North America Benzalkonium Chloride Market share was valued at above USD 165 million in 2019 and industry is expected to witness substantial gains at over 8.5% by 2026.
Benzalkonium Chloride is an organic salt quaternary ammonium compound. It has wide applications in healthcare, pharmaceutical, food and beverages, textile oil and gas industry thereby generating a positive impact on the overall market.
Base on concentration, the market is segmented into benzalkonium chloride 80%, and benzalkonium chloride 50%. North America Benzalkonium Chloride 80% market size valued at over USD 125 million in 2019 and is likely to witness significant gains in the forecasted time period. It has a high concentration and excellent antimicrobial property due to this; it has widespread applications in various industries such as food & beverages, polymer coating, pharmaceuticals, leather& textile, pulp & paper, and many more. This will increase the demand for the benzalkonium chloride market.
North America market demand from biocide application may foster substantial gains at over 8.0% by 2026. Benzalkonium Chloride base formulations are used for water and algaecides for swimming pools due to its disinfectant characteristics. Additionally, is used in aquaculture activities to fight against fungi, bacteria, and viruses. Furthermore, it has high water solubility, superior antimicrobial effects owing to this, it is used as an eye drop preservative, to maintain sterility and prevent ocular infection from a contaminated eye. This is likely to drive the North America market.
The food & beverage segment from end-use accounted for significant market share during the forecast timespan. Benzalkonium Chloride is used as a food preservative in the food and beverages industry, it prevents them from contamination and increases the shelf life. Also, Benzalkonium Chloride is primarily used for the preparation of sanitizers, cleansers, and disinfectants which is used in the food and beverage, livestock, dairy, and animal feed formulation sector. This will foster market growth in the coming future.
Rising disposable income, changes in lifestyle, and requirements for personal care and hygiene products will augment the market growth. Apart from this, extensive application demand for cosmetic, skin care products such as shampoo, conditioners, cleansers, lipsticks, eye makeup in the North American countries will boost the market. Furthermore, chemical companies are focusing on the expansion of products portfolio according to consumers' preference. Although, rapid industrialization, technological developments, and the population is the key factor responsible for boosting the market.
North America market share is competitive with key players including Novo Nordisk, Dishman Group, Jinshan Jingwei Chemical, Merck, Millipore, Stepan Company, Quat-Chem, Iwaki Seiyaku, Zhengzhou Meiya Chemical Products, AVA chemicals, Unilab Chemicals, Manav Aktteva Biopharma LLP, and Haihang Industry Co. Ltd.