Optical Brighteners Market Size, Growth, and Key Manufacturers – BASF SE, Huntsman Corporation, Archroma

Report Ocean publishes a new report on the global Optical Brighteners Market. The global Optical Brighteners Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

The global Optical Brighteners Market is forecast to grow at a compound annual growth rate (CAGR) of 9.8% during the forecast period from 2021-2027.

Optical brighteners are chemicals that are added to plastics, papers, detergents, and textiles for improved reflectance of blue light. These brighteners are heat resistant, has chemical stability, low volatility, and high solubility in organic solvents. Rising paper production, growing textile and apparel industry, and increasing demand for biodegradable brighteners are fueling the demand in the market.

According to Statista, the production value of the paper industry in Italy was USD 5025 million in 2020, which is expected to reach 6497 million by 2022. Also, according to India Brand Equity Foundation, the Indian textile and apparel industry reached USD 250 billion in 2019 from USD 150 billion in 2017.

Furthermore, growth in the laundry and cleaning sector and strategic initiatives by market players to cater to the rising demand are expected to create lucrative demand for optical brighteners in the coming years. However, health hazards associated with optical brighteners and limited application may act as a restraining factor for the market in near future.

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The report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Optical Brighteners Market aims to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Optical Brighteners Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Optical Brighteners Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Optical Brighteners Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Optical Brighteners Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Optical Brighteners Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Optical Brighteners Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Optical Brighteners Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Optical Brighteners Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Optical Brighteners Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Optical Brighteners Market are:

BASF SE
Huntsman Corporation
Archroma
Keystone Aniline Corporation
3V Incorporation
Clariant AG
Aron Universal Ltd
Republic Powered Metals (RPM)
Deepak Nitrite Limited
Teh Fong Min International CO.LTD.

Scope of the Report

The global Optical Brighteners Market segmentation focuses on:

By Application:
Paper
Detergents & Soaps
Fabrics
Synthetics & Plastics
Others

By End-use:
Consumer Product
Security & Safety
Textiles & Apparel
Packaging
Others

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This release was published on openPR.