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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.
Global Optical Brightening Agents Regional Analysis
Asia Pacific To Witness Moderate Demand Owing To Industrialisation And Robust Manufacturing Capabilities
Asia Pacific is expected to experience robust growth at a CAGR of nearly 5%. Nations such as China and India should drive the market owing to rapid industrialization, growing manufacturing activities, and a rising population with a demand for higher standards of living. Rising demand of optical brightening agents from consumers in India and China for brighter, whiter products is steering increased growth in the textile and paper industries as well. Another factor attributed to the higher demand for optical brightening agents is the increase in production capacities, industrial expansion, and improvement in living standards.
While the Middle East and Africa, and Latin America are anticipated to witness significant growth, markets in Europe and North America should see slow growth. Saturation of the paper industry in Europe and North America has caused paper mill shutdowns over the years, but the soaps and detergent sector should contribute to the overall drive the optical brightening agents market revenue.
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