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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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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, 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:
On the basis of application, the market is divided into:
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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.
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:
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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application|
|Breakup by Type||DASCC, DABP, Others|
|Breakup by Application||Paper, Detergents, Textiles, Others|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||BASF SA, Deepak Nitrite Ltd, Paramount Minerals and Chemicals Limited, Daikaffil Chemicals India Limited, Colourex, Sarex Chemicals, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Opportunities and Challenges in the Market
8 Global Optical Brightening Agents Market Overview
8.1 Key Industry Highlights
8.2 Global Optical Brightening Agents Historical Market (2018-2022)
8.3 Global Optical Brightening Agents Market Forecast (2023-2028)
8.4 Global Optical Brightening Agents Market by Region
8.4.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Indian Optical Brightening Agents Market Analysis
9.1 Key Industry Highlights
9.2 Indian Optical Brightening Agents Historical Market (2018-2022)
9.3 Indian Optical Brightening Agents Market Forecast (2023-2028)
9.4 Indian Optical Brightening Agents Market by Type
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
9.5 Indian Optical Brightening Agents Market by Application
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2018-2022)
188.8.131.52 Forecast Trend (2023-2028)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2018-2022)
18.104.22.168 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 320420)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
14 Cost Analysis
14.1 Raw Material
14.3 Other Cost
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SA
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.2 Deepak Nitrite Ltd
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
15.2.3 Paramount Minerals and Chemicals Limited
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.4 Daikaffil Chemicals India Limited
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.6 Sarex Chemicals
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Optical Brightening Agents Market: Key Industry Highlights, 2018 and 2028
2. Indian Optical Brightening Agents Market: Key Industry Highlights, 2018 and 2028
3. Indian Optical Brightening Agents Historical Market: Breakup by Type (USD Million), 2018-2022
4. Indian Optical Brightening Agents Market Forecast: Breakup by Type (USD Million), 2023-2028
5. Indian Optical Brightening Agents Historical Market: Breakup by Application (USD Million), 2018-2022
6. Indian Optical Brightening Agents Market Forecast: Breakup by Application (USD Million), 2023-2028
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Indian Optical Brightening Agents Market Structure
The Indian optical brightening agents market is supported by the Asia Pacific optical brightening agents industry, which attained a value of nearly USD 652.5 million in 2020.
The market, supported by the Asia Pacific optical brightening agents industry, is projected to grow at a CAGR of 5.7 % between 2021 and 2026.
The Asia Pacific optical brightening agents market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 910 million by 2026.
The major drivers of the industry, such as rising disposable incomes, enhanced customer experience, rising demand from the end user industries, and extensive applications, are expected to aid the market growth.
The key market trend guiding the growth of the industry includes government initiatives such as “Make in India”.
The market is segmented, in terms of type, into DASCC and DABP, among others.
Paper industry is the dominant type of application sector in the industry.
The major players in the industry are BASF SA, Deepak Nitrite Ltd, Paramount Minerals and Chemicals Limited, Daikaffil Chemicals India Limited, Colourex, Sarex Chemicals, among others.
The Indian optical brightening agents market is supported by the growth of Asia Pacific optical brightening agents industry, which attained a value of USD 652.5 million in 2020, driven by the rising demand from the end user industries. Aided by the government initiatives such as “Make in India, the Asia Pacific optical brightening agents market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.7%. The market is projected to reach USD 910 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the optical brightening agents industry can be segmented into DASCC, DABP, among others. On the basis of application, the paper sector accounts for the leading share in the industry. The key players in the above market include BASF SA, Deepak Nitrite Ltd, Paramount Minerals and Chemicals Limited, Daikaffil Chemicals India Limited, Colourex, Sarex Chemicals, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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