8 March 2019 – Global Hydroquinone Market is anticipated to witness an exponential growth in the forecast period. Hydroquinone, also termed as “Benzene-1,4-diol or quinol”, is an aromatic organic compound that is a phenol, a derivative of benzene. Hydroquinone has molecular formula as C₆H₄(OH)₂. Hydroquinone exists in numerous forms naturally as well. It exists in the defensive glands of the bombardier beetle, and is one of the chemical components of the natural product propolis and a chemical compound found in castoreum.
The factors that propel the growth of the hydroquinone market include growing populace of infants in developing countries, technological advancement, growing awareness regarding hygiene amongst the population, increase in the global female population, rapid and high growth of verticals such as construction, paint, and the cosmetics.
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On the other hand, there are factors that may hamper the growth of the market including EU and EPA putting several limitations against the use of the products that contain more than 4% of hydroquinone, and strict rules and regulations. Hydroquinone market is anticipated to expand at a significant CAGR of 6.7% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market could be explored by product type, application and geography. Market could be explored by product type as Equipment Sales, and Rental Service,
- Pharmaceuticals & Cosmetics
- Dyes & Pigments
The “Antioxidants” segment led the market in 2017 and will continue to lead in the forecast period. The key factors attributed to the growth of market include the antioxidant activity of hydroquinone. Antioxidants segment is followed by Polymerization.
Asia-Pacific accounted for the major share of the hydroquinone industry in 2017 and will continue to lead in the forecast period. The factors attributed to the growth include growing demand from the end-user industries including cosmetic, construction, etc. in countries such as India, China, and Japan. China dominates the market in terms of skin care and cosmetics products globally. Asia-Pacific is followed by North American region.
- Camlin Fine Chemicals
- Changyu Chemical
- Fengyang Chemical
- Mitsui Chemicals
- Suzhou Huifeng
- UBE Industries
The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Table of Contents
Part 1. Exclusive Summary
Part 2. Methodology
Part 3. Introduction
Part 4. Competitive Landscape
Part 5. Market Dynamics
Part 6. Segmentation by Application
Part 7. Supply by Region
Part 8. Consumption Pattern
Part 9. Hydroquinone Market Forecast
Part 10. Key Vendors
Part 11. Industry Activity
Part 12. Appendix
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