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Global Stilbene Market growing at a CAGR of 5.2% from 2023 to 2031

Category : Materials And Chemicals | Published Date : Jun 2024

Stilbene Market Definition & Overview :

Stilbene is a hydrocarbon compound with the chemical formula C14H12. It can be found in plants like peanuts, grapes, and berries. It is used in producing pharmaceuticals including diethylstilbestrol (DES) and as a forerunner in producing optical brighteners, phosphors, dyes, and scintillators.

Consegic Business Intelligence analyzes that the Global Stilbene Market was valued at USD 1,231.73 Million in 2022, projected to grow by USD 1,288.88 Million in 2023, and is expected to register a CAGR of 5.2% to reach 1,937.13 Million by 2031.

This report comprises Stilbene Market Size, Share & Industry Analysis, By Form(E-stilbene and Z-stilbene), By Application(Dyes, Photoconductor, Optical Brighteners, Photo Bleachers, Antitumor Agents, and Others), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2031.

Global Stilbene Market
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This report contains detailed information on Stilbene Market Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.

As per the report analysis, the soaring utilization of this hydrocarbon in the textile and pharmaceutical industry is enhancing the stilbene market growth. The drugs derived from the compound can prevent colon cancer among others and also can be used in the treatment of prostate cancer.

Segmental Analysis :

The Stilbene Market is segmented into three major segments: form, application, and region.

Based on form, the market is bifurcated into E-stilbene and Z-stilbene.

  • In 2022, the E-stilbene segment held the highest market share and is also expected to register the fastest CAGR during the forecasted period, as it is more stable.
  • It is used in the production of drugs like diethylstilbestrol (DES) used in the treatment of prostate cancer because of the rise in cancer patients worldwide.

Based on the application, the market is divided into dyes, photoconductors, optical brighteners, photo bleachers, antitumor agents, and others.

  • The dyes segment held the highest market share of 28.13% in 2022, as the compound is widely used to produce several dyes in industries like textiles, plastics, and paper.
  • The antitumor agents segment is anticipated to witness the fastest CAGR during the forecasted period of 2023 to 2031, as this compound is used in chemotherapy, and radiation therapy, and is highly effective against tumors.

By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

  • In 2022, the North American region accounted for the highest market share of 34.25% valued at USD 421.86 Million. Out of which the U.S. held the highest market share of 63.21%. The rise of textile, plastics, and pharmaceutical industries in this region catalyzes the stilbene market demand.
  • The Asia-Pacific is anticipated to grow with the highest CAGR growth of 5.9% from 2023 to 2031 due to a rise in the pharmaceutical industry because of the aging population, and rising chronic diseases.
Report Attributes Report Details
By Form E-stilbene and Z-stilbene
By Application Dyes, Photoconductors, Optical Brighteners, Photo Bleachers, Antitumor Agents, and Others
By Region North America(U.S., Canada, Mexico)
Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe)
APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific)
Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA)
LATAM(Brazil, Argentina, Chile, Rest of LATAM)

Top Key Players & Competitive Landscape :

The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. Additionally, this report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.

List of prominent players in the Stilbene Industry :