Market Overview:
The global hydroquinone market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hydroquinone from various applications such as rubber auxiliaries, polymer inhibitors, photo (developers), dyes and pigments, and other applications. In terms of type, the industrial grade hydroquinone segment is projected to lead the global hydroquinone market during the forecast period. This can be attributed to its low cost as compared to high purity hydroquinone.
Product Definition:
Hydroquinone is an organic compound that is used as an antiseptic, a skin lightening agent, and a reducing agent in photography.
Industrial Grade Hydroquinone:
Industrial grade hydroquinone is a colorless, highly toxic, flammable liquid. It has applications in the textile industry as a bleaching agent and as an inhibitor of microbial growth in water treatment plants. It is also used to treat cancer cells.
High Purity Hydroquinone:
Hydroquinone is a colorless, highly toxic organic compound. It has a strong odor similar to that of quinine and is soluble in water, ethanol, and diethyl ether. Hydroquinone has been used as an antioxidant in food products such as dried fruit and concentrates; however, it can cause skin irritation when applied directly to the skin.
Application Insights:
Hydroquinone is used in the manufacturing of rubber components, polymer inhibitors, photo (developer), dyes and pigments. Rubber components application segment accounted for a market share of 35.0% in terms of revenue in 2017 on account of high hydroquinone content during vulcanization process which provides better grip and handling properties to the finished product.
Polymer inhibitor application segment is anticipated to witness significant growth over the forecast period owing to its ability to prevent chain scission during polyolefin depolymerization process thereby preventing formation of low molecular weight products which are highly susceptible towards photodegradation leading to shorter shelf life. Photo (developer) was estimated as largest volume consuming application with a volume consumption rate exceeding 6500 Kgs per day globally on account of its usage for developing color film or image sensor photosites thus providing an accurate representation from original light source resulting in improved picture quality further driving demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major manufacturers coupled with a large consumer base for printing inks, plasticizers, rubber additives and other hydroquinone-based products is anticipated to drive regional growth. China accounted for approximately 60% of total production owing to low manufacturing costs as compared to other countries.
The demand for printers ink was high in Asia Pacific due to growing use across various industries including packaging, banking & financial services (BFS), healthcare (ophthalmic), electronics, and others.
Growth Factors:
- Increasing demand for skin lightening products: The global hydroquinone market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for skin lightening products across the globe. Hydroquinone is one of the key ingredients used in various skin lightening products and its popularity is increasing among consumers due to its ability to provide quick results.
- Rising awareness about benefits of hydroquinone: There has been a rise in awareness about the benefits of hydroquinone in recent years, which is driving its demand as an ingredient in skincare products. Consumers are increasingly looking for solutions that can help them achieve brighter and fairer skin tones without any side effects, and this is boosting the growth of the global hydroquinone market.
- Growing popularity of natural alternatives: While hydroquinone remains a popular choice among consumers for achieving lighter skin tones, there has been a growing trend towards using natural alternatives such as kojic acid and arbutin over synthetic ingredients like hydroquinone due to concerns about potential side effects associated with their use. However, these natural ingredients are not as effective as hydroquinone in providing quick results, which is hampering their growth prospects somewhat .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydroquinone Market Research Report
By Type
Industrial Grade Hydroquinone, High Purity Hydroquinone
By Application
Rubber Auxiliaries, Polymer Inhibitor, Photo (Developer), Dyes and Pigments, Other
By Companies
Solvay, Mitsui Chemicals, Eastman, Jiangsu Sanjili Chemical Co., Ltd., UBE group, Camlin Fine Chemicals, HUBEI KAIYUAN CHEMICALS & TECHNOLOGY CO.,LTD., Yancheng Fengyang Chemical Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Hydroquinone Market Report Segments:
The global Hydroquinone market is segmented on the basis of:
Types
Industrial Grade Hydroquinone, High Purity Hydroquinone
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Rubber Auxiliaries, Polymer Inhibitor, Photo (Developer), Dyes and Pigments, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- Mitsui Chemicals
- Eastman
- Jiangsu Sanjili Chemical Co., Ltd.
- UBE group
- Camlin Fine Chemicals
- HUBEI KAIYUAN CHEMICALS & TECHNOLOGY CO.,LTD.
