Catechol Market Overview:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global catechol market size is expected to grow at highest rate of approximately of in billion by 2022. Catechol is also known as pyro catechol it is an organic compound with molecular formula C6H4 (0H) 2. Catechol is colorless and naturally occur in nature. Catechol are used in various applications such as, rubber hardener, electroplating additive, hair colorant, skin antiseptic, photographic developer, lubricants and paints and varnishes and many others.
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Catechol Market Key Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global catechol market: Solvay, Lianyungang Sanjili Chemical Industry Co., UBE Industries, Camlin Fine Chemicals, Sumitomo Chemical Co, Trivenichemical, Spectrum Chemical Mfg. Corp, Rohdia, Sanjili Chemical, Mitsui Chemicals and others.
Catechol Market Segment Analysis:
Catechol is segmented on basis of applications: agrochemicals, personal care, petrochemicals, food & beverages and others. Personal care was one of the largest markets in 2018. Catechol is highly used in soaps, perfumes, deo’s and many other personal care products. Rise in disposable income and change in consumer preference towards sanitary products are directly increasing the demand for catechol. Food & Beverages was the third largest segment in 2018. Catechol is used in preparations of vanillin and Ethyl-Vanillin. Vanillin and Ethyl-Vanillin are used in bakery foods and in some cosmetic products. In-addition vanillin and Ethyl-Vanillin is one of the highest sold essence in 2017, owing to this the market for food & beverages sector is expanding tremendously for the forecasted period.
Catechol Market Regional Insights:
APAC is one of the growing regions due to its economies, cheap labor cost in APAC and economical material used for production process. Moreover, Asia Pacific is projected to be the fastest growing market mainly due to steel, cement, glass, non-ferrous and other applications. While, Middle East & Africa regions are at the emerging stage in the catechol market. In 2012, Chinas demand for catechol was 20,000 tons with anticipated CAGR of 24.6%. It was estimated that catechol demand will reach 50, 000 tons in 2015.
Geographically, North-America is expected to be the fastest growing market for catechol. North-America is most prominent market and its market share has accounted for second largest share in 2018, North America has been growing at faster pace due to rising manufacturing industries and demand for catechol will aid in rise in growth of catechol market. U.S has accounted for the largest share in 2018.
Catechol Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Catechol Market
Catechol Market Table of Content to be Continue…….,
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