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Europe Benzalkonium Chloride Market Value to Collect $ 215 Mn by 2026
Published Date: 2020-11-11
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According to the Graphical Research new growth forecast report titled “Europe Benzalkonium Chloride Market Size By Type ( Benzalkonium Chloride 80%, Benzalkonium Chloride 30%), By Application (Biocide[ Water Treatment Chemical, Disinfectant, Preservative], Phase transfer Catalyst), By End Use (Food & Beverage, Cosmetics, Polymers & Coatings, Pharmaceuticals, Chemical industry, Pulp & paper, Leather & Textile, Oil & Gas)”, Estimated to Exceed USD 215 Million by 2026.
Europe Benzalkonium Chloride market from food and beverage application is likely to surpass USD 20 million by 2026. Extensive product adoption as sanitizers and cleansing agents in the dairy, livestock industry, and wineries to reduce the growth of microorganisms such as fungi, & bacteria is likely to boost the market demand.
Improvement in living standards and growing consumer awareness of personal hygiene is should foster product demand. Benzalkonium chloride is extensively used in the manufacturing of sunscreens, skin cleansers, shampoos, eye makeup and personal cleanliness items. The product prevents growth and multiplication of microorganisms in cosmetic products due to its antioxidant and disinfectant property,
Benzalkonium chloride market from polymers & coatings end-use should register over 7% gains in the forecast period. The product enhances the shelf life of paint by preventing spoilage during storage and prevents microbial damage to applied paint. Moreover, this product finds wide use in coating biomedical surfaces to reduce the prevalence of hospital associated infections which should promote market growth.
Benzalkonium chloride market size from phase transfer catalyst should surpass USD 45 million in the predicted timeframe. This product is extensively used as an emulsifier, preservative and antiseptic in the manufacture of chemical catalyst for industrial use apart from wastewater treatment in the industry which will promote the market growth in the forecast period.
Germany benzalkonium chloride market size should surpass USD 50 million by 2026 pertaining to rising demand from food and beverage industry and advancement in the formulation of various pharmaceutical products. Also rising technological advancements, increasing geriatric population, and regulating promoting the use of cosmetic and pharma products are expected to foster market growth. Growing demand from the cosmetic, personal hygiene, and healthcare products should stimulate market growth.
European 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.