GLOBAL OPTICAL BRIGHTENERS MARKET TO REACH US$ 2.0 BN BY 2026

In terms of revenue, the global optical brighteners market is projected to expand at a CAGR of 4.9% from 2018 to 2026, according to a new research report titled ‘Optical Brighteners Market – Global Industry Analysis, Value, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR) In terms of value, the global optical brighteners market is expected to reach US$ 2,036 Mn by 2026. The market is driven by the rise in demand for optical brighteners in detergent products. The optical brighteners market in Asia Pacific is estimated to expand at a CAGR of 5.4% during the forecast period, owing to the rapid increase in demand for optical brighteners in the cleaning sector in the region. Based on chemical, the stilbene segment held major share of the global optical brighteners market in 2017. However, the diphenyl pyrazoline segment is anticipated to expand significantly from 2018 to 2026.

1global optical brighteners market

Rise in Demand for Detergents Likely to Boost Market

Based on chemical, the stilbene segment accounted for major share of the global optical brighteners market in terms of value and volume in 2017. Stilbene provides excellent whitening properties in several applications. Optical brighteners absorb lights. This enhances the cloth appearance. The stilbene compound can be combined with other fluorescence agents for improving attractive appeal in the commercial applications. This is projected to boost the optical brighteners market during the forecast period. Stilbene is widely used to manufacture detergents and cleaning powders. Most detergent manufacturers use optical brighteners to enhance product quality and cleaning efficiency. This is projected to propel the demand for optical brighteners.

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High Cost of Investment and Toxic Characteristics to Restrain Market

Optical brighteners are chemical compounds obtained from long chemical reactions. The manufacturing process of optical brighteners is carried using specialized technology and machinery. This increase overall investment cost. Pure chemical nature provides high toxicity in case of direct human contact. These factors are anticipated to hamper the market in the near future.

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Cosmetics Industry offers Lucrative Opportunities

Optical brighteners are employed widely in the cosmetics industry due to their excellent whitening properties. Brightening agents are used to reduce dark skin shades and circles in various cosmetic products. Whitening agents play an important role in cosmetic products. Stilbene and diphenyl pyrazoline are primarily used by cosmetic companies to improve product quality. This is projected to fuel the optical brighteners market in the near future. Optical brighteners are widely used for the whitening of pulp and paper products. They enhance their attractiveness by adding fluorescent agents to paper pulp. Rise in demand for paper products across the globe is anticipated to drive the optical brightening market during the forecast period.

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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