Hydroquinone, Global Market Size Forecast, Top 5 Players Rank and Market Share (Internet Services - Other Internet Services)
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Item ID 2582978 in Category: Internet Services - Other Internet Services
Hydroquinone, Global Market Size Forecast, Top 5 Players Rank and Market Share | |
Hydroquinone, also known as benzene-1,4-diol or quinol, is an aromatic organic compound that is a type of phenol, a derivative of benzene. Across the world, the major players cover Solvay, Mitsui Chemicals, Eastman, Jiangsu Sanjili Chemical Co., Ltd., UBE Group, Camlin Fine Chemicals, Hubei Kaiyuan Chemicals & Technology, etc. According to the new market research report “Global Hydroquinone Market Report 2024-2030”, published by QYResearch, the global Hydroquinone market size is projected to reach USD 0.66 billion by 2030, at a CAGR of 2.7% during the forecast period. According to QYResearch Top Players Research Center, the global key manufacturers of Hydroquinone include Solvay, Mitsui Chemicals, Eastman, Jiangsu Sanjili, UBE, etc. In 2023, the global top five players had a share approximately 79.0% in terms of revenue. Market Drivers: Hydroquinone is an important raw material and auxiliary agent for food, medicine, pesticide, dye and rubber. Mainly used in developers, anthraquinone dyes, azo dyes, rubber antioxidants and monomer polymerization inhibitors, food stabilizers and coating antioxidants, petroleum anticoagulants, synthetic ammonia catalysts, etc. There are also new developments in the fields of processing, liquid crystal polymers, etc. In addition, it can also be processed into other fine chemicals, such as p-hydroxyanisole, p-xylylene ether, tert-butyl hydroquinone, 1,4-diamino leuco, etc. Polymerization inhibitors and antioxidants, including p-phenylenediamines and substituted hydroquinones, are the main applications of hydroquinone. Both applications depend on the production of several monomers (for plastics) and polymers (such as unsaturated polyester resins). The demand for polyetheretherketone (PEEK) is expected to grow with the trend towards lightweight materials and the demand for advanced engineering materials. Restraint: The production process of hydroquinone is relatively complicated, and a large amount of wastes will be generated. The environmental protection and safety issues of hydroquinone production have become the key to the future development of the hydroquinone industry. The application of hydroquinone in the field of photography has always been its mainstream application. With the continued expansion into digital photography, demand for photographic processing has softened in most regions. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target State: All States Target City : All Cities Last Update : Mar 31, 2024 10:18 PM Number of Views: 19 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-05-09 (0.386 sec)