WASHINGTON, Feb. 04, 2022 (GLOBE NEWSWIRE) -- The Global Optical Brighteners Market size is expected to reach over USD 2.0 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.
Market Synopsis
Increasing demand for paper items with an admirable aesthetic appeal is likely to be the major factor fuelling the industry during the forecast period. Presently, optical brighteners are the most widely used chemicals in the soaps and detergents sector. Optical brightener’s consumption in laundry detergents allows the clothes to appear cleaner and brighter. The aforementioned determinants are likely to drive the demand for optical Fibres during the coming years, states Vantage Market Research, in a report, titled “Optical Brighteners Market by Application (Paper, Detergents & Soaps, Fabrics, Synthetics & Plastics ), by End-Use (Consumer Product, Security & Safety, Textiles & Apparel, Packaging), by Region (North America, Asia Pacific, Europe, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
List of Prominent Players in the Optical Brighteners Market:
- BASF SE
- Day-Glo Color Corp.
- Clariant AG
- Huntsman International LLC
- Eastman Chemical Company
- Archroma Management LLC
- Milliken & Company
- Blankophor GmbH & Co. KG
- MPI Chemie B.V.
- Rudolf GmbH
Market Dynamics:
Driver: Rising Application in the Laundry and Cleaning Sector
Development in the cleaning and laundry sector is another major factor responsible for expanded optical brighteners demand, as they have better cleaning aspects and can be utilized as fabric softeners. Optical brighteners are also used as bleaching additives in the paper and pulp sector and in the cosmetics sector. Increasing consumption of the item in coated, and uncoated, paper items will also act as a substantial role in fuelling its demand.
Driver: Development in Sectors Such as Paper, Chemical, and Textile
Growth in sectors such as paper, textile, and chemical are responsible for the huge demand of the product and this shift is likely to continue during the coming years. Upcoming projects for development in various nations including France, China, Germany, and India in the chemical sector are also facilitating the market development. Reducing oil prices have led into fluctuations in the volatility in the market and prices of raw material. Users and Resellers of optical brighteners seen declining margins due to this trend.
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Regional Trends
Europe is expected to witness an upward growth for Optical Brighteners market during the forecasted period and is projected to expand further due to rising demand of the product from the detergents and soaps industry in the region. Additionally, China is a key nation for the market for optical brighteners. It is the chief manufacturing hub for products particularly finished such as cosmetics, plastics, and laundry care items where optical brighteners are used prominently.
Key Findings
- Paper application to hold a significant share: Owing to growing demand from China, Indonesia, India, and Thailand. However, paper sector in Europe and North America has become drenched and has resulted into paper mills shutdowns during the past few years. Furthermore, Fabrics application is also likely to witness growth over the coming years due to demand for durable and bright fabrics.
- Consumer products to hold a significant share: Governments of developing economies such as India and China are supporting local institutions and manufacturers for Research & Development of products which are based on optical brighteners to rise their volumes of production. Safety and security also seen a substantial consumer demand in the past few years due to a broad range of applications such as labels on the products and fluorescence on bank notes. Various superior features of optical brighteners, like, high transparency and blue light emissions, have resulted in huge demand of the product in this segment.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Optical Brighteners Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The report on Optical Brighteners Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Browse market data Tables and Figures spread through 155 Pages and in-depth TOC on "Optical Brighteners Market by Application (Paper, Detergents & Soaps, Fabrics, Synthetics & Plastics ), by End-Use (Consumer Product, Security & Safety, Textiles & Apparel, Packaging), by Region (North America, Asia Pacific, Europe, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/optical-brighteners-market-947045
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Optical Brighteners Market?
- How will the Optical Brighteners Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Optical Brighteners Market?
- What is the Optical Brighteners market drivers and restrictions?
- What will be the CAGR and size of the Optical Brighteners Market throughout the forecast period?
This market titled “Optical Brighteners Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 1.0 Billion |
| Projected Market Size in 2028 | USD 2.0 Billion |
| CAGR Growth Rate | CAGR of 7.5% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 – 2020 |
| Forecast Years | 2022 – 2028 |
| Segments Covered | Application: - Paper, Detergents & Soaps, Fabrics, Synthetics & Plastics, Others End-Use: - Consumer Product, Security & Safety, Textiles & Apparel, Packaging, Others |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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