Hydrazine Hydrate Market

The global hydrazine hydrate market is expected to advance at 4.8% between 2023 to 2033. By 2033, the market value is expected to cross USS 784 million. In 2023, the valuation is expected to be USS 488.9 million.

Significant Factors Which Might Propel The Market Growth Are:

 1. Increasing water pollution

 2. Surging adoption in the aerospace market

 3. Growing usage in the automobile industry

Increase in global population, growing pharmaceutical, and agrochemicals industries are expected to drive the market growth. Surge in the adoption of polymer and blowing agents for the production of plastics and polymers are expectedto boost the demand. Azobisisobutyronitrile and Azodicarbonamide are one of the most important derivatives of hydrazine hydrate, and are employed in the form of polymerization initiators and low temperature blowing agents.

Increase usage of hydrazine hydrate for various commercial applications such as rocket fuels owing to its explosive and flammable nature may create significant opportunities. Hydrazine hydrate is stable over a wide range of temperatures.which is believed to be a crucial aspect, The rocket would experience variety of temperatures, right from launching till the time it passes through different spheres. The ability to work as monopropellants is also expected to surge the demand for hydrazine hydrate during the forecast period.

Hydrazine hydrate is used for water treatment as well. Presence of oxygen in water leads to corrosion of metals, and this may lead to heavy losses especially in various industrial processes. The application of hydrazine hydrate removes oxygen from the water, and makes it suitable for industrial usage.

The automobile sector is making use of hydrazine hydrate because of its ability to control carbon emissions, as water and nitrogen are only substances that are emitted. The output density that was obtained by the adoption of hydrazine hydrate is comparable to that of hydrogen fuel cells.

In the current times, hydrazine hydrate is also used for manufacturing pesticides. They offer excellent resistance against two-spotted spider mite, carmine spider mite, etc. The global pesticide market was valued at US 8 billion in 2022, and is expected to grow at 7%. These figures represent huge prospects for the market.

However, the hydrazine hydrate may some serious implications on health. Unwarranted usage may lead to seizures and tumors, and in extreme cases the nervous system might get damaged.

Asia Pacific is expected to dominate the market during the forecast period. Burgeoning automobile market, coupled with massive growth of electrical industry is expected to drive the market growth during the forecast period. Rapid urbanization has led to the establishment of many industrial plants, which has propelled the demand for hydrazine hydrate in the region. This is also supported by the government initiatives, which is all about investing in the end user industries, like electronics sector.