Published By : 13 Sep 2016 | Published By : QYRESEARCH
Optical brighteners have experienced an exponential demand in the past few years due to the booming development of the industry of textiles, particularly in emerging nations such as that of Mexico, China, Turkey, and Taiwan. A number of optical brighteners are also gaining demand due to the growing demand from numerous sun and skin care products. Optical brighteners have a number of application areas such as textiles, paper, detergents, plastics, cosmetics, ceramics, and others.
Stilbene will Lead Market from 2015 to 2023
In terms of material, the optical brighteners market is segmented into coumarin, stilbene dicarboxylic acid, diphenyl pyrazoline, cinnamic acid, and others. Amongst these, stilbene is the leading segment and is an extensively utilized chemical. In 2014, this segment held a share of more than 65% in the market. This segment is also predicted to maintain its superiority all through 2015 to 2023. A number of stilbene derivatives including triazine-stilbenes and biphenyl-stilbenes are utilized as commercial grade optical brighteners in a number of applications.
Asia Pacific Held Dominant Share of Over 38% in 2014
Geographically, the global optical brighteners market is categorized into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa (MEA). Of these, the Asia Pacific optical brighteners market held a dominant share of more than 38% in 2014. The increasing raw material production and the exponentially growing end-use industries of paper, detergent, ceramics, and plastics will add to the growth of this region.
Increasing Opportunities in Textile and Detergent Industries to Fuel Market Growth in North America and Europe
On the other hand, in 2014, North America and Europe have also emerged as key revenue generators in the global optical market and these two regions are predicted to maintain their superiority between 2014 and 2023. However, they may lose a small amount of their shares in this market by 2023. Although a number of development of opportunities in the industries of textile and detergent will make these two regions expand at a higher growth rate in comparison to that of Asia Pacific from 2015 to 2023.
Deepak Nitrite Ltd. (India), Daikaffil Chemicals India Limited (India), Kolor Jet Chemical Pvt. Ltd. (India), Meghmani Dyes and Intermediates Ltd. (India), and Huntsman Corporation (U.S), among others, are the leading players in the global optical brighteners market.