Hydrazine Hydrate Market Share | Emerging Technologies, Opportunity, Leading Key Players and Forecast 2020 to 2027
Hydrazine hydrate is an inorganic chemical compound, produced by reacting sodium hypochlorite with ammonia or urea. It is highly toxic and corrosive in nature and may react explosively with heavy metal oxides and dehydrating agents. The product is used as a reducing agent in analytical reactions and as a solvent for many inorganic compounds. It is also used as a propellant for rocket engines. The global hydrazine hydrate market has been classified on the basis of concentration level, application, and region. Based on the concentration level, the global hydrazine hydrate market can be divided into 24%-35%, 40%-55%, 60%-85%, and 100%. Among these, hydrazine hydrate with a concentration in the range 60%-85% accounted for the largest share in 2020 and is expected to grow at the highest CAGR during the forecast period, owing to its widespread applications in the production of veterinary drugs and blowing agents, chemical synthesis, and polypropylene catalysts. In addition to this, the prod