Global Hydrazobenzene Market to be Driven by Increased Demand in Pharmaceutical Industry

San Francisco, California, October 26, 2018: A recent market research report by TMR Research is a thorough analytical assessment of the growth prospects of the global hydrazobenzene market. According to the report, titled “Hydrazobenzene Market – Global Industry Analysis, Size, Share, Trends and Forecast 2017–2025,” the market will benefit from the increased uptake of hydrazobenzene in the pharmaceutical industry and register a promising CAGR over the report’s forecast period.

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The market is also expected to be driven by the increased focus of leading vendors on the development of more sustainable products through, large sums being devoted to R&D activities, and the rising demand for hydrogen peroxide in the water treatment industry. However, the carcinogenic properties of hydrazobenzene is projected to hamper the overall growth of the market over the next few years. Prolonged exposure to the material could prove harmful to living organisms, attracting several regulations pertaining to its usage and disposal.

Geographically, the market in Asia Pacific is presently the most promising regional market in terms of growth opportunities and is likely to outpace other regional markets in terms of growth pace and new growth opportunities over the report’s forecast period. Factors such as the rising set of applications in the industrial sector in developing countries of India and China will be the key driving force for the Asia Pacific hydrazobenzene market over the report’s forecast period.

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Additionally, the steady expansion of the agro-chemical industry in the past few years will also boost the demand for hydrazobenzene in Asia Pacific over the report’s forecast period. The application of hydrazobenzene in the agrochemical sector as a de-suckering agent is expected to significantly drive the demand for hydrazobenzene in the next few years in the region. Furthermore, the increasing numbers of hydrazobenzene companies in the region are also expected to drive the demand for hydrazobenzene over the forecast period.

Some of the leading companies operating in the global hydrazobenzene market are Tokyo Kasei Kogyo (TKK), Alfa Aesar, Gihi Chemicals Co., Limited, IBIS Chemie International, and Chemos GmbH.

Hydrazobenzene Market – Region-wise Outlook Foreseen during 2017- 2025

Global Hydrazobenzene Market: Snapshot

Hydrazobenzene is chemically studied to be a crystalline and colorless compound that when heated to decomposition discharges virulent nitrogen oxide fumes. It could find application in the manufacture of various pharmaceuticals while functioning as an intermediate. The dye manufacturing sector could engage hydrazobenzene primarily as an antecedent of benzidine, which is a dye intermediate. Based on experimental findings that prove the carcinogenicity of hydrazobenzene, it is rationally predicted to be a human carcinogen. Moreover, if humans are exposed to this compound, it can cause brain, kidney, and liver damage while irritating the lungs, throat, nose, and skin.

Each country in the global hydrazobenzene market could have its own list of key suppliers. In both the U.S. and Europe regions, Chemos GmbH & Co. KG has been making its mark with more than 25 years of quality experience in the fine chemical industry. With a robust network incorporating chemical producers and custom manufacturing firms, Chemos operates as a strong support to the chemical companies and research institutions positioned in the aforementioned regions. Likewise, there could be Hangzhou Dayangchem Co. Ltd. and IBIS Chemie International operating as top companies in the People’s Republic of China and India respectively.

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According to the globally harmonized system of classification and labelling of chemicals (GHS), hydrazobenzene is very toxic to the aquatic environment with enduring effects to face and may even lead to cancer. Therefore, as per the laboratory chemical safety summary (LCSS), manufacturers and end users of this substance are required to follow certain regulations related to storage and handling, cleanup and disposal, exposure limit, first aid, and health and symptoms.

Global Hydrazobenzene Market: Overview

The rising number of applications of hydrazobenzene and the rising focus of key players on research and development activities are the key factors fueling the growth of the global hydrazobenzene market. Furthermore, the demand for hydrogen peroxide for the purpose of water treatment is anticipated to encourage the growth of the market.

The research report provides analysis of the global hydrazobenzene market on a regional and global level. The study offers historical information and presents the forecast statistics between 2017 and 2025 in terms of revenue and volume. The key segmentation and the major factors encouraging the growth of the global hydrazobenzene market have been provided in the research study to provide a strong understanding for readers and new entrants. Furthermore, to provide a thorough view of the global market, the research study has included a detailed competitiveness analysis and a list of the leading company players.

