Hydrazine hydrate is a highly reactive and unstable inorganic chemical compound. It has a pungent smell like that of ammonia and is a powerful reducing agent, which is highly explosive when in unstable state. It is a flammable compound which is colorless in appearance. Owing to its high reactivity, hydrazine hydrate is used in various industrial applications. It is mainly used as a foaming agent in polymer foams. In the agrochemicals sector, it helps in the manufacturing of pyrazole and its derivatives. Hydrazine hydrate is also used as an oxygen scavenger in water treatment plants. Additionally, hydrazine hydrate is also used in the production of several drugs for veterinary applications. It is also used in the treatment of tuberculosis in the pharmaceutical sector.

The global hydrazine hydrate market is projected to reach USD 531.1 Million by 2022. Hydrazine hydrate is a highly reactive, powerful, colorless, and highly explosive unstable inorganic chemical compound. Owing to its high reactivity, hydrazine hydrate is used in various industrial applications. Hydrazine hydrate is used in polymerization & blowing agents, water treatment, agrochemicals, and pharmaceuticals applications. These applications drive the hydrazine hydrate market, globally. In 2016, the polymerization & blowing agents segment accounted for the largest share of the global hydrazine hydrate market and is expected to continue to lead during the forecast period. With growing demand for polymer products in various applications in automobile, electronic gadgets, and footwear industries, the demand for hydrazine hydrate in the polymers & blowing agents segment is likely to increase significantly in the coming years. Based on concentration level, the 60%-85% segment is projected to grow at the highest CAGR between 2017 and 2022. The 60%-85% concentration level hydrazine hydrate is majorly used in chemical synthesis, manufacturing of veterinary drugs, polymerization process initiation, or as a blowing agent. It is expected to be the fastest-growing concentration level segment of the hydrazine hydrate market, in terms of value, during the forecast period due to its ability to manufacture hydrazine salts from inorganic acids. Growth in the agrochemicals and water treatment industries has led to an increase in the demand for hydrazine hydrate. In 2016, Asia Pacific accounted for the largest share of the global hydrazine hydrate market. China is expected to account for the largest share of the Asia Pacific hydrazine hydrate market till 2022, whereas, this market in India is anticipated to grow at the highest CAGR during the forecast period. Hydrazine hydrate is toxic in nature. The toxic nature and carcinogenic properties of hydrazine hydrate pose a serious threat to the growth of this market. Several environmental and industry usage regulations are imposed by Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH), which is likely to impact the growth of the global hydrazine hydrate market. Hydrazine hydrate has also been classified as Group 2B by the International Agency for Research on Cancer (IARC) as well as the Environmental Protection Agency (EPA). Companies have adopted strategies such as new product development to enhance their market shares in the global hydrazine hydrate market. These companies engage in research & development activities to innovate and develop products that can open new avenues of applications. For instance, Arkema launched new derivatives of hydrazine hydrate at the CPhI 2014 trade show in France. These new derivatives are used as intermediates in synthesis of active ingredients to manufacture various medicines. Through this development, the company is focusing on expanding the application areas of hydrazine hydrate in the pharmaceuticals industry.

Hydrazine Hydrate Market vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.