Global Optical Brighteners Market
The global Optical Brighteners market was valued at USD 0.73 billion in 2016 and is projected to reach USD 1.65 billion by 2025, growing at a CAGR of 9.5% from 2017 to 2025.
Optical brighteners are chemical compounds that absorb light in the violet region of the visible spectrum and emit in the blue region. They are majorly used in detergents to obtain shine after washing clothes. The growing demand in other end-use applications is expected to boost market demand over the forecast period.
1. Market Drivers
1.1 Increasing demand for eco-friendly optical brighteners
1.2 Increasing consumption in plastics industry
2. Market Restraints
2.1 High cost of manufacturing
2.2 Pollution concerns owing to formation of by products
The global Optical Brightenersmarketis segmented on the basis ofapplication, end-userand region.
1. By Application:
1.2 Detergents and Soaps
2. By End-User:
2.3 Security & Safety
2.4 Consumer Products
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
4. RPM International
5. Aron Universal Inc.
6. Keystone Aniline Corporation
7. 3V Inc.
9. Brilliant Group Inc.
10. THE Fong Min International Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Optical Brightenersmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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