Global Optical Brighteners Market: Preeminence of Asia-Pacific to Prevail Until 2023

Adoption of optical brighteners has observed a significant rise over the past few years in light of the flourishing textile industry, particularly in developing nations including China, Turkey, Taiwan, and Mexico. Growing demand for a wide range of sunscreen and skin care products has also augured well for expansion of the optical brighteners market.

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On the contrary, the optical brighteners market has been facing the confines of declining growth of the paper industry, which recently held major shares of the market. These insights are obtained from a report, titled “Optical Brighteners Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2023,” recently incorporated in the comprehensive repository of Market Research Reports Search Engine (MRRSE).

Optical Brighteners Market Foreseen to Record a Modest Rise

This analytical research report foresees the optical brighteners market to record a modest 4.23 % CAGR between the period of forecast 2017 and 2023. Revenues from the optical brighteners market were estimated at US$ 1,340 Mn approximately, and are envisaged to surpass US$ 1,700 Mn by 2023-end. Volume sales of optical brighteners are also projected to remain modest over the forecast period.

Asia-Pacific has been deemed to be the largest market for optical brighteners, estimated to account for over two-third share of the market in terms of revenues during the forecast period. Abundant availability of raw materials, coupled with flourishing end-use industries including ceramics, plastics, paper, and detergent, are key factors driving growth of the optical brighteners market in Asia-Pacific.

Europe and North America will also prevail as lucrative markets for optical brighteners. Key players profiled by the report, who are actively contributing to growth of the optical brighteners market, include Eastman Chemical Company, Huntsman Corporation, Akzo Nobel N.V., and BASF SE.

Optical Brighteners Market: Overview

Optical brightening agents or optical brighteners are referred to chemical compounds used for enhancing appearance of paper or fabric color, while decreasing natural yellowing of products and improving their aesthetics. A comprehensive analysis has been offered on imperative dynamics, including, drivers, restraints, opportunities and trends, influencing expansion of the optical brighteners market in this report.

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The report exerts intricate assessment, along with accurate forecast, on the optical brighteners market for the period between 2017 and 2023. An exhaustive coverage on lucrative regions for the optical brighteners market has been engulfed by the report. This report is an authentic intelligence source regarding data on recent dynamics, ongoing industry trends, technological developments & advancements, and product innovations observed in the optical brighteners market.

Optical Brighteners Market: Research Methodology

A robust research approach has been adhered by the analysts for contemplating key industry dynamics, which in turn has enabled offering a precise and an authentic market intelligence. Intrinsic amalgamation of primary as well as secondary research has been used by the analysts for reaching at the estimates and forecast on the optical brighteners market.

All the market estimations and forecast delivered have been verified via an exhaustive primary research, which involves comprehensive interviews with prominent market participants and leading industry experts. These brief primary interviews aid validation of the information procured, which in turn facilitates evaluation of the industry estimations, and insights.

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This release was published on openPR.