The Business Research Company’s Optical Brightener Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Optical Brightener Global Market Report 2023 evaluates optical brightener market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global optical brightener market size is expected to grow from $1.09 billion in 2022 to $1.22 billion in 2023 at a compound annual growth rate (CAGR) of 11.12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global optical brightener market is expected to reach $1.71 billion in 2027 at a compound annual growth rate (CAGR) of 8.72%.
Growing manufacturing activities are expected to propel the growth of the optical brighteners market going forward. Manufacturing is a sector of the economy involved in the production of goods for sale. Optical brighteners are used in manufacturing as a raw material for certain industries such as fabrics, synthetics, plastics, detergents, and so on. For instance, according to a report published by the United Nations Industrial Development Organization, a US-based national agency, in March 2022, there was a growth of 7 percent in the third quarter and of nearly 30 percent in the second quarter of 2021 in manufacturing production in developing and emerging industrial economies. Manufacturing production in industrialised European economies rose by 1.8 percent in the last quarter of 2021. Therefore, growing manufacturing activities are driving the growth of the optical brightener market.
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The optical brightener market segments in the report are:
1) By Type: Triazine-Stilbenes, Coumarins, Imidazolines, Diazoles, and Benzoxazolines
2) By Application: Paper, Fabrics, Detergents And Soaps, Synthetics And Plastics, Lacquers, Ultraviolet Tracer, Pigmented Lacquers
3) By End-Use: Consumer Products, Security And Safety, Textiles And Apparel, Packaging
The table of contents in TBRC’s optical brightener market report includes:
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