What's driving the Benzalkonium Chloride Market Size? | Key Players are Merck Millipore, Stepan Company, Novo Nordisk, Dishman Group, Unilab Chemicals and Pharmaceuticals Pvt. Ltd., Haihang Industry Co.,Ltd

The Benzalkonium Chloride Market is set to grow from its current market value of more than $605 million to over $1 billion by 2025; as reported in the latest study by Global Market Insights, Inc.

Growing product demand as a surface disinfectant and antibacterial agent in cosmetics & pharmaceuticals should stimulate benzalkonium chloride market growth. This product is highly biodegradable which ensures that it will not accumulate in the environment with use, unlike conventional alternatives which disrupt the ecosystem. BAC is highly effective against a wide variety of viruses, algae, fungi and bacteria which enhances its biocidal activity and is likely to further boost product demand.

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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 BAC market growth.

U.S. benzalkonium chloride 50% market should register over 5.5% gains by 2025 pertaining to significant product adoption as an oilfield chemical. The product inhibits the growth of sulfate reducing microbes which may weaken oilfield equipment by forming hydrogen sulfide gas. This product also enhances the oil extraction process by promoting de-emulsification, sludge breaking and reducing operational hazards caused by biocorrosion, which should accelerate benzalkonium chloride market growth.

Europe benzalkonium chloride market from water treatment chemical applications in biocide surpassed USD 40 million in 2018. The product's strong algacidal properties ensures efficient cleansing of swimming pools, which increases its suitability for water treatment in inns, spas and civic sanitation. This product is well-suited for the reduction of sludge, algae, & odor along with preventing bacterial infections in shrimp which should further stimulate product demand from aquaculture applications.

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Global benzalkonium chloride market share is consolidated, and the major market participants includes Merck Millipore, Quat Chem, Kao Chemicals, Novo Nordisk, and Manav Aktteva Biopharma LLP. Various manufacturers are engaging in strategic acquisitions to improve their manufacturing capabilities, broaden product offering and enhance competitive advantage, thereby stimulating benzalkonium chloride market growth.

Glimpse of Table of Content (ToC)

Chapter 3 Benzalkonium Chloride Industry Insights

3.1 Industry segmentation

3.2 Industry size & forecast, 2014 – 2025

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Distributors

3.3.2.2 Technology Providers

3.4 Regulatory landscape

3.4.1 U.S.

3.4.2 Europe

3.4.3 China

3.5 Pricing analysis

3.5.1 Benzalkonium Chloride 80%

3.5.2 Benzalkonium Chloride 50%

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 North America: Growing demand from oil and gas industry

3.6.1.2 Europe: Rising product usage as a pharmaceutical preservative

3.6.1.3 Asia Pacific: Increase in water and wastewater treatment operations

3.6.2 Industry pitfalls & challenges

3.6.2.1 Rising health concerns of exposure to high concentrations of the product

3.7 Growth potential analysis, 2018

3.7.1 Emerging business model

3.7.1.1 Acquisition

3.8 Company market share analysis, 2018

3.8.1 Strategy dashboard

3.9 Porter’s analysis

3.10 PESTEL analysis

Browse key industry insights spread across 220 pages with 312 market data tables & 28 figures & charts from the report, “Benzalkonium Chloride Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/benzalkonium-chloride-market

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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