The global stilbene market share is anticipated to proliferate at an appreciable pace in years ahead, driven by the rising prevalence of chronic and infectious diseases and the subsequent increase in diagnostic system demand worldwide. Likewise, the robust adoption of phosphor in the production of LED lights, alongside the accelerating stilbene applications in the electronic, textiles, and paper industries, will impel industry outlook over the forecast spell.
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The ongoing COVID-19 pandemic has been presenting a huge threat to public health. Due to the escalating challenges and unavailability of potent medicines, various research studies have been conducted across the globe. According to authentic reports, stilbene-based compounds are shown to be promising anti-COVID-19 drug candidates that can cause the disruption of the spike protein. The high product potential to act as a disruptor of SARS-CoV-2 spike protein will create ideal growth conditions for the stilbene business in the coming years.
As per Global Market Insights, Inc. estimates, the global stilbene market size is projected to reach $3 billion by 2026. Increasing R&D activities of stilbene-based drugs in pharmaceuticals industry could foster market trends.
On the basis of application, the industry share from pharmaceuticals application segment is likely to record remuneration worth over $115 million by 2026, owing to the rising product adoption for anti-inflammatory, anti-aging, and antioxidant treatments. The segmental growth can also be fostered by the growing R&D activities to launch drugs for therapeutic and preventive applications, thereby adding impetus to the stilbene market expansion.
The E stilbene product type industry share in the pharmaceuticals application segment was valued at more than $70 million in 2020, which was attributable to the rapid usage of stilbene derivatives as antimicrobial and anti-inflammatory medications. The rising need for E stilbene can also be credited to the widespread application of scintillators in CT scanners and gamma cameras.
The Z stilbene type from the dyes application segment is expected to register revenue of more than $220 million by 2026, due to the mounting Z stilbene uses and benefits in the production of dye lasers for skin rejuvenation.
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On the other hand, the Z stilbene market from the scintillator application segment recorded nearly $45 million in revenue in 2020, on account of the increasing usage of scintillators as detectors in medical diagnostic and geophysical exploration. Myriad other stilbene scintillator benefits over liquid scintillators, such as low costs of transportation, storage, and ease of handling, along with its non-flammable and non-hygroscopic nature, will assert positive affluence in the overall stilbene industry over the forthcoming years.
Resveratrol, which is a stilbenoid, is capable of inhibiting the in-vitro growth of the cancer cells such as human acute lymphocytic & non-lymphocytic leukemia cell lines like K562 (chronic myelogenous leukemia) and HL-60 (promyelocytic leukemia). Various mechanisms have also been proposed for its growth inhibitory effect, including the induction of leukemia cell differentiation and inhibition of DNA synthesis by reducing DNA polymerase or ribonucleotide reductase.
However, the product comes along with several pharmacokinetic limitations. For example, its hydroxyl groups are susceptible to sulfation and glucuronidation, resulting in its limited bioavailability and short half-life. These factors, alongside its cytotoxic effects on human cancer cells at a relatively high concentration, may create roadblocks to the steady growth of the stilbene market over the foreseeable future.
On the regional front, the Europe stilbene market will register around 7.3% gains by 2026. This is a result of the rapid advances in technology, coupled with the strong demand for innovative electronic products in the region. The regional industry outlook will further be impelled by the rising phosphor-based LED applications in the automotive industry.
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The North America stilbene industry was valued at over $540 million in 2020. In addition, the Asia Pacific stilbene industry is anticipated to amass hefty profits, which can be credited to the high preference for electronic devices such as television, household appliances, and mobile phones among consumers. The automotive industry in the region has also been gaining high prominence over the past years. Increasing stilbene health benefits in treating diseases like cancer and anti-inflammatory property as well as the considerable growth of the healthcare and pharmaceutical industries will amplify the market expansion in the APAC region.
Key stilbene market players include AK Scientific Inc, abcr GmbH, SynQuest Laboratories, Archroma, XRchemical, Sigma Aldrich, Eastman Chemical Company, Dayglo Color Corp, and BASF Corporation, among others. These firms are implementing strategies such as business expansions, new product launches, and M&A to gain a significant share in the global market.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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