EMEA Tops the Global Hydrazine Market – Technavio

January 1, 2018

LONDON–(BUSINESS WIRE)–#Chemicals–The global
hydrazine market is expected to grow at a CAGR of above 6% during
the forecast period, according to Technavio’s latest market research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global
Hydrazine market for 2017-2021. The market is further categorized
into four application segments, including polymerization and blowing
agents, water treatment, agrochemicals, and pharmaceuticals.

Technavio’s research analysts segment the global Hydrazine market into
the following regions:

EMEA
Americas
APAC

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EMEA: largest Hydrazine market

EMEA is projected to be the largest producer and consumer of hydrazine
during the forecast period. The main drivers for hydrazine in EMEA is
growth in the water treatment and pharmaceutical industries. Water
treatment chemicals (WTCs) in Europe are used for disinfection and
clarification of water. It is used for purifying brackish and/or
wastewater. Key users of hydrazine are the F&B and paper and pulp
industries. The region is the largest consumers of WTCs due to the
presence of many water purification industries in Germany, France, the
UK, Italy, and Spain. Key players such as Akzo Nobel and Arkema are the
major producers of WTCs and technology leaders in this region.

“Due to the restrictions on the usage of chemicals and stringent
environmental safeguards, the WTC market in EMEA is expected to witness
a slow growth. Stringent regulations on the use of chemicals by the
water treatment industry and other end-users are being implemented by
the European Union. However, the increasing popularity of these water
treatment technologies, industrial expansion and the high demand for
water recycling are expected to drive the demand for hydrazine in Europe
during the forecast period,” says Kshama Upadhyay, a lead specialty
chemicals research expert from Technavio.

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Hydrazine market in the Americas

In terms of consumption of hydrazine and its derivatives, the Americas
is the second-largest market. The increase in demand for hydrazine by
the agrochemical, blowing agents, and water treatment industries in the
US and Canada is expected to drive the market. The increase in the
demand for PU polymeric foams by the construction and automotive
industries is expected to propel growth in this region. One other factor
that is driving the market, is the high demand for various types of foam
blowing agents for manufacturing PU foam. The low global warming
potential (GWP) and zero ozone potential depletion (OPD) of the foam
blowing agents is attributed to the growth of the foam blowing agents
market in the region.

“Due to the increase in R&D activities and the use of the chemical in
waste reduction the growth momentum is expected to accelerate during the
forecast period. However, environmental regulations imposed by the US
Food and Drug Administration pose a hindrance for the market in this
region,” says Kshama.

Hydrazine market in APAC

The highest CAGR during the forecast period is from APAC. Increasing
consumption of hydrazine and its derivatives in end-user industries such
as agricultural, pharmaceuticals, agrochemicals, industrial, and water
treatment are the factors leading to the market growth in this region.
Expansion of the polymer industry in countries such as China and India
is anticipated to drive the global hydrazine market in APAC during the
forecast period.

Another factor that is leading to the growth in APAC is the flourishing
hydrazine market in developing countries such as China, Indonesia,
Malaysia, and India. APAC is considered to be the most lucrative market
during the forecast period. The need for water treatment chemicals has
grown significantly due to the rapid increase in population and scarcity
of potable water.

Some of the top vendors in the global
hydrazine market as highlighted in this market research analysis are:

Arkema
Arrow Fine Chemicals
Bayer
Chemtex Specialty Limited
Japan Finechem

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