Title: Global Hydroquinone Market
1Global Hydroquinone MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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- Global Hydroquinone Market size is forecast to
reach US589.8 million by 2027, after growing at
a CAGR of 4.6 during 2022-2027. - 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 US9.3
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.
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- 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.
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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. Polymerizati
on 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.
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- Global Hydroquinone Market Industry Outlook
- Solvay
- Eastman
- Mitsui Chemicals
- UBE
- Camlin
- Goodyear
- Yancheng Fengyang Chemical Co., Ltd
- Kawaguchi Chemical Industry Co., LTD
- Megpie Chemicals
- RX Chemicals
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Global Hydroquinone Market- Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Hydroquinone
-Market-Research-502890
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
- Purchase Full Report_at_ https//www.industryarc.com/
purchasereport.php?id502890
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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