydrate Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor matrix
3.4. Hydrazine hydrate industry impact forces
3.4.1. Growth drivers
3.4.1.1. Strong outlook for polymer foams in polymer industry
3.4.1.2. Rising demand in agrochemical industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Health and environmental hazards associated with hydrazine hydrate
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Company market share analysis, 2015
3.7.1. Strategic landscape
3.8. PESTEL analysis
3.9 Regional price trends
3.9.1. Cost structure analysis
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source URL: https://marketersmedia.com/by-2024-hydrazine-hydrate-market-to-reach-more-than-usd-547-million/88918241
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Release ID: 88918241
