Who are the key players in Hydrazine Market?

LANXESS, NIPPON CARBIDE INDUSTRIES CO. INC., Otsuka Chemical Co.,Ltd, Arkema and Yibin Tianyuan Group are the major companies operating in the Hydrazine Market. Read More

Which is the fastest growing region in Hydrazine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hydrazine Market?

In 2024, the Asia Pacific accounts for the largest market share in Hydrazine Market. Read More

What years does this Hydrazine Market cover, and what was the market size in 2023?

In 2023, the Hydrazine Market size was estimated at 438.71 kilotons. The report covers the Hydrazine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydrazine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hydrazine Market Size

Market Size of Hydrazine Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR (2024 - 2029)	4.68 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Hydrazine Market Analysis

The Hydrazine Market size is estimated at 459.24 kilotons in 2024, and is expected to reach 577.25 kilotons by 2029, growing at a CAGR of 4.68% during the forecast period (2024-2029).

The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility, wherein agrochemical and other industries were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

The major factor driving the market studied is the increasing demand from the agrochemical and pharmaceutical sectors.
On the flip side, the highly toxic nature of hydrazine (such as it can cause skin burns, eye damage, etc.) is hindering the growth of the market.
The use of hydrazine as an alternative to hydrogen in fuel cells is expected to offer various opportunities for the growth of the market.
Asia-Pacific dominates the market across the world, with the largest consumption from countries such as China and India.

Hydrazine Industry Segmentation

Hydrazine is an inorganic compound. It is a colorless, flammable liquid with an ammonia-like smell. Hydrazine is highly toxic unless handled in solution. Hydrazine is used in several applications, such as a precursor to polymerization catalysts, as rocket fuels, to prepare the gas precursors used in airbags, as a foaming agent in preparing polymer foams, and as a storable propellant for in-space spacecraft propulsion, and is used in pharmaceuticals and agrochemicals, among others.

The hydrazine market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into hydrazine hydrate, hydrazine nitrate, hydrazine sulfate, and other types (hydrazine carbonate, etc.). By application, the market is segmented into corrosion inhibitors, explosives, rocket fuel, medicinal ingredients, precursors to pesticides, blowing agents, and other applications (foaming agents, fuels, etc.). By end-user industry, the market is segmented into pharmaceuticals, agrochemicals, industrial, and other end-user industries (water treatment, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Type
		Hydrazine Hydrate
		Hydrazine Nitrate
		Hydrazine Sulfate
		Other Types (Hydrazine Carbonate, etc.)

Application
		Corrosion Inhibitor
		Explosives
		Rocket Fuel
		Medicinal Ingredients
		Precursor to Pesticides
		Blowing Agent
		Other Applications (Foaming Agent, Propellants, etc.)

End-user Industry
		Pharmaceuticals
		Agrochemicals
		Industrial
		Other End-user Industries (Water Treatment, etc.)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

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Hydrazine Market Size Summary

The hydrazine market is poised for steady growth, driven primarily by increasing demand from the agrochemical and pharmaceutical sectors. Despite the initial setbacks caused by the COVID-19 pandemic, which led to production slowdowns and economic disruptions, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The use of hydrazine as a precursor in pharmaceutical applications, such as cancer treatment and tuberculosis medication, underscores its significance in the industry. However, the market faces challenges due to the highly toxic nature of hydrazine, which poses safety concerns. Nonetheless, opportunities for growth are emerging through its application as an alternative to hydrogen in fuel cells.

The Asia-Pacific region dominates the hydrazine market, with significant consumption in countries like China and India, driven by their expanding pharmaceutical and agrochemical industries. China's robust pharmaceutical sector, supported by government initiatives like "Healthy China 2030," and India's growing pharmaceutical market, are key contributors to the region's market strength. Additionally, hydrazine's role in producing agrochemicals, such as fertilizers and pesticides, further bolsters market growth. The fragmented nature of the market sees major players like LANXESS, NIPPON CARBIDE INDUSTRIES CO. INC., and Otsuka Chemical Co., Ltd. actively participating in the market, with recent developments indicating a focus on meeting the rising demand in drug development and manufacturing.

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Hydrazine Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand from Agrochemicals
  2. 1.1.2 Growing Applications in Pharmaceutical Industry
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Highly Toxic Nature of Hydrazine
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Type
  1. 2.1.1 Hydrazine Hydrate
  2. 2.1.2 Hydrazine Nitrate
  3. 2.1.3 Hydrazine Sulfate
  4. 2.1.4 Other Types (Hydrazine Carbonate, etc.)
2. 2.2 Application
  1. 2.2.1 Corrosion Inhibitor
  2. 2.2.2 Explosives
  3. 2.2.3 Rocket Fuel
  4. 2.2.4 Medicinal Ingredients
  5. 2.2.5 Precursor to Pesticides
  6. 2.2.6 Blowing Agent
  7. 2.2.7 Other Applications (Foaming Agent, Propellants, etc.)
3. 2.3 End-user Industry
  1. 2.3.1 Pharmaceuticals
  2. 2.3.2 Agrochemicals
  3. 2.3.3 Industrial
  4. 2.3.4 Other End-user Industries (Water Treatment, etc.)
4. 2.4 Geography
  1. 2.4.1 Asia-Pacific
    1. 2.4.1.1 China
    2. 2.4.1.2 India
    3. 2.4.1.3 Japan
    4. 2.4.1.4 South Korea
    5. 2.4.1.5 Rest of Asia-Pacific
  2. 2.4.2 North America
    1. 2.4.2.1 United States
    2. 2.4.2.2 Canada
    3. 2.4.2.3 Mexico
  3. 2.4.3 Europe
    1. 2.4.3.1 Germany
    2. 2.4.3.2 United Kingdom
    3. 2.4.3.3 Italy
    4. 2.4.3.4 France
    5. 2.4.3.5 Rest of Europe
  4. 2.4.4 South America
    1. 2.4.4.1 Brazil
    2. 2.4.4.2 Argentina
    3. 2.4.4.3 Rest of South America
  5. 2.4.5 Middle East and Africa
    1. 2.4.5.1 Saudi Arabia
    2. 2.4.5.2 South Africa
    3. 2.4.5.3 Rest of Middle East and Africa