DUBAI, UAE. 19th
February 2018: Hydroquinone Market latest research
report by size, share, application, Growth Analysis, geography, Outlook,
Segmentation, Production Capacity, Competitive Strategies and Regional Outlook
to 2019-2028
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.
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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.
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,
The key applications that could be explored in the market
include Cosmetics & Personal Care, antioxidants, Pharmaceuticals,
polymerization, Rubber, Photo (Developer), Automotive, Others. 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.
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Key Applications
• Rubber
• Agrochemicals
• Pharmaceuticals & Cosmetics
• Dyes & Pigments
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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