Benzalkonium Chloride Market Overview:
The Global Benzalkonium Chloride
Market 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 market.
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Market Segmentation
The global benzalkonium chloride
market has been segmented on the basis of purity/concentration, function,
application, end-use industry, and region.
By purity/concentration, the global
benzalkonium chloride market 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 market 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 market 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 market 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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