World News: 14:00 GMT Friday 11th January 2019. [Acumen Research and Consulting via Globe Newswire via SPi World News]
Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled “Anthraquinone Market (Type: 9,10-Anthraquinone, 1,2-Anthraquinone, 1,4-Anthraquinone, Others; Application: Paper Industry, Dyestuff, Chemical, Medicine, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”.
PUNE, India, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Global is expected to reach the market value of around $2.2 billion by 2025 and is anticipated to grow at a CAGR of around 8.6% in terms of revenue during the forecasting period 2018 – 2025.
Anthraquinone process is the most widely used process for production of hydrogen peroxide. Other major application of anthraquinone includes production of dyes. Hydrogen peroxide production and production of dyes constitute nearly all the global demand for anthraquinone and this trend is anticipated to continue for a foreseeable future. Other niche application of anthraquinone include chemical intermediary in the production of several other chemicals. Major end user industries for anthraquinone include paper, textile, detergent bleaches and water purification among several others. Paper and pulp are the most dominant end user industries for anthraquinone and this trend is expected to continue during the forecast period.
9,10-Anthraquinone, held the prime share of over 70% in global anthraquinone market and is anticipated to grow at a highest CAGR through the predicted time span. In application segment, dyestuff paper leads the market owing to the growth in textile industry which will keep Anthraquinone in demand. Moreover, growing manufacturing of such drugs which can cure diseases like diabetes and cancer and which utilize anthraquinone as a vital component will keep the demand for anthraquinone mounting.
Surge in demand for paper packaging applications also has been among major factors fuelling the demand for anthraquinone. High growth in dyestuff market is anticipated to drive the demand for anthraquinone during the forecast period. Demand for anthraquinone is profoundly dependent on macro economic factors such as growth in GDP; therefore, emerging economies in Asia-Pacific are also expected to be among major growth drivers for anthraquinone market. The environmental hazards associated with production of anthraquinone have led to stringent regulations in the market. The increasing numbers of environmental regulations are major factors restraining growth of anthraquinone market.
Anthraquinone industry demonstrates its supremacy in North America, trailed by Europe and Asia-Pacific. Latin America and Middle East and Africa, on the other hand, will observe a developing business sector amid the estimated time frame. Likewise, the interest for anthraquinone is required to develop essentially in the Asia-Pacific region. As far as development sought after, Asia-Pacific will be pursued by Europe and North America. Alongside expanded interest, expanding industrialization and GDP development will bolster the development in India and China. Rising economies, for example, South America and Africa are anticipated to have immense growth potential in the anthraquinone market.
Global anthraquinone market is segmented by type, application and geography. Based on different types, the market is segmented into 9,10-anthraquinone, 1,2-anthraquinone, 1,4-anthraquinone, others. Also, by application, anthraquinone is further bifurcated into paper industry, dyestuff, chemical, medicine, other. Based on geography, market is further classified into North America, Europe, Asia-Pacific, Rest of the World.
Key players active in the global anthraquinone market included in the report are LANXESS, Wuhan Seraphic Technology Co., Ltd., Nanjing Aidelong Chemical Co.,Ltd., Jiangsu Yabang Dyestuffs Co., Ltd., Zibo Yongxin Export-Import Co., Ltd., and Others.
There are lots of opportunities in the anthraquinone market for new participants to open new manufacturing facilities in rising economies such as India, China, Brazil, etc. where penetration is low and is projected to increase several folds through the forecasting timeframe.
Globe Newswire: 14:00 GMT Friday 11th January 2019
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