According to a new market report published by Lucintel, future of the hydroquinone market looks promising with opportunities in the cosmetics, polymers, paints and adhesives, rubber, and others. The global hydroquinone market is expected to grow with a CAGR of 4%-5% from 2020 to 2025. The major drivers for this market are high growth of the paint, construction, and cosmetics industries, and increasing demand for superabsorbent polymers.
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In this market, intermediate, antioxidant, polymerization inhibitor, photosensitive chemical, and others are the major applications of hydroquinone. Lucintel forecasts that the antioxidant application is anticipated to be the largest segment over the forecast period.
Within this market, cosmetics, polymers, paints and adhesives, rubber, and others are the major end use industries of hydroquinone. Cosmetics is expected to be the largest segment over the forecast period due to urbanization; increase in spending on beauty products, increase in consumer interest in premium products, and growth in elderly population.
Asia Pacific will be the largest region over the forecast period due to the growing skin care industry, growth of the upper middle class population, and largest consumption from countries, such as China and India.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hydroquinone market by application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Hydroquinone Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global hydroquinone market by application, end use industry, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Intermediate
Antioxidant
Polymerization Inhibitor
Photosensitive Chemical
Others
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Cosmetics
Polymers
Paints And Adhesives
Rubber
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
United Kingdom
German
France
Spain
Asia Pacific
The Rest of the World
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.