Press release
Global Hydroquinone Market Expected Positive Impact On the Growth Over the Forecast Period 2023
Hydroquinone Market key players are included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Hydroquinone Market Report Coverage Highlights: This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Hydroquinone products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Hydroquinone market.The Hydroquinone, also known as benzene-1,4-diol or quinol, is an aromatic organic compound that is a type of phenol, a derivative of benzene, having the chemical formula C6H4(OH)2. It has two hydroxyl groups bonded to a benzene ring in a para position. It is a white granular solid. Substituted derivatives of this parent compound are also referred to as hydroquinones. The name "hydroquinone" was coined by Friedrich Wöhler in 1843.
The global hydroquinone market is estimated to register a CAGR of 4.12% during the forecast period, 2018-2023. Asia-Pacific is to account for the largest share of the market, with India and China being prominent markets. The antioxidant is expected to be the major application for hydroquinone market.
Development and Research plays a vital role in the innovation in any given industry which requires to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to the regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Hydroquinone market growth over the forecast period.
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Increasing Usage of Hydroquinone in Superabsorbent Polymers
Hydroquinone ethers are used in the production of superabsorbent polymers, which form a part of large cross-linking networks, to enable absorption of large amounts of fluids. The usage of hydroquinone is considered to be of high importance in the production of superabsorbent polymers. With the increasing application of superabsorbent polymers in agriculture sector, the market for hydroquinone is to grow at a significant rate.
Antioxidants to Continue to be the Major Consumer
Antioxidant was found to be the largest application for hydroquinone followed by polymerization inhibitors. In these applications, hydroquinone is used to produce various monomers and polymers including unsaturated polyester resins. The antioxidant activity of hydroquinone is mainly due to the presence of OH and the functional group in its structure. A new method is introduced to increase the antioxidant efficiency of hydroquinone class by aminomethylation. The increasing demand for antioxidants from cosmetic and food industry is to support the growth of hydroquinone through the forecast period.
TOP PLAYERS:
Rohdia (Solvay)
Eastman Chemicals
Mitsui Chemicals
UBE Industries
Camlin Fine Chemicals amongst others.
Asia-Pacific to Lead the Market with High Share
The Asian market for hydroquinone was found to be largest among other regions. The demand for hydroquinone in India and China is expected to grow significantly in the region. The market for hydroquinone in Asia-Pacific is to be driven by the growing demand from the end-user industries including construction, cosmetic, etc. in the region.
Notable Developments in the Market
January 2018: Eastman increased the prices for anhydrides, diketene derivates, and hydroquinone
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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Hydroquinone Market Forecast 2018-2023
The Hydroquinone industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Hydroquinone production, supply, sales and market status.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Detailed TOC of Global Hydroquinone Market Forecasts (2018 - 2023)
Introduction
1.1 Definition of the Market
1.2 Key Findings of the Study
Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
Market Dynamics
3.1 Drivers
3.1.1 Increasing Demand for Hydroquinone
3.1.2 Evolving R&D Priorities
3.1.3 Adoption of Hydroquinone
3.2 Restraints
3.2.1 Hydroquinone Industry
3.2.2 Hydroquinone Types and Application
Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threats of New Entrants
4.1.4 Threats of Substitute Products and Services
4.1.5 Degree of Competition
Market Segmentation
5.1 By Application
5.2 By Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Others
5.2.2 Europe
5.2.2.1 Spain
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Germany
5.2.2.5 Russia
5.2.2.6 Italy
5.2.2.7 Others
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Others
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Others
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Others
Competitor Analysis
6.1 Market Shares of Leading Players
6.2 Strategies Adopted by Leading Players
Company Profiles
Future Outlook of the Market
Appendix
Price of Report (single User Licence): $4250
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The following manufacturers are covered:
Solvay
Eastman
Mitsui Chemicals
UBE
Camlin Fine Sciences
Jiangsu Sanjili
FUJIFILM Wako Pure Chemical
Cambridge Isotope Laboratories
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Japan
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