Product Code: ETC414861 | Publication Date: Oct 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Hydroquinone Market is poised for steady growth rate improvements from 2025 to 2029. From 3.16% in 2025, the growth rate steadily ascends to 14.94% in 2029.
By 2027, the Hydroquinone market in Thailand is anticipated to reach a growth rate of 5.66%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
Hydroquinone is a chemical compound used in the cosmetics and skincare industry for its skin-lightening properties. The market for hydroquinone in Thailand is influenced by consumer preferences for skincare products and beauty standards. However, regulatory changes and concerns about the safety of hydroquinone have led to restrictions on its use in some countries. In Thailand, the market may be influenced by shifts towards more natural and safer skincare alternatives.
The Thailand hydroquinone market is growing due to its applications in the cosmetic and healthcare industries. Hydroquinone is used as a skin-lightening agent and in the treatment of skin conditions such as hyperpigmentation. The increasing focus on personal grooming and skin care is driving the demand for hydroquinone-based products. Moreover, the pharmaceutical sector utilizes hydroquinone in the synthesis of certain medications, further contributing to market growth.
The hydroquinone market in Thailand faces challenges related to regulatory restrictions and consumer concerns about skin safety. Hydroquinone is often used in skincare products to lighten skin, but concerns about potential side effects, including skin irritation and long-term health risks, have led to stricter regulations and consumer preferences for alternative ingredients. Adapting to these changing consumer demands and regulations is essential for market players.
The hydroquinone market in Thailand experienced both positive and negative effects during the COVID-19 pandemic. Hydroquinone is used in the cosmetics and personal care industry, and the lockdowns and restrictions initially led to decreased demand for such products. However, the focus on personal hygiene and skincare later resulted in a resurgence in demand. Supply chain disruptions and raw material shortages also affected production. Manufacturers had to innovate and adapt their business strategies to navigate these fluctuations, and the long-term market outlook depends on consumer behavior and economic recovery.
The Thailand hydroquinone market features companies such as Great Lakes Fine Chemicals Co., Ltd., and Quimidroga Asia Pacific Co., Ltd., which specialize in the production and distribution of hydroquinone for cosmetics, pharmaceuticals, and other industries.
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 Thailand Hydroquinone Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Hydroquinone Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Hydroquinone Market - Industry Life Cycle |
3.4 Thailand Hydroquinone Market - Porter's Five Forces |
3.5 Thailand Hydroquinone Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.6 Thailand Hydroquinone Market Revenues & Volume Share, By End-Use , 2021 & 2031F |
4 Thailand Hydroquinone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Hydroquinone Market Trends |
6 Thailand Hydroquinone Market, By Types |
6.1 Thailand Hydroquinone Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Thailand Hydroquinone Market Revenues & Volume, By Application , 2021-2031F |
6.1.3 Thailand Hydroquinone Market Revenues & Volume, By Intermediate, 2021-2031F |
6.1.4 Thailand Hydroquinone Market Revenues & Volume, By Antioxidant, 2021-2031F |
6.1.5 Thailand Hydroquinone Market Revenues & Volume, By Polymerization Inhibitor, 2021-2031F |
6.1.6 Thailand Hydroquinone Market Revenues & Volume, By Photosensitive Chemical, 2021-2031F |
6.1.7 Thailand Hydroquinone Market Revenues & Volume, By Others , 2021-2031F |
6.2 Thailand Hydroquinone Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Thailand Hydroquinone Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.3 Thailand Hydroquinone Market Revenues & Volume, By Polymers, 2021-2031F |
6.2.4 Thailand Hydroquinone Market Revenues & Volume, By Paints & Adhesives, 2021-2031F |
6.2.5 Thailand Hydroquinone Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.6 Thailand Hydroquinone Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Hydroquinone Market Import-Export Trade Statistics |
7.1 Thailand Hydroquinone Market Export to Major Countries |
7.2 Thailand Hydroquinone Market Imports from Major Countries |
8 Thailand Hydroquinone Market Key Performance Indicators |
9 Thailand Hydroquinone Market - Opportunity Assessment |
9.1 Thailand Hydroquinone Market Opportunity Assessment, By Application , 2021 & 2031F |
9.2 Thailand Hydroquinone Market Opportunity Assessment, By End-Use , 2021 & 2031F |
10 Thailand Hydroquinone Market - Competitive Landscape |
10.1 Thailand Hydroquinone Market Revenue Share, By Companies, 2024 |
10.2 Thailand Hydroquinone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |