Hydrazine Hydrate Market 2023 Is Booming Across The Globe By future, Key Segments And Forecast To 2032
Overview Hydrazine hydrate is a colorless, highly reactive chemical compound with the formula N2H4·H2O. It is a versatile chemical with a wide range of applications in industries such as aerospace, pharmaceuticals, agrochemicals, and polymers. The global hydrazine hydrate market is expected to grow at a compound annual growth rate (CAGR) of 5.83% from 2023 to 2030, reaching a value of USD 0.81 billion by 2030. This growth is being driven by a number of factors, including the increasing demand for polymer foams, the growing pharmaceutical industry, and the rising demand from the agrochemicals industry. Applications Hydrazine hydrate has a wide range of applications, including: Aerospace: Hydrazine hydrate is used as a fuel in rockets and spacecraft. It is also used as a monopropellant in attitude control systems. Pharmaceuticals: Hydrazine hydrate is used in the production of a variety of pharmaceutical products, including antibiotics, antifungals, and anticancer drugs. Agrochemic