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The global benzyl chloride market is expected to grow at a CAGR of 3% in the forecast period of 2024-2032.
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The Asia Pacific holds a significant market share of benzyl chloride, almost half of the market share in 2019. Due to the high demand for the product in end use industries in this area, such as the rapidly growing pharmaceutical sector and the paint and coating industries, it is expected to continue to lead the market in the forecast period as well. China, India and South East Asia will be the major growth areas of this market. North America is also a major market for benzyl chloride; it held approximately 12% market share in 2019. Various application industries, such as benzyl quaternary ammonium compounds and benzyl cyanide, are expected to witness increased production, thereby driving the regional market of benzyl chloride.
Benzyl chloride is an organic chemical with a pungent, unpleasant characteristic smell that is colourless at room temperature. It is also known as α-chlorotoluene. Benzyl chloride is mainly used as a chemical intermediate, that is, as a substrate for the production of other useful chemicals such as benzyl alcohol, dyes, many important pharmaceutical products and also flavour products.
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The market is segregated in terms of application into:
The market is divided on the basis of end use into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increasing demand for benzyl chloride in the production of alcohol, which in turn is utilized in a vast range of sectors, is a chief driver of the market. The demand for benzyl alcohol in the paints and coating industry, and the expansion of the same throughout the world, thanks to rapid developments, is expected to boost the market in the forecast period as well. Benzoyl peroxide, which is available as an over-the-counter generic medication, is also listed as an essential medicine by the World Health Organization. It finds its use in the skin care industry as it is a crucial ingredient in skin care medication. Benzyl chloride is also used extensively in the plastic industry as it provides many crucial physical properties in the manufacturing phase of plastics. Plastics being a rapidly growing market is also expected to drive the demand for benzyl chloride in the forecast period.
However, benzyl chloride is also a hazardous chemical and poses hazards such as throat infections, breathing problems, and eye irritation. This is expected to hamper the growth of the market to some extent.
The report gives a detailed analysis of the following key players in the global benzyl chloride market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global benzyl chloride market is projected to grow at a CAGR of 3% between 2024 and 2032.
The major drivers of the market include the extensive use in the plastic industry, growing pharmaceutical sector, growing penetration of the product in plasticisers and surfactants, increasing government spending on infrastructure, increasing use of perfumes, and changing lifestyles.
The increasing demand for benzyl chloride in the production of alcohol and the increasing demand for benzyl alcohol in the paints and coating industry are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is segregated in terms of application into benzyl alcohol, benzyl cyanide, benzyl quaternary ammonium compounds, benzyl phthalates, and benzyl ester, among others.
The market is divided on the basis of end-use into personal care, pharmaceutical, paint and coating, and agrochemical, among others.
The major players in the industry are Lanxess AG, Shanghai Xinglu Chemical Technology Co., Ltd, Nippon Light Metal Co., Ltd, Valtris Specialty Chemicals, Hubei Phoenix Chemical Company Limited, and Benzochem Industries Pvt Ltd., among others.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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