Catechol Market Key Players analysis - Solvay, UBE Industries, Camlin Fine Chemicals, Sumitomo Chemical Co , Trivenichemical, Mitsui Chemicals

Market Highlights
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Catechol Market Size is expected to grow at highest rate of approximately of in billion by 2022. Catechol is also known as pyro catechol it is an organic compound with molecular formula C6H4 (0H) 2. Catechol is colorless and naturally occur in nature. Catechol are used in various applications such as, rubber hardener, electroplating additive, hair colorant, skin antiseptic, photographic developer, lubricants and paints and varnishes and many others.

The drivers of the market are due to in many developing countries rise in disposable income and rise in purchasing power and increase in manufacturing industries of pharmaceuticals and personal care products has fuel the market. Fragrances are utilized in various application namely in soaps, shampoos, creams and many others have led to high growth of the personal care industry. Additionally, catechol is used in food and beverages sector. Catechol is the basic ingredient used in preparations of vanillin and Ethyl-Vanillin. Catechol is very soluble in water and readily biodegradable. It has a low potential for bioaccumulation. It is not classified as dangerous for the environment. Industrial emissions and disposal, treatment or recycling must comply with applicable regulations to preserve environment

Catechol, also known as pyrocatechol or 1,2-dihydroxybenzene, is an organic compound with the molecular formula C6H4(OH)2. Catechol occurs naturally in trace amount in fruit and vegetable. It is an organic solid substance, colourless with a weak odour of phenol.Synthetic catechol is made by hydroxylation of phenol. It is only used in industry as an intermediate for chemical synthesis, mainly for aroma products, agrochemicals and pharmaceuticals or in formulation.. Approximately 20 million kg are produced annually, the main applications are in pesticides, flavors, and fragrances. Catechol occurs as feathery white crystals that are very rapidly soluble in water. Small amounts of catechol occur naturally in fruits and vegetables, along with the enzyme polyphenol oxidase (also known as catecholase, or catechol oxidase). Upon mixing the enzyme with the substrate and exposure to oxygen (as when a potato or apple is cut and left out), the colorless catechol oxidizes to reddish-brown melanoid pigments, derivatives of benzoquinone. Catechol is used as a black-and-white photographic developer. Pyrocatechol is a natural occuring plant poly phenol that is used as an ingredient for the production of insecticides, perfumes and drugs.

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Key Players
The key players in market includes
• Solvay,
• Lianyungang Sanjili Chemical Industry Co.,
• UBE Industries,
• Camlin Fine Chemicals,
• Sumitomo Chemical Co ,
• Trivenichemical,
• Spectrum Chemical Mfg. Corp,
• Rohdia ,
• Sanjili Chemical,
• Mitsui Chemicals
• others.

Segmentation:
The global catechol market is majorly segmented on the basis of application. Based on application the market is segmented into agrochemicals, personal care, petrochemicals, food & beverages and others.

Regional Insights:
APAC is one of the growing region due to its economies, cheap labor cost in APAC and economical material used for production process. Moreover, Asia Pacific is projected to be the fastest growing market mainly due to steel, cement, glass, non-ferrous and others applications. While, Middle East & Africa regions are at the emerging stage in the catechol market. In 2012, Chinas demand for catechol was 20,000 tons with anticipated CAGR of 24.6%. It was estimated that catechol demand will reach 50, 000 tons in 2015.

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Geographically, North-America is expected to be the fastest growing market for catechol. North-America is most prominent market and its market share has accounted for second largest share in 2016, North America has been growing at faster pace due to rising manufacturing industries and demand for catechol will aid in rise in growth of catechol market. U.S has accounted for the largest share in 2016.

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