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.
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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.
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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