| Product Code: ETC5354268 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Portugal continued to heavily rely on hydroquinone imports, with key suppliers being Spain, Germany, Metropolitan France, Belgium, and Denmark. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -52.32%, with a significant decline in the growth rate from 2023 to 2024 at -80.58%. These figures suggest a challenging market environment for hydroquinone imports in Portugal, potentially impacted by various factors such as regulatory changes or shifts in consumer preferences.
The Hydroquinone market in Portugal is projected to grow at a stable growth rate of 0.93% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal Hydroquinone Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal Hydroquinone Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal Hydroquinone Market - Industry Life Cycle |
3.4 Portugal Hydroquinone Market - Porter's Five Forces |
3.5 Portugal Hydroquinone Market Revenues & Volume Share, By Application? , 2021 & 2031F |
3.6 Portugal Hydroquinone Market Revenues & Volume Share, By End-Use? , 2021 & 2031F |
4 Portugal Hydroquinone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for skincare products containing hydroquinone in Portugal |
4.2.2 Growing awareness about skin whitening and hyperpigmentation treatment |
4.2.3 Rise in disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Stringent regulations on the use of hydroquinone in cosmetic products |
4.3.2 Concerns over potential side effects and health risks associated with hydroquinone usage |
5 Portugal Hydroquinone Market Trends |
6 Portugal Hydroquinone Market Segmentations |
6.1 Portugal Hydroquinone Market, By Application? |
6.1.1 Overview and Analysis |
6.1.2 Portugal Hydroquinone Market Revenues & Volume, By Intermediate, 2021-2031F |
6.1.3 Portugal Hydroquinone Market Revenues & Volume, By Antioxidant, 2021-2031F |
6.1.4 Portugal Hydroquinone Market Revenues & Volume, By Polymerization Inhibitor, 2021-2031F |
6.1.5 Portugal Hydroquinone Market Revenues & Volume, By Photosensitive Chemical, 2021-2031F |
6.1.6 Portugal Hydroquinone Market Revenues & Volume, By Others? , 2021-2031F |
6.2 Portugal Hydroquinone Market, By End-Use? |
6.2.1 Overview and Analysis |
6.2.2 Portugal Hydroquinone Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.3 Portugal Hydroquinone Market Revenues & Volume, By Polymers, 2021-2031F |
6.2.4 Portugal Hydroquinone Market Revenues & Volume, By Paints & Adhesives, 2021-2031F |
6.2.5 Portugal Hydroquinone Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.6 Portugal Hydroquinone Market Revenues & Volume, By Others, 2021-2031F |
7 Portugal Hydroquinone Market Import-Export Trade Statistics |
7.1 Portugal Hydroquinone Market Export to Major Countries |
7.2 Portugal Hydroquinone Market Imports from Major Countries |
8 Portugal Hydroquinone Market Key Performance Indicators |
8.1 Number of new product launches containing hydroquinone in the Portuguese market |
8.2 Percentage of dermatologists recommending hydroquinone-based products for skin concerns |
8.3 Consumer sentiment towards hydroquinone-containing products based on social media mentions and reviews |
9 Portugal Hydroquinone Market - Opportunity Assessment |
9.1 Portugal Hydroquinone Market Opportunity Assessment, By Application? , 2021 & 2031F |
9.2 Portugal Hydroquinone Market Opportunity Assessment, By End-Use? , 2021 & 2031F |
10 Portugal Hydroquinone Market - Competitive Landscape |
10.1 Portugal Hydroquinone Market Revenue Share, By Companies, 2024 |
10.2 Portugal Hydroquinone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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