Global Benzalkonium Chloride Market Research Report (2020 to 2030) - Rapid Growth in the Pharmaceutical Sector

Dublin, March 30, 2021 (GLOBE NEWSWIRE) -- The "Benzalkonium Chloride Market Research Report: By Type, Application, End-Use Industry - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Due to the increasing prevalence of acute and chronic diseases, growing geriatric population, and rising disposable income in emerging economies, the worldwide healthcare industry is expanding rapidly. This is expected to be the key factor to take the global benzalkonium chloride market to $1,301.1 million by 2030 from $525.0 million in 2019, at a 9.6% CAGR between 2020 and 2030.

This is because the compound is widely used as an antiseptic, antimicrobial preservative, solubilizing agent, disinfectant, and wetting agent in contact lens solutions. In addition, the benzalkonium chloride market is growing on account of the usage of this compound as an antimicrobial preservative in aqueous multidose nose, eye, and ear products.

The nationwide lockdowns implemented during the COVID-19 pandemic didn't affect the benzalkonium chloride market much because the compound is widely used in manufacturing wipes, hand sanitizers, and other products used for disinfection. Benzalkonium chloride destroys the lipid (fat) envelop of viruses, thus rendering them unable to get through to human cells. Therefore, with the burgeoning demand for such disinfectant products, the consumption of this compound has risen too.

Benzalkonium Chloride Market Segmentation Analysis

The benzalkonium chloride 50% bifurcation, under the type segment of the benzalkonium chloride market, held the larger share in the past. The compound in this particular concentration witnesses high-volume consumption in cosmetic and pharmaceutical products, as it is less toxic.

In the coming years, the highest value CAGR in the benzalkonium chloride market, of 10.0%, on the basis of application, will be witnessed by the disinfectants category. There are stringent regulations requiring hospitals and diagnostic, research, biotechnology and pharmaceutical laboratories to be disinfected on a regular basis. Another factor driving the demand for disinfectants and, in turn, benzalkonium chloride, is the increasing incidence of hospital-acquired infections (HAI).

The horticulture & household category is predicted to continue to dominate the benzalkonium chloride market throughout this decade, based on end-use industry. With the increasing awareness about hygiene and personal wellbeing, the demand for disinfectants and sanitizers is rising, thereby propelling the requirement for benzalkonium chloride. The COVID-19 pandemic has given a further push to the production of hand sanitizers and similar products, in turn, driving the market.

Till now, the North American benzalkonium chloride market has generated the highest revenue for companies offering this compound. With the growth in oil and gas exploration and production activities in Canada and the U.S., the usage of the compound as an inhibiter of the corrosion caused on underwater steel equipment by sulphate-reducing bacteria is rising. Another application of the compound in this sector is controlling the release of hydrogen sulphide gas, which results in oil souring.

Asia-Pacific (APAC) will witness the fastest advance in the benzalkonium chloride market in the years to come. Due to cost-effective labor and raw materials and less-stringent environmental regulations, China, India, Vietnam, and Malaysia are attracting chemical manufacturers from Europe and North America. Moreover, the already-large chemical sector of APAC is resulting in water pollution, which is propelling the demand for benzalkonium chloride for wastewater and effluent treatment.

Major players in the global benzalkonium chloride market are Dishman Carbogen Amcis Ltd., Ava Chemicals Private Limited, Shanghai Bichain Industrial Chemical Co. Ltd., Neogen Corporation, Haihang Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Merck KGaA, Novo Nordisk A/S, KLK OLEO, and Kao Corporation.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by End-Use Industry
1.3.4 Market Segmentation by Region
1.4 Analysis Period
1.5 Market Data Reporting Unit
1.5.1 Volume
1.5.2 Value
1.6 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes & Caveats

Chapter 3. Executive Summary
3.1 Global Market Summary
3.2 North America Market Summary
3.3 Europe Market Summary
3.4 APAC Market Summary
3.5 LATAM Market Summary
3.6 MEA Market Summary

