Industry Analysis Hydrazine Market Global Opportunity Analysis | Page 2

Description:
Hydrazine is a toxic, colorless sensitizer and irritant in its anhydrous form, which damages the central nervous system and causes seizures and tumors. It has a pungent smell and is a powerful reducing agent. It is highly explosive in unstable state. Hydrazine is mainly used during polymerization and for the treatment of water. It is also used as rocket fuel and for the preparation of gas precursors used in air bags in automobiles. Moreover, hydrazine is used in space vehicles in the form of propellant to reduce the overall concentration of dissolved oxygen. In addition, it finds major use in industrial boilers to control the pH of water.
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The production of hydrazine involves various processes such as Raschig process, urea process, and H2O2 process. Among all these, the Raschig process is the most widely used process for the commercial production of hydrazine. The chemical majorly finds its application in the production of foaming agents, such as azodicarbonamide. When azodicarbonamide is bubbled via a liquid polymer precursor, it decomposes to nitrogen, carbon monoxide, carbon dioxide, and ammonia thermally. Hence, these gases further form bubbles in the hydrazine liquid and thus polymerize to leave a foamy and lightweight plastic.
At present, the global hydrazine market witnesses vivid opportunities due to rise in demand for polymer foams in the polymer industry. The global hydrazine market is expected to account for $ 485 million by 2022, registering a CAGR of 6.5 % from 2016 to 2022.
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Different applications of hydrazine in 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 global hydrazine market during the forecast period. In addition, growth in need for agrochemicals due to rise in demand for high quality agricultural products especially for food is another key aspect that drives the global hydrazine market. Geographically, Asia-Pacific and North America are the key regions in this market and are slated to foresee significant growth owing to increase in applications of hydrazine as a precursor to blowing agent in the polymer industry. However, extreme toxicity of hydrazine is one of the key elements anticipated to pose serious threat to the global hydrazine market. Furthermore, various environmental and industry regulations imposed by the National Institute for Occupational Safety and Health and OSHA, USA is also a major restraint in the global market.
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