Global demand for Stilbene Market is expected to reach a market valuation of US$ 0.5 Billion by the end of the year 2023, accelerating at a CAGR of 5.5% over the forecast period (2023 to 2033). Stilbene is an organic compound that has a wide range of applications in various industries, such as the pharmaceutical, cosmetic, and plastic industries. It is primarily used in the production of stilbene derivatives, including resveratrol, which is used in dietary supplements and cosmetics, and stilbene-based polymers, which are used in the production of plastic materials.
The stilbene market is expected to grow in the coming years due to the increasing demand for resveratrol and other stilbene derivatives. The demand for resveratrol is primarily driven by its potential health benefits, including antioxidant and anti-inflammatory properties. Additionally, the growing awareness of the harmful effects of synthetic chemicals in cosmetics and personal care products is expected to increase the demand for natural ingredients such as resveratrol.
The market is supported by:
Increasing demand for resveratrol
Growing demand for natural ingredients
Increased use in the plastic industry
Technological advancements
Diversified application
Growing pharmaceutical and nutraceutical industries
Rapidly growing plastic industry
Growing awareness of sustainable and eco-friendly processes
Increasing government investments in research and development
outstanding customer and employee experience
The Asia Pacific Stilbene market is expected to experience significant growth in the coming years due to several factors. Consumers in the Asia Pacific region are increasingly seeking natural and organic ingredients in their products. This trend has resulted in an increased demand for resveratrol, a stilbene derivative that is derived from natural sources such as grapes and berries. The pharmaceutical and nutraceutical industries in the Asia Pacific region are experiencing significant growth, which has resulted in an increased demand for stilbene derivatives, such as resveratrol. The plastic industry in the Asia Pacific region is growing at a rapid pace, which has resulted in an increased demand for stilbene-based polymers.
The North American Stilbene market is expected to experience steady growth in the coming years due to several factors. It is increasingly being used in the nutraceutical and pharmaceutical industries due to its potential health benefits, such as anti-inflammatory and antioxidant properties. The growing demand for natural ingredients is also driving the demand for resveratrol in North America. Furthermore, the stilbene-based polymers are used in the production of plastic materials, which are in high demand in various industries across the North American market. The stilbene-based polymers offer several advantages, including good thermal and mechanical properties, which are driving their demand.
The stilbene market is a competitive one, with several key players operating globally. Some of the major players in the market include Sigma-Aldrich Corporation, BASF SE, Merck KGaA, Evonik Industries AG, Eastman Chemical Company, Wanhua Chemical Group Co. Ltd., Alfa Aesar, and TCI Chemicals. These companies are investing heavily in research and development to develop new and innovative products to meet the growing demand for stilbene and its derivatives in various applications, such as the pharmaceutical, nutraceutical, and plastic industries.
In 2020, Inrad Optics introduced a new line of Scintinel™ stilbene radiation detectors for quick neutron detection, which are now available for purchase. These detectors, available in diameters ranging from one inch to five inches, feature a photomultiplier tube with voltage divider electronics coupled with a stilbene scintillation crystal. The price for the one-inch detector starts at $2,815.
Scintinel™ stilbene offers several benefits, including high sensitivity to neutrons and excellent discrimination between neutrons and gamma-ray radiation, making it easier to identify special nuclear material without false alarms caused by benign gamma sources. Additionally, stilbene is a solid-state material that is not hazardous. In comparison to liquid and plastic scintillators, stilbene offers superior performance advantages. Crystalline stilbene is known to provide better pulse shape discrimination, lower energy thresholds, higher gamma rejection, and higher neutron efficiency.
Market Value 2023
US$ 0.5 Billion
Projected Value 2033
US$ 0.85 Billion
CAGR
5.5%
Stilbeneisa 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’.The compoundis widely used in the manufacture of industrial dyes, optical brightners, phosphor (luminescence), and many other products.
Some of the derivatives of the compound have estrogenic activity which can be utilized for the synthesis of non-steroidal synthetic estrogen. Certain derivatives of the compound can be used in the production of medicine to lower blood sugar level and to control fat and cholesterol level in blood.
The compound exists in two possible isomers one is cis-stilbene and another one is trans-stilbene, of which cis-isomer of the compound is less stable due to steric hindrance.
Several derivatives like stilbenoids are naturally present in plants. However, there are various methods by which the compound 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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What are the Growth Factors for Global Stilbene Market and the Challenges faced by the Stilbene Market Participants
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 the compound is used extensively for the production of dyes. Further, consumption of this compound 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 printingduring the assessment period.
Apart from industrial chemicals, scintillator industry is also recognized as an end use industry to augment the growth of stilbene market, as trans-isomer of the compound can be used as fluorescence material in scintillator.
Moreover, the growing research in the medical field for controlling the blood sugar level, cholesterol level and level of fats is anticipated to commercialize the use of stilbene in the medical field which will benefit its market in the coming years.
The regional government norms and safety standards rules and regulations related with the hazard generated from synthesizing, utilizing and transporting 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 the compound in applications such as optical brighteners.
Give an overview for the Regional Outlook of the Global Stilbene Market
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 for the compound, and these regions also hold a prominent share of global manufacturing capacity. The USA 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.
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Provide a list of the Key Market Participants in the Global Market of Stilbene
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 TransfarWhyyon 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.
Which Trend or Segment to impact more to the Global Market of Stilbene
Trans-isomer of the compound is expected to remain the dominating segment in the global market of stilbene over the forecast period on the basis of type. The market is further estimated to be significantly benefited from the growing demand of optical brighteners from several end use industries including textiles, paints and coatings, paper & pulp and printing industry in the coming years.
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Analyst View point Regarding the Global Stilbene Market
Stilbene market is projected to witness a significant growth rate during the forecast period owing to its use in the production of optical brighteners and dyes, as a luminescence or phosphor and further in scintillator.
Moreover, the commercialization of the use of its derivatives for the manufacturing of drugs to treat the blood sugar level and cholesterol level and also the production of non-steroidal synthetic estrogen will benefit the global market of stilbene to a considerable extent in the coming years.
The report covers exhaustive analysis on
Stilbene Market Segments
Stilbene Market Dynamics
Stilbene Market Size
Market Adoption rate of Stilbene
Current Trends/Issues/Challenges in the StilbeneMarket
Competition & Companies Involved in Stilbene
New Technology for Stilbene
Value Chain of the StilbeneMarket
Regional analysis includes
North America (USA, Canada)
Latin America (Mexico, Brazil, Argentina)
Western Europe (Germany, Italy, France, United Kingdom, Spain)
Eastern Europe (Russia, Turkey)
South Asia (India and ASEAN countries)
East Asia (China, Japan, South Korea)
Oceania (Australia and New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Stilbene market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Stilbene market segments and geographies.
How the Global Stilbene Market can be Segmented
Globally, the diverse market of Stilbene can be segmented on the basis of type and by applications
