Optical Brighteners Market Projected to Hit USD 2.0 Billion by 2028 growing at 7.5% CAGR - Report by Vantage Market Research

WASHINGTON, Oct. 05, 2022 (GLOBE NEWSWIRE) -- A Comparative research study carry out by Vantage Market Research is database of 120 pages, titled as “Optical Brighteners Market” with graphs & figures spread through pages, 108+ market data Tables, Pie Charts, and simple to understand comprehensive analysis. Optical Brighteners Market research report is delivered with commitment depending upon the reader needs. With the defined historic year and the base year, assessments and calculations are performed in this market report. Market size and share analysis and key trend analysis are the prime accomplishing factors in this market research report. Such report helps to recognize how the market is going to perform over the forecast period by giving information about market definition, applications, segmentation and engagements. VMR team provides Optical Brighteners industry document with loyalty and devotion that is promising and the way in which expected.

Vantage Market Research analyses that the Optical Brighteners Market revenue was valued at USD 1.0 Billion in 2021, would soar up to USD 2.0 Billion by 2028, is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period 2022 to 2028.

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List of Prominent Players in the Optical Brighteners Market:

  • 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

Key Industry Findings & Insights from the report:

  • The Global Optical Brighteners Market was valued USD 1.0 Billion in 2021 and is all set to surpass USD 2.0 Billion by 2028, exhibiting a CAGR of 7.5% during the forecast period 2022-2028.           
  • In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
  • In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
  • The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
  • Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Optical Brighteners industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.

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.

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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.

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. 

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:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  3. Key Strategies Undertaken by Companies to Tackle COVID-19
  4. Long Term Dynamics
  5. Short Term Dynamics

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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 120 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)".

Key Questions Answered in The Report:

  • Which region will show the fastest and highest growth in the near future?
  • Which are the top five players and their weakness and strength of the Market?
  • What will be the future innovation in the upcoming six years?
  • Which application and product will lead the largest share of the Market?
  • What are the growth drivers, restraints and challenges of the industry?
  • What will be the CAGR and size of the Optical Brighteners Market for the base year and 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 AttributeDetails
Market Size in 2021USD 1.0 Billion
Projected Market Size in 2028USD 2.0 Billion
CAGR Growth RateCAGR of 7.5% From 2022 - 2028
Base Year2021
Historic Years2016 – 2020
Forecast Years2022 – 2028
Segments CoveredApplication: - Paper, Detergents & Soaps, Fabrics, Synthetics & Plastics, Others

End-Use: - Consumer Product, Security & Safety, Textiles & Apparel, Packaging, Others
Quantitative Data - UnitsRevenue in USD Million/Billion and CAGR from 2022 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India,
Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa,
among others
Report CoverageMarket 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.

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

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