Global Industry Analysis

The aromatic chemical molecule hydroquinone, commonly known as quinol, has two hydroxyl groups connected to a benzene ring. This aromatic chemical molecule is a white granular solid, and hydroquinones are another name for its derivatives. In the past, quinic acid was dry distilled to produce hydroquinone.

Hydroquinone occurs in many different forms in nature. It is one of the chemical components of the natural product propolis, it is contained in the protective glands of the bombardier beetle and it is a chemical component of the castoreum, which is obtained from beaver plant food.

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Hydroquinone has a variety of uses, essentially related to its action as a water-soluble reducing agent. This organic compound is an essential component in almost all black and white photographic film developers and the use of the compound Metol reduces silver halides to elemental silver.

As a powerful reducing agent, it is widely used in the production of antioxidants, inhibitors, drugs, and dyes, among others. Hydroquinone has its greatest market application in the manufacture of skin depigmentation creams, where it is used to lighten dark spots, hyperpigmentation, melasma, pregnancy spots or skin injuries. It is the main ingredient in bleaching creams. However, the EPA and EU have issued numerous restrictions against the use of these products, which contain more than 4% hydroquinone.

These skin creams cannot be sold over the counter in pharmacies in the United States and many other European countries because they are known to cause potentially carcinogenic diseases. A number of companies are trying to switch to natural products that help with skin depigmentation instead of hydroquinone, as they do not react violently with the skin and are non-allergenic. These substitutes include products such as arbutin, azelaic acid, blueberry extract, kojic acid, lemon, licorice extract, malic acid, vitamin C, among others.

Global Hydroquinone Market is mainly driven by various factors including the high and rapid growth of a specific industry like Paints, Construction, and Cosmetics Market. Its use as a skin depigmenter increases its demand especially among the female population.

The need to look presentable and get rid of unwanted spots and marks on the body is accelerating demand among the female population. However, the strict rules and regulations put in place by the EPA and/EU against its usage are due to its various adverse effects including allergies, immunotoxicity, organ system toxicity, cancer, developmental and reproductive toxicity, ecotoxicity and persistence of the product in the environment and bioaccumulation can restrict this market. However, companies are turning to extensive research and development programs to find safer and more natural alternatives that can be used for skin depigmentation.

The key segments considered for this market include Europe, North America, Asia Pacific and the Rest of the World (RoW). The main producers of hydroquinone were North America and European countries. Now most countries are shifting their manufacturing units to Asia-Pacific countries due to the lack of strict government laws and regulations against their use.

Demand for hydroquinone is high in North American and European countries, but it is not expected to increase much in the next few years as natural substitutes for this product are expected to enter the market there due to the ill effects of hydroquinone on humans and the environment. The market demand for this product is expected to increase in developing countries like India and China due to the rapid growth of the dye, paint, cosmetics and fashion industries, among others.

Major manufacturers of this product include Rhodia, Genetic Ridge, Harrison Specialty, and International Shield, among others.

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Key regions assessed in this report are:

• North America
  • US
  • Canada
• Europe
  • France, Germany, Italy, Spain and Great Britain
  • Eastern Europe
  • CIS
• APAC
  • China
  • India
  • Japan
  • Australia
  • Other
• Latin America
  • Argentina
  • Brazil
  • Other

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 strategies of the top players
• Hydroquinone Market Estimates and Forecasts (2015-2021)

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