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.
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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
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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