Stilbene Market Analysis

Stilbene Market Analysis

E-stilbene segment surpassed USD 1400 million in 2020 and should register significant growth in the forecasted period. E-stilbene is also known as trans stilbene which is highly soluble in organic solvents including ether and benzene. E-stilbene is used based on its purity level for different industrial applications for production of scintillators, dye laser and optical brighteners which should stimulate the stilbene market sales.
 

In 2020, the E-stilbene by purity products was estimated to be over USD 1400 million which is likely to grow the stilbene market value. E- stilbene is available in different ranges such as 96%, 98% and 99% which has different applications based on their purity percent. 98% E stilbene is used as raw material mainly for organic synthesis. 96% E stilbene is used for transition metal dihydroxylation and other applications including manufacturing of non-steroidal synthetic estrogen. Availability of stilbene in different purity levels has led to easy use of the product for industrial applications which should raise the stilbene market share from manufacturers.
 

Global Z stilbene market from dye laser applications is expected to surpass USD 220 million by 2026. Z stilbene has increased demand owing to its application for dye manufacturing. The dye lasers use an organic dye for its application as lasing medium in the form of liquid solution. Z stilbene is easily soluble in liquid solvents and therefore used for application of dye laser.
 

The dye lasers have wide application in spectroscopy, medicine and astronomy. Stilbene are used in drug formulations that are used for cancer prevention which is likely to raise the product demand from pharmaceutical industry. Growing technological advancements along with rising demand for the product for pharmaceutical applications should boost the stilbene market growth.
 

E stilbene is widely used for production of azo dyes which has industrial application and should stimulate the product demand. The reaction of aniline and E stilbene produces azo dye which is widely used in textile industry for treating textiles. Moreover, azo dye produced by E stilbene find numerous applications in paints, rubbers and plastics owing its excellent colouring property which may accelerate the E stilbene market trends.
 

North America should register over 7% gains by the end of 2026. The region is witnessing rising number of chemical manufacturers which should raise the demand for stilbene. Furthermore, the establishment of solid chemical industries represents ample growth opportunities in the U.S. region. In 2020, the North American stilbene market share was estimated to be over 40 tons which should lead to business growth in coming years. North America is estimated to be the largest supplier for stilbene after Asia-Pacific which shows opportunity in the region.
 

Growing industries including textile, automotive and healthcare have wide application of stilbene which is likely to accelerate the stilbene market revenue. Stilbene is widely used in production of sensors and light in medical diagnostic machines.  Increasing number of diseases including heart disease, diabetes and other health issues has raised the application of sensor-based medical diagnostic techniques. Moreover, growing textile and automotive industry is expected to boost the polymer industry.