PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290859
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290859
Optical Brighteners Market size was valued at USD 1,450.9 million in 2022, expanding at a CAGR of 8.3% from 2023 to 2030.
Optical brighteners are synthetic chemicals that are added to the liquid and detergent powder to make clothing appear whiter, brighter, and cleaner. It is used to mask the inherent yellowness of plastics and is used to improve colors and make plastic look whiter and brighter. These are generally added to enhance the aesthetics and consumer appeal. Optical brighteners are often used in conjunction with other colorants to achieve the specific shade required by the application. It works by absorbing these UV rays and reabsorbing them in the region of the spectrum that is visible to the human eye.
Optical brighteners are used in a variety of applications, including textiles, detergents, papers, cosmetics, and plastics. Optical brighteners are commonly used in the paper industry to enhance the brightness of paper products, including printing papers, magazines, newspapers, and packaging materials. Worldwide consumption of paper has risen by 400% in the last 40 years, with 35% of harvested trees being used for paper manufacturing, according to paper statistics. furthermore, Americans now use about 31.5 million tons of printing and writing paper each year, equaling about 660 pounds per person. This requires 535 million trees and 12 billion gallons of oil. Optical brighteners are particularly popular in the production of clothing, bed linens, towels, and other textiles.
The Global Optical Brighteners Market is segmented on the basis of Chemical, Application, End-User, and Region.
The market is divided into three categories based on Chemicals: Triazine-stilbenes, Coumarins, Imidazolines, Diazoles, Benzoxazolines, and Others. These compounds have fluorescent properties, allowing them to absorb ultraviolet light and emit visible blue light, creating the perception of increased whiteness.
The market is divided into two categories based on application: Paper, Fabrics, Detergents and Soaps, Synthetics and Plastics, and Others. The paper segment dominates the market growth. optical brighteners play a significant role in the paper industry by enhancing the visual appeal of paper products.
The market is divided into two categories based on End-User: Consumer Products, Textiles and Apparel, Packaging, Security, Safety, and Others. Consumer Products dominate the market growth. Optical brighteners have become popular additives in a wide range of consumer goods, primarily in industries such as laundry care, personal care, and paper products.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Asia Pacific is expected to dominate the growth of the Optical Brighteners Market, due to increasing demand from the textile sector, Where Optical Brighteners are used as brightening and fluorescent agents for finishing textiles. Fashion statistics predicted that in total China has nearly 44,000 companies in the manufacture of textiles. Wearing apparel, accessories, leather goods, and footwear. Among these 21,000 companies focus on textile manufacturing, 15,000 companies focus on apparel and accessories and 8,000 companies manufacture leather goods and footwear. However, Companies in the Optical Brighteners market must adapt to these regional dynamics and develop specialized solutions to meet the specific needs of customers in each region like Europe, Latin America, the Middle East & Africa, etc.
The optical brighteners market has experienced significant growth in recent years due to the increasing demand for brighter and whiter materials across various industries. With a rising emphasis on visual aesthetics, industries such as textiles, paper, and plastics are incorporating optical brighteners to enhance the brightness and whiteness of their products. The manufacturers are focusing on product development, technological advancements, and strategic partnerships to gain a competitive edge in the market. Regional players and emerging companies are also entering the market, intensifying the competition. For example, BASF is increasing production capacity for Tinopal CBS optical brighteners at the company's Monthly site. A double-digit million-euro investment in existing plants will be used to increase capacity stepwise until 2022. The first additional capacities will come on stream in 2021.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Bio-base d Platform Chemicals market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Optical Brighteners market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows: