Benzyl Chloride Market to Hit a Valuation of US$ 140 Million at a CAGR of 3.5% by 2033

The global benzyl alcohol market, as estimated by Fact.MR, is expected to grow at a compound annual growth rate (CAGR) of 3.5% between 2023 and 2033, with a market valuation of US$ 97 million.

Chlorotoluene, another name for benzoyl chloride, is an organic molecule that has a chemical structure and is extremely reactive. At room temperature, it is a white liquid that is frequently utilized in chemical synthesis as a vital raw material for the synthesis of numerous significant chemicals. Different from benzyl alcohol, benzyl chloride is a flexible molecule that can be used as an intermediate substrate to create a variety of chemicals, including tastes, medications, and colors.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8521

Photographic developers, phthalates, and benzyl cyanide are among the products of benzyl chloride synthesis, in addition to benzyl alcohol and benzyl quats. The anticipated growth in the coatings industry, rising paint sales, and greater government infrastructure spending will all contribute to the benzyl chloride market.

In several nations, benzyl chloride is being utilized more frequently as a precursor to benzyl esters in a variety of applications, including flavorings, plasticizers, and perfumes. In addition, benzyl chloride is being used more frequently in the healthcare and water purification industries.

The demand for benzyl chloride is expected to increase due to the expansion of the coatings sector, which needs benzyl chloride to produce benzyl alcohol. Benzyl chloride use, however, comes with health hazards, including harm to the lungs, skin, eyes, and nervous system. Governments have therefore imposed stringent restrictions on its use, which may somewhat impede market expansion.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

In 2022, the benzyl chloride market was estimated to be worth US$ 93.6 million worldwide.
The demand for benzyl chloride is expected to rise globally between 2023 and 2033 at a compound annual growth rate (CAGR) of 3.5%.
By the end of 2033, the global market is projected to reach US$ 140 million.
In 2023, benzyl alcohol will hold a 50% market share in benzyl chloride worldwide.
71% of the world's benzyl chloride consumption is accounted for by mainland China and India combined.

"The increasing use of benzyl chloride derivatives in a variety of industries, including plasticizers, surfactants, flavors, perfumes, and personal care products, is greatly boosting the compound's demand globally," says a Fact.MR analyst.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐁𝐞𝐧𝐳𝐲𝐥 𝐂𝐡𝐥𝐨𝐫𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Shimmer Chemicals Pvt. Ltd.
The Chemical Company
Henan Haofei Chemical Co
LANXESS
Charkit Chemical Company LLC,
Valtris Specialty Chemicals Limited
Finar Limited
Lanxess India Private Limited

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=8521

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧

Businesses need to come up with fresh approaches to make sure they are providing value in order to remain competitive in the market. Benzyl chloride enterprises need to improve their capabilities in order to hold onto their market share in light of the growing actions of activist investors. These sector giants are aggressively seeking inorganic marketing alliances, such as acquisitions, collaborations, investments, and capacity expansions, to broaden their customer and product base.

Sanctions were placed by the US on four or five members of the notorious Mexican gang CJNG in October 2021. They were in charge of the drug-related activities at the Pacific port, which acted as a crossing point for Asian fentanyl and methamphetamine precursors.
Methamphetamine manufacture requires benzoil chloride, which was made at the port when 50,000 kg of the chemical was seized. These people's arrests put the CJNG's ambitions to control the US synthetic drug trade and grow their organization throughout Mexico in jeopardy.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐁𝐞𝐧𝐳𝐲𝐥 𝐂𝐡𝐥𝐨𝐫𝐢𝐝𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

By Application :
Benzyl Alcohol
Benzyl Cyanide
Benzyl Quaternary Ammonium Compounds
Benzyl Phthalate
Benzyl Ester
Others

By End Use :
Personal Care
Pharmaceuticals
Paints & Coatings
Agrochemicals
Others

By Region :
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global benzyl chloride market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights on the market based on application (benzyl alcohol, benzyl cyanide, benzyl quaternary ammonium compounds, benzyl phthalate, benzyl ester, others) and end use (personal care, pharmaceuticals, paints & coatings, agrochemicals, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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