Global 2-Methylresorcinol Market Size By Type (Medical Grade, Cosmetic Grade), By Application (Cosmetics, Hair Dyes), By Geographic Scope And Forecast

2-Methylresorcinol Market Size And Forecast

2-Methylresorcinol Market size is valued at USD 72.26 Million in the year 2021 and it is expected to reach USD 141.20 Million in 2030 at a CAGR of 7.73% over the forecast period of 2023 to 2030.

The market’s growth is dependent on several factors, such as product formulation and format innovation, growth in the novelty color segment as a premium product, and influence through social media and blogging. The Global 2-Methylresorcinol Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global 2-Methylresorcinol Market Definition

Resorcinol is a sweet-tasting white crystalline solid. 2-Methylresorcinol is a crystalline powder that is slightly yellow in colour. Resorcinol and 2-Methylresorcinol are commonly used in the formulation of hair dyes and colors in cosmetics and personal care products. Other hair and skin care products contain resorcinol.

Resorcinol and 2-Methylresorcinol aid in the coloring of hair. The exact color obtained will be determined by the other ingredients used in the preparation as well as the starting color of the hair. These ingredients could also act as antioxidants. 2-methylresorcinol is the starting point for aromatic benziporphyrins, tripyrrane analogs, and C-5-bromo-2-hydroxyphenylcalix-2-methylresorcinarene. It is also used in the formulation of oxidative and non-oxidative hair dyes.

Global 2-Methylresorcinol Market Overview

The demand for 2-Methylresorcinol Market is being driven by an increase in consumer awareness about personal care and an increase in the use of hair coloring products. During the forecast period, the global ageing population is expected to drive demand for the 2-Methylresorcinol market. Furthermore, rising brand recognition and the influence of hair coloring products via social platforms are expected to drive market growth over the forecast period. The growing consumer awareness of hair color ingredients and their effects on hair strengthens consumer preference, propelling market growth.

The aging population drives significant market growth because the elderly mostly use hair dye to recolor their hair. Furthermore, the market is expected to benefit from the growing global trend toward organic hair color products in the near future. However, the primary restraint of the 2-Methylresorcinol market is the side effects of chemical ingredients used in hair dyes and colors. According to a safety document published by the Scientific Committee on Consumer Products (SCCP), 2-Methylresorcinol may cause respiratory irritation, severe eye irritation, and skin irritation. It is also toxic if consumed.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global 2-Methylresorcinol Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global 2-Methylresorcinol Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global 2-Methylresorcinol Market Segmentation Analysis

The Global 2-Methylresorcinol Market is Segmented on the Basis of Type, Application, And Geography.

2-Methylresorcinol Market, By Type

• Medical Grade
• Cosmetic Grade

Based on Type, the market is segmented into Medical Grade and Cosmetic Grade. In cosmetic grade, methyl 2 resorcinol is used to treat acne, seborrheic dermatitis, psoriasis, eczema, and other skin disorders. It is also employed in the treatment of corns, calluses, and warts. Resorcinol works by assisting in the removal of hard, scaly, or roughened skin.

2-Methylresorcinol Market, By Application

• Cosmetics
• Hair Dyes
• Others

Based on Application, the market is segmented into Cosmetics, Hair Dyes, and Others. In cosmetic hair dye formulations, 2-Methylresorcinol and Resorcinol are most commonly used at concentrations ranging from 1 to 5%. In permanent hair dyes, resorcinol reacts with a developer (typically peroxide) to permanently bond the dye to the hairs. Resorcinol is typically combined with other chemicals to produce a specific dye colour.

2-Methylresorcinol Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the Basis of Geography, the Global 2-Methylresorcinol Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region has a significant and expanding cosmetic industry, which is being driven by rising urbanization, rising disposable incomes, and changing beauty trends. 2-Methylresorcinol is widely used in hair dyes and other cosmetic products, and the growing cosmetic industry may increase demand for this compound.

Key Players

The “Global 2-Methylresorcinol Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Lanxess AG, Sigma-Aldrich Corporation, Eastman Chemical Company, BASF SE, Solvay SA, Parchem Fine & Specialty Chemicals, Alfa Aesar (Thermo Fisher Scientific), Penta Manufacturing Company, Nantong Alchemy Biotech Development Co., Ltd., Toronto Research Chemicals, Waterstone Technology LLC, Acade Chemical Co., Ltd., Nanjing Chemlin Chemical Co., Ltd., Merck Millipore, Meryer Chemical Technology Co., Ltd. among others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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