Growing disposable incomes, changing lifestyles and rising demand for sun & skincare products owing to exposure to adverse climatic conditions is likely to accelerate growth of benzalkonium chloride market size.
Sellbyville, DE -- (SBWIRE) -- 04/29/2019 -- The size of Benzalkonium Chloride Market was anticipated as 309 million in the year 2018 and is predicted to touch 1 billion till 2024, rising with a CAGR of 8.7% between the years 2018 to 2024 as per the research done by Global Market Insights, Inc.
Growing demand for medicines to treat lifestyle disorders such as obesity & diabetes, rise in ageing population and significant technological advancement in pharmaceutical sector should stimulate benzalkonium chloride market growth. The product offers high effectiveness as an antimicrobial preservative in eliminating yeast, fungi and bacteria. The product is routinely used in lozenges, contraceptives, surface & hand sanitizers, and wet wipes which is predicted to further boost the market growth.
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These products enhance antistatic properties, paper strength, along with ensuring odor management & slime control pertaining to its microbiocidal properties. Also, improves paper handling thereby ensuring trouble-free operations and preventing downtime on account of paper fouling & breaks, thereby boosting the benzalkonium chloride market demand.
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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