Optical Brighteners Market Growing at 9.6% CAGR to 2020
PUNE, India, March 31, 2016 /PRNewswire/ --
Optical brighteners provide industries with immense development opportunities of newer materials, which have enhanced properties and improved brightness, thus driving the market growth. Global optical brighteners market size will reach at $1.05 billion by 2020 at a CAGR of 9.6% between 2015 and 2020.
Complete report on global optical brighteners market spread across 145 pages, profiling 10 companies and supported with 122 tables and 49 figures is now available at http://www.rnrmarketresearch.com/optical-brighteners-market-by-application-paper-fabrics-detergents-soaps-synthetics-plastics-others-by-end-user-consumer-products-textiles-apparel-packaging-security-safety-others-global-for-st-to-2020-market-report.html .
Growing consumption of optical brighteners in coated as well as uncoated paper play a significant role in driving the optical brighteners market. Optical brighteners are also used in the production of uncoated fine paper, particularly in uncoated fine paper grades containing high-yield pulp (HYP). Increasing level of whiteness and the HYP substitution in fine papers have increased the importance of optical brighteners globally in the recent years. The Indian government has started investment promotion programs to assist companies that are developing and manufacturing paper, pushing the growth of this market upward. Light fastness, low volatility, chemical stability, and heat resistance are the key properties of optical brighteners, which make it the preferred material for various applications.
Growing innovation and development, along with increasing demand from the consumer industries for better paper products, are directly increasing the demand for paper in optical brighteners market.
In 2015, Europe was the largest optical brighteners market but Asia-Pacific registered the highest growth rate during the period forecasted between 2015 and 2020. The region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China and India. China is the second largest market (after U.S.) for optical brighteners globally with major demand from paper application.
Major companies profiled in the report include BASF SE (Germany), RPM International Corp. (U.S.), Keystone Aniline Corporation (U.S.), Aron Universal (India), Huntsman Corporation (U.S.), Clariant AG (Switzerland), Brilliant Colors Inc. (U.S.), 3 V Incorporation (U.S.), and The Fong Min International Company Limited (Taiwan), and Archroma (Switzerland). Order a copy of Optical Brighteners Market by Application (Paper, Fabrics, Detergents & Soaps, Synthetics & Plastics & Others), by End User (Consumer Products, Textiles & Apparel, Packaging, Security & Safety & Others) - Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=515100 .
Growing innovation and developments and demand in the consumer industries for better products is directly affecting the rise in the use of optical brighteners in Asia-Pacific region.
On a related note, another research on Polymethyl Methacrylate (PMMA) Microspheres Market by Application and Size Forecast 2015 to 2020 says, the market is projected to reach USD 191.7 million by 2020, at a CAGR of 8.5% from 2015 to 2020. The growth of this market is largely attributed toward the increasing demand for flat panel display, architectural coatings, and medical applications in which PMMA microspheres are majorly used. Companies like Cospheric LLC (U.S.), Sunjin Chemical Co., Ltd. (South Korea), Microbeads (Norway), and Imperial Microspheres (U.S.) have been profiled in this 93 pages research report with 39 tables and 41 figures available at http://www.rnrmarketresearch.com/polymethyl-methacrylate-pmma-microspheres-market-by-application-displays-coatings-cosmetics-medical-3d-printing-inks-and-films-size-0-to-30-microns-above-30-microns-global-forecast-to-2020-market-report.html .
Explore more reports on Materials & Chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
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