Lucintel’s latest market report analyzed that hydroquinone provides attractive opportunities in cosmetics, polymers, paints and adhesives, rubber, and others. The hydroquinone market is expected to grow at a CAGR of 4%-5%. In this market, antioxidant is the largest segment by application, whereas cosmetics are largest by end use industry.
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Based on application, the hydroquinone market is segmented into intermediate, antioxidant, polymerization inhibitor, photosensitive chemical, and other. The antioxidant segment is accounted for the largest share of the market in 2020.
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The hydroquinone market is marked by the presence of several big and small players. Some of the prominent players offering hydroquinone include Solvay, UBE Industries Ltd, Eastman Chemical Company, Mitsui Chemicals Inc., Camlin Fine Sciences Ltd, Tianjin Zhongxin Chemtech Co. Ltd, YanCheng FengYang Chemical Co. Ltd, and Kawaguchi Chemical Industry Co. Ltd.
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