April 28, 2022
According to the business intelligence report titled ‘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’, available with MarketStudyReport, benzalkonium chloride market is slated to witness an exponential growth through 2027.
Surging product adoption across several application spectrums including pharmaceutical, chemicals, oil & gas, food & beverages and cosmetics is propelling the benzalkonium chloride market growth.
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For the unversed, benzalkonium chloride or BAC, also dubbed as ammonium alkyl dimethyl chloride and benzyl ammonium chloride, is a group of quaternary ammonium chemical compounds with antimicrobial properties against bacteria, fungi and viruses. It is utilized as an anti-bacterial agent and surfactant, hence commonly found in household cleaning products.
Owing to non-corrosive, non-staining, non-toxic, and non-tainting characteristics, product is extensively utilized in cleaner-sanitizing formulations across bottling plants, cold storages, breweries, slaughterhouses, fisheries, milk & food storage, dairy, and catering industries, thus adding to industry value.
Speaking of end-user scope, the polymers & coatings segment of the global benzalkonium chloride market is expected to register a robust annual growth rate of 8% through 2027, attributable surging product usage as an emulsifier, anti-static compound, and preservative in coatings for electronics, wood treatment, and paints.
On the other hand, the oil & gas segment is likely to record a CAGR of 8% over the assessment timeframe, creditable to burgeoning product adoption for de-emulsification and sludge breaking which will result in higher oil extraction.
Considering the regional landscape, Latin America benzalkonium chloride market size is slated to garner a substantial valuation of USD 90 million by 2027. Meanwhile, Middle East & Africa industry is slated to gain a sizable traction and accumulate a valuation of around USD 85 million by the forecast period end.
Prominent industry players profiled in the report are Manus Aktteva Biopharma LLP, Shandong Taihe Chemicals Co. Ltd., Unilab Chemicals & Pharmaceuticals Pvt. Ltd., Jinshan Jingwei Chemical/Taiko Palm-Oleo, AVA Chemicals Pvt. Ltd., Dishman Carbogen Amcis Ltd., Hefei TNJ Chemical Industry Co. Ltd., Haihang Industry Co. Ltd., Zhengzhou Meiya Chemical Products Co. Ltd., Novo Nordisk A/S, Kao Corporation, Iwaki Seiyaku Co. Ltd., Quat-Chem Ltd., Stepan Company, and Merck Millipore.