Benzalkonium Chloride Market Report - Forecast till 2030

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), End-Use Industry (Pharmaceuticals, Oil & Gas, Food & Beverage, Personal Care & Cosmetics, Chemicals, Pulp & Paper, Textile, Plastics & Polymer) - Forecast till 2027

ID: MRFR/CnM/6428-HCR | February 2023 | Region: Global | 140 Pages         

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Benzalkonium Chloride Market

The benzalkonium chloride market size was USD 521 million in 2020 and is projected to reach USD 650 Million by 2027 registering a CAGR of over 8.1% during the forecast period, 2020–2027.

Segmentation
By Purity 50% 80% Others
By Function Biocide Cationic Surfactant Preservative Phase Transfer Agent
By Application Corrosion Inhibition Pharmaceutical Formulations Enhanced Oil Extraction Formulation of Cleaner-Sanitizers Water Treatment Timber Protection
By End-Use Industry Pharmaceuticals Oil & Gas Food & Beverage Personal Care & Cosmetics Chemicals Pulp & Paper Textile Plastics & Polymer
Key Players
Companies Profiled   Stepan Company (US)    Novo Nordisk A/S (Denmark)    Kao Corporation (Japan)    Iwaki Seiyaku Co.   Ltd (Japan)    MP Biomedicals (US)    Shanghai Bichain Industrial Chemical Co.    Ltd (China)    Quat-Chem Ltd (UK)    Haihang Group (China)    Dishman Group (India)    Bramchem Ltd (UK)    ALPHA CHEMICALS PVT. LTD (India)    TCI Chemicals (India) Pvt. Ltd (India)    SAJMIL CHEMICALS (US)
Drivers
Market Driving Forces   The growing demand for the product as a biocide in the pharmaceuticals    food & beverage    and oil & gas industries
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Benzalkonium Chloride Market Overview


The benzalkonium chloride market size was USD 521 million in 2020 and is projected to reach USD 650 Million by 2027, is expected to register a CAGR of 8.1%. The rising demand for the product as a biocide among the food & beverage, pharmaceuticals, and oil & gas industries is projected to drive the global market growth during the estimated period. Moreover, the rising awareness about hygiene among consumers is projected to bring lucrative opportunities for the worldwide market.


The worldwide benzalkonium chloride market has been segmented based on the application, purity, end-users, and function. Further, the purity segment is classified into 80%, 50%, and others. The function segment is categorized into cationic surfactant, biocide, phase transfer agent, and preservative. The end-user segment has been segmented based on oil & gas, pharmaceuticals, personal care & cosmetics, food & beverage, pulp & paper, plastics & polymer, chemicals, and textile. Based on the application segment, the global market has been segregated into pharmaceutical formulations, corrosion inhibition, formulation of cleaner sanitizers, enhanced oil extraction, timber protection, and water treatment.


The key regions involved in the benzalkonium chloride market are the Middle East & Africa, North America, Latin America, Asia-Pacific, Europe, and the rest of the world. Of these, the North American market is estimated to lead the global market throughout the review period.


Benzalkonium Chloride Market Segmentation


The benzalkonium chloride market has been segmented on the basis of purity/concentration, function, application, end-use industry, and region.


Based on purity/concentration, the benzalkonium chloride market has been divided into 50%, 80%, and others.


By function, the benzalkonium chloride market has been categorized into biocide, cationic surfactant, preservative, and phase transfer agent.


Based on application, the benzalkonium chloride market has been segmented into corrosion inhibition, pharmaceutical formulations, enhanced oil extraction, formulation of cleaner-sanitizers, water treatment, timber protection, and others.


On the basis of end-use industry, the benzalkonium chloride market has been categorized into pharmaceuticals, oil & gas, personal care & cosmetics, chemicals, pulp & paper, food & beverage, textile, plastics & polymer, and others.


Key Players


Stepan Company (US), Novo Nordisk A/S (Denmark), Kao Corporation (Japan), Iwaki Seiyaku Co.,Ltd (Japan), MP Biomedicals (US), Shanghai Bichain Industrial Chemical Co., Ltd (China), Quat-Chem Ltd (UK), Haihang Group (China), Dishman Group (India), Bramchem Ltd (UK), ALPHA CHEMICALS PVT. LTD (India), TCI Chemicals (India) Pvt. Ltd (India), SAJMIL CHEMICALS (US), and Innova Corporate (India) among others are some of the key players operating in the benzalkonium chloride market.


Market Synopsis


Benzalkonium chloride (BKC) is a clear, colorless or a slightly yellowish liquid belonging to the quaternary ammonium group, mainly used as a biocide and a cationic surfactant in a variety of end-use industries. It is a nitrogenous cationic surface-acting agent and is available in mainly two purities/concentrations—50% and 80%. It is majorly used in the formulation of disinfectants and bacterial sanitizers used in the healthcare, food & dairy, home care, and personal hygiene sectors. In addition, it is used as a preservative in the pharmaceutical industry for a variety of ophthalmic, oral, nasal, and topical drugs and in a broad range of ointments and creams.


