Benzalkonium Chloride Market 2021 growth latest application share recent trends and better investment opportunities by forecast to 2030

Benzalkonium Chloride Market

The Global Benzalkonium Chloride Market is predicted to grow at an 8% CAGR over the forecast period (2020–2025), states the latest Market Research Future (MRFR) report. Benzalkonium chloride, simply put, is a form of cationic surfactant that is a pale-yellow gummy amber solid. It is widely used as a preservative in the pharmaceutical sector for various topical, nasal, oral, and ophthalmic drugs, creams, and ointments and in the formulation of bacterial sanitizers and disinfectants in the personal hygiene, home care, food and beverage, and healthcare sectors.

Various factors are propelling the benzalkonium chloride market growth. Some of these factors, according to the Market Research Future report, include burgeoning demand in the oil and gas, food and beverage, and pharmaceuticals industry as a biocide, rising awareness about hygiene, a growing food and beverage industry, and an increasingly aging population. Additional factors pushing market growth include technological advancements in the pharmaceutical industry, the growing need for medicines for treating diabetes and obesity, and its routine use in wet wipes, hand and surface sanitizers, lozenges, and more.

Market Segmentation

The MRFR report offers a wide segmental analysis of the benzalkonium chloride market on the basis of application, function, purity/concentration, and end-use industry.

Based on purity/concentration, the benzalkonium chloride market is segmented into 80%, 50%, and others. Of these, the 80% segment will have the largest share in the market over the forecast period. This is owing to its extensive use in key end-use industries such as oil and gas, chemicals, pharmaceutical, and food and beverage. Besides, it is also widely used in the water treatment industry, which is also pushing the market growth.

Based on function, the benzalkonium chloride market is segmented into the phase transfer agent, preservative, surfactant, cationic, and biocide. Of these, the biocide segment will dominate the market over the forecast period.

Based on application, the benzalkonium chloride market is segmented into timber protection, water treatment, formulation of cleaner sanitizers, enhanced oil extraction, pharmaceutical formulations, and corrosion inhibition. Of these, the formulation of the cleaner sanitizers segment will lead the market over the forecast period.

Based on end-use industry, the benzalkonium chloride market is segmented into plastics and polymer, textile, food and beverage, pulp and paper, chemicals, personal care and cosmetics, oil and gas, pharmaceuticals, and others. Of these, the food and beverage segment will have the maximum share in the market over the forecast period.

Regional Analysis

By region, the benzalkonium chloride market report covers the latest trends and growth opportunities across North America, the Asia Pacific (APAC), Latin America, Europe, the Middle East, and Africa. Of these, North America will lead the market over the forecast period. This is owing to its extensive use in the oil and gas, and the pharmaceutical industry. The rapidly increasing EOR activities, especially in the United States, is predicted to push benzalkonium chloride’s demand in the oil and gas industries, thus propelling the market growth.

The benzalkonium APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the rising investment in the pharmaceutical sector, coupled with the growing food and beverage industry. Moreover, rising food consumption due to the increasing population is also boosting the market growth.

The benzalkonium chloride market in Europe is predicted to have moderate growth over the forecast period. Russia and Germany are the key contributors here. This is owing to its extensive use in the pharmaceutical industries and wastewater treatment.

Key Players

Leading players profiled in the benzalkonium chloride market report include ALPHA CHEMICALS PVT. LTD (India), SAJMIL CHEMICALS (US), TCI Chemicals (India) Pvt. Ltd (India), Dishman Group (India), Haihang Group (China), Innova Corporate (India), Quat-Chem Ltd (UK), MP Biomedicals (US), Shanghai Bichain Industrial Chemical Co., Ltd (China), Bramchem Ltd (UK), Iwaki Seiyaku Co. Ltd (Japan), Stepan Company (US), Novo Nordisk A/S (Denmark), and Kao Corporation (Japan), among others.