According to the research report titled ‘Stilbene Market Size By Type (E Stilbene [By Purity {96%, 98%, 99%}, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global stilbene market is slated to record a strong CAGR over 2021-2026.
 

Escalating product demand from numerous applications such as chemicals, pharmaceuticals, dye laser, and optical brightness, as well as flourishing automotive and oil sectors are catalyzing the growth of global stilbene market.
 

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For the unversed, stilbene is a crystalline, water-insoluble solid compound used primarily for manufacturing dyes, like stilbene dyes.
 

However, concerns regarding potentially hazardous effects of the product is likely to hamper overall market development over the projected timeframe.
 

Based on product type, worldwide stilbene industry is bifurcated into E Stilbene, and Z Stilbene variants.
 

Considering E stilbene product segment, the industry is further fragmented into purity and application. In terms of purity, 96% segment accumulated USD 310 million in 2019 and is further expected to record momentous growth over the ensuing years. On the other hand, 99% purity segment amassed over USD 485 million in 2020 and is expected to register remarkable growth over the forecast period.
 

Moving on, the phosphor application of E stilbene is touted to record notable growth through 2026, owing to increasing demand for LED from electronic industry. The chemicals application segment is anticipated to flourish considerably through 2026, owing to extensive product adoption as precursor to produce other organic chemicals like benzene.
 

Considering Z stilbene product type, the 97% purity segment is expected to accumulate USD 385 million by 2026. Meanwhile, 95% purity segment is poised to generate USD 190 million by the end of study duration.
 

The report cites that phosphor application segment of Z stilbene market is poised to grow considerably through 2026, creditable to large-scale product adoption to manufacture sensors used in electronic devices.
 

As per expert verbatim, Latin America stilbene industry surpassed a volume of 6 kilo ton in 2020 and is expected to witness healthy growth over the assessment period. Whereas, MEA market is poised to grow substantially over the forecast period, driven by rapidly expanding automotive and oil sectors across the region.

Prominent players in the industry sphere are Thermo Fisher Scientific Inc., Clearsynth Labs Ltd., Angene International Ltd., Wuhan 3B Scientific Corp. Ltd., Combi-Blocks Inc., MilliporeSigma, Santa Cruz Biotechnology Inc., King Scientific LLC, Hairui Chemical, Oakwood Products Inc., Alfa Chemistry, abcr GmbH, Nanjing Sinfoo Technology Co. Ltd., , Aaron Chemicals LLC, AK Scientific Inc., and Amadis Chemical Co. Ltd. among many others.