4,4-Dihydroxybenzophenone (4,4′-DHB) is an organic compound that is used in a variety of products as a photo initiator, an ultraviolet (UV) stabilizer, and an antioxidant. It is often used in the form of industrial coatings, adhesives, and printing inks. 4,4′-DHB has also become increasingly popular in personal care products such as sunscreen lotions, where it helps to protect the skin from damage caused by UV radiation.
Global demand for 4,4′-DHB is estimated to increase significantly in the coming years due to the growing global personal care industry and increasing awareness of the need to protect the skin from UV radiation. The growth of the global 4,4′-DHB market is primarily driven by the increasing demand from the growing personal care industry and rising awareness about health implications of UV radiation exposure. The increasing popularity of 4,4′-DHB in various industries such as printing and coating is also expected to drive the growth of the market.
The global 4,4-Dihydroxybenzophenone market was valued at US$ 8 million in 2022 and is anticipated to reach US$ 12 million by 2029, witnessing a CAGR of 5.7% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global 4,4-Dihydroxybenzophenone Market available at: https://www.themarketreports.com/report/global-44-dihydroxybenzophenone-market-research-report
This report aims to provide a comprehensive presentation of the global market for 4,4-Dihydroxybenzophenone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 4,4-Dihydroxybenzophenone.
Most of the world’s 4,4’-Dihydroxybenzophenone is produced and consumed in China with 92% of market share. Although Europe is the second largest consumer market, its share is very low.
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