The global fluorescent brightening agents market is worth US$ 0.5 Billion as of now and expected to witness a CAGR of 9.5% between 2023 and 2033.
The personal care and cosmetics verticals are influenced by rise in production of premium beauty and luxury products, lifestyle trends, and an excessive demand for color cosmetics.
The cleaning vertical is another end-user to fluorescent brightening agents. They are used in bleaches, laundry detergents, soaps, and likewise owing to high molecular weight polyethylene glycol being present herein. The cleaning industry is unimaginable without fluorescent brightening agents market and the scenario would remain unchanged even going forward.
At the same time, the fact that there are non-biodegradability and toxicity linked with fluorescent brightening agents can’t be ignored. They bring with them skin irritation and ocular problems and respiratory allergic reactions. The governments across the globe are imposing restrictions regarding production of fluorescent brightening agents. Non-uniformity on this count is expected to restrain the fluorescent brightening agents market in the near future.
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Fluorescent brightening agents are generally stilbene-based chemicals. They actually make the clothes appear all the more vibrant as well as radiant; thereby resulting in brightening effect.
Future Market Insights has etched these facts with future prospects in its latest market study entitled ‘Fluorescent Brightening Agents Market’. It has its indigenous team of analysts and consultants to deploy a 360-degree approach across macros and micros.
“With fluorescent brightening agents making way to personal care and cosmetics sector, the global fluorescent brightening agents market is meant to soar in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Fluorescent Brightening Agents Market
- North America holds the largest market share due to the US witnessing remarkable technological advancements with respect to fluorescent brightening agents.
- Europe holds the second-largest market share with the UK, Spain, France, Italy taking the lead.
- The Asia-Pacific is expected to grow at the fastest rate in fluorescent brightening agents market with growing textile vertical. India, China, and Australia are leading from the front. China is witnessing notable technological advancements in this region.
Competitive Agents
- BASF, in July 2019, did increase capacity of ‘Tinopal CBS (an optical brightening/fluorescent whitening agent)’ for fulfilling growing demand for sustainable white laundry applications.
- Archroma, in December 2019, did announce acquiring BASF’s stilbenes-based optical brightening agents for applications in paper and detergent sector.
- Dorf Ketal, in April 2022, did agree upon acquisition of Khayati Chemicals for boosting its business of performance chemicals.
Fluorescent brightening agents Market: Key Participants
- BASF SE
- Huntsman International LLC
- 3V Incorporation
- Teh Fong Min International Co., Ltd.
- Deepak Nitrite Limited
- Evonik Industries AG
- Tsaker Chemical Group Ltd
- Archroma
- Clariant
- Mayzo, Inc.
- Delta Hydrocarbon
- Kyung-In Synthetic Corporation
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What does the Report state?
- The research study is based on chemical (cinnamic acid, coumarin, dicarboxylic acid, stilbene, diphenylpyrazoline, and likewise), and application (paper, ceramics, textile, cosmetics, soaps & detergents, plastics, security, and likewise).
- With fluorescent brightening agents increasingly being used for making plastics, detergents, ink, coatings, and fibers and also to induce prominence to color on dyes, the global fluorescent brightening agents market is expected to go great guns in the forecast period.
Fluorescent brightening agents Market: Segmentation
Chemicals:
- Cinnamic acid
- Coumarin
- Dicarboxylic acid
- Stilbene
- Diphenylpyrazoline
- Others
Application:
- Paper
- Ceramics
- Textile
- Cosmetics
- Soaps & Detergents
- Plastics
- Security
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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