ヒドロキノンの世界市場

ヒドロキノンの世界市場規模は、2022年から2027年の間に4.6%のCAGRで成長した後、2027年には5億8,980万米ドルに達すると予測されます。ヒドロキノンは、さまざまな産業で酸化防止剤、中間体、重合禁止剤、感光性化学物質として使用されています。したがって、これらの産業の成長は、予測期間中に世界のヒドロキノン市場規模を拡大させるでしょう。また、航空宇宙や自動車産業で広く好まれているエンジニアリング材料であるポリエーテルエーテルケトン (PEEK) の生産に使用されています。

重合禁止剤セグメントは、2021年に世界のヒドロキノン業界で43%と最大のシェアを占め、予測期間 (2022年～2027年) には大きなCAGRで成長すると予想されています。プラスチック生産の拡大は、重合禁止剤の需要を増加させ、それによって予測期間中に世界のヒドロキノン業界を牽引することになります。

ポリマーセグメントは、2021年に世界のヒドロキノン業界で37%の最大シェアを占め、予測期間 (2022年～2027年) には大幅なCAGRで成長すると予想されています。また、ゴムセグメントは予測期間中にCAGR4.4%という大幅な成長が見込まれており、それが予測期間中のヒドロキノン市場を牽引しています。

アジア太平洋は、2021年に51%のシェアで収益面でヒドロキノン業界を支配し、予測期間中 (2022年～2027年) も市場を独占すると予測されます。主要メーカーの存在が、アジア太平洋のヒドロキノン市場の成長を牽引しています。

目次

第1章 世界のヒドロキノン市場：概要

第2章 世界のヒドロキノン市場：エグゼクティブサマリー

第3章 世界のヒドロキノン市場

• 比較分析
  • 市場シェア分析：主要企業
  • 製品の相互比較：主要企業
  • 財務分析：上位5社
  • 特許分析：主要企業
  • 価格分析 (平均販売価格 (ASP))

第4章 世界のヒドロキノン市場の影響要因

• 市場促進要因
• 市場抑制要因
• ポーターのファイブフォース分析

第5章 世界のヒドロキノン市場：戦略分析

• バリューチェーン分析
• 市場機会の分析
• 製品・市場のライフサイクル
• 流通業者の分析：主要企業

第6章 世界のヒドロキノン市場：用途別 (金額ベース)

• 中間体
• 酸化防止剤
• 重合防止剤
• 感光性化学薬品
• その他

第7章 世界のヒドロキノン市場：最終用途産業別 (金額ベース)

• 化粧品
• ポリマー
• 塗料・接着剤
• ゴム
• その他

第8章 世界のヒドロキノン市場：地域別 (金額ベース)

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • 英国
  • ドイツ
  • フランス
  • イタリア
  • オランダ
  • スペイン
  • ベルギー
  • 他の欧州諸国
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア・ニュージーランド
  • インドネシア
  • 台湾
  • マレーシア
  • 他のアジア太平洋諸国
• 南米
  • ブラジル
  • アルゼンチン
  • コロンビア
  • チリ
  • 他の南米諸国
• 他の国々 (RoW)
  • 中東
  • アフリカ

第9章 世界のヒドロキノン市場：エントロピー

• 新製品の発売
• 企業合併・買収 (M&A)、事業協力／提携、合弁事業

第10章 ヒドロキノン市場：企業分析 - 事業概要、製品ポートフォリオ、財務指標、動向

• Solvay
• Eastman
• Mitsui Chemicals
• UBE
• Camlin
• Goodyear
• Yancheng Fengyang Chemical Co., Ltd
• Kawaguchi Chemical Industry Co., LTD.
• Megpie Chemicals
• RX Chemicals
• その他

