Global Stilbene Market growing at a CAGR of 5.2% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the stilbene market is predicted to grow at a compound annual growth rate of 5.2% from 2023 to 2031 and is expected to reach USD 1,937.13 million in 2031 and 1,288.88 million in 2023 which was valued at USD 1,231.73 million in 2022.
The report highlights the significant increase in the adoption of stilbene in the pharmaceutical industry, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the stilbene market.
Global Stilbene Market By Overview
The stilbene market is bifurcated into form and application. Based on form, the market is segmented into E-stilbene and Z-stilbene. In 2022, the E-stilbene segment dominated the overall stilbene market. Based on application, the market is categorized into dyes, photoconductor, optical brighteners, photobleachers, antitumor agents, and others. In 2022, the dyes segment accounted for the highest market share in the stilbene market.
Get Free SampleMarket Dynamics
Driver:
- Increasing use of optical brighteners in the textile industry has contributed to the growing demand for stilbene.
- Rise in the adoption of stilbene in the pharmaceutical industry is fostering market growth.
Restraints:
- Stringent government regulations on the manufacturing of stilbene is likely to restrict the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Form | E-stilbene and Z-stilbene |
| By Application | Dyes, Photoconductor, Optical Brighteners, Photobleachers, Antitumor Agents, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Merck KGaA, FUJIFILM Wako Pure Chemical Corporation, Tokyo Chemical Industry Co., Ltd., among others which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the stilbene market is expected to witness substantial growth in the coming years due to the rise in adoption of stilbene for cancer treatment. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Inrad Optics
- Tokyo Chemical Industry Co., Ltd.
- DAYANG CHEM (HANGZHOU) CO., LTD
- Amadis Chemical Company Limited
- Chemwill Asia co., LTD
- Merck KGaA
- FUJIFILM Wako Pure Chemical Corporation
- Rudolf GmbH
- Otto Chemie Pvt. Ltd.
- Anant Pharmaceuticals Pvt. Ltd.
- Biosynth