The prominent factor driving the growth of the market is the growing demand for the product as a biocide in the pharmaceuticals, food & beverage, and oil & gas industries. It incorporates both microbicidal & detergency properties, making it ideal for the formulation of hygiene products. It exhibits rapid, safe, and powerful antimicrobial activity at low ppm (concentrations), strong detergency, compatibility with non-ionic, amphoteric, and cationic surface-active agents, and high molecular stability as well as retention of activity at high-temperature ranges, owing to which the product finds application in the formulation of disinfectants and detergent-sanitizers. Moreover, it is non-toxic, non-corrosive, and non-staining, making it useful in the food & beverage industry for the formulation of cleaner sanitizers for dairies, slaughterhouses, breweries, food storage tanks, and milk storage tanks, among others. With the growing awareness regarding hygiene among the consumers, coupled with the healthy growth of the food & beverage industry is likely to boost demand for benzalkonium chloride in the years to follow.


The product serves diverse applications in the chemical industry as a precipitant, emulsifier & de-emulsifier, and phase transfer catalyst. In the oil & gas industry, biocorrosion is a major operational hazard, wherein the product is used to control the activities of sulfate-reducing bacteria (SRB) which causes pitting of steel equipment and pipelines. Additionally, benzalkonium chloride is used to enhance the oil extraction process through de-emulsification and sludge breaking. The significantly growing popularity of EOR for the efficient and optimum oil production is expected to boost the demand for the product and favor the growth of the market during the assessment period.


However, the health hazards associated with the exposure of benzalkonium chloride are expected to limit the use of the product and act as a barrier to the growth of the market in the coming years.


Global Benzalkonium Chloride Market Share, by End-Use Industry, 2019 (%)  Benzalkonium Chloride Market_Image


Source: MRFR Analysis


Regional Analysis


The global benzalkonium chloride market has been studied with respect to five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The North American market is projected to be the leading regional market on the basis of market value during the forecast period. This is mainly attributed to the widespread use of the product in the pharmaceutical and oil & gas industries. Significantly rising EOR activities in the US is expected to boost demand for benzalkonium chloride in the oil & gas industry and thus favor the growth of the regional market in the years to follow.


The market in Asia-Pacific is projected to witness the fastest growth during the forecast period owing to the increasing investments in the pharmaceutical industry and healthy growth of the food & beverage industry. The food & beverage industry in the region is the largest in the world, and rising food consumption as a result of the growing population is further expected to boost the growth of the industry during the forecast period.


The benzalkonium chloride market in Europe is projected to grow at a moderate rate during the forecast period; Germany and Russia being the major contributors. This is attributed to the use of the product in wastewater treatment and pharmaceutical industries as one of the major preservatives in ophthalmic preparations.Recent Development


In April 2021


The Indian leading pharmaceutical company, Mankind Pharma, has declared about its toilet seat disinfectant spray, which comes under the latest brand Safe kind. This spray is very easy to use in unhygienic toilets or public toilets. It is primarily developed for ladies for hygienic purposes.


Intended Audience



  • Benzalkonium chloride manufacturers

  • Traders and distributors of benzalkonium chloride

  • Research and development institutes

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size   2027: USD 650 Million
  CAGR   2027: 8.1% CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Stepan Company (US), Novo Nordisk A/S (Denmark), Kao Corporation (Japan), Iwaki Seiyaku Co.,Ltd (Japan), MP Biomedicals (US), Shanghai Bichain Industrial Chemical Co., Ltd (China), Quat-Chem Ltd (UK), Haihang Group (China), Dishman Group (India), Bramchem Ltd (UK), ALPHA CHEMICALS PVT. LTD (India), TCI Chemicals (India) Pvt. Ltd (India), SAJMIL CHEMICALS (US), and Innova Corporate (India)
  Key Market Opportunities   With the growing awareness regarding hygiene among the consumers, coupled with the healthy growth of the food & beverage industry is likely to boost demand
  Key Market Drivers   The growing demand for the product as a biocide in the pharmaceuticals, food & beverage, and oil & gas industries.


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Frequently Asked Questions (FAQ) :

Valuation of The Global Benzalkonium Chloride Market had reached USD 650 MN by 2027.

Benzalkonium Chloride Market is projected to expand at over 8.1% CAGR during the assessment period (2020-2027).

Food & beverage industry is the largest end-use industry segment in The Global Benzalkonium Market.

North America holds the largest share in The Global Benzalkonium Chloride Market, followed by the Asia Pacific and Europe, respectively.

Novo Nordisk A/S (Denmark), Stepan Company (US), Kao Corporation (Japan), MP Biomedicals (US), Iwaki Seiyaku Co., Ltd (Japan), Shanghai Bichain Industrial Chemical Co., Ltd (China), Haihang Group (China), Quat-Chem Ltd (UK), Dishman Group (India), Alpha Chemicals Pvt. Ltd (India), Bramchem Ltd (UK), TCI Chemicals (India) Pvt. Ltd (India), Innova Corporate (India), and Sajmil Chemicals (US), are some of the major players operating in the Benzalkonium Chloride Market.