Home > Pressrelease > Global Stilbene Market size worth above USD 3.0 billion by 2026

Global Stilbene Market size worth above USD 3.0 billion by 2026

  • Published Date: March 1, 2021

According to a new research report by Global Market Insights Inc., the Stilbene Market size is set to surpass USD 3.0 billion by 2026 owing to rising demand for E stilbene from various industrial applications.

Stilbene is an organic substance available in two stereoisomers of 1,2-diphenylethene which are Z stilbene and E stilbene. The product is found in wide range of natural sources and finds extensive uses in different industrial applications. E Stilbene is off white in color in the form of crystals and shows blue fluorescence.

High solubility of E stilbene in variety of organic solvents such as ether and benzene are likely to provide promising opportunities for its use in different end use applications including pharmaceuticals and chemical industry. Z benzene appears as oily yellow liquid and is unstable as compared to E stilbene. Increasing usage of Z stilbene in dye laser application owing to its high solubility in ethanol should foster the stilbene market growth in forecasted time period.

Growing chemical industries has raised the demand for Cis-Stilbene which should augment the business growth

Global cis-stilbene was valued at around 60 kilo tons in 2020, which is likely to show significant gains by 2026. Z stilbene is also known as cis stilbene which is an organic compound and is widely used in production of phosphor and scintillators. Increasing usage of phosphor in production for cis stilbene in the years to come.

Z stilbene is available in different grades such as 95%, 96% and 97% which are differentiated on purity basis. Cis stilbene with 97% purity is widely used in production of LED lights which has huge demand from horticulture, electronic and automotive industry. Increasing investments in R&D for developing innovative lighting solutions in the electronics industry should boost demand for phosphor which should in turn lead to substantial growth of stilbene market.

Browse key industry insights spread across 360 pages with 360 market data tables and 65 figures & charts from the report, “ Stilbene Market By Type (E Stilbene [By Purity {96%, 98%, 99%}, By Application  {Phosphor, Scintillator, Dye Laser, Optical Brighteners, Pharmaceuticals, Chemical Industry }], Z Stilbene [By Purity {95%, 96%, 97%}, By Application {Phosphor, Scintillator, Dyes, Optical Brighteners}]) ,Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:

Rising demand for optical brighteners from various industries including textile and laundry detergents should stimulate the product growth

E Stilbene segment demand from optical brighteners application should exceed USD 1020 million by 2026. Extensive usage of optical brighteners in cosmetic, laundry detergents, textile and whitening agent applications is likely to provide promising opportunities for the growth of E stilbene market in near future.

Optical brighteners have properties such as chemical stability, heat resistant, high fluorescence and light fastness which facilitate its use in textile and paper industry. Optical brighteners are also used in soap and detergents for cloth whitening. Emerging applications of optical brighteners should augment the growth of E stilbene market.

In 2020, Z Stilbene segment demand from optical brighteners application was estimated to be over USD 260 million which shows huge opportunity for stilbene market growth. Optical brighteners produced from Z stilbene is widely used for paper manufacturing. The optical brighteners help to enhance whiteness of paper and acts as brightening agent for paper production.

The demand for optical brighteners is rising form paper industry owing to increasing use of recycled papers for newspapers and other applications. The recycled papers need optical brighteners for whitening process and should trigger the growth of Z stilbene which should further drive stilbene market growth.

“As per industry forecasts, Z Stilbene from scintillator applications segment should register gains over 6.5% by 2026, owing to increasing demand from medical diagnostic applications”

Rising demand for electronic devices and household appliances should drive stilbene demand in Asia Pacific

Asia Pacific should exceed USD 960 million by 2026 and is predicted to achieve significant growth in the assessment period. Stilbene is widely used in production of sensors and lights which are used in electronic devices and household appliances. The presence of major electronic product manufacturers with their well-established production facilities in Asia-Pacific is expected to fuel the stilbene market growth in the region. Also, China is an important supplier of intermediate electronic parts which should boost the demand for stilbene for use in manufacturing electronic products in that region.

Increasing demand for consumer electronic devices including laptops, television, smartphones and home appliances should raise the demand for stilbene. According to a report China is expected to be the most revenue generating region in the consumer electronics sector by end of 2021 with value over USD 162,035 million. Rising adoption of smartphones along with increasing disposable income should stimulate the growth of the regional electronic industry thereby stimulating the stilbene market share.

 “As per market estimates, Asia Pacific should register over 7.5 % gains by 2026, owing to application of the product in growing electronic industry”

The global stilbene industry share is consolidated which includes companies such as TCI Chemicals, Sigma Aldrich, XRchemical, Archroma, SynQuest Laboratories, abcr GmbH, AK Scientific Inc and Alfa Chemistry. Companies are focused on strategic agreements such as acquisitions, mergers and partnerships to expand their production volume and widen their geographic distribution network.

Authors: Kunal Ahuja, Kritika Mamtani