Stilbene Market Size

Stilbene Market size was over USD 8.58 Billion in 2023 and is set to cross USD 21.45 Billion by the end of 2036, witnessing more than 7.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of stilbene is estimated at USD 9.14 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.