(MENAFN- Ameliorate Digital Consultancy) Global industry analysis
The hydroquinone market is a thriving and competitive sector, with many players vying for dominance. Hydroquinone is commonly used as a skin-lightening agent, as well as an antioxidant and anti-aging chemical in the beauty industry.
The aromatic chemical hydroquinone, also known as quinol, has two hydroxyl groups attached to a benzene ring. A derivative of this aromatic chemical compound known as hydroquinone is a white granular solid. In the past, quinic acid was dry distilled to produce hydroquinone.
There are numerous types of hydroquinone in nature. One of the chemical elements of the naturally occurring product propolis, which is found in the defense glands of the bombardier beetle and is a component of castor oil obtained from beaver plant food.
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Hydroquinone inherently has a number of uses related to its action as a water-soluble reducing agent. This organic compound is an essential ingredient in almost all black and white photographic film developers, and the compound Metol reduces silver halides to elemental silver.
As a powerful reducing agent, it is widely used in the manufacture of antioxidants, inhibitors, drugs, and dyes. Hydroquinone has its largest market application in the manufacture of skin depigmentation creams used to lighten dark spots, hyperpigmentation, melasma, pregnancy spots or skin damage. It is the main ingredient in whitening creams. However, the EPA and EU have placed several restrictions on the use of these products that contain more than 4% hydroquinone.
This skin cream is not sold over the counter in pharmacies in the United States and many other European countries because of its known potential to cause cancer-causing diseases. Since it does not react violently with the skin and does not cause allergies, many companies are trying to switch to natural products that help depigment the skin instead of hydroquinone. These substitutes include products like arbutin, azelaic acid, blueberry extract, kojic acid, lemon and licorice extract, malic acid, and vitamin C.
The global hydroquinone market is primarily driven by various factors including high and rapid growth in certain verticals such as paints, construction and cosmetics markets. Its use as a skin depigmenting agent increases its demand, particularly among the female population.
The need to look good and get rid of unwanted spots and spots on the body is fueling demand among the female population. However, the stringent rules and regulations enforced by the EPA and/or EU for use are due to a variety of side effects including allergies, immunotoxicity, organ system toxicity, cancer, developmental and reproductive toxicity, ecotoxicity and persistence of the product. Environment and bioaccumulation can limit this market. However, companies are turning to extensive research and development programs to find safer and more natural alternatives for use in skin bleaching.
The main segments considered in this market include Europe, North America, Asia Pacific and the Rest of the World (RoW). The main producers of hydroquinone were North American and European countries. Currently, most countries are relocating their manufacturing bases to Asia-Pacific countries due to the lack of strict government laws and regulations on their use.
Demand for hydroquinone is high in North America and European countries but is not expected to increase significantly in the coming years as natural alternatives to this product are expected to enter the market due to hydroquinone's adverse effects on humans and the environment. . With the rapid growth of industries like dyes, paints, cosmetics and fashion, the market demand from developing countries like India and China is expected to increase.
Major manufacturers of this product include Rhodia, Genetic Ridge, Harrison Specialty, and International Shield.
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The main regions assessed in this report are:
North America Europe France, Germany, Italy, Spain, Great Britain Eastern Europe CIS
APAC China India Japan Australia Other
Latin America
Main features of this report
Drivers, restraints and challenges shaping Hydroquinone market dynamics Latest innovations and major events in the industry Analysis of the business strategy of top players Hydroquinone Market Estimates and Forecasts (2015-2021)
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