Europe Benzalkonium Chloride Market growth was valued at above USD 135 million in 2019 and industry is expected to witness substantial gains of 8% by 2026.
Benzalkonium chloride (BACs) is an organic salt, classified as a quaternary ammonium chemical compound. It is used as an antiseptic in healthcare, personal care, household, pharmaceuticals and industrial products due to its antimicrobial properties against fungi, bacteria and viruses.
Based on type, the market is segmented into benzalkonium chloride 80% and benzalkonium chloride 50%, according to chemical concentration present in the compound. Benzalkonium chloride 50% should register over 8.5% gains by the end of the forecast periods, owing to its widespread applications as a disinfectant, antiseptic and preservative in various drugs and personal care products. Moreover, extensive product usage in industrial waste treatment, sugar, pulp and paper industry, food and beverages industry as a preservative should boost benzalkonium chloride market growth in Europe.
Biocide application of benzalkonium chloride, includes water treatment chemical, disinfectant, and preservative applications collectively valued over USD 100 Million in 2019 in Europe. Benzalkonium chloride is used in ophthalmology as a preservative in eye drops owing to its ability to lyse cell membranes, and killing microorganisms. Furthermore, due to it disinfecting property against fungi, bacteria and virus, it is extensively used in personal care, household, hospitals and large scare industries.
In Europe, revenue from chemical industry was over USD 35 million in 2019 which shows potential growth opportunity for Benzalkonium chloride market growth in the predicted period. Pharmaceuticals sector should register gains of 8.5% by 2026 pertaining to its antiseptic and disinfectant property which enhances product adoption in medicines, nasal sprays and ear drops. Benzalkonium chloride also finds widespread usage in the formulation of industrial disinfectants, cleanser or sanitizers for hospitals, livestock, food & dairy and personal hygiene sector.
UK benzalkonium chloride market size is predicted to surpass USD 40 million by 2026. The product is extensively used as a solubilizing agent and wetting agent in various pharmaceutical formulations, and slime and odor management in pulp & paper industry. It is also used as a preservative in cosmetic products such as lipsticks, sun screen lotions, shampoos, eye makeup products which promote benzalkonium chloride market growth in cosmetics sector.
Rising technological advancement, and development in pharmaceuticals and healthcare sector in Europe, is one of the key factors to propel the market growth for Benzalkonium chloride market. Significant number of patients in the region’s healthcare sector owing to the presence of a substantial aging population segment along with tremendous upsurge in coronavirus cases in early 2020 have increased the requirement for sanitization.
Europe benzalkonium chloride market share is competitive with key players including Merck Millipore, Stepan Company, Quat-Chem, Iwaki Seiyaku, Kao Chemicals, Novo Nordisk, Zhengzhou Meiya Chemical Products, Haihang Industry Co. Ltd., TNJ Chemicals, Dishman Group, AVA Chemicals, Jinshan Jingwei Chemical/Taiko Palm-Oleo, Unilab Chemicals, Shadong Taihe, and Manav Aktteva Biopharma LLP.