According to the report, global demand for benzalkonium chloride market was valued at approximately USD 645.3 Million in 2019, and is expected to generate revenue of around USD 1,149.7 Million by end of 2026, growing at a CAGR of around 8.6% between 2020 and 2026.
Global Benzalkonium Chloride Market: Overview
Benzalkonium chloride is a form of cationic surfactant. It is also referred by other chemical names such as BAC, ADBAC, BZK, and BKC. The color of the product is either yellowish white or completely white and is soapy to touch. The product can dissolve completely in water after its immersion. The chemical compound is in powder or liquid form and available in pure as well as hybrid grades.
Global Benzalkonium Chloride Market: Growth Factors
Rise in the disposable income, altering lifestyle, and escalating need for personal care products such as sunscreen lotions to counter the negative effects of the climate conditions will augment the market expansion. Apart from this, the massive need for drugs to treat lifestyle ailments such as obesity and diabetes will increase business trends. Furthermore, the product finds extensive application in the production of skin cleansers, personal care products, eye makeup, and shampoos. Moreover, the product plays a vital role in arresting the multiplication of microorganisms in personal care & cosmetic items and acts as a foam booster that will propagate the growth of Benzalkonium chloride market.
Additionally, thriving microelectronics, mining, and oil & gas sectors will not only leverage the water & wastewater treatment chemicals sector but also trigger the Benzalkonium chloride market expansion. Rampant industrialization, population surge, and massive pesticide usage have drastically impacted the quality of freshwater that will steer the market demand. Nevertheless, exposure to the chemical can have many side-effects including irritation of skin and dermatitis that can diminish the scope of the business. Additionally, the use of the chemical for an elongated period can result in bacterial resistant in food processing, farms, clinics, hospitals, and homes.
Global Benzalkonium Chloride Market: Segmentation
The Benzalkonium chloride market can be classified into type, end-use, and application. Based on the type, the industry can be sectored into Benzalkonium chloride 50% and Benzalkonium chloride 80%. End-use wise, the Benzalkonium chloride market can be divided into food & beverages, oil & gas, polymers & coatings, pulp & paper, cosmetics, leather & textiles, chemicals, pharmaceuticals, and polymers & coatings. Application wise, the market can be divided into biocide and phase transfer catalyst.
Global Benzalkonium Chloride Market: Regional Analysis
Based on the region, the Benzalkonium chloride market can be divided into five main regions: Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. Rise in the product sales in Canada and the U.S. coupled with renovation activities witnessed across oil refineries in Mexico will proliferate the growth rate of Benzalkonium chloride market in North America.
The European market is predicted to exhibit a remarkable surge during the forecast timeline, owing to the widespread use of the product in ocular medication and production of lozenges to treat throat & mouth infections. Technological breakthroughs in the biotechnology and healthcare sectors have brought notable development in the medical treatments. This, in turn, will catalyze the growth of the industry in Europe.
Asia Pacific Benzalkonium chloride industry is likely to witness an exponential surge in the coming years, subject to thriving papermaking, pesticide, and pharmaceutical industries in the region. Japan, India, and China are likely to be the key regional revenue generators.
Global Benzalkonium Chloride Market: Competitive Players
Few of the main participants in Benzalkonium chloride market are Novo Nordisk, Dishman Group, Jinshan Jingwei Chemical, and Merck.
Global Benzalkonium Chloride Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
