from web site
m-Dihydroxybenzene, commonly known as hydroquinone or benzene-1,4-diol, is a colorless crystalline organic compound widely used across pharmaceutical, agrochemical, adhesive, resin, and cosmetic industries. With its versatile chemical properties and increasing demand across multiple sectors, the m-Dihydroxybenzene market is positioned for steady growth in the years ahead.
In 2023, global m-Dihydroxybenzene market was valued at USD 599.8 million and is projected to reach USD 710.0 million by 2029, growing at a CAGR of 2.8% from 2024 to 2029.
Top Companies in m-Dihydroxybenzene Market
In terms of market share:
Zhejiang Longsheng Group holds 34.3%
Sumitomo Chemical follows with 32.4%
Hami Shengdian Technology accounts for 18.7%
Atul has a 10.2% share
Key Market Insights
Asia-Pacific holds the largest market share due to strong manufacturing bases in China and India. North America and Europe also contribute significantly, driven by growing applications in pharmaceuticals and cosmetics.
Growth Drivers
Restraints
Opportunities
Challenges
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