Catechol Market Overview
Market Research Future (MRFR) Announces the Publication of
its Research Report – Global Catechol Market 2016-2022
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.
Commenting on this report, an analyst from Market Research
Future (MRFR)’s team said, “Global catechol market report 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.
The drivers of the Catechol
Market share are due to in many developing countries rise in
disposable income and rise in purchasing power and increase in manufacturing
industries of pharmaceuticals and personal care products has fuel the market.
Fragrances are utilized in various application namely in soaps, shampoos,
creams and many others have led to high growth of the personal care industry.
Additionally, catechol is used in food and beverages sector. Catechol is the
basic ingredient used in preparations of vanillin and Ethyl-Vanillin. Catechol
is very soluble in water and readily biodegradable. It has a low potential for
bioaccumulation. It is not classified as dangerous for the environment.
Industrial emissions and disposal, treatment or recycling must comply with
applicable regulations to preserve environment
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Catechol Market Regional Insights:
APAC is one of the growing region 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 others applications. While, Middle
East & Africa regions are at the emerging stage in the catechol market
share. 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 2016, 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 2016.
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NOTE: Our team of researchers are studying Covid19 and
its impact on various industry verticals and wherever required we will be
considering covid19 footprints for a better analysis of market and industries.
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