Benzalkonium Chloride Market Dynamics, Comprehensive Analysis, Business Growth, Prospects and Opportunities 2024
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Benzalkonium Chloride Market 2019-2023 Benzalkonium Chloride Market Key Futuristic Trends and Opportunities to (2019-2025) Global Benzalkonium Chloride Market: Information by Purity, Concentration (50%, 80%, Others), Function (Biocide, Cationic Surfactant, Preservative, Phase Transfer Agent), Application (Corrosion Inhibition, Pharmaceutical Formulations, Enhanced Oil Extraction, Formulation of Cleaner-Sanitizers, Water Treatment, Timber Protection), EndUse Industry (Pharmaceuticals, Oil & Gas, Food & Beverage, Personal Care & Cosmetics, Chemicals, Pulp & Paper, Textile, Plastics & Polymer) and Region - Forecast till 2023
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.
2
www.marketresearchfuture.com
Benzalkonium Chloride Market Dynamics, Comprehensive Analysis, Business Growth, Prospects and Opportunities 2024
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. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7900
Table of Contents 1 Executive Summary 2 Market Introduction 2.1 Market Definition 2.2 Scope Of The Study
2.3 Assumptions & Limitations 2.4 Market Structure 2.5 Key Takeaways 3 Market Insights 3
www.marketresearchfuture.com
Benzalkonium Chloride Market Size, Application Analysis, Regional Outlook, 2018 – 2023
Regions: period. The food & beverage industry in the region is growing at a significant rate and is one of the largest in the world. With the rising population and increasing demand for food, the industry in the region is expected to witness high growth in the years to follow. This is likely to boost demand for benzalkonium chloride in the region and thus favor market growth in the coming years. In addition, wastewater management has been one of the major challenges for the sustainable development of the region. Industrial wastewater and municipal sewage account for a large number of waste effluents, which is disposed into the water systems without undergoing proper treatments. The use of benzalkonium chloride for treating wastewater is gaining popularity due to rising concerns over environmental impacts and pollution. Moreover, stringent regulations, particularly in the areas of water reuse and wastage, is likely to boost the demand for benzalkonium chloride and favor the regional market growth. Furthermore, the healthy growth of the paints & coatings industry in the region is projected to boost demand for the product as emulsifier and preservative in this industry. North America is the leading consumer of the benzalkonium chloride, accounting for the largest market share in 2018. Stringent regulations pertaining to the treatment of industrial effluents and significant growth of the pharmaceuticals industry in the regional market is expected to favor the growth of the regional market.
The market in the Middle East & Africa is projected to witness healthy growth in the coming years. This is mainly attributed to the development of the industrial sector in the region and expanding personal care & cosmetics market in the region.
4
www.marketresearchfuture.com
Benzalkonium Chloride Market Size, Share, Scope, Product Estimates & Business Strategy, Upcoming Development, Forecasts, 2019 - 2023 | MRFR Market Segmentation: 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.
View Full Report Summary and Details Related to Table of Contents @ https://www.marketresearchfuture.com/reports/benzalkonium-chloride-market-7900
5
www.marketresearchfuture.com
ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com
Copyright Š 2018 Market Research Future
All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
6
www.marketresearchfuture.com
THANK YOU
MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
7
www.marketresearchfuture.com