Optical Brighteners market is projected to show growth between 2017 and 2023
The recent report by Knowledge Sourcing Intelligence LLP, “Optical Brighteners Market – Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of chemical, end-user, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the optical brighteners market by chemical (stilbene, coumarin, dicarboxylic acid, others), end-users (textiles & apparel, consumer products, others) and geography (North America, South America, Europe, Middle East and Africa, and Asia Pacific). The demand for optical brighteners has witnessed a significant growth owing to flourishing growth of the textile industry. In addition, the growing laundry and cleaning sector and rising usage in the cosmetic industry are also considered as another key factor responsible for the increasing demand for optical brighteners in the forecast period. Moreover, increasing demand for biodegradable optical brighteners also widens up the growth opportunities for vendors and manufacturers in the coming years.
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Textile and Apparel industry is anticipated to grow at a good CAGR during the forecast period.
Textile and apparel industry is expected to hold a significant share of the optical brighteners market in 2017 owing to booming textile and apparel industry in both developing and developed economies. Optical brighteners are widely used in the detergents and soaps for whitening of clothes and increasing industrialization in the developing countries is driving the optical brighteners market in textile and apparel segment.
The Asia Pacific holds a significant share in the market
Asia Pacific optical brighteners market is estimated to have a significant share in the global market during the forecast period on account of flourishing end-user industries such as detergents, soaps, ceramics, and paper. Rapid urbanization and increasing disposable income incomes widen up the growth opportunities for end-user industries which are further expected to drive the growth of the market during the forecast period. In addition, a rise in foreign direct investments in developing countries like India is also expected to contribute towards the growth of the market in the coming years. Furthermore, application across textile and paper industry contributed the largest share in the region's revenue and is considered as the key factor for the growth of the market in the region during the forecast period.
Some of the major industry players profiled as part of the report are BASF SE, 3V Incorporation, Aron Universal Ltd., Huntsman Corporation and Archroma, among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centring on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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