Pharmaceutical sector to drive benzalkonium chloride market size over 2019-2025
Publisher : Fractovia | Published Date : 2019-07-19Request Sample
Ever expanding application scope of benzalkonium chloride on account of its cost effectiveness will drive the global benzalkonium chloride market. Benzalkonium chloride eliminates the microbes like yeast, fungi, and bacteria and is also less toxic, owing to which it finds a wide range of applications in many industry verticals. The chemical industry is a major beneficiary of benzalkonium chloride market, though the pharmaceutical space has been catching on lately. According to a research report by Global Market Insights, Inc., benzalkonium chloride market size is set to surpass USD 1.05 billion by 2025.
U.S. Benzalkonium Chloride Market Size, By Application, 2018 & 2025, (Kilo Tons)
Benzalkonium chloride (BAC) is increasingly being used as preservative in ophthalmic solutions. The use of preservatives in ophthalmic medications helps to increase the shelf life after bottle unsealing. About 70% of the eye drops consist of BAC to prevent them from spoiling. Other than this, nasal sprays also depend on BAC for preservation. Hence its use as a key ingredient in ophthalmic solution and nasal spray solutions will positively support market growth. As per estimates, BAC market share from preservative applications is predicted to witness gains of more than 5% over 2019-2025.
Apart from preservative and antimicrobial properties, pertaining to the capability of BAC to reduce surface tension, it has become a prominent ingredient of household cleaning products and soaps. It also seems to have replaced Triclosan as the new antibacterial agent in the cosmetic industry because of its low toxicity. It is used in cosmetic products like facial lotions, sunscreens, cleansers, and makeup to prevent them from spoiling. Its extensive use in cosmetics and household cleaning products will help to enhance the benzalkonium chloride industry size.
Benzalkonium chloride not only kills germs but also inhibits their future growth, and for this reason it is frequently used in antiseptic creams and anti-itch ointments. In the coming years, pharmaceutical market share is poised to emerge as a lucrative end-use sector for BAC industry, owing to the product’s usage in products like lozenges, contraceptives, wound cleansers, and wet wipes.
The increasing prevalence of insect bites and rashes along with the rising ageing population sustaining skin complaints from obesity and other lifestyle diseases will significantly aid benzalkonium chloride market trends. The technology advancements in the pharmaceutical industry can help create a new range of products comprising BAC, further helping in widening the benzalkonium chloride industry outlook.
Regionally, North America is poised to emerge as profitable revenue pocket of BAC market over the years ahead. North America benzalkonium chloride market will collect significant revenue from BAC 80 at a CAGR of above 5.5% over the forecast timeframe. The growth can be attributed to the high usage of antiseptics and cleansers in the region for wound cleansing and insect bite treatments. Moreover, BAC is also used as a biocide in the water treatment plants due to its ability to fight against wide spectrum of bacteria. BAC’s increasing use as an algaecide to control algae growth in the swimming pools may support regional market growth over the estimated time period.
The paper industry uses benzalkonium chloride as a general microbicide for slime control & odor management in the pulp mills. Overall, the chemical improves paper handling by granting strength and antistatic properties. According to recent research, the Indian Paper Industry accounts for about 2.6% of the world’s production of paper in 2017. The country is witnessing considerable growth in literacy and lifestyle changes leading to the increased use of paper and tissue in the coming future. On-going development of new economical machinery integrated with technologies will also help the paper industry to flourish. Hence, expanding paper industry across India is likely to accelerate benzalkonium chloride market share over the forecast years.
BAC’s extensive usage in pharmaceutical and chemical industry to manufacture hygiene products and water treatment chemicals – bactericidal, fungicidal, and algacidal will impel benzalkonium chloride market outlook over 2019-2025. Some major players of benzalkonium chloride market include Merck Millipore, Dishman group, Novo Nordisk, Manav Aktteva Biopharma LLP, and Jinshan Jingwei.
