Fluorescent Whitening Agents Market Share

APAC Market Forecast

Fluorescent whitening agents market in the Asia Pacific industry is predicted to dominate majority revenue share of 35% by 2037 during the foreseen period. The region's well-established textile, cleaning, textile industry, and personal sectors as well as changing lifestyle patterns, the market is expanding Asia Pacific’s textile industry is expanding rapidly as a result of growth drivers such as the manufacturing of more textile fibers, changing consumer preferences for upscale clothing, and evolving lifestyles. For instance, in 2021, textiles and clothing made up 10.33% of India’s total exports. Also, China led the world in textile exports in 2021 with over 41%. Moreover, rising disposable incomes and the growing use of FBAs in developing nations like China and India are some of the reasons driving the demand for FBAs in the Asia-Pacific region.

North American Market Statistics

North American Fluorescent Whitening Agents Market is anticipated to account for a share of 28% by the end of 2037. Paper & pulp, textile, plastic, and detergent sectors are some of the end-use industries in North America that fuel the demand for the market. The need for FBAs in these industries is being driven by the increasing demand for high-quality products with better brightness and whiteness. Furthermore, significant technological developments are also being seen in the nation's FBA sector, as businesses are substantially spending in R&D to create cutting-edge FBAs. Also, the fluorescent whitening agents market in the region is expanding as a result of the growing use of FBAs in cosmetics and personal hygiene products.