Chapter 4. Industry Outlook
4.1 Voice of Industry Experts/KOLs
4.2 Definition of Market Segments
4.2.1 By Type
4.2.1.1 Benzalkonium chloride 50%
4.2.1.2 Benzalkonium chloride 80%
4.2.2 By Application
4.2.2.1 Eye, ear, & nasal drops
4.2.2.2 Hand sanitizers
4.2.2.3 Shampoos
4.2.2.4 Disinfectants
4.2.2.5 Spermicidal creams
4.2.2.6 Water treatment chemicals
4.2.2.7 Aquaculture chemicals
4.2.2.8 Timber protection chemicals
4.2.2.9 Coatings
4.2.2.10 Others
4.2.3 By End-Use Industry
4.2.3.1 Oil & gas
4.2.3.2 Pharmaceuticals & cosmetics
4.2.3.3 Pulp & paper
4.2.3.4 Textile
4.2.3.5 Leather
4.2.3.6 Horticulture & household
4.2.3.7 Chemical
4.2.3.8 Others
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rapid growth in the pharmaceutical sector
4.3.1.2 Growing oil & gas industry
4.3.1.3 Impact analysis of drivers on market forecast
4.3.2 Restraints
4.3.2.1 Hazardous effects of benzalkonium chloride
4.3.2.2 Impact analysis of restraints on market forecast
4.4 Impact of COVID-19
4.4.1 Global Manufacturing Output
4.4.1.1 Contribution of countries toward global manufacturing output
4.4.1.2 Contribution of countries toward global export and import (2019)
4.4.1.2.1 Top 20 countries by export
4.4.1.2.2 Top 20 countries by import
4.4.2 Global Scenario of COVID-19 Impact
4.4.2.1 Global GDP growth
4.4.2.2 Assessment of COVID-19 impact on GDP and economic forecast
4.4.3 Impact of COVID-19 on Global Benzalkonium Chloride Market
4.5 Value Chain Analysis
4.6 Production Capacity in India
4.7 Production Process Analysis
4.8 Regulatory Policy Analysis
4.8.1 Europe
4.8.2 U.S.
4.9 Porter's Five Forces Analysis
4.9.1 Bargaining Power of Buyers
4.9.2 Bargaining Power of Suppliers
4.9.3 Intensity of Rivalry
4.9.4 Threat of New Entrants
4.9.5 Threat of Substitutes

Chapter 5. Global Market Size and Forecast
5.1 By Type
5.2 By Application
5.3 By End-Use Industry
5.4 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Type
6.2 By Application
6.3 By End-Use Industry
6.4 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.2 By Application
7.3 By End-Use Industry
7.4 By Country

Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.2 By Application
8.3 By End-Use Industry
8.4 By Country

Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.2 By Application
9.3 By End-Use Industry
9.4 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.2 By Application
10.3 By End-Use Industry
10.4 By Country

Chapter 11. Major Markets
11.1 U.S. Market
11.1.1 By Type
11.1.2 By Application
11.1.3 By End-Use Industry
11.2 Germany Market
11.2.1 By Type
11.2.2 By Application
11.2.3 By End-Use Industry
11.3 China Market
11.3.1 By Type
11.3.2 By Application
11.3.3 By End-Use Industry
11.4 Japan Market
11.4.1 By Type
11.4.2 By Application
11.4.3 By End-Use Industry

Chapter 12. Competitive Landscape
12.1 List of Other Players
12.2 Market Share Analysis of Key Players
12.3 Key Offerings of Key Players

Chapter 13. Company Profiles
13.1 Ava Chemicals Private Limited
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.2 Dishman Carbogen Amcis Ltd.
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.3 Neogen Corporation
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.3.3 Key Financial Summary
13.4 Shanghai Bichain Industrial Chemical Co. Ltd.
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.5 Tokyo Chemical Industry Co. Ltd.
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.6 Haihang Industry Co. Ltd.
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.7 Merck KGaA
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.7.3 Key Financial Summary
13.8 Hefei TNJ Chemical Industry Co. Ltd.
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.9 Novo Nordisk A/S
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 KLK OLEO
13.10.1 Business Overview
13.10.2 Product and Service Offerings
13.10.3 Key Financial Summary
13.11 Kao Corporation
13.11.1 Business Overview
13.11.2 Product and Service Offerings
13.11.3 Key Financial Summary

Chapter 14. Appendix

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