What's driving the Benzalkonium Chloride Market Growth | Key Players are Merck Millipore, Stepan Company, Novo Nordisk, Dishman Group, Unilab Chemicals and Pharmaceuticals Pvt. Ltd., Haihang Industry Co.,Ltd
• North America: Growing demand from oil and gas industry
• Europe: Rising product usage as a pharmaceutical preservative
• Asia Pacific: Increase in water and wastewater treatment operations
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Benzalkonium chloride 80% market exceeded USD 450 million in 2018 on account of the product's ability to protect emulsion paints, pulp & paper, coatings and leather. This corrosive liquid offers the advantages of easy miscibility in water and restrained microbial growth. This product is extensively used in fungicidal washes and sterilant which is likely to further accelerate benzalkonium chloride market growth.
North America BAC 80% market size may expect gains at over 5.5% by the end of 2025 owing to their high usage in antiseptics and cleansers. The product ensures skin & wound cleansing along with treatment of insect bites. Also, these products are widely adopted as biocides in water treatment applications pertaining to its effectiveness against wide spectrum of bacteria’s and relative non-toxicity, which should boost benzalkonium chloride demand.
Benzalkonium chloride market from preservative applications is predicted to witness gains over 5% by 2025. The product is widely used as a preservative in ophthalmic drugs and nasal sprays to improve cost effectiveness and extend shelf life. The product also offers excellent antiseptic properties by degrading cytoplasmic membranes and denaturing proteins found in microorganisms along with enhancing drug delivery which should boost market growth.
Germany benzalkonium chloride market demand from cosmetic industry may surpass consumption at 2.8 kilo tons up to 2025 pertaining to its efficient antimicrobial properties which prevents product spoilage. It has wide usage in facial lotions, makeup, sunscreen, foot odor powder and rash creams. It is less toxic as compared to conventional antimicrobial agents such as triclosan which makes it ideal for cosmetic application. This product offers crucial detergent, foam boosting and emulsifying properties which makes it ideal for eye makeup, skin cleanser and personal hygiene products thus boosting benzalkonium chloride market growth.
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China benzalkonium chloride market size from chemical industry is estimated to exceed USD 45 million by the end of 2025. The product plays an essential role as a precipitant, emulsifier, and phase transfer catalyst in the chemical industry. The product functions as a cationic surfactant and is readily soluble in acetone & ethanol. It has extensive usage in water treatment chemicals production pertaining to its fungicidal, algacidal and bactericidal properties which should boost market growth.
Merck Millipore, Novo Nordisk, Dishman group, Jinshan Jingwei and Manav Aktteva Biopharma LLP are the major players catering to benzalkonium chloride market. Manufacturers are indulging in acquisitions to improve product manufacturing capabilities, labor availability and ensure competitive advantage, thus accelerating the growth of the market.
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