Market Size of Hydrazine Hydrate
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Hydrazine Hydrate Market Analysis
The market for Hydrazine Hydrate is expected to register a CAGR of over 4% during the forecast period.
In 2020, COVID-19 highly impacted industry growth owing to the raw materials shortage and supply chain disruption. However, the surging application in the pharmaceutical industry propelled industry growth after the pandemic.
- Major factors driving the market studied are increasing demand for polymerization, blowing agents, and growing demand from the pharmaceutical sector.
- On the flip side, stringent regulations imposed on hydrazine hydrate owing to its carcinogenic & toxic nature are the major restraints expected to hinder the market's growth.
- The growing application of hydrazine hydrate in the agrochemical industry is expected to offer various lucrative opportunities for market growth.
- Asia-Pacific dominated the global market with the largest consumption from countries such as China, South Korea, and India.
