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LONDON, GREATER LONDON, UNITED KINGDOM, October 4, 2024 /EINPresswire.com/ -- The optical brightener market has experienced robust growth in recent years, expanding from $1.19 billion in 2023 to $1.31 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growing textile industry, expansion in paper and packaging, advancements in formulations, consumer preference for bright colors, globalization of markets, innovations in specialty products.
What Is The Estimated Market Size Of The Global Optical Brightener Market And Its Annual Growth Rate?
The optical brightener market is projected to continue its strong growth, reaching $1.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing use in plastics and polymers, stringent environmental regulations, rising disposable income, increasing applications in automotive industry, customization for unique applications.
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Growth Driver Of The Optical Brightener Market
The rise of cosmetics industry is expected to propel the growth of optical brightener market going forward. Consumers seek cosmetics that provide a flawless complexion, reduce the signs of aging, and create a youthful and radiant look. Optical brighteners are crucial ingredients in achieving these effects. As the cosmetics industry expands to meet these demands, the use of optical brighteners in products like foundations, concealers, hair care, and anti-aging formulations is on the rise. Regulatory support for the safe use of optical brighteners in cosmetics, coupled with the need for product differentiation in a competitive market, further drive their incorporation in cosmetic formulations.
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Which Market Players Are Steering The Optical Brightener Market Growth?
Key players in the market include BASF Colors & Effects GmbH, Huntsman International LLC, Eastman Chemical Company, Archroma, Clariant AG, RPM International Corp., Keystone Aniline Corporation, Aron Universal Ltd., Brilliant Colors Inc., 3V Company Inc., The Fong Min International Company Limited, Kolorjet Chemicals Pvt. Ltd., Dayglo Color Corp., BoldChem Technology Co. Ltd., Beijing Odyssey Chemicals Co. Ltd., Hebei Xingyu Chemical Co. Ltd., Nantong Huanuo Pigment Co. Ltd., Shandong Joy-ring Chemical Co. Ltd., Shanxi Colorshine Chemical Industry Co. Ltd., Dystar Singapore Pte Ltd., Everlight Chemical Industrial Corporation, Lanxess AG, Ciba Specialty Chemicals, Bayer AG, Dow Chemical Company, Evonik Industries, Solvay SA, Shandong Lukang Pharmaceutical Co. Ltd., Shandong Yisheng Chemical Co. Ltd., Zhejiang Wanjie Co. Ltd.
What Are The Key Trends That Influence Optical Brightener Market Size?
Major companies operating in the optical brighteners market are developing new spectrodensitometers to gain a competitive edge in the market. Spectrodensitometers are instruments that measure both color density and spectral characteristics, crucial in the accurate reproduction of colors in printing and imaging processes.
How Is The Global Optical Brightener Market Segmented?
1) By Type: Triazine-Stilbenes, Coumarins, Imidazolines, Diazoles, Benzoxazolines
2) By Application: Paper, Fabrics, Detergents And Soaps, Synthetics And Plastics, Lacquers, Ultraviolet Tracer, Pigmented Lacquers
3) By End-Use: Consumer Product, Security And Safety, Textiles And Apparel, Packaging
Geographical Insights: Asia-Pacific Leading The Optical Brightener Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Optical Brightener Market Definition
Optical brightener refers to added synthetic additives to the liquid and detergent powder and pigments. Optical brighteners transform ultraviolet (UV) light waves into stronger blue light and less yellow light, making objects look whiter. The optical brightener is used to make clothing and other surfaces appear whiter, cleaner, and brighter.
Optical Brightener Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global optical brightener market report covering trends, opportunities, strategies, and more
The Optical Brightener Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on optical brightener market size, optical brightener market drivers and trends and optical brightener market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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