According to a new research report by Global Market Insights Inc., the Benzalkonium Chloride Market size is set to surpass USD 1.28 billion by 2027.
Benzalkonium chloride also known as alkyldimethylbenzylammonium chloride (ADBAC) is a type of cationic surfactant. ADBAC finds numerous uses as a cationic surfactant, phase transfer agent and biocide. Depending on the purity level the color of the product ranges from colorless to pale yellow. Concentrated form of the product has a bitter taste and a faint almond odor.
Rising demand for benzalkonium chloride products with concentrations of 50% and 80%. The product is manufactured with standard concentration of 50% and 80% from different industrial applications including polymers & coatings, food & beverage, pharmaceutical and chemical industry is expected to propel the benzalkonium chloride market growth.
Application of the product as phase transfer catalyst in synthesis of organic compound should augment market growth
Phase transfer catalyst application witnessed a consumption of over USD 150 million in 2020, which is likely to experience substantial gains up to 2027. The product is used in synthesis of various organic compounds including drugs owing to its application in chemical industry. The product offers ability to localize oil, water interfaces, emulsifier and de-emulsifier which is likely to raise product demand from chemical industry.
Phase transfer catalyst accelerates the rate of reaction and functions like detergent for solubilizing salts into organic phase owing to wide application in chemical industry. Rising investments in R & D is expected to boost growth of the chemical industry which is likely to drive growth of the benzalkonium chloride market in the near future. Globally the chemical industries are expected to focus on investing in innovation, long term opportunities and emerging applications which represents substantial growth opportunities for market growth.
“As per industry forecast, water treatment application should register over 9% gains by 2027, pertaining to rising government regulation on water treatment”
Browse key industry insights spread across 240 pages with 300 market data tables and 30 figures & charts from the report, “Benzalkonium Chloride Market Size By Type (Benzalkonium Chloride 80%, Benzalkonium Chloride 50%), By Application (Biocide[Water treatment chemical, Disinfectant, Preservative], Phase Transfer Catalyst), By End-Use (Food & Beverage, cosmetics, polymers & coatings, Pharmaceuticals, Chemical Industry, Pulp and Paper, Leather & Textile, Oil & Gas), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing demand for effective antibacterial agents in leather and textile industries should drive product market growth
Benzalkonium chloride market demand from leather and textile industry should exceed USD 60 million up to 2027. Natural textile fibers are destroyed by the action of fungi and mould. Thus raising the product demand as repellant in textile industry. The product with cationic dyestuffs is used as a permanent retarder in dyeing acrylic fibers which is expected to drive the growth of the market.
Inhibition of mildew and mould is achieved by product usage on leather products which is likely to raise product demand for leather applications. The product facilitates wetting, softening and leather dyeing which should augment product market growth in the forecasted time period. Rising demand for effective antibacterial agent in textile and footwear industries should further accelerate market growth. Fast changing fashion trends along with growing online distribution channel should trigger the benzalkonium chloride market share in projected timespan.
“As per industry forecasts, cosmetic applications should register gains over 8.5% by 2027, pertaining to antibacterial property of the product”
Rising application of the product in pharmaceutical industry and as water treatment chemical should drive product demand in Europe
Europe Benzalkonium Chloride Market should exceed USD 255 million by 2027. European market led by Germany, France, UK and Italy is expected to raise product market growth owing to growing government regulation for treatment of wastewater. Furthermore, high electricity demand has boosted consumption of water treatment chemical from power generation industry which should augment product market growth in the region.
Growing pharmaceutical industry in the region is expected to raise product demand in the region. The product is used as preservative in nasal and aural pharmaceutical preparations which is expected to foster product demand from pharmaceutical industry. Rapid growth of pharmaceutical industry owing to growing strategy for supply of effective and safe medicines is likely to raise product demand in the region.
“As per market estimates, North America should register over 8.5% gains by 2027, pertaining to its application in oil and gas industry for water treatment”
The global benzalkonium chloride industry share is consolidated and comprises various companies such as Jinshan Jingwei Chemical, Novo Nordisk, Dishman Group, Merck Millipore. Companies are striving to opt for adoption of inorganic growth strategies such as mergers, acquisitions and partnerships with other market players to expand their global presence and affirm market position.