The new report by Expert Market Research titled, ‘Indian Optical Brightening Agents Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the Indian optical brightening agents market, assessing the market based on its segments like types and applications. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 652.5 million (Asia Pacific Optical Brightening Agents Industry)
• Forecast CAGR (2021-2026): 5.7% (Asia Pacific Optical Brightening Agents Industry)
The high rate of market expansion in the Asia-Pacific region, particularly in developing countries like China and India, is supporting the global demand for optical brightening. India is the world’s largest optical brightening agents market, due to the government investment promotion programmes, manufacturing, and rising soap and detergent enterprises. Optical brightening agents are likely to grow even more as a result of this. The higher standard of living, increased population, and expanding research and development activities all influence the demand for optical brightening agents in India. The region is also a major producer of optical brightening agent feedstock. The country is seeing a strong domestic market as the middle class population grows and demand for clothing and other goods rises, boosting the market for optical brightening agents.
Industry Definition and Major Segments
Optical brightening agents, sometimes known as fluorescent brightening agents, are chemicals used in the production of plastics, textiles, inks, coatings, and detergents. They absorb energy in the ultraviolet and violet wavelengths of the electromagnetic spectrum and emit light in the blue. Brightening agents are also used in detergents to make clothes look cleaner and better.
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The market is divided on the basis of type into:
On the basis of application, the market is divided into:
Rapid industrialisation, burgeoning manufacturing operations, and the country’s growing population are driving demand for optical brightening agents in India. The rapid rise of India’s textile and cosmetics industries has fuelled demand for optical brightening agents, which is likely to continue to grow during the forecast period. The detergent sector, on the other hand, is the primary consumer of neon brighteners. Growing end-use industries, such as cosmetics, paper, plastics, and textiles, are also important drivers of this industry. Due to their low volatility and excellent chemical stability, optical brighteners are particularly water soluble in nature. Furthermore, the brighteners are widely employed in the plastics and cosmetics sectors due to qualities such as good compatibility with other pigments and dyes, leading in the rise of the Indian optical brightening agents market.
Key Market Players
The major players in the market are BASF SA, Deepak Nitrite Ltd, Paramount Minerals and Chemicals Limited, Daikaffil Chemicals India Limited, Colourex, and Sarex Chemicals, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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