Hydroquinone Market Size Detail Analysis focusing on Key Players like Rohdia, Eastman, Mitsui chemicals, UBEindustries, Camlin Fine Chemicals and Jiangsu Sanjili, Wako Pure chemical industries

Hydroquinone is aromaticcompound a derivative of benzene which belongs to class of phenols. It is aromatic organic compound which is white granular solid. It is topical lightening product used to correct skin discoloration associated with hyperpigmentation.
Also, its application varies from production of antioxidants, inhibitors, medicines, dyes etc. Hydroquinone is produced primarily by two processes namely cumene or hydroxylation This is prescription only ingredient in some countries.

Market Dynamics

Hydroquinone being a reducing agent is extensively used in production of antioxidants, inhibitors, medicines and dyes. The global market for hydroquinone is driven by growth of paint, construction, its use in superabsorbent polymers and cosmetic industry. The demand for hydroquinone is high in north American and European countries. The demand is expected to increase in countries like India and china, due to rapid growth of fashion, and cosmetic industry among others.

Market segmentation

The Hydroquinonemarket issegmented as follows:

Based on End -Use Industry

• Cosmetic Industry
• Agrochemical manufacturing
• Dye manufacturing
• Paint Industry

Based on product type

• Pharma Grade Hydroquinone
• Industrial Grade Hydroquinone

Regional /Geographic Analysis

The key segments for this market include Europe, North America and Asia Pacific. Due to restriction imposed by EPA due to side effects of hydroquinone, most of the manufacturing units are being shifted to Asia Pacific countries. Market demand is expected to increase in the developing countries as compared to Europe and North America. China is a growth market for hydroquinone in near future pertaining to Solvay's Global Business unit's plan to extend its hydroquinone production capacity.

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Opportunities

Hydroquinone has ample opportunities pertaining to its applications. The developing nation like India, where the cosmetic industry is growing rapidly, hydroquinone being skin lightening agent is a promising ingredient to be used in the cosmetics. The need to look presentable and get rid of unwanted spots on body, drives its demand among women. Besides, the infrastructure and the paint industry's growth in the Asia pacific regions extends the profit making arena for this market.One of the reasons of increasing manufacturing units in Asia Pacific countries is lack of stringent laws and regulations by the government against its use.

Key Players

Some of the top players in Hydroquinone market are Rohdia, Eastman, Mitsui chemicals, UBEindustries, Camlin Fine Chemicals and Jiangsu Sanjili, Wako Pure chemical industries, Cambridge isotope laboratories. Pertaining to industry regulation, government policies and the state of the art innovation the competition would be fierce for all players.

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Regional Analysis:

North America

• US and Canada

Latin America

• Mexico, Brazil, Argentina and Rest of Latin America

Western Europe

• EU5 (Germany, France, Italy, Spain, U.K.)
• Nordic Countries (Denmark, Finland, Norway, and Sweden)
• Benelux (Belgium, The Netherlands, and Luxembourg)
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• Rest of Eastern Europe

Asia Pacific

• China
• India
• Japan
• Australia and New Zealand
• Rest of Asia Pacific

Middle East and Africa

• GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
• South Africa
• North Africa
• Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

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