The report about Global Catechol Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
Market Synopsis of Catechol Market:
Globally, the market for catechol is anticipated to grow at a faster pace during forecasted period (2016-2022). Catechol, also known as pyrocatechol or 1,2-dihydroxybenzene, is an organic compound with the molecular formula C6H4(OH)2. According to MRFR research, synthetic catechol is consumed in production of pesticides, the remainder being used as precursor to fine chemicals such as pharmaceuticals and perfumes.
The drivers of the market 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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Market Segment Analysis:
Catechol is segmented on basis of applications: agrochemicals, personal care, petrochemicals, food & beverages and others. Personal care was one of the largest market in 2016. Catechol is highly used in soaps, perfumes, deo’s and many other personal care products. Rise in disposable income and change in consumer preference towards sanitary products are directly increasing the demand for catechol. Food & Beverages was the third largest segment in 2016. Catechol is used in preparations of vanillin and Ethyl-Vanillin. Vanillin and Ethyl-Vanillin are used in bakery foods and in some cosmetic products. In-addition vanillin and Ethyl-Vanillin is one of the highest sold essence in 2015, owing to this the market for food & beverages sector is expanding tremendously for the forecasted period.
The key players in market includes 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.
- Manufacturers and distributors of Catechol
- Suppliers and traders of Catechol
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in chemical experts.
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Geographically, Asia Pacific dominates the market segment followed by Europe and North America. Asia-Pacific region represents largest market share in the global catechol market. Rise in population and increase in disposable income which further drives the catechol market in emerging economies. In North America, U.S market is largest consumer of catechol over the forecasted period. Growing production pharmaceuticals and personal care products in U.S especially for skin care purpose across the globe has increased the need of catechol. Middle East & Africa are growing faster at pace.
The report covers brief analysis of geographical region includes
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East
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