2-ETHYL ANTHRAQUINONE MARKET ANALYSIS

2-Ethyl Anthraquinone MarketSize and Trends

Market Outlook

Global 2-ethyl anthraquinone market size is projected to increase significantly during the forecast period (2019-2027), owing to growing use of 2-ethyl anthraquinone in various industries. Increasing demand for hydrogen peroxide as it is finds applications in various industries as bleaching agent is expected to drive growth of the market during the forecast period. It is used as bleaching agent in cotton, fibers, and detergent production. Furthermore, increasing demand for paper packaging is expected to boost the demand for 2-ethyl anthraquinone and thereby support growth of the market during the forecast period. Moreover, detergent industry has witnessed significant growth in the recent past, which is expected to boost the demand for 2-ethyl anthraquinone and hence propel growth of the market in the near future. Furthermore, high growth of GDP, increasing disposable income of individuals around the world are expected to increase the demand for 2-ethyl anthraquinone and thereby drive growth of the market over the forecast period.