The global optical brighteners market is expected to reach
USD 1.11 billion by 2024, according to a new report by Grand View Research,
Inc. Rising demand for optical brighteners from various industries including
paper, personal laundry, textiles and cosmetics to improve illumination of the
finished product is expected to be a principal factor in stimulating growth
over the forecast period.
Increasing demand for whitening
agents from the paper industry owing to their ability to impart superior brightness
is expected to improve product penetration over the forecast period. Paper
accounted for 35.8% of the global volume share in 2015. Growing consumer demand
for paper from emerging economies including India and China is expected to
propel expansion over the forecast period.
Textiles & apparels are one
of the major end-uses of optical brighteners and are projected to witness
significant growth at a 6.1% CAGR from 2016 to 2024. Increasing competitiveness
among textile and garment manufacturers in Asia Pacific on account of high
consumer demand has resulted in a significant rise in production volumes. This
in turn has made a positive impact on the product demand owing to its ability
to impart various shades of white to textiles & apparels which will influence
industry expansion over the next few years.
North America optical brighteners market revenue, by
end-use, 2013 - 2024 (USD Million)
Browse full research
report on Optical Brighteners Market: http://www.grandviewresearch.com/industry-analysis/optical-brighteners-market
- European optical brighteners market is expected to
grow at a CAGR of 6.4% from 2016 to 2024 in terms of volume. Germany,
France and Italy are expected to be key markets on account of a positive
outlook of the cosmetics industry. Penetration of optical brighteners has
increased significantly in personal care products such as soaps and
shampoos which have resulted in improving market dynamics of the product
in Europe.
- Asia Pacific is expected to witness the fastest
growth over the projected period. Increasing production volumes of textile
and paper in India, Thailand and China is likely to propel expansion of
the product over the next eight years. The market is predicted to reach a
value of USD 312.3 million by 2024. Cost effective production approach of
optical brightener manufacturers in the region has been a major incentive
for growth.
- The demand for optical brighteners in consumer
products was 59.4 kilo tons in 2015. Various government policies including
FDI and “Make in India’’ is expected to drive the Indian paper and textile
industries. Rising demand for detergents &soaps in countries including
India, China, U.S., and Saudi Arabia will play a significant role in
influencing growth over the forecast period.
- Key industry players include Huntsman International
LLC, Archroma, RPM International Inc., Aron Universal Limited, Teh Fong
Min International Co., Ltd., Keystone Inc., BASF SE, Deepak Nitrite
Limited and 3V Incorporation. Companies in this sector are increasing
their production capacities to expand their business presence and gain
market share.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-optical-brighteners-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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