The Global Market for Optical Brighteners is Expected to Reach $1.11 Billion by 2024, Expanding at a CAGR of 6.5% from 2018

News provided by

Nov 15, 2018, 16:30 ET

DUBLIN, Nov. 15, 2018 /PRNewswire/ --

The "Optical Brighteners Market Size, Share & Trends Analysis Report By Application (Paper, Fabrics, Detergents & Soaps), By End Use (Consumer Products, Security & Safety), By Region, And Segment Forecasts, 2018 - 2024" report has been added to ResearchAndMarkets.com's offering.

The global optical brighteners market size is expected to reach USD 1.11 billion by 2024. The market is projected to expand at a CAGR of 6.5% during the forecast period. Rapid growth in industries such as paper, textile, and detergent and soap is anticipated to drive the market demand.

Optical brighteners find applications in paper brightening, detergents and soaps, fabrics, and synthetics and plastics. They are also used in various end-use sectors including cosmetics, textile, and industries. Soaps and detergent industry is experiencing a strong demand from the emerging economies. At present, optical brighteners are the most widely used chemicals in detergents and soaps. Use of optical brighteners in laundry detergents makes clothes look cleaner and brighter and this factor is expected to boost their demand over the forecast period.

There has been significant a rise in the consumption of detergents in the global household sector, thus, manufacturers are increasing their production capacities. This is also anticipated to have a positive impact on the market growth. The market is segmented on the basis of end-use, which includes consumer products, safety and security, textiles and apparels, packaging, and others. Consumer products led the overall market in the past and is expected to witness a significant rise in the coming years.

This growth is attributed to their wide range of applications in various household products including washing, cosmetics, laundry detergents, and soaps. In the last few years, global market has witnessed a sudden increase in demand from various companies and institutions for the purpose of R&D of optical brighteners, thereby, augmenting the market expansion.

Key Findings

The global optical brighteners market stood at USD 661.5 million in 2015 and is anticipated to reach USD 1.11 billion by 2024, growing at a CAGR of 6.5% over the forecast period. This can be attributed to rising product demand from the paper and textile industries in emerging economies of China, India, and Indonesia.
Paper was the largest application segment in 2015, accounting for 35.9% of the global volume. On the other hand, consumer products led the market by end use in 2015 and is expected to witness promising growth during the next few years.
Key companies in the market include 3V Sigma SpA, Aron Universal Ltd., Clariant AG, Huntsman Corp., Archroma, Deepak Nitrite Ltd., and Keystone Aniline Corp., BASF SE. Most of these companies are focusing on R&D for development of newer formulations for optical brighteners.

Topics Covered

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Optical brighteners market - Industry summary and key buying criteria, 2013 - 2024

Chapter 3. Optical brighteners Industry Outlook
3.1. Optical brighteners market segmentation
3.2. Optical brighteners market size and growth prospects, 2013 - 2024
3.3. Optical brighteners market value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Optical brighteners market dynamics
3.7.1. Market driver analysis
3.7.1.1. Growing demand from paper industry
3.7.1.2. Growth of textile industry in emerging economies
3.7.2. Market restraint analysis
3.7.2.1. Threat from substitutes
3.8. Optical brighteners market key opportunities prioritized
3.9. Optical brighteners market Porter's analysis
3.10. Optical brighteners competitive landscape, 2015
3.11. Optical brighteners market PESTEL analysis

Chapter 4. Optical Brighteners Application Outlook
4.1. Global optical brighteners market share by application, 2015&2024
4.2. Paper
4.3. Detergents & Soaps
4.4. Fabrics
4.5. Synthetics & Plastics
4.6. Others

Chapter 5. Optical brighteners End-Use Outlook
5.1. Global optical brighteners market share by application, 2015&2024
5.2. Consumer products
5.3. Security & Safety
5.4. Textiles & Apparel
5.5. Packaging
5.6. Others

Chapter 6. Optical Brighteners Regional Outlook
6.1. Global optical brighteners market share by region, 2015&2024
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Latin America
6.6. MEA

Chapter 7. Competitive Landscape
7.1. BASF SE
7.2. Huntsman Corporation
7.3. Archroma
7.4. Keystone Aniline Corporation
7.5. 3V Incorporation
7.6. Clariant AG
7.7. Aron Universal Ltd.
7.8. Republic Powered Metals (RPM)
7.9. Deepak Nitrite Limited
7.10. Teh Fong Min International Co. Ltd.
7.11. Brilliant Colors Inc.

For more information about this report visit https://www.researchandmarkets.com/research/lt26r6/the_global_market?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets