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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