Benzalkonium Chloride Industry
Overview:
The Global Benzalkonium Chloride
Industry is projected to be valued at over USD 1 Billion by the end of 2024 at
a CAGR of over 8% during the forecast period. Benzalkonium chloride is one of
the quaternary ammonium biocides, recognized for its dual biocidal and
detergency properties. The increasing demand for the product as a biocide in
the pharmaceuticals, food & beverage, chemicals, and oil & gas
industries is expected to be the key factor driving the market growth during
the forecast period. The growing popularity of the product in the oil & gas
industry for enhanced oil recovery is likely to provide lucrative opportunities
to the players operating the global market during the review period.
Competitive Analysis
Kao Corporation (Japan), Novo Nordisk
A/S (Denmark), Stepan Company (US), Iwaki Seiyaku Co.,Ltd (Japan), Bramchem Ltd
(UK), Shanghai Bichain Industrial Chemical Co., Ltd (China), MP Biomedicals
(US), Quat-Chem Ltd (UK), Innova Corporate (India) Haihang Group (China),
Dishman Group (India), TCI Chemicals (India) Pvt. Ltd (India), SAJMIL CHEMICALS
(US), and ALPHA CHEMICALS PVT. LTD (India) are some of the key players in the
global Benzalkonium Chloride Industry.
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Market Segmentation
The global Benzalkonium Chloride
Industry has been segmented on the basis of purity/concentration, function,
application, end-use industry, and region.
By purity/concentration, the global Benzalkonium
Chloride Industry has been categorized into 50%, 80%, and others. The 80%
segment was the leading segment in 2018 owing to its widespread use in the
major end-use industries, including food & beverage, pharmaceutical,
chemicals, and oil & gas. In addition, the increasing use of 80% purity benzalkonium
chloride in the water treatment industry is also expected to favor the growth
of the segment.
Based on function, the global Benzalkonium
Chloride Industry has been divided into biocide, cationic surfactant,
preservative, and phase transfer agent. Its major applications as a biocide are
in the pharmaceutical and food & beverage industries. With the need to
ensure food safety, the use of biocides in the food industry has increased, and
chemical-based disinfectants to control the microbial ecology of the production
environment. This is expected to propel the growth of the segment during the
forecast period.
By application, the global Benzalkonium
Chloride Industry has been classified into corrosion inhibition, pharmaceutical
formulations, enhanced oil extraction, formulation of cleaner-sanitizers, water
treatment, timber protection, and others. The formulation of cleaner-sanitizers
segment held the major share of the global market, with major applications in
the home care products, pharmaceutical cleansers, food & beverages,
disinfectants, and cleansers.
Based on end-use industry, the global
Benzalkonium Chloride Industry has been segmented into pharmaceuticals, oil
& gas, personal care & cosmetics, chemicals, pulp & paper, food
& beverage, textile, plastics & polymer, and others. The food &
beverage industry held the largest share of the market in 2018 and is projected
to register healthy growth during the forecast period. The oil & gas
segment is expected to exhibit the highest CAGR during the forecast period,
owing to the rising demand for the product in the oil & gas industry for
EOR.
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NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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