Hydrazine Hydrate Market Is Expected to Hit US$ 536.3 Mn by 2022: Transparency Market Research

Albany, NY -- (ReleaseWire) -- 05/28/2015 -- Hydrazine hydrate is an inorganic compound used in various end-user industries owing to its wide range of chemical properties. Hydrazine hydrate is commercially manufactured using three production processes such as Olin-Raschig process, Bayer-Ketazine process and Peroxide process. These production process use various raw materials such as ammonia, hydrogen peroxide, sodium hypochlorite and acetone along with catalysts. Hydrazine hydrate is majorly used in polymer industry as blowing agent. The application of hydrazine hydrate in polymer industry is likely to act as a major driver to the hydrazine hydrate market in the next eight years. Moreover, the application of hydrazine hydrate in agrochemicals and pharmaceutical for manufacturing intermediates is also expected to improve the demand for hydrazine hydrate during the forecast period. In terms of revenue, the global hydrazine hydrate market was valued at US$ 350.0 Mn in 2013 and is projected to reach US$ 536.3 Mn by 2022, expanding at a CAGR of 4.9% from 2014 to 2022.