- Yancheng Fengyang Chemical Co., Ltd
Highlights of The Hydroquinone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade Hydroquinone
- High Purity Hydroquinone
- By Application:
- Rubber Auxiliaries
- Polymer Inhibitor
- Photo (Developer)
- Dyes and Pigments
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydroquinone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydroquinone is a medication used to lighten skin. It is also used to treat other skin conditions, such as melasma and sunburn. Hydroquinone can be found in over-the-counter products.
Some of the major players in the hydroquinone market are Solvay, Mitsui Chemicals, Eastman, Jiangsu Sanjili Chemical Co., Ltd., UBE group, Camlin Fine Chemicals, HUBEI KAIYUAN CHEMICALS & TECHNOLOGY CO.,LTD., Yancheng Fengyang Chemical Co., Ltd.
The hydroquinone market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydroquinone Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydroquinone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydroquinone Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydroquinone Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydroquinone Market Size & Forecast, 2018-2028
4.5.1 Hydroquinone Market Size and Y-o-Y Growth
4.5.2 Hydroquinone Market Absolute $ Opportunity
Chapter 5 Global Hydroquinone Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydroquinone Market Size Forecast by Type
5.2.1 Industrial Grade Hydroquinone
5.2.2 High Purity Hydroquinone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydroquinone Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydroquinone Market Size Forecast by Applications
6.2.1 Rubber Auxiliaries
6.2.2 Polymer Inhibitor
6.2.3 Photo (Developer)
6.2.4 Dyes and Pigments
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydroquinone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydroquinone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydroquinone Analysis and Forecast
9.1 Introduction
9.2 North America Hydroquinone Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydroquinone Market Size Forecast by Type
9.6.1 Industrial Grade Hydroquinone
9.6.2 High Purity Hydroquinone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydroquinone Market Size Forecast by Applications
9.10.1 Rubber Auxiliaries
9.10.2 Polymer Inhibitor
9.10.3 Photo (Developer)
9.10.4 Dyes and Pigments
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydroquinone Analysis and Forecast
10.1 Introduction
10.2 Europe Hydroquinone Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydroquinone Market Size Forecast by Type
10.6.1 Industrial Grade Hydroquinone
10.6.2 High Purity Hydroquinone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydroquinone Market Size Forecast by Applications
10.10.1 Rubber Auxiliaries
10.10.2 Polymer Inhibitor
10.10.3 Photo (Developer)
10.10.4 Dyes and Pigments
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydroquinone Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydroquinone Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydroquinone Market Size Forecast by Type
11.6.1 Industrial Grade Hydroquinone
11.6.2 High Purity Hydroquinone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydroquinone Market Size Forecast by Applications
11.10.1 Rubber Auxiliaries
11.10.2 Polymer Inhibitor
11.10.3 Photo (Developer)
11.10.4 Dyes and Pigments
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydroquinone Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydroquinone Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydroquinone Market Size Forecast by Type
12.6.1 Industrial Grade Hydroquinone
12.6.2 High Purity Hydroquinone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydroquinone Market Size Forecast by Applications
12.10.1 Rubber Auxiliaries
12.10.2 Polymer Inhibitor
12.10.3 Photo (Developer)
12.10.4 Dyes and Pigments
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydroquinone Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydroquinone Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydroquinone Market Size Forecast by Type
13.6.1 Industrial Grade Hydroquinone
13.6.2 High Purity Hydroquinone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydroquinone Market Size Forecast by Applications
13.10.1 Rubber Auxiliaries
13.10.2 Polymer Inhibitor
13.10.3 Photo (Developer)
13.10.4 Dyes and Pigments
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydroquinone Market: Competitive Dashboard
14.2 Global Hydroquinone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 Mitsui Chemicals
14.3.3 Eastman
14.3.4 Jiangsu Sanjili Chemical Co., Ltd.
14.3.5 UBE group
14.3.6 Camlin Fine Chemicals
14.3.7 HUBEI KAIYUAN CHEMICALS & TECHNOLOGY CO.,LTD.
14.3.8 Yancheng Fengyang Chemical Co., Ltd
