Benzyl Chloride Market is expected to reach US$ 670.74 Million by 2031

PRESS RELEASE BY The Insight Partners 12 Jun 2024

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Growing Paints & Coatings Industry Propels Benzyl Chloride Market Growth

According to the latest market study on “Benzyl Chloride Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Derivative and End-Use Industry,” the market was valued at US$ 457.52 million in 2023 and is projected to reach US$ 670.74 million by 2031; it is anticipated to record a CAGR of 4.9% from 2023 to 2031. The report highlights key factors contributing to the benzyl chloride market size and prominent players along with their developments in the market.

Benzyl chloride, a colorless liquid with a sharp odor, is primarily used as an intermediate in the production of various chemicals such as benzyl alcohol, benzyl cyanide, and benzyl acetate. These derivatives find applications in pharmaceuticals, agrochemicals, fragrances and flavor, and other sectors, driving the demand for benzyl chloride. The pharmaceutical industry is a significant consumer of benzyl chloride, utilizing it in the synthesis of pharmaceutical compounds, especially for drugs to treat hypertension, cancer, and infectious diseases. Further, the rise in demand for benzyl chloride for benzyl alcohol production is expected to foster the benzyl chloride market growth during the forecast period.

Benzyl Chloride Market Breakdown – by Region

Benzyl Chloride Market Breakdown – by Region

Benzyl Chloride Market Size, Growth, Share by 2031

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Benzyl Chloride Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Derivative (Benzyl Quaternary Ammonium Compounds, Benzyl Alcohol, Benzyl Cyanide, Benzyl Esters, Benzyl Phthalates, and Others), End-Use Industry (Polymers, Personal Care and Cosmetics, Household Products, Pharmaceuticals, Textiles, Agrochemicals, Paints and Coatings, Water Treatment, Oil and Gas, and Others), and Geography

Paints and coatings are used for decorative purposes and to enhance surface properties such as corrosion resistance, scratch resistance, water resistance, appearance, and adhesion. Paints and coatings are used in various industries, including building & construction, automotive & aerospace, marine, and oil & gas. The paints & coatings industry is witnessing robust growth due to the rising demand from various end-use industries, especially automotive and construction. In the automotive industry, paints and coatings are used to prevent automobiles from corrosion, color fading, acid rain, and other degradation, resulting in a longer vehicle lifespan. Nowadays, automobile manufacturers are opting for lightweight paints and coatings to achieve maximum fuel efficiency and reduce energy and water consumption.

In the construction industry, paints and coatings are used to protect buildings from extreme weather conditions, UV exposure, sunlight, rain, dust, and corrosion. Benzyl chloride is used as a precursor for various chemicals that act as an intermediate in the production of paints and coatings. It is utilized in the synthesis of benzyl esters and benzyl ethers, which are commonly employed as solvents, plasticizers, and additives to modify the properties of paints and coatings. Benzyl chloride also allows the manufacturing of specialty coatings with unique characteristics such as viscosity, adhesion, durability, and enhanced performance. The benzyl chloride market is influenced by the growth of the global paints & coatings industry.

Personal care and cosmetics, household products, pharmaceuticals, textiles, agrochemicals, water treatment, oil & gas, and paints and coatings are the end-use industries that play a crucial role in the benzyl chloride value chain. In the personal care & cosmetics industry, benzyl chloride derivatives are used as fragrance ingredients, preservatives, and solvents (enhance formulation stability) in perfumes, cosmetics, and personal care products. Similarