Stilbene Market Size

Stilbene Market Size

Global Stilbene market size exceeded USD 1,835 million in 2019 and is estimated to grow at a CAGR of 7.5% between 2020 and 2026 owing to rising demand for the product from the paint industry as it is used in dye production. Stilbenes are used for manufacturing optical brighteners, industrial dyes and phosphor. Stilbenes exist in two forms which are cis-stilbene and trans-stilbene amongst which trans-stilbene is more stable. Increasing consumption of trans-stilbene in manufacturing scintillators and phosphorous is likely to further escalate market growth.

Stilbene derivatives are low molecular weight compounds used as good and effective brightening agents owing to their good chemical and thermal resistance which offers a long fluorescence effect. The product is widely used for synthesis of textile and paper and for production of scintillator in combination with polymers.

To get key market trends

  Download Free Sample

The demand for dye laser for dermatology application is likely to boost the product demand. Consumer inclination towards external beauty along with rising expenditure on health should boost the stilbene market growth. Rising consumer awareness about the benefits and process of non-invasive beauty treatments is likely to raise the stilbene product demand. Moreover, high investments in R&D for development of smart laser technologies should stimulate the market demand.

Growing demand for LED lighting technology should lead to growth of Stilbene market. The high efficiency and low operational cost of LED lights have raised the demand for phosphor based fluorescent lighting use. Industries including automobile and electronics have high demand for phosphor-based LED lights. Furthermore, pertaining to environmental protection by reducing carbon footprint has raised the demand for LED lights.