Indian Optical Brightening Agents Market Report and Forecast 2024-2032

Indian Optical Brightening Agents Market Outlook

The Indian optical brightening agents market is a significant contributor to the Asia Pacific optical brightening agents industry, which reached a value of almost USD 652.5 million in the year 2020. The Asia Pacific optical brightening agents industry is further expected to grow at a CAGR of 5.7% between 2021 and 2026 to reach a value of almost USD 910 million by 2026.

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Government Initiatives in the Countries of Asia Pacific Region Boosting the Optical Brightening Agents Industry in India

The global optical brightening market is supported by the high growth rate of the product in the Asia Pacific region, especially developing countries, such as China and India. India is the major market for the optical brightening market, aided by the government’s investment promotion initiatives, soaps and detergents manufacturing and developing companies, further enhancing the optical brightening agents market. The Indian optical brightening agents industry is influenced by the higher standard of living, a rising population, along with the growing manufacturing activities. Also, the region is the major producer of the optical brightening agents feedstock.

Optical Brightening Agents: Market Segmentation

Optical brightening agents, variously known as fluorescent brightening agents, are chemicals used in the production of plastics, fibres, inks, coatings, and detergents. They consume light in the electromagnetic spectrum’s ultraviolet and violet region and radiate light in the blue region. The chemical optical brightening agents (based on cinnamic acid, coumarin, stilbene, dicarboxylic acid, diphenyl pyrazoline, etc.) have observed greater acceptance in the emerging nations. The brightening agents are included in detergents to give clothes a cleaner and enhanced appearance.

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The Indian optical brightening agents industry is divided on the basis of type into:

• DASCC
• DABP
• Others

On the basis of application, the market is divided into:

• Paper
• Detergents
• Textiles
• Others

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Rising Demand for Higher Standards Of Living Aiding the Optical Brightening Agents Industry in India

The Indian optical brightening agents industry is driven by the rapid industrialization, growing manufacturing activities, and rising population within the country. The rising demand for higher standards of living in the country is enhancing the growth of the optical brightening agents market. The country is observing a high domestic market with the extension of the middle class population as the demand for clothes and other products increase, further aiding the market for optical brightening agents. Initiatives such as “Make in India” and sector-specific incentives to several manufacturing companies are transforming India into a global manufacturing hub; the growing manufacturing activities are further aiding the market growth of the market. The optical brighteners are extremely water-soluble in nature owing to low volatility and brilliant chemical stability. In addition, due to the properties such as high compatibility with other pigments and dyes, the brighteners are extensively used in the plastics and cosmetic industries, resulting in the growth of Indian optical brightening agents industry.

The rapid growth in textiles and cosmetics sector in India has driven the demand for optical brightening agents, and is expected to drive the market in the forecast period as well. Within the cosmetics industry, many modern eyes and face powder products include microspheres of optical brightener, enabling it to brighten dark regions of the skin. The increase in the demand for paper having superior aesthetic charm is further expected to drive the market in the coming years. The detergent industry is expected to be a great consumer of optical brightening agents. Cosmetics, paper, plastics, and textiles would also be major consumers of the product. Although the market is facing minor hindrances in the form of high production costs, environmental concerns and regulatory standards, and rising demand for alternatives such as non-stilbene brighteners, the rising demand from the end-user industries is anticipated to boost the market growth of optical brightening agents.

Competitive Landscape

The report gives a detailed analysis of the following key players in the Indian optical brightening agents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• BASF SA 
• Deepak Nitrite Ltd
• Paramount Minerals and Chemicals Limited
• Daikaffil Chemicals India Limited
• Colourex
• Sarex Chemicals
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report