Global Hydroquinone Market - Forecast 2022-2027
Global Hydroquinone Market size is forecast to reach US$589.8 million by 2027, after growing at a CAGR of 4.6% during 2022-2027. Hydroquinone is an aromatic organic molecule with the chemical formula C6H4(OH)2, which is a kind of phenol and a derivative of benzene. Hydroquinone finds its application as an antioxidants, intermediate, polymerization inhibitors and photosensitive chemical in different industries including polymers, cosmetics, paints and adhesives and rubber among others. Hence the growth in these industries will expand Global Hydroquinone Market size during the forecast period. Hydroquinone is also used in the production of polyetheretherketone (PEEK) which is an engineering material widely preferred in aerospace and automotive industries. Hydroquinone and its derivatives can also be prepared by oxidation of various phenol. Hydroquinone is also used as an intermediate in the paints and coatings industry. According to the facts published by Indian Paint As...