Overview:
Luxury is the new trend in market due to increase in domestic income of people worldwide. Rising developments in the industrial sector has led to growth of many end-user industries such as personal care products, cosmetics, pharmaceuticals and chemical among others. People can afford luxury products over standard products and hence, high demand is observed for luxury products in the global market. Growing demand for perfumes and fragrance products has led to high growth of the personal care products industry. This has in turn led to strong demand for catechol from the personal care products industry in the market. Other industries such as agrochemicals and pharmaceuticals also follow personal care products industry in terms of demand for catechol worldwide.
Catechol was first discovered from a plant extract catechin via destructive distillation. Catechol which is also known as 1,2-dihydroxybenzene or pyrocatechol is an organic compound which is used for various applications in the global market. It is a colorless compound which is available in very trace amounts. Catechol is used as a precursor to many of the chemicals which are used in the pharmaceutical and personal care products industry. Large amount of flavors and fragrances are produced using catechol as a starting material. Hence, high demand is reported for catechol from the personal care products and chemical industry. The major use of catechol is into the agrochemical sector. More than 50% of catechol produced artificially, known as synthetic catechol is used in the manufacture of pesticides. The remaining catechol is utilized in other industries such as chemical, pharmaceutical and personal care and cosmetics industries. The major factor driving the growth of catechol market is the increasing demand from the agrochemical industry. Rising demand for pesticides has led to the growth of agrochemical industry, thereby boosting growth of catechol market worldwide. Hence, catechol is expected to experience strong demand from various end-user industries during the forecast period.
The global catechol market is segmented on the following bases:
- End-User
- Agrochemical
- Personal Care Products and Cosmetics
- Pharmaceutical
- Paints & Coatings
- Others
- Geography
- North America
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific (APAC)
- China
- India
- Japan
- Rest of APAC
- Rest of the World
- Latin America
- Middle East & Africa
- Others
Key Players Identified for Catechol Market Include but are Not Limited to:
Solvay (Rhodia), Lianyungang Sanjili Chemical Industry Co., Ltd., UBE Industries, Camlin Fine Chemicals, Sumitomo Chemical Co., Ltd., etc. are some of the key players in catechol market.
This report offers:
- An overview of the global markets for catechol market
- Market trends assessment for the period 2013-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRS during 2016-2023
- Qualitative assessment tools such as market drivers, challenges and future prospects, market attractiveness and positioning of key players
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the catechol market
