Benzalkonium Chloride industry Market Booming Segments; Investors Seeking Growth | Stepan Company (US), Kao Corporation (Japan), MP Biomedicals (US), Shanghai Bichain Industrial Chemical Co., Ltd (China)
Market Synopsis: Benzalkonium chloride, also known as BKC, is used as a biocide and cationic surfactant in end-user industries. Market Research Future (MRFR) has presented a report that reveals that the global benzalkonium chloride market, valued at USD 650 Mn in 2018, is expected to register a CAGR of 8% across the evaluation period 2019 to 2024. The product is extensively used as a biocide in the pharmaceutical industry. The growth of the pharmaceutical industry is expected to lead the growth of the benzalkonium chloride market over the next couple of years. It has also found applications in industries such as oil & gas, food & beverage, etc. These industries are core to the development of a nation’s economy. So, it is anticipated to act as a growth catalyst for the players of the benzalkonium chloride market over the assessment period. BKC is extensively used in the production of surfactants, disinfectants, sanitizers, and other hygiene products. Implementation of stricte