The hydrazine hydrate market refers to the industry involved in the production, distribution, and sale of hydrazine hydrate, a chemical compound with the formula N2H4·H2O. Hydrazine hydrate is a colorless liquid with a strong ammonia-like odor. It is highly reactive and has diverse applications in various industries.

The report "Hydrazine Hydrate Industry by Concentration Level (24%-35%, 40%-55%, 60%-85% & 100%), Application (Polymerization & Blowing Agents, Pharmaceuticals, Agrochemicals, Water Treatment), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2027", size was USD 222 million in 2021 and is projected to reach USD 308 million by 2027, at a CAGR of 5.8% from 2022 to 2027.

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The hydrazine hydrate market is driven by the demand from these industries, particularly the aerospace and defense sectors. The increasing focus on space exploration and defense activities fuels the demand for hydrazine hydrate as a propellant and a component in rocket fuels. Additionally, the need for efficient water treatment solutions, growth in the pharmaceutical industry, and demand for agrochemicals contribute to the market's expansion.