Hydroquinone Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023
“The factors that propel the growth of the hydroquinone market include growing populace of infants in developing countries, technological advancement, growing awareness regarding hygiene amongst the population, and high growth of verticals such as construction, paint, and the cosmetics.”
Global hydroquinone market is anticipated to witness an exponential growth in the forecast period. Hydroquinone, also termed as “Benzene-1,4-diol or quinol”, is an aromatic organic compound that is a phenol, a derivative of benzene. Hydroquinone has molecular formula as C₆H₄(OH)₂. Hydroquinone exists in numerous forms naturally as well. It exists in the defensive glands of the bombardier beetle, and is one of the chemical components of the natural product propolis and a chemical compound found in castoreum. The factors that propel the growth of the hydroquinone market include growing populace of infants in developing countries, technological advancement, growing awareness regarding hygiene amongst the population, increase in the global female population, rapid and high growth of verticals such as construction, paint, and the cosmetics. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/hydroquinone-market/request-sample On the other hand, there are factors that may hamper the growth of the market including EU and EPA putting several limitations against the use of the products that contain more than 4% of hydroquinone, and strict