Product
Hydroquinone Price Trends and Forecast
Hydroquinone Price Trends and Forecast
Regional Price trends
Get the latest insights on price movement and trends analysis of Hydroquinone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Hydroquinone Price Trends for First Half of 2023
Asia
The pharmaceutical industries, along with the food and healthcare sectors, performed poorly in the first quarter of 2023, which had a negative impact on the price trends of hydroquinone. In addition to this, the ample supply of hydroquinone in the region and the reduced interest of consumers also hampered the growth of the hydroquinone price trends.
The decline in the prices was much more prominent in the second quarter as the decline in demand steeped. The falling level of the economy and the low number of sales from the downstream industries ultimately kept the prices of hydroquinone in the negative zone.
Europe
In European countries, the downward trajectory of the hydroquinone price trends was caused by low demand from the downstream industries and a slow economy. In addition to this, the imports from Asian countries also declined, hampering trading activities.
The production of hydroquinone was far more than the required amount, which caused the levels of stockpiles to shoot up in the first and second quarters of 2023. The feedstock market also failed to support the market activities of hydroquinone and thus resulted in a decline in the price trends of hydroquinone.
North America
In the first quarter, the demand from the downstream industries was consistent while the freight charges declined. However, the price trends of hydroquinone declined significantly in the second quarter as the demand from end-user industries plunged and the level of inventories rose. Additionally, the market activities of the feedstock markets also remained weak, which further hampered the growth of the hydroquinone market.
Analyst Insight
According to Procurement Resource, the price trends of Hydroquinone is expected to fall in the upcoming quarters as the prices are negatively affected by weak trading activities and low demand from the end-user sectors.
Procurement Resource provides latest prices of Hydroquinone. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Hydroquinone is a white crystalline solid that acts as an antioxidant in various chemical reactions. In black-and-white photography, it is used as a reducing agent and in cosmetics and dermatological industries it acts as a skin-lightening chemical. In addition to this, it also functions as an essential building block in the synthesis of various organic chemicals.
Product Details
| Report Features | Details |
| Product Name | Hydroquinone |
| Chemical formula | C6H6O2 |
| Industrial Uses | Chemical Intermediate, Cosmetics, Antioxidants, Polymer and resin production, Photographic chemical |
| CAS Number | 123-31-9 |
| Synonyms | Benzene-1,4-diol |
| Molecular weight | 110.11 g/mol |
| HS Code | 290722 |
| Supplier Database | Solvay, Eastman Chemical Company, Mitsui Chemicals Inc., Camlin Fine Sciences Ltd, UBE Corporation |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In the initial step, benzene and propane are first subjected to dialkylation reaction that gives 1,4-diisopropyl benzene. When this product is exposed to air, it produces bishydroperoxide which in acidic solution rearranges itself into hydroquinone.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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