The global hydrazine market size was
valued at $314 million in 2015 and is expected to reach $485 million by 2022,
registering a CAGR of 6.5% during the forecast period.
Hydrazine market was valued at
$314 million in 2015 and is projected to reach $485 million by 2022, growing at
a CAGR of 6.5% from 2016 to 2022, according to new research published by Allied
Market Research. The blowing agents segment held nearly one-third of the total
market in 2015.
Download PDF Report Sample @ www.alliedmarketresearch.com/request-sample/1875
Hydrazine is mainly used during
polymerization, for the treatment of water, and as a blowing agent. It is also
used in the preparation of gas precursors used in air bags in automobiles.
The chemical also finds its
application in space vehicles in the form of propellant to reduce the overall
concentration of dissolved oxygen and as a rocket fuel.
At present, the global hydrazine
market witnesses vivid opportunities due to rise in demand for polymer foams in
the industry. Moreover, wide array of applications of hydrazine in a vast range
of products such as foamed core pipes, food containers, structural foam, wood
grain furniture, and vinyl sheets is another factor anticipated to propel the
growth of the market during the forecast period.
In addition, rise in need for
agrochemicals due to demand for high quality agricultural products especially
for food is another key aspect that drives the global hydrazine market.
Hydrazine is expected to register the
highest growth in blowing agent (foaming agents) applications owing to rise in
use as a reducing agent. Furthermore, as a reducing agent, hydrazine possesses
advantages such as higher operating reliability, longer equipment life cycle, energy
saving, and maintenance cost reduction.
In addition, the increase in use of
agrochemicals to increase the crop yield and the demand for improved quality of
agricultural products is expected to empower the hydrazine market growth.
Make an Enquiry @ www.alliedmarketresearch.com/-enquiry/1875
Agrochemicals segment accounted for
around one-fifth share, in terms of volume, in 2015. In response to the
perennial modifications in the agrochemical industry, efficient agrochemicals
are currently in high demand across the globe.
Thus increase in demand for high tech
agricultural solutions along with rise in adoption of modern agricultural
techniques involving the use of agrochemicals fuel the demand for hydrazine
across the globe.
Key findings of Hydrazine Market:
- In terms of value, the agrochemicals segment
is projected to be the fastest growing segment during the analysis period.
- Asia-Pacific is projected to maintain its lead
position throughout 2022 and will grow at a CAGR of 5.0%, in terms of
volume.
- Blowing agents application segment occupied
for approximately one-third of the total market in 2015.
- China occupied for around one-fourth of the
total Asia-Pacific hydrazine market in 2015.
- In terms of value, Korea is expected to grow
at the fastest rate and is expected to grow at a CAGR of 8.0% from 2016 to
2022
In 2015, Asia-Pacific and LAMEA
collectively accounted for around three-seventh of the total hydrazine market
and are expected to continue this trend due to increase in infrastructural
development, specifically in China, India, Brazil, and other developing
economies. Moreover, rise in urban population demanding thermal power plants is
the main reason for the growth of hydrazine market in the Asia-Pacific region.
The major companies profiled in the
report include Arkema Inc., Bayer AG, Fisons plc, Arrow Fine Chemicals, Arch
Chemicals, Inc., Nippon Carbide Industries Co. Inc., Japan Finechem Company,
Inc., Lanxess AG, Lansdowne Chemicals, and Hidkim.
Access Full Summary @ www.alliedmarketresearch.com/hydrazine-market
About
Us
Allied
Market Research (AMR) is a full-service market research and business-consulting
wing of Allied Analytics LLP based in Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small businesses
with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to provide
business insights and consulting to assist its clients to make strategic
business decisions and achieve sustainable growth in their respective market
domain.
We
are in professional corporate relations with various companies and this helps
us in digging out market data that helps us generate accurate research data
tables and confirms utmost accuracy in our market forecasting. Each and every
data presented in the reports published by us is extracted through primary
interviews with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and offline
research and discussion with knowledgeable professionals and analysts in the
industry.
Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
No comments:
Post a Comment