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Report Overview
The global optical brightening agents market will likely experience a CAGR of about 5.40% during the period 2024-2032. A rise in demand for paper with greater aesthetic charm is anticipated to further drive the market in the years to come.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2024, BASF received ISCC+ certification at all major production sites worldwide for Acrylics, Alcohols, Glycol Ethers, and Acetates—thereby making an extremely important contribution to supporting customers in achieving their targets and ambitions.
- In 2021, Clariant AG announced that it had signed definitive agreements for the acquisition of BASF's U.S. Attapulgite business assets for USD 60 million.
- In Q2 2024, Huntsman Corporation reported revenues of $1.6 billion, consistent with the same period last year, reflecting stable financial performance.
Optical Brightening Agents Market Competitive Landscape
Key players are focussing on innovations in eco-friendly agents and advanced manufacturing techniques to further boost market dynamics. This also promises significant opportunities through 2032.
Huntsman Corporation, located in The Woodlands, Texas, USA, and founded in 1970, produces its optical brightening agents under the brand Huntsman OBAs. These are UV-absorbing, blue-emitting products that enhance the brightness and whiteness value of detergents, textile, and paper to bring their aesthetic appeal to the fore.
BASF SE, headquartered in Ludwigshafen am Rhein, Germany, is an 1865 incorporation whose major offerings are optical brightening agents, like Tinopal and Lumalite, for numerous applications such as laundry detergents, paper, and textiles, to make them look whiter and brighter. BASF has focused on high-performance, eco-friendly formulae with reflecting blue light, to give products a cleaner and more radiant appearance.
Clariant International Ltd., headquartered in Muttenz, Switzerland, was established in 1995. Under the brand name Hostalux, it manufactures a full range of optical brightening agents, which are used to enhance brightness and whiteness in detergents, textiles, and paper. These agents of Clariant absorb UV light and then re-emit it as visible blue light, which enhances the appearance of cleaned fabrics and surfaces.
Other market players include Evonik Industries AG and Tsaker Chemical Group Ltd., among others.
Optical Brightening Agents Market Report Snapshots
Optical Brightening Agents Market Size
Optical Brightening Agents Market Growth
Optical Brightening Agents Market Trends
Optical Brightening Agents Market Share
Optical Brightening Agents Market Regional Analysis
Optical Brightening Agents Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global optical brightening agents market is likely to expand at a CAGR of 5.40% during the forecast period of 2024-2032.
The major drivers of the industry include the rapid growth of textiles and cosmetics industries, growing recycled fibre industry, and the introduction of new optical brightening agents with better compatibility with recycled fibres.
The rising demand for paper with greater aesthetic charm is expected to drive the global optical brightening agents market further in the coming years.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading types of optical brightening agents in the industry are DASCC and DSBP.
The major application segments in the industry are paper, detergents, and textiles, among others.
The key players in the industry are Huntsman Corporation, BASF SE, Clariant, Evonik Industries AG, and Tsaker Chemical Group Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124