Global Hydroquinone Market size is forecast to reach US$589.8 million by 2027, after growing at a CAGR of 4.6% during 2022-2027. Hydroquinone is an aromatic organic molecule with the chemical formula C6H4(OH)2, which is a kind of phenol and a derivative of benzene. Hydroquinone finds its application as an antioxidants, intermediate, polymerization inhibitors and photosensitive chemical in different industries including polymers, cosmetics, paints and adhesives and rubber among others. Hence the growth in these industries will expand Global Hydroquinone Market size during the forecast period. Hydroquinone is also used in the production of polyetheretherketone (PEEK) which is an engineering material widely preferred in aerospace and automotive industries. Hydroquinone and its derivatives can also be prepared by oxidation of various phenol. Hydroquinone is also used as an intermediate in the paints and coatings industry. According to the facts published by Indian Paint Association (IPA), The Indian paint industry is currently valued at US$ 6.6 billion are poised to grow at a healthy rate and is expected to reach US$9.3 billion by 2022. The industry is expected to grow at a CAGR of 12-15% during 2021-2022. The COVID-19 outbreak led to major economic problems and challenges for the Hydroquinone industry globally. Governments all across the globe announced strict measures to slow the spread of the coronavirus and only the production of essential commodities was allowed, which impacted the non-essential commodity industries, thereby impacting the Global Hydroquinone Market size.

Global Hydroquinone Market Report Coverage

The "Global Hydroquinone Market Report - Forecast (2022-2027)" by IndustryARC, covers an in-depth analysis of the following segments in the Global Hydroquinone industry.

By Application: Intermediate, Antioxidants, Polymerization Inhibitors, Photosensitive Chemical and Others

By End-Use Industry: Cosmetics, Polymers, Paints & Adhesives, Rubber and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Netherlands, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America) and Rest of the world (Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa).

Key Takeaways

The Asia-Pacific region is expected to grow at a high CAGR of 5.1% during the forecast period. One of the key drivers driving the market is rapid growth in polymer and synthetic rubber production.

However, the availability of alternative products is likely to hamper the market growth during the forecast period.

A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Global Hydroquinone Market Report.

Global Hydroquinone Market Segment Analysis - by Application

The polymerization inhibitors segment held the largest share with 43% in the Global Hydroquinone industry in 2021 and is anticipated to grow at a significant CAGR during the forecast period 2022-2027. Polymerization inhibitor is used to stabilize reactive monomers such as acrylic acid, methyl methacrylate and cyanoacrylate which are used during the manufacturing of the polymers. Growing plastic production will increase the demand for polymerization inhibitor, thereby driving the Global Hydroquinone industry during the forecast period. According to Plastic Europe, in 2019, the global plastic production stood at 368 million tonnes showing 2.5% increase in comparison with 359 million tonnes produced in 2018. The intermediate segment is expected to grow at a significant CAGR of 4.7% during the forecast period. Hydroquinone as an intermediate help in preparing rubber, cosmetics and paints among others.

Global Hydroquinone Market Segment Analysis - by End-Use Industry

The polymers segment held the largest share of 37% in the Global Hydroquinone industry in 2021 and is anticipated to grow at a significant CAGR during the forecast period 2022-2027. Hydrquinone is used in the production of polymerization inhibitor which is further used in the production of polymers. The growing demand for polymers such as polyester from various end-use industries such as automotive, textiles, furniture and sportswear has resulted in an increase in the production polymers, which is further driving the market for hydroquinone. According to the Chemicals and Petrochemicals Manufacturers' Association (CPMA), in 2020, the production of polymers in India was 12.35 million tons and in 2021, it was 13.54, an increase of 9.63%. The rubber segment is expected to grow at a significant CAGR of 4.4% during the forecast period. According to International Rubber Study Group, in 2021, the global rubber production stood at 29.4 million tones showing 7.29% increase from 2020. Hence the growth in rubber production is driving the market for hydroquinone during the forecast period.

Global Hydroquinone Market Segment Analysis - by Geography

The Asia-Pacific region dominated the Hydroquinone industry in terms of revenue with a share of 51% in 2021 and is projected to dominate the market during the forecast period (2022-2027). The presence of key manufacturers including, Solvay, Camlin, Eastman, Mitsui Chemicals and UBE, are driving the market growth for Hydroquinone in the Asia-Pacific region. The presence of abundant raw materials and increasing production of polymers and rubber in the region is also driving the demand for Hydroquinone. Hydroquinone is widely used in the production of paints & adhesives. For instance, the total production of adhesives is around 7,090,000 tons and is valued at US$15.01 billion in 2020 with an increase of 4.4% and 3.6% as compared to 2019 in China. The growing cosmetics industry in Asia-Pacific is also supporting the market for hydroquinone during the forecast period. According to Invest India, the beauty and personal care product market in India is currently valued at US$26.8 billion and is forecast to reach US$37.2 billion by 2025. These are some of the major factors expanding the Global Hydroquinone Market size during the forecast period.

