The Optical Brighteners Market size is estimated to reach USD 1.44 Billion from USD 0.81 billion in 2019, delivering a CAGR of 7.3% through 2027. The market growth is driven by surging product demand for paper, detergents & soap, and fabric applications.
Optical brighteners are additives that are often used to enhance the appearance of the color of a fabric or paper, resulting in a whitening effect. They are also known as fluorescent whitening agents and offer unique properties, such as light fastness, high fluorescence, chemical stability, and heat resistance, making it ideal for application in the paper and textile industry.
Key players in the optical brighteners market are Clariant AG, Keystone Aniline Corporation, Huntsman Corporation, 3V Corporation, Aron Universal Ltd., BASF SE, Republic Powdered Metals, Brilliant Colors Inc., Deepak Nitrite Limited, and The Fong Min International Co. Ltd., among others.
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Currently, optical brighteners are the most extensively used chemicals in the soaps and detergents industry. It is widely used in laundry detergents to aid clothes to look cleaner and brighter. Also, the growing demand for paper products with a superior aesthetic appeal will positively impact optical brighteners market growth over the coming years. Moreover, expanding product application scope in lacquers, pigmented lacquers, and universal tracer, further supplement optical brighteners market share through 2027.
Further key findings from the report suggest
- Based on application, the paper segment contributed significantly to the optical brigteners market share in 2019 and is forecast to witness a growth rate of 7.5% through 2027 on account of increasing product utilization to produce papers that are whiter and brighter.
- The textiles segment held the second-largest market share in 2019 and is likely to showcase a notable growth rate of 7.6% over the analysis period.
- Based on distribution channel, the offline distribution is estimated to exhibit a growth rate of 6.8% through 2027. However, the online segment is also witnessing major popularity and is likely to register a faster rate of 8.1% over the projected timeframe.
- Based on industry vertical, the safety & security segment is forecast to grow at 7.1% over the analysis period. The robust growth can be attributed to extensive product application for detecting detect imperfections, in coatings including thin spots and pinholes through a UV light source. Moreover, increasing usage of optical brightener latex polymer as a marker or for security documents, bank checks, inks & coatings, and other materials for successive identification will boost segmental growth.
- In 2019, the consumer goods segment accounted for 37.7% of the optical brighteners market share and is set to witness a growth rate of 7% over the analysis period owing to surging demand for paper, detergents, soaps, apparel, and other consumer goods.
- In the regional landscape, North America is estimated to register a growth rate of 7.1% through 2027 on account of growing product demand from end-use industries like textiles and paper.
- Europe is estimated to exhibit a CAGR of 6.8% through 2027 on account of the growing demand for optical brighteners in countries such as Italy, France, and Germany, as a result of the high demand for cosmetic products.
- On 10th July 2020, a manufacturer of stroboscopic inspection lighting, Unilux, launched a new line of portable UV inspection strobes that offer improved efficiency by illuminating a larger area of Ultra Violet-visible inks and optical brighteners to detect any defects at full production speed.
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For the purpose of this report, Reports and Data has segmented the Global Optical Brighteners Market on the basis of application, distribution channel, industry vertical, and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Paper
- Fabrics
- Soaps & Detergents
- Plastics & Synthetics
- Others
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Online
- Offline
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Consumer Goods
- Security & Safety
- Textile
- Packaging
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- North America
- US.
- Europe
- UK.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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In terms of revenue, the global optical brighteners market is projected to expand at a CAGR of 4.9% from 2018 to 2026, according to a new research report titled ‘Optical Brighteners Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR) In terms of value, the global optical brighteners market is expected to reach US$ 2,036 Mn by 2026.
The optical brighteners market in Asia Pacific is estimated to expand at a CAGR of 5.4% during the forecast period, owing to the rapid increase in demand for optical brighteners in the cleaning sector in the region.
Based on chemical, the stilbene segment held major share of the global optical brighteners market in 2017.
Stilbene is widely used to manufacture detergents and cleaning powders.
Pure chemical nature provides high toxicity in case of direct human contact.
Optical brighteners are widely used for the whitening of pulp and paper products.
“Optical Brighteners Market” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope.
The Report specifies the complete estimate of Optical Brighteners Market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Some are the key players taken under coverage for this study are BASF SE, Huntsman International LLC., Clariant, 3V Sigma USA Inc., Archroma, Blankophor GmbH & Co.
KG., Milliken & Company, Eastman Chemical Company, Dayglo Color Corp, Rudolf GmbH, Paramount Minerals and Chemicals Limited“Optical Brighteners Market will reach an estimated valuation of USD 2.72 billion by 2027, while registering this growth at a rate of 4.85% for the forecast period of 2020 to 2027.”Get Sample Copy of Optical Brighteners Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-optical-brighteners-marketGlobal Optical Brighteners Market Key Benefits:The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.Key market players are profiled to gain an understanding of the strategies adopted by them.This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.Businesses can surely expect the reduced risk of failure with this Optical Brighteners Market research report.
With this market report study, businesses can know about the key opportunities in the market and influencing factors which is useful to take business to the highest level.
This Optical Brighteners Market research report is a definite solution to have exclusive market research data that anticipates business needs.Who are the key Top Competitors in the Global Optical Brighteners Market?Some of key competitors or manufacturers included in the study are BASF SE, Huntsman International LLC., Clariant, 3V Sigma USA Inc., Archroma, Blankophor GmbH & Co.
The Global Optical Brighteners Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Optical brighteners are light absorbing chemical agents functioning in ultraviolet and violet attributes.
These attributes operate in electromagnetic spectrum which later re-emits light which shines on it, making it appear brighter.
Optical brighteners are used to make soap and detergents to make clothes appear clean and bright.
In addition, it finds applications in papers, cosmetics, textile, plastics etc.
Optical brightener is used to improve the color of various plastics.Report includes a detailed analysis on value chain in order to provide a holistic view of the optical brighteners market.
The complete research framework on Global Optical Brighteners Market reveals various influencing factors like growth factors, industry drivers, restraints, production techniques, latest market trends, market challenges, market extension and opportunities for beginners and established players in global runway lighting market.
As per the world economic evaluate growth rate of the past four years, market size is estimated from 610 million $ in 2014 to 800 million $ in 2017.
The prime objective of this report is to help the user understand market share distribution of number of key players in the market included are Rpm International Inc., Basf Se, Huntsman Corp, Clariant Ag, Keystone Aniline Corporation, Brilliant Group Inc., Aron Universal Ltd, 3V Inc., Teh Fong Min International Co. Ltd., Archroma.The Optical Brighteners Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
The Optical Brighteners market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, the Optical Brighteners business development patterns and marketing stations have been analyzed.Request for free sample report @ https://www.indexmarketsresearch.com/report/global-optical-brighteners-market/24111/#requestforsampleThe Optical Brighteners Market covers company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of the market.
The market competition is constantly growing higher with the rise in technological innovation and M activities in the industry.
