Hydroquinone Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global hydroquinone market size is expected to witness potential gains in the future and register a significant CAGR of 4.10% over the forecast period (2019 - 2027).

Market Overview

Hydroquinone, also known as quinol, is an aromatic organic compound produced as an inhibitor, an antioxidant, and an intermediate in the synthesis of dyes, motor fuels, and oils. This phenol has antioxidant properties and is used to lighten the dark patches of skin. Hydroquinone interferes with melanin production by the melanocytes to produce reversible lightening of the skin. The U.S.FDA approves sell of hydroquinone over the counter in 2% concentrations. It is sold under brand names such as Lustra, Melquin, Melquin HP 4%, Melquin-3 Topical Solution, Lustra-AF, and Lustra-Ultra.

Market Dynamics

Hydroquinone finds application as an antioxidant, intermediate, polymerization inhibitor, and photosensitive chemical in the industries such as polymers, cosmetics, paints and adhesives, and rubber. Hydroquinone is used for continuous production of cross-linked particulate gel-type polymers and superabsorbent polymers. Therefore, increasing demand for hydroquinone from the polymers industry is expected to boost growth of the global hydroquinone market over the forecast period.

Moreover, hydroquinone is the common name for the ingredient 1,4-dihydroxybenzene and may be used safely in a variety of cosmetics such as skin lighteners, facial and skin cleansers, facial moisturizers, hair conditioners, and finger nail coating products. This in turn is expected to drive demand for hydroquinone from the cosmetics industry.

However, hydroquinone is also associated with cancer and organ-system toxicity. Moreover, hydroquinone is not recommended for dry and sensitive skin type as the phenol further leads to dryness or irritation.  Moreover, the preferences for use of natural ingredients in cosmetics is increasing significantly. These factors are expected to hinder the market growth over the forecast period.               

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to hold dominant position in the market, owing to increasing demand and consumption of cosmetics in economies such as China, South Korea, Japan, and India. The market share of North America and Europe is expected to decline over the forecast period, owing to increasing preference and use of natural ingredients in cosmetics. Moreover, adverse effects of hydroquinone on the environment is also expected to hinder the market growth in these regions.

Key Players

Major players operating in global hydroquinone market include, Rhodia, Genetic Ridge, Harrison Specialty, and International Shield, Inc.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.