Global Hydroquinone Market Drivers

Surging Application of Hydroquinone in Polymers

Hydroquinone is produced by direct oxidation of phenol. Hydroquinone has various essential properties such as a high melting point of 171.0 °C, a high boiling point of 286°C, moisture content of 0.6 % and other such properties. These properties make it ideal for the polymer industry. Thus, in the manufacturing of various polymers such as high-density polyethylene (HDPE), polyethylene terephthalate (PET) and others, hydroquinone is used as a polymerization inhibitor to extend the shelf life of polymers. The factors such as surging demand from the packaging industry, enhanced demand from the transport industry to ensure superior durability & flexibility and others are the vital factors accelerating the polymers industry growth. According to Plastics Europe, a plastics association in Europe, the high-density polyethylene (HDPE) polymer production in the European Union region was 6.29 million tons in 2019 and 6.32 million tons in 2020 an increase of about 0.5%. Also, in 2019, the production of polyethylene terephthalate (PET) was 3.99 million tons and in 2020, it was 4.14 million tons, an increase of 3.8%. Hence, the growth of polymer production at the global level is fueling the adoption of hydroquinone to ensure higher polymer durability. This factor is driving the global market growth during the forecast period.

Increasing Demand from Cosmetics and Personal Care Products

Hydroquinone is a bleaching agent for the skin. It is utilized as intermediates, antioxidants and stabilizers in skin lighting creams, powders and other products to treat the hyperpigmentation skin conditions such as melasma, freckles, or lentigines. The surging disposable income of people, a gradual consumer shift toward premium and luxury cosmetic brands is boosting the demand for cosmetics and personal care products which is further driving the demand for hydroquinone. For instance, according to the Accord Australasia, in 2019, the personal care industry of Australia was US$26.06 billion and in 2020 it was US$26.3 billion, an increase of about 1%. According to International Trade Administration and Invest Korea, in 2019, the South Korean cosmetics industry was valued at US$9.43 billion and in 2020, it was US$12.6 billion, an increase of 33.6%. Also, according to the Cosmetics Europe Personal Care Association, in 2020, the cosmetics and personal care industry of Europe was valued at €76.7 billion (US$87.61 billion) and in 2021, it was €80 billion (US$94.62 billion), an increase of 4.4%. Hence the growing production of cosmetics and personal care products is supporting the market growth for hydroquinone.

Global Hydroquinone Market Challenges

Availability of Hydroquinone Substitutes

The alternative products for hydroquinone include ascorbates, mequinol, retinoids, azelaic and other. These materials have similar and, in some cases, superior properties over hydroquinone. Thus, making such substitutes ideal for application in cosmetics & personal care, rubber, polymer and other similar industries. Ascorbates have several superior properties, such as a high boiling point at 553 °C, a high melting point at 190 °C and other similar properties that make them highly durable and safe materials compared to hydroquinone. Some studies suggest that hydroquinone can be irritating to the skin and may also act as a carcinogen. While alpha arbutin is less irritating and far less dangerous than hydroquinone. Hence the availability of alternative products is likely to hamper the market growth of hydroquinone during the forecast period

Hydroquinone Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Global Hydroquinone Market. The top 10 companies in the Global Hydroquinone Market include:

1. Solvay

2. Eastman

3. Mitsui Chemicals

4. UBE

5. Camlin

6. Goodyear

7. Yancheng Fengyang Chemical Co., Ltd

8. Kawaguchi Chemical Industry Co., LTD

9. Megpie Chemicals

10. RX Chemicals

Recent Developments

In September 2020, Camlin Fine Sciences announced the commercial production of hydroquinone at the company's newly set up Diphenol manufacturing plant at Dahej SEZ, Baruch district, Gujarat. which will increase the company's production capacity of hydroquinone.

In September 2020, Solvay which is a leading manufacturer of hydroquinone formed a collaboration with Oqema and such collaboration will distribute Solvay's hydroquinone product in Benelux, the United Kingdom, Ireland, France, Italy, Germany, Switzerland, Poland, Czech Republic, Slovakia, Slovenia and Baltic countries.

