Hydroquinone Market 2020 Revenue Status and Outlook - Solvay, Eastman Chemical Company, Mitsui Chemicals Inc

Global Hydroquinone Market - Growth, Trends, And Forecast (2020 - 2024)

The report presents an in-depth assessment of the Global Hydroquinone including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Hydroquinone investments from 2020 till 2024.

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The Global Hydroquinone market is highly competitive and consists of a number of major players. Companies, like Solvay, Eastman Chemical Company, Mitsui Chemicals Inc., UBE INDUSTRIES LTD, Camlin Fine Sciences Ltd, YanCheng FengYang Chemical Co. Ltd, Haihang Industry Co. Ltd, TIANJIN ZHONGXIN CHEMTECH CO. LTD, Honeywell International Inc., Shanxi Jin-jin Chemical Co. Ltd, Kawaguchi Chemical Industry Co. LTD among others.

Market Overview:

The market for hydroquinone is expected to register a CAGR of 4.12% during the forecast period (2019-2024). Major factors driving the market studied are the rising demand from superabsorbent polymers and increasing demand from the paint industry. However, toxic nature and carcinogenic effects of hydroquinone are expected to hinder the growth of the market studied.

- Antioxidant application dominated the market in 2018, and is expected to grow at the same pace, during the forecast period. Polymerization inhibitor is expected to grow at the fastest rate in the coming years.

- Surging demand for hydroquinone from the paint industry is expected to drive the market.

- Asia-Pacific dominated the hydroquinone market across the world, with the largest consumption from countries, such as China and India.

Latest news and developments:

March 26, 2019: Solvay is raising its European capacity of hydroquinone by 20%, enhancing the security of supply on three continents and to meet increasing demand for diphenol inhibitors used as additives by the monomer industry. This capacity expansion at its plant in Saint-Fons, France is accomplished by debottlenecking the existing unit and follows a recent capacity increase in Zhenjiang, China. Hydroquinone is key to process safety, transport and storage for monomer inhibition but also as a monomer itself in Polymer and Coatings applications. The Saint-Fons Specialities plant in France is one of the 3 plants that makes up Solvay's global inhibitor production network across Europe, North America and Asia, producing Hydroquinone; MEHQ (Monomethyl Ether of Hydroquinone); TBC (tertiary butyl-catechol) and PTZ (phenothiazine).

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Key Market Trends:

Increasing Demand from 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.
- Superabsorbent polymers (SAPs) are materials that possess the ability to absorb and retain large volumes of liquid or aqueous solutions. This makes them ideal for use in water absorbing applications, such as baby nappies, adult incontinence pads, absorbent medical dressings, and controlled release drugs.
- The baby diaper segment consumes nearly 72% of the total superabsorbent polymer production. Growing population of infants in emerging countries is due to high fertility rates and lack of education.
- In addition, adult incontinence products are used in nursing homes and hospitals to provide considerable advantages to both patients and the nursing staff. The market for incontinence products has grown significantly, due to increasing popularity in home care environment in developed regions.
- Overall, the growing awareness for hygiene among all population groups is expected to promote the usage of superabsorbent polymers (diapers, pads, and sanitary napkins), which, in turn, may augment the growth of hydroquinone during the forecast period.

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The key insights of the Hydroquinone Market report:  
The report provides key statistics on the market status of the Hydroquinone market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Hydroquinone market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2024 market development trends of Hydroquinone Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Hydroquinone Industry before evaluating its feasibility.

Finally, Hydroquinone Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Hydroquinone industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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