Global Optical Brighteners Market Industry Size, Share, Analysis, Trend & Future Planning 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Global Optical Brighteners Market Forecast to 2022” underIndustry &Mfg. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.
Global Market for Optical Brighteners should reach $1.7 billion in 2017 and$2.1 billion by 2022, at a compound annual growth rate (CAGR) of4.3% for the period of 2017-2022.
Report Includes
-91 data tables
-An overview of the global markets for optical brighteners or OBA (optical brightening agents)
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
-Examination of the market dynamics and industry structure, specifically market drivers and key issues in the global optical brighteners market
-Segmentation of the market by application, chemicals, and region
-Delineation of current and emerging applications of optical brighteners identified as textile, detergents and soaps, paper, and cosmetics
-Competitive analysis, including optimal growth strategies and industry matrices
-Profiles of major players in the industry
Study Goals and Objectives
This report is an impact analysis of the global optical brighteners market. The information in this report includes current trends both driving and restraining the growth of the market, as well as factors affecting the future of the industry. The goals and objectives of this report include the following:
-To define, identify and analyze major market segments and their respective structures in the overall optical brighteners market.
-To identify key market dynamics, trends, opportunities and factors influencing the global optical brighteners market and its subsegments.
-To forecast and analyze the size of the overall optical brighteners market based on chemicals, application and region.
-To identify major stakeholders and analyze the competitive landscape based on recent developments.
-To identify the trends, gaps and opportunities in each of the micro markets.
-To understand the effect of environmental concerns on this market.
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Reasons for Doing This Study
Optical brightening agents (OBAs), also called fluorescent whitening agents, are used to make plastics, fibers, coatings, inks and detergents appear brighter, whiter and cleaner. These products function by absorbing invisible ultraviolet light and re-emitting it as a visible blue wavelength. OBAs are specifically useful in disguising the yellowish cast often detected in these types of products after high-temperature treatments. In terms of revenue, the global OBA market was valued at $1.7 billion with a CAGR of 4.3% during the forecast period. By 2022, the end of the forecast period, it is expected to reach $2.1 billion. Market growth is expected to be significant in several regions including Asia-Pacific, Middle East & Africa (MEA) and Latin America. Growth, however, is expected to slow in North America and Europe due to market saturation, with the greatest number of OBA patents indicating the maturity of products in these regions. In addition, price volatility of raw material is another reason for curbing the market of optical brighteners. While Latin America and the Middle East should prove to be emerging markets, the Asia-Pacific region is expected to experience the strongest growth. India and China, in particular, with their high degree of industrialization, ramped up manufacturing activities, burgeoning populations and growing demand for better lifestyles, are both expected to undergo major market expansion. In another example of the strength of this region, Japan holds the largest number of OBA patents which will help its chemical manufacturers expand their businesses.
Scope of Report
This report represents an in-depth analysis of the global optical brighteners market by chemicals, application and region using different commercially available optical brighteners to derive specific market estimates. The report also details a comparative study between conventional and emerging technologies and the importance of technical advances to this market as well as strategies adopted by major global players. Patent analyses provide snapshots of technological trends in the global market both geographically and over time, primarily for the U.S., Europe and Japan. The global optical brighteners market is segmented based on chemicals, application and region.
Estimated values are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars unadjusted for inflation.
Research Methodology
For the research report, we have done rigorous primary as well as secondary research in order to accurately track the market. Key data, such as top-down and bottom-up models, were developed to estimate volume as well as value wise market trends. Key players have been identified through a review of secondary sources such as industry white papers, annual reports, published reports by credible agencies, financial reports and published interviews with Key Opinion Leaders (KOLs) from leading companies. During primary interviews, KOLs also suggested other optical brightener producers that were not included under the initial scope of the study and we have added them to the company profiles section. In general, KOLs include CEOs, general managers, vice presidents, sales directors, market executives, R&D directors, product managers, procurement managers, export managers, etc. During the research process, all major stakeholders across the market's value chain were contacted for primary interviews.
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