Stilbene Market: Introduction
Stilbene is a low molecular weight organic compound discovered by French chemist Auguste Laurent in 1843. The name stilbene was derived from a Greek word called as ‘stilbos’, which means shining. Stilbene is widely used in the manufacture of industrial dyes, optical brightners, phosphor, and many other products. Stilbene exists in two possible isomers one is cis-stilbene and another one is trans-stilbene, of which cis-stilbene is less stable due to steric hindrance.
There are various methods by which stilbene can be synthesized, some of the prominent methods are by reduction of benzoin using zinc amalgam, by reacting iodobenzene and styrene in the presence of Palladium. If UV light is applied, trans-cis isomerization can be observed in the case of stilbene.
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Stilbene Market: Dynamics
With the increasing demand for the use of dyes in the textile and paint industries, the stilbene market growth is expected to be benefited from the growth potential, as stilbene is used extensively for the production of dyes. Further, stilbene consumption is also projected to gain from rising demand of optical brighteners from the various end use industries such as textiles, paints and coatings, paper and printing. Apart from industrial chemicals, scintillator industry is also recognized as an end use industry to augment the growth of stilbene market, as trans-stilbene can be used as fluorescence material in scintillator.
The local government norms and safety regulations related with the hazard generated from synthesizing a chemical is also applicable in the case of stilbene, where its controlled formulation and usage may prevent the overall rate of consumption. Besides, the availability of substitutes such as Diphenyl Pyrazoline, may restrict market of stilbene in applications such as optical brighteners.
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Stilbene Market : Covid-19 Impact Assessment
With the onset of the covid-19 pandemic and resultant severe lockdowns across the globe, industrial activity has been affected to a significant extent, owing to supply chain disruptions and demand slowdown. The same is also true for the stilbene market, where decrease in the production of optical brighteners, dyes and fluorescence in the first few quarters of 2020 have impacted the growth of stilbene market to a great extent. However, with the initiatives taken by the respective countries to revive the economic growth and improve performance of the industrial economy, the stilbene market is expected to achieve the desirable growth in the upcoming quarters.
Stilbene Market: Regional Outlook
In Asia-Pacific region, significant growth in countries such as, China, India, ASEAN nations and other countries is anticipated to create greater opportunities for stilbene market owing to increasing demand of dyes and optical brighteners in textile, paper and paints industries. Rise in the demand of different types of dyes and optical brighteners in the textile industries in African region can provide considerable opportunities for stilbene market.
North America and Europe are the other key regions of stilbene, and these regions also hold a prominent share of global manufacturing capacity. The U.S. and Germany are the leading markets for Stilbene in these regions. Latin America and Middle East are expected to show a moderate growth in the global stilbene market during the forecast period.
Stilbene Market: Key Participants
List of some of the key participants in the global market of stilbene, identified across the value chain include:
- Huntsman International LLC.
- Milliken & Company
- BASF SE
- Rudolf GmbH
- Aron Universal Limited
- Zhejiang Transfar Whyyon Chemical Co., Ltd
- Eastman Chemical Company
- Paramount Minerals and Chemicals Limited
- Blankophor GmbH & Co. KG
- Kolorjet Chemicals Pvt. Ltd.
- Meghmani Organics Ltd.
- Chemwill Asia Co., Ltd
- Simpson Pharma Limited
Market research report on the stilbene presents a comprehensive evaluation containing thoughtful insights, facts and figures, historical data, statistically supported and industry validated market information. The stilbene market report also consist of projections using appropriate sets of assumptions and methodologies. The report provides in depth analysis and information according to market segments like geography, type, and applications.
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