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Global Hydrazobenzene Market: Drivers and Restraints

The growing demand for hydrazobenzene from the pharmaceutical industry is the key factor expected to encourage the growth of the market in the next few years. In addition, the rising consumption of phenylbutazone and sulfinpyrazone in manufacturing different pharmaceutical products is expected to accelerate the growth of the global hydrazobenzene market in the forecast period. On the flip side, the carcinogenic properties of hydrazobenzene, which is considered as extremely harmful for human being due to prolonged exposure is one of the major factors projected to hamper the growth of the global hydrazobenzene market in the next few years. Nonetheless, the rising number of applications of hydrazobenzene and the growing demand from the automotive industry are likely to supplement the growth of the market in the next few years.

Global Hydrazobenzene Market: Region-wise Outlook

Among the key regional segments in the hydrazobenzene market, Asia Pacific is estimated to witness rapid growth in the next few years. With the rising number of applications, this region is projected to account for a key share of the overall market and register a progressive growth. The high growth of this region can be attributed to the rising demand for hydrazobenzene from pigments and dyes industry.

In addition, the swift development of the agro-chemical sector in Asia Pacific is projected to boost the demand for hydrazobenzene throughout the forecast period. The agrochemical application of hydrazobenzene as a de-suckering agent, especially in tobacco plants is likely to contribute substantially in developing economies of Asia Pacific, including China, Indonesia, India, Malaysia, and Thailand. Furthermore, the increasing number of players in this region is expected to encourage the growth of the hydrazobenzene market throughout the forecast period.

Key Players Mentioned in the Research Report are:

The research study on the global hydrazobenzene market offers a detailed analysis of the competitive landscape, presenting insights into the prominent players operating in the market. In addition, the company profiles, financial overview, contact information, SWOT analysis, and the recent developments have been discussed at length in the scope of the study. Some of the key players operating in the market are Alfa Aesar, IBIS Chemie International, Gihi Chemicals Co., Limited, Tokyo Kasei Kogyo (TKK), and Chemos GmbH.

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Rising Usage in Pharmaceutical Industry Drives Hydrazobenzene Market

San Francisco, California, July 05, 2017: The global market for hydrazobenzene is the focus of analysis of a recent market research report by TMR Research. The report, titled “Hydrazobenzene Market – Global Industry Analysis, Size, Share, Trends and Forecast 2017–2025.” The market is expected to benefit most from the rising focus of leading companies on R&D activities aimed at the development of more sustainable products and an increasing set of applications.

Moreover, the market is expected to be fueled due to the rising demand for hydrogen peroxide in the sector of water treatment. The rising usage of hydrazobenzene in the pharmaceutical industry is another key factor fueling the growth of the global hydrazobenzene market in the next few years. Additionally, the rising usage of sulfinpyrazone and phenylbutazone in the manufacture of a variety of pharmaceutical products will also drive the global hydrazobenzene market over the report’s forecast period. However, the carcinogenic properties of hydrazobenzene is projected to hamper the overall growth of the market over the next few years. Prolonged exposure to the material could prove harmful to living organisms, attracting several regulations pertaining to its usage and disposal.

From a geographical standpoint, the market for hydrazobenzene in Asia Pacific is presently the most promising region in terms of growth opportunities and will dominate other regional markets in terms of growth pace over the report’s forecast period. Factors such as the rising set of applications in the thriving industrial sector in developing countries of India and China will be the key driving force for the Asia Pacific hydrazobenzene market over the report’s forecast period.

Additionally, the healthy growth achieved by the agro-chemical sector in the past few years will also boost the demand for hydrazobenzene in Asia Pacific over the report’s forecast period. The application of hydrazobenzene in the agrochemical sector as a de-suckering agent is expected to significantly drive the demand for hydrazobenzene in the next few years in the region. Furthermore, the increasing numbers of hydrazobenzene companies in the region are also expected to drive the demand for hydrazobenzene over the forecast period.

The report also presents a detailed analytical overview of the competitive landscape of the global hydrazobenzene market, presenting qualitative as well as quantitative details pertaining to the leading players in the market. Furthermore, the report also includes detailed company profiles, SWOT analysis, financial overview, and recent developments related to leading companies in the market. Some of the leading vendors operating in the market are Tokyo Kasei Kogyo (TKK), Alfa Aesar, Gihi Chemicals Co., Limited, IBIS Chemie International, and Chemos GmbH.