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”, estimates that global anthraquinone market 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 forecast period 2018 – 2025.
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Expanding interest for items which are more eco-accommodating and less harmful to living creatures are accountable for driving the business forward. Alongside the variables responsible for the demand of such medications which are useful in relieving a few illnesses (diabetes, malignant growth, and so forth.), however these medications contain less measure of anthraquinone. Intemperate portion of anthraquinone is damaging to amphibian animals and may cause long haul changes in the oceanic condition, in this way influencing the entire environment contrarily. It can likewise cause malignant growth and eye disturbance. Additionally, a high portion of anthraquinone can cause gastrointestinal aggravations and demonstrate some dangerous symptoms, for example, vomiting, dermatitis, nausea, bloody diarrhoea, dizziness, acute abdominal cramping & pain. In extreme conditions, it can likewise prompt a damaged kidney. These are some of the factors which can curb the anthraquinone market growth. The need to fabricate drugs which can be utilized for treatment of gastrointestinal, interminable liver, kidney infections and type 2 diabetes will make open doors for anthraquinone business. The growth in textile and fashion industry will prompt the development of integrated dye industry which will create high demand for anthraquinone. Also, growing manufacturing of medications which can fix few sicknesses like malignant growth and diabetes and which use anthraquinone as a key component will keep the interest for anthraquinone developing which in turn will impel the market growth throughout the forecasting time span.
North America Acquired Largest Share In Terms Revenue And Consumption In 2017
The demand for anthraquinone is expected to increase in North America due to increasing investments in manufacturing industry and rising disposable income. The United States accounted for largest market share in the North America anthraquinone market, due to its high literate population, economic conditions, and rise in foreign trade in the country. In addition, the manufacturers are expanding their business in other developing Asian countries where market penetration is low but is expected to grow at high rate during the forecast phase. The Asia-Pacific is expected to be the largest market in terms of CAGR for the anthraquinone due to high penetration of consumers demanding convenience products in this region. China, Japan, and India holds a major share in Asia-Pacific region. Besides, the Brazil accounted for major market share in the LATAM because of well-established manufacturing sector and is expected to grow at high rate during the forecast period. Also, other countries including Argentina, Peru, and Chile accounted for significant market share owing to the developing infrastructure and growing economies in these regions.
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Insights on Market Segment
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, and others. By application, anthraquinone is further bifurcated into paper industry, dyestuff, chemical, medicine, and other industries. Based on geography, market is classified into North America, Europe, Asia Pacific, and Rest of the World.
Application Insights
Dyestuff application segment held the principle share in the global anthraquinone market due to aspects such as synthetic dyes are often derived from 9,10-anthraquinone, such as alizarin. Important derivatives are 1-nitroanthraquinone, anthraquinone-1-sulfonic acid, and the dinitroanthraquinone. Natural pigments that are derivatives of anthraquinone are found, inter alia, in aloe latex, senna, rhubarb, and cascara buckthorn, fungi, lichens, and some insects. The anthraquinone sale in dyestuff was over 100 K Tons, and will reach over 190 K Tons by 2025; while the sales market share in dyestuff was around 33% in 2017 and is predicted to grow at a considerable rate.
Key Players
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 the new participants to open new manufacturing facilities in the rising economies such as India, China, Brazil, etc. where penetration is low and is projected to increase several folds through the forecasting timeframe.
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