In April 2019, Solvay expanded the Hydroquinone capacity in its Zhenjiang, China plant with the main focus of expanding its presence in the Asia-Pacific market.

Table of Contents

1. Global Hydroquinone Market - Market Overview

• 1.1 Definitions and Scope

2. Global Hydroquinone Market - Executive Summary

• 2.1 Key Trends by Application
• 2.2 Key Trends by End-Use Industry
• 2.3 Key Trends by Geography

3. Global Hydroquinone Market - Comparative analysis

• 3.1 Market Share Analysis- Major Companies
• 3.2 Product Benchmarking- Major Companies
• 3.3 Top 5 Financials Analysis
• 3.4 Patent Analysis- Major Companies
• 3.5 Pricing Analysis (ASPs will be provided)

4. Global Hydroquinone Market - Market Forces

• 4.1 Market Drivers
• 4.2 Market Constraints
• 4.3 Porters Five Force Model
  • 4.3.1 Bargaining Power of Suppliers
  • 4.3.2 Bargaining Powers of Buyers
  • 4.3.3 Threat of New Entrants
  • 4.3.4 Competitive Rivalry
  • 4.3.5 Threat of Substitutes

5. Global Hydroquinone Market - Strategic Analysis

• 5.1 Value/Supply Chain Analysis
• 5.2 Opportunity Analysis
• 5.3 Product/Market Life Cycle
• 5.4 Distributor Analysis - Major Companies

6. Global Hydroquinone Market - by Application (Market Size - US$ Million)

• 6.1 Intermediate
• 6.2 Antioxidant
• 6.3 Polymerization Inhibitor
• 6.4 Photosensitive Chemical
• 6.5 Others

7. Global Hydroquinone Market - by End-Use Industry (Market Size - US$ Million)

• 7.1 Cosmetics
• 7.2 Polymers
• 7.3 Paints & Adhesives
• 7.4 Rubber
• 7.5 Others

8. Global Hydroquinone Market - by Geography (Market Size - US$ Million)

• 8.1 North America
  • 8.1.1 USA
  • 8.1.2 Canada
  • 8.1.3 Mexico
• 8.2 Europe
  • 8.2.1 UK
  • 8.2.2 Germany
  • 8.2.3 France
  • 8.2.4 Italy
  • 8.2.5 Netherlands
  • 8.2.6 Spain
  • 8.2.7 Belgium
  • 8.2.8 Rest of Europe
• 8.3 Asia-Pacific
  • 8.3.1 China
  • 8.3.2 Japan
  • 8.3.3 India
  • 8.3.4 South Korea
  • 8.3.5 Australia and New Zealand
  • 8.3.6 Indonesia
  • 8.3.7 Taiwan
  • 8.3.8 Malaysia
  • 8.3.9 Rest of APAC
• 8.4 South America
  • 8.4.1 Brazil
  • 8.4.2 Argentina
  • 8.4.3 Colombia
  • 8.4.4 Chile
  • 8.4.5 Rest of South America
• 8.5 Rest of the World
  • 8.5.1 Middle East
    • 8.5.1.1 Saudi Arabia
    • 8.5.1.2 UAE
    • 8.5.1.3 Israel
    • 8.5.1.4 Rest of Middle East
  • 8.5.2 Africa
    • 8.5.2.1 South Africa
    • 8.5.2.2 Nigeria
    • 8.5.2.3 Rest of South Africa

9. Global Hydroquinone Market- Entropy

• 9.1 New Product Launches
• 9.2 M&As, Collaborations, JVs and Partnerships

10. Global Hydroquinone Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments

• 10.1 Solvay
• 10.2 Eastman
• 10.3 Mitsui Chemicals
• 10.4 UBE
• 10.5 Camlin
• 10.6 Goodyear
• 10.7 Yancheng Fengyang Chemical Co., Ltd
• 10.8 Kawaguchi Chemical Industry Co., LTD.
• 10.9 Megpie Chemicals
• 10.10 RX Chemicals
• 10.11 Others
• "Financials would be provided to private companies on best-efforts basis."