catechol market Growth Analysis, Latest Trends and Forecast till 2030| Solvay (Belgium), UBE Industries, Ltd. (Japan), K. K. Poonja & Sons (India)
Catechol is an aromatic alcohol that can be synthetically
obtained as an intermediary product by aromatic degradation. Soluble in water
& organic solvents, catechol finds numerous applications in dyes,
pharmaceutics, and in the development of photographic films for its rich redox
chemistry & excellent chelating properties. In the pharmaceutical product
manufacturing industry, catechol is employed in medicines as an expectorant.
Besides, catechol is used in cosmetics & personal care products and other
various chemical applications.
Its usage in the making of pesticides and the F&B
industry help catechol to garner vast popularity and traction on a global
platform. According to an eminent research firm - Market Research Future
(MRFR), the global Catechol market is expected to create a significant
valuation by 2025. In its recently published study, MRFR also asserts that the
market would register a CAGR of approximately 2.65% during the forecast period
(2018-2025).
The market is majorly driven by the significant penetration
of catechol in various end-use industries such as foods & beverages,
chemicals, agrochemicals, personal care & cosmetics, and pharmaceuticals as
a precursor in the production of pesticides, perfumes, and medicines. Also, the
upsurge in the catechol demand for the production of flavoring agents, vanillin
& ethyl vanillin in the F&B industry is projected to fuel the market
growth in the years to come.
Additionally, some of the emerging application areas of
catechol in biomedical applications and catechol-based bio-adhesives would
boost the growth of the market. On the other hand, the adverse effects of
direct exposure to catechol during its production can result in skin diseases
like eczematous dermatitis in humans. The International Agency for Research on
Cancer (IARC), reported that catechol could be carcinogenic in experimental
animals. These factors are estimated to hamper the growth of the market during
the forecast period.
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link - https://www.marketresearchfuture.com/sample_request/2418
Global Catechol
Market – Segmentation
The report is segmented into three market dynamics to widen the scope of
understanding,
By
Form : Flakes and Molten.
By End-use :
Pharmaceutical, Agrochemicals,
Food & Beverage, Personal Care & Cosmetics, and others.
By
Regions : Asia Pacific, North America, Europe, and the
Rest-of-the-World.
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