Global Hydrazine Market 2017-2021
Hydrazine is a secondary amines family member. It is an inorganic chemical compound with the formula N2H4. It is a colorless liquid with an ammonia-like odor and is manufactured by the same industrial process that produces ammonia. Hydrazine exhibits physical properties like that of water. It is highly unstable and toxic and is thus handled with care. It is used as a foaming agent in the preparation of polymer foams. Other applications include pharmaceutical and precursor to polymerization catalysts. Hydrazine can be produced by the Raschig process, Bayer process, and H2O2 process. Ammonia, urea, sodium hypochlorite, and hydrogen peroxide are the basic raw materials used in the production of hydrazine.
Technavio’s analysts forecast the global hydrazine market to grow at a CAGR of 6.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydrazine market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the marine coating from various derivative types.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydrazine Market 2017-2021
Technavio recognizes the following companies as the key players in the global hydrazine market: Arkema, Arrow Fine Chemicals, Bayer, Chemtex Speciality Limited, Japan Finechem, Lansdowne Chemicals, LANXESS, Lonza, NIPPON CARBIDE INDUSTRIES, and Palm Commodities International.
Other Prominent Vendors in the market are: BOC Sciences, Charkit Chemical Company, Chemicals Incorporated, GFS Chemicals, Haviland, Laysan Bio, Mil-Spec Industries, Seidler Chemical, and Spectrum Chemical Manufacturing Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Capacity expansion in APAC. Factors such as the increase in the number of end-user industries in APAC rising urbanization, especially in China, India, Indonesia, and other developing countries are expected to have a positive influence on the global hydrazine market.”
According to the report, one of the major drivers for this market is Surge in demand for high quality agrochemicals. The global demand for hydrazine is expected to witness a steady growth primarily due to the increased production of pesticides and herbicides in China, the Netherlands, Germany, and India. Many large players in the market are investing in the development and manufacturing of crop protection chemicals. The increasing demand for these products urges global players to enhance their portfolio by offering new crop protection products. The increasing use of 2, 4-dichlorophenoxyacetic acid promotes agriculture and the global hydrazine (derivatives) market. In Australia, 2,4- dichlorophenoxyacetic acid is the second-most popular weed control. The increasing number of agriculture-based industries in China, India, and Brazil, owing to favorable government policies and easy availability of raw materials, is expected to accelerate the demand for pesticide and herbicides.
Further, the report states that one of the major factors hindering the growth of this market is Use of alternative solutions. Chemical alternatives to hydrazine are used in the boiler plants of some industries for long-term operations. Currently, the use of such alternative chemicals by power utilities is prevalent only in Europe and the US. The use of such chemicals power plants in Asia is in the initial stages. Sodium sulfite (common in low- and medium-pressure systems) and sodium erythorbate are some of the few alternatives to scavenger chemicals. Hydrazine is hazardous and harmful to the environment. R&D activities undertaken by players focus on developing alternatives to hydrazine. Accepta has developed a high-performance carbohydrazide-based boiler water oxygen scavenger that is used as a direct replacement for hydrazine. These replacements adversely affect the consumption of hydrazine and pose a challenge to the global hydrazine market.
Arkema, Arrow Fine Chemicals, Bayer, Chemtex Speciality Limited, Japan Finechem, Lansdowne Chemicals, LANXESS, Lonza, NIPPON CARBIDE INDUSTRIES, Palm Commodities International, BOC Sciences, Charkit Chemical Company, Chemicals Incorporated, GFS Chemicals, Haviland, Laysan Bio, Mil-Spec Industries, Seidler Chemical, and Spectrum Chemical Manufacturing Corporation.
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