Stilbene Market Size & Share, by Application (Phosphor, Scintillator, Pharmaceuticals, Chemical), Type (E-stilbene, Z-stilbene) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 4886
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Stilbene Market size was valued at USD 9.21 billion in 2024 and is likely to cross USD 23.3 billion by 2037, expanding at more than 7.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of stilbene is estimated at USD 10.33 billion.

The market growth is mainly owing to increasing demand for stilbene-based products in various industries, such as the textile, paper, and pharmaceutical industries. The textile industry is one of the largest employers in the world, providing jobs to more than 60 million people globally. The textile industry is expected to continue to expand in the coming years, driven by growing demand for textiles and clothing, particularly in emerging markets. Stilbene is a colorless crystalline solid that belongs to the family of organic compounds called stilbenoids. It is used in the manufacture of a variety of products, including optical brighteners, fluorescent dyes, and pharmaceuticals.

In addition to this, the textile industry has been expanding rapidly in emerging markets such as China, India, and Bangladesh, which have become major textile manufacturing hubs in recent years. The textile industry has been working to become more sustainable, with a focus on reducing water usage, carbon emissions, and waste generation. The textile industry is highly globalized, with over USD 400 billion worth of textiles and clothing traded internationally each year. The textile industry is a key end user of stilbene-based products, particularly optical brighteners, which are used to enhance the appearance of fabrics by improving their brightness and whiteness. The growing demand for textiles in emerging economies such as China and India is expected to drive the demand for stilbene-based optical brighteners in the coming years.


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Stilbene Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Pharmaceuticals: The pharmaceutical industry is the largest end-user of stilbene, accounting for over 50% of the total market share. Stilbene is used in the production of drugs for the treatment of cancer, Alzheimer's disease, and other medical conditions. According to a report by the World Health Organization, the global pharmaceutical market is expected to reach USD 1.5 trillion by 2023, up from USD 1.2 trillion in 2020.
  • Growth of the Cosmetics Industry: Stilbene is used in the production of cosmetics, particularly skin-lightening creams, and lotions. The global cosmetics industry was valued at nearly USD 485 billion in 2020, driven by rising consumer awareness and increasing demand for natural and organic products.
  • Increasing Demand for Textile Products: The textile industry is a major end-user of stilbene-based optical brighteners, which are used to enhance the brightness and whiteness of fabrics. Global textile production reached an estimated 111 million metric tons in 2020, up from 90 million metric tons in 2010, driven by factors such as growing population, urbanization, and rising disposable incomes.
  • Technological Advancements in Stilbene Production: The development of new and more efficient production methods for stilbene market is expected to drive the growth in the coming years. For instance, a study published in the journal "Organic Letters" in 2020 reported a new method for the synthesis of stilbenes that is more efficient and environmentally friendly than traditional methods.
  • Rise in Research Spending – Growth in the global market during the forecast period can be further attributed to increased investment in research and development activities to continuously find more viable solutions for stilbene. Research reports show that global R&D spending has more than tripled in real terms since 2000, rising from about USD 680 billion to more than USD 2.5 trillion in the year 2019.

Challenges

  • Stringent environmental regulations: The production of stilbene involves the use of chemicals that can have a negative impact on the environment. Governments around the world are implementing stringent regulations to limit the use of such chemicals and promote sustainable production practices. This could increase production costs and impact profit margins for stilbene manufacturers.
  • Volatility in raw material prices
  • Intense competition

Stilbene Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.4%

Base Year Market Size (2024)

USD 9.21 billion

Forecast Year Market Size (2037)

USD 23.3 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Stilbene Segmentation

Application (Phosphor, Scintillator, Pharmaceuticals, Chemical)

The global stilbene market is segmented and analyzed for demand and supply by application into phosphor, scintillator, pharmaceuticals, and chemical industry. Out of the four types of applications, the chemical industry segment is estimated to gain the largest market share of about 35% in the year 2037. The growth of the segment can be accredited to the expansion of the chemical industry across the world. The global chemical industry generated revenue of over USD 4.2 trillion in 2020. This figure is projected to grow to USD 5.9 trillion by the year 2030. Stilbene is used in cosmetics as a skin-lightening agent and is expected to witness increased demand owing to growth in the cosmetics industry. Stilbene is used in the textile industry as a whitening agent and is expected to witness increased demand owing to expansion in the textile industry. : Stilbene is used as a plasticizer in the polymer industry and is expected to witness increased demand owing to growth in the polymer industry. Stilbene is used as a precursor in the synthesis of several pharmaceutical compounds and is expected to witness increased demand due to the growing demand for pharmaceuticals. Overall, the segment is expected to witness significant growth in the coming years, driven by the growth of several end-use industries.

Type (E-stilbene, Z-stilbene)

The global stilbene market is also segmented and analyzed for demand and supply by type into E-stilbene, and Z-stilbene. Amongst these two segments, the E-stilbene segment is expected to garner a significant share of around 30% in the year 2037. The growth of the segment can be accredited to the increasing demand for dyes and pigments. E-stilbene is widely used in the production of dyes and pigments, and the growing demand for these products is expected to drive the growth of the E-stilbene segment. E-stilbene is a type of stilbene isomer that is widely used in the production of various products, including dyes, pigments, and pharmaceuticals. E-stilbene is used as a precursor in the synthesis of several pharmaceutical compounds, and the growing demand for pharmaceuticals is expected to drive the growth of the E-stilbene segment. E-stilbene is used as a whitening agent in the textile industry, and the expansion of the textile industry is expected to drive the growth of the E-stilbene segment. Overall, the E-stilbene segment in the global stilbene market is expected to witness significant growth in the forecast years, driven by the growing demand for dyes and pigments, pharmaceuticals, textiles, and plastics, among others.

Our in-depth analysis of the global market includes the following segments:

     By Type

  • E-stilbene
  • Z-stilbene

    By Application

  • Phosphor
  • Scintillator
  • Pharmaceuticals
  • Chemical Industry

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Stilbene Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific industry is estimated to account for largest revenue share of 35% by 2037. The regional growth can majorly be attributed to the expansion of the textile industry. The textile industry in the Asia Pacific region is also expanding rapidly, driven by the growing demand for textiles in countries such as China, India, and Vietnam. According to a report by the International Textile Manufacturers Federation, the Asia Pacific region accounted for 60% of the global textile and clothing exports in 2019, and the industry is expected to grow further in the coming years. The Asia Pacific region is also one of the fastest-growing markets for pharmaceuticals in the world, driven by the growing population and increasing healthcare spending in countries such as China and India. The Asia Pacific region is the largest market for cosmetics in the world, driven by the growing demand for beauty and personal care products in countries such as China, Japan, and South Korea. The Asia Pacific region is also one of the largest markets for agrochemicals in the world, driven by the growing population and increasing demand for food.

North American Market Forecast   

Stilbene market in the North America, amongst the market in all the other regions, is projected to hold the second largest share of about 24% during the forecast period. The growth of the market in this region can primarily be attributed to the growing demand for plastics in the region. The North American region is one of the largest markets for plastics in the world, driven by the growing demand for packaging materials and consumer goods. The North American coatings market is also expanding rapidly, driven by the growing construction and automotive industries in the region. The North American region is also one of the largest markets for pharmaceuticals in the world, driven by the increasing healthcare spending and aging population in the region. The North American region is also one of the largest markets for agrochemicals in the world, driven by the growing population and increasing demand for food. Overall, the stilbene market in the North American region is expected to witness significant growth in the coming years, driven by the growing demand for plastics, coatings, pharmaceuticals, and agrochemicals, among others.

Europe Market Forecast

Further, the stilbene in the Europe region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for polymers. The Europe region is one of the largest markets for polymers, driven by the growing demand for plastic products in various end-use industries such as packaging, construction, and automotive. The Europe region is also one of the major markets for personal care products, driven by increasing consumer awareness about personal hygiene and grooming. The Europe region is also one of the largest markets for pharmaceuticals in the world, driven by the aging population and increasing healthcare spending. The Europe region is also a significant market for agrochemicals, driven by the increasing demand for food and the need to improve agricultural productivity. Overall, the stilbene market in the Europe region is expected to witness significant growth in the coming years, driven by the increasing demand for polymers, personal care products, pharmaceuticals, and agrochemicals, among others.

Research Nester
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Companies Dominating the Stilbene Landscape

    • Sigma-Aldrich Co. LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • J & K SCIENTIFIC LTD.
    • J & K SCIENTIFIC AMERICA, INC.
    • Alfa Aesar
    • TCI (Tokyo Chemical Industry) Europe NV
    • Xuzhou Ruiyuan Chemical Co., Ltd.
    • Wako Pure Chemical Industries, Ltd.
    • Acros Organics BVBA
    • BOC Sciences
    • Conier Chem & Pharma Limited

In the News

  • Sigma-Aldrich Co. LLC: Sigma-Aldrich, a leading supplier of specialty chemicals, announced the launch of its new product line of chiral reagents and catalysts for asymmetric synthesis. The new products are expected to help researchers accelerate the discovery and development of new drugs and other advanced materials.
  • Alfa Aesar: Alfa Aesar, a major supplier of research chemicals, announced the expansion of its product portfolio with the addition of new high-purity reagents for life sciences research. The new products include amino acids, peptides, and other biochemicals that are essential for a wide range of research applications, including drug discovery and development.

Author Credits:  Rajrani Baghel


  • Report ID: 4886
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of stilbene is estimated at USD 10.33 billion.

The stilbene market size was valued at USD 9.21 billion in 2024 and is likely to cross USD 23.3 billion by 2037, expanding at more than 7.4% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for stilbene-based products in various industries will drive the market growth.

Asia Pacific industry is estimated to account for largest revenue share of 35% by 2037, due to expansion of the textile industry in the region.

The major players in the market are Sigma-Aldrich Co. LLC, J & K SCIENTIFIC LTD., J & K SCIENTIFIC AMERICA, INC., Alfa Aesar, TCI (Tokyo Chemical Industry) Europe NV, Xuzhou Ruiyuan Chemical Co., Ltd., Wako Pure Chemical Industries, Ltd., Acros Organics BVBA, BOC Sciences, Conier Chem & Pharma Limited
Stilbene Market Report Scope
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