Market Size of Hydrazine Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 459.24 kilotons |
| Market Volume (2029) | 577.25 kilotons |
| CAGR (2024 - 2029) | 4.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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.
