Ocean View, Delaware, Dec. 12, 2016 (GLOBE NEWSWIRE) -- Hydrazine Hydrate Market size is set to reach USD 547.6 million by 2024; according to a new research report by Global Market Insights, Inc.
Steady growth in the polymer industry is expected to propel the global hydrazine hydrate market size, with its primary usage as a precursor to blowing agents in polymer foams. In 2015, polymer foam industry accounted for a volume of more than 2 million tons all over the world and will cross 3 miliion tons by 2024. With varied application of polymer foams in construction, automotive, packaging, or furniture industries, the market is forecast to have a healthy growth in the forecast timeframe.
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With increasing food demand owing to the escalating global population, the agrochemical industry will act as a major driver for hydrazine hydrate market share growth. The growing use of agrochemicals in order to increase the crop yield and improve the quality of agricultural products to meet the demand of over 7 billion people in the world will have a great influence on product development. With its extensive usage to manufacture pyrazole and pyrazole derivatives, hydrazine hydrate is very useful in the pesticides industry. In 2015, the agrochemical market was worth USD 70 billion with a decent growth rate over the forecast timeframe
Water treatment industry and the pharmaceutical industry are other key demand drivers. The exceeding use of hydrazine hydrate in producing veterinary drugs and for curing tuberculosis is expected to influence the global market. With new developments in the application sector of the product in manufacture of clean and eco-friendly fuel cells, a new window for growth is expected in the future.
Browse key industry insights spread across 105 pages with 89 market data tables & 12 figures & charts from the report, “Hydrazine Hydrate Market Size By End-User (Water Treatment, Pharmaceuticals, Polymerization & Blowing Agents, Agrochemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hydrazine-hydrate-market
Key insights from the report include:
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Hydrazine hydrate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
The above information has been provided for the following regions and countries:
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