Benzalkonium Chloride Market Share, Growth & Forecast [2031]
Benzalkonium Chloride Market Share, Growth & Forecast [2031]
Segments - Benzalkonium Chloride Market by Types (Benzalkonium Chloride 50% and Benzalkonium Chloride 80%), Applications (Phase Transfer Catalyst and Biocide [Preservative, Disinfectant, and Water Treatment Chemical]), End-users (Oil & Gas, Leather & Textile, Pulp & Paper, Chemical Industry, Pharmaceuticals, Polymers & Coatings, Cosmetics, and Food & Beverage), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Benzalkonium Chloride Market Outlook 2031
The benzalkonium chloride market size was valued at USD 773.19 million in 2022 and is projected to reach USD 1.66 Million by 2031 expand at a CAGR of 8.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to widespread use as a wetting ingredient in contact lens solutions, disinfectant, solubilizer, antimicrobial preservative, and antiseptic.
The organic salt benzalkonium chloride is utilized as a cationic surfactant. Benzalkonium chloride (BKC) is a clear, colorless or slightly yellow liquid that belongs to the quaternary ammonium group and is primarily utilized as a cationic and biocide surfactant in number of end-use industries. In the oil and gas industry, it is utilized as a corrosion inhibitor.
Because of its safety, benzalkonium chloride is used as a preservative and to improve emollience and substantivity in a variety of ocular and topical treatments. When shaken, the product produces froth and is available in liquid and powder form.
Benzalkonium Chloride Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand of benzalkonium chloride in pharmaceutical industry is projected to drive the market.
- Increasing disposable income is estimated to fuel the market during the forecast period.
- Rising demand for personal care products such as sunscreen is anticipated to boost the market during the projected period.
- Growing demand for medications to cure lifestyle diseases like diabetes and obesity is expected to propel the market.
- Increasing awareness about the negative effects of the benzalkonium chloride is projected to hinder the market growth.
- R&D investments and technological advancements are estimated to create immense opportunities for the market players during the forecast period.
Scope of The Benzalkonium Chloride Market Report
The report on the global benzalkonium chloride market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Benzalkonium Chloride Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
Types (Benzalkonium Chloride 50% and Benzalkonium Chloride 80%), Applications (Phase Transfer Catalyst and Biocide [Preservative, Disinfectant, and Water Treatment Chemical]), and End-Users (Oil & Gas, Leather & Textile, Pulp & Paper, Chemical Industry, Pharmaceuticals, Polymers & Coatings, Cosmetics, and Food & Beverage) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Delta Chemsol; Boke Water treatment; Aarti Industries Ltd; Stepan; Novo Nordisk pharmatech; Quat-chem; Kao; Iwaki Seiyaku Co., Ltd; MP Biomedicals; SAJMIL CHEMICALS; Bramchem Ltd; Haihang Group; and Shanghai Bichain Industrial Chemical Co., Ltd. |
Benzalkonium Chloride Market Segment Insights
Benzalkonium chloride 50% accounts for a major market share
Based on types, the market is segregated into benzalkonium chloride 50% and benzalkonium chloride 80%. The benzalkonium chloride 50% accounts for a major market share owing to its employment in the chemical industry, benzalkonium chloride in a 50% concentration is an effective germicide against microorganisms like bacteria, fungus, and algae.
The 50% concentrated form is widely used in the pharma industry as a disintegrant because of its preservative characteristics and as an active ingredient owing to its antimicrobial properties. Increasing product demand in pharmaceutical formulations, owing to the growing spread of infectious diseases like COVID-19, is projected to drive the market. The benzalkonium chloride 80% form is used in water treatment chemicals and surface disinfectants, and it is expected to drive benzalkonium chloride market during the projected period.
The biocide segment held major market share in 2021
On the basis of applications, the market is bifurcated into phase transfer catalyst and biocide. The biocide segment is further segregated into preservative, disinfectant, and water treatment chemical. The biocide segment held major market share in 2021 and is projected to grow at a rapid pace during the forecast period.
The product compositions are utilized as effluents in swimming pool algaecides and water treatment. The application of the product reduces the need for antibiotics in aquaculture and helps improves hygiene, which is expected to increase demand for benzalkonium chloride. Because of its use in cleaning and preparation of surfaces such as sheds, wood decking, roofing, greenhouses, and paths, the product is extremely effective against mildew, algae, mold, fungi, and moss, which is anticipated to propel the benzalkonium chloride market during the forecast period.
Applications such as general site disinfection, water treatment, and fish parasite eradication is expected to fuel the segment. Benzalkonium chloride is utilized in ophthalmic solutions and has uses in eye drop preservation, is anticipated to boost the segment.
The cosmetics segment is projected to expand at a rapid pace during the forecast period
In terms of end-users, the market is segregated into oil & gas, leather & textile, pulp & paper, chemical industry, pharmaceuticals, polymers & coatings, cosmetics, and food & beverage. The cosmetics segment is projected to expand at a rapid pace during the forecast period. Benzalkonium chloride is commonly employed in final cosmetics products, because of its ability to prevent microorganism reproduction and growth, which is estimated to boost the segment.
The use of the product is involved in the formulation of eye makeup preparations, personal hygiene products, skin cleansers, shampoos, and skin care products. The benzalkonium chloride is projected to be in high demand in the cosmetics industry due to its use as a surfactant, which reduces the surface tension of cosmetics and ensures even product diffusion when used.
Furthermore, it eliminates and covers unpleasant body odor, which is expected to boost the demand from cosmetic and personal care goods and drive the benzalkonium chloride market during the forecast period. Soaps are made with the benzalkonium chloride because of its capacity to increase foam formation, which improves the mixing of oil and water, which is projected to drive the segment. Increased demand from sanitary baby wipes and skin sanitizers is also estimated to boost the segment.
North America is projected to dominate the market during the forecast period
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to dominate the market during the forecast period owing to increasing stringent government regulations for industrial waste-water treatment.
The oil & gas industry generates a large amount of wastewater, which is projected to drive the market in the region. Significantly increased EOR activities in the US are estimated to fuel demand for benzalkonium chloride in the oil & gas industry.
Segments
The global benzalkonium chloride market has been segmented on the basis of
Types
- Benzalkonium Chloride 50%
- Benzalkonium Chloride 80%
Applications
- Phase Transfer Catalyst
- Biocide
- Preservative
- Disinfectant
- Water Treatment Chemical
End-Users
- Oil & Gas
- Leather & Textile
- Pulp & Paper
- Chemical Industry
- Pharmaceuticals
- Polymers & Coatings
- Cosmetics
- Food & Beverage
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Delta Chemsol
- Boke Water treatment
- Aarti Industries Ltd
- Stepan
- Novo Nordisk pharmatech
- Quat-chem
- Kao
- Iwaki Seiyaku Co., Ltd
- MP Biomedicals
- SAJMIL CHEMICALS
- Bramchem Ltd
- Haihang Group
- Shanghai Bichain Industrial Chemical Co., Ltd.
Competitive Landscape
Key players competing in the benzalkonium chloride market include Delta Chemsol; Boke Water treatment; Aarti Industries Ltd; Stepan; Novo Nordisk pharmatech; Quat-chem; Kao; Iwaki Seiyaku Co., Ltd; MP Biomedicals; SAJMIL CHEMICALS; Bramchem Ltd; Haihang Group; and Shanghai Bichain Industrial Chemical Co., Ltd.
Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.
Frequently Asked Questions
Novo Nordisk pharmatech; Quat-chem; Kao; Iwaki Seiyaku Co., Ltd; and MP Biomedicals are some of the top players in the benzalkonium chloride market.
North America is projected to dominate the market during the forecast period
The cosmetics segment is projected to expand at a rapid pace during the forecast period.
The benzalkonium chloride market size was valued at USD 710 million in 2021.
The benzalkonium chloride market is projected to expand at a CAGR of 8.9% during the forecast period, 2022 – 2030.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Benzalkonium Chloride Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Benzalkonium Chloride Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Benzalkonium Chloride Market - Supply Chain
4.5. Global Benzalkonium Chloride Market Forecast
4.5.1. Benzalkonium Chloride Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Benzalkonium Chloride Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Benzalkonium Chloride Market Absolute $ Opportunity
5. Global Benzalkonium Chloride Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Benzalkonium Chloride Market Size and Volume Forecast by Types
5.3.1. Benzalkonium Chloride 50%
5.3.2. Benzalkonium Chloride 80%
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Benzalkonium Chloride Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Benzalkonium Chloride Market Size and Volume Forecast by Applications
6.3.1. Phase Transfer Catalyst
6.3.2. Biocide
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Benzalkonium Chloride Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Benzalkonium Chloride Market Size and Volume Forecast by End Users
7.3.1. Oil & Gas
7.3.2. Leather & Textile
7.3.3. Pulp & Paper
7.3.4. Chemical Industry
7.3.5. Pharmaceuticals
7.3.6. Polymers & Coatings
7.3.7. Cosmetics
7.3.8. Food & Beverage
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Benzalkonium Chloride Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Benzalkonium Chloride Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Benzalkonium Chloride Demand Share Forecast, 2019-2026
9. North America Benzalkonium Chloride Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Benzalkonium Chloride Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Benzalkonium Chloride Market Size and Volume Forecast by Types
9.4.1. Benzalkonium Chloride 50%
9.4.2. Benzalkonium Chloride 80%
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Benzalkonium Chloride Market Size and Volume Forecast by Applications
9.7.1. Phase Transfer Catalyst
9.7.2. Biocide
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Benzalkonium Chloride Market Size and Volume Forecast by End Users
9.10.1. Oil & Gas
9.10.2. Leather & Textile
9.10.3. Pulp & Paper
9.10.4. Chemical Industry
9.10.5. Pharmaceuticals
9.10.6. Polymers & Coatings
9.10.7. Cosmetics
9.10.8. Food & Beverage
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Benzalkonium Chloride Demand Share Forecast, 2019-2026
10. Latin America Benzalkonium Chloride Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Benzalkonium Chloride Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Benzalkonium Chloride Market Size and Volume Forecast by Types
10.4.1. Benzalkonium Chloride 50%
10.4.2. Benzalkonium Chloride 80%
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Benzalkonium Chloride Market Size and Volume Forecast by Applications
10.7.1. Phase Transfer Catalyst
10.7.2. Biocide
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Benzalkonium Chloride Market Size and Volume Forecast by End Users
10.10.1. Oil & Gas
10.10.2. Leather & Textile
10.10.3. Pulp & Paper
10.10.4. Chemical Industry
10.10.5. Pharmaceuticals
10.10.6. Polymers & Coatings
10.10.7. Cosmetics
10.10.8. Food & Beverage
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Benzalkonium Chloride Demand Share Forecast, 2019-2026
11. Europe Benzalkonium Chloride Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Benzalkonium Chloride Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Benzalkonium Chloride Market Size and Volume Forecast by Types
11.4.1. Benzalkonium Chloride 50%
11.4.2. Benzalkonium Chloride 80%
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Benzalkonium Chloride Market Size and Volume Forecast by Applications
11.7.1. Phase Transfer Catalyst
11.7.2. Biocide
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Benzalkonium Chloride Market Size and Volume Forecast by End Users
11.10.1. Oil & Gas
11.10.2. Leather & Textile
11.10.3. Pulp & Paper
11.10.4. Chemical Industry
11.10.5. Pharmaceuticals
11.10.6. Polymers & Coatings
11.10.7. Cosmetics
11.10.8. Food & Beverage
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Benzalkonium Chloride Demand Share Forecast, 2019-2026
12. Asia Pacific Benzalkonium Chloride Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Benzalkonium Chloride Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Benzalkonium Chloride Market Size and Volume Forecast by Types
12.4.1. Benzalkonium Chloride 50%
12.4.2. Benzalkonium Chloride 80%
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Benzalkonium Chloride Market Size and Volume Forecast by Applications
12.7.1. Phase Transfer Catalyst
12.7.2. Biocide
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Benzalkonium Chloride Market Size and Volume Forecast by End Users
12.10.1. Oil & Gas
12.10.2. Leather & Textile
12.10.3. Pulp & Paper
12.10.4. Chemical Industry
12.10.5. Pharmaceuticals
12.10.6. Polymers & Coatings
12.10.7. Cosmetics
12.10.8. Food & Beverage
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Benzalkonium Chloride Demand Share Forecast, 2019-2026
13. Middle East & Africa Benzalkonium Chloride Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Benzalkonium Chloride Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Benzalkonium Chloride Market Size and Volume Forecast by Types
13.4.1. Benzalkonium Chloride 50%
13.4.2. Benzalkonium Chloride 80%
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Benzalkonium Chloride Market Size and Volume Forecast by Applications
13.7.1. Phase Transfer Catalyst
13.7.2. Biocide
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Benzalkonium Chloride Market Size and Volume Forecast by End Users
13.10.1. Oil & Gas
13.10.2. Leather & Textile
13.10.3. Pulp & Paper
13.10.4. Chemical Industry
13.10.5. Pharmaceuticals
13.10.6. Polymers & Coatings
13.10.7. Cosmetics
13.10.8. Food & Beverage
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Benzalkonium Chloride Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Benzalkonium Chloride Market: Market Share Analysis
14.2. Benzalkonium Chloride Distributors and Customers
14.3. Benzalkonium Chloride Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Delta Chemsol
14.4.2. Boke Water treatment
14.4.3. Aarti Industries Ltd
14.4.4. Stepan
14.4.5. Novo Nordisk pharmatech
14.4.6. Quat-chem
14.4.7. Kao
14.4.8. Iwaki Seiyaku Co., Ltd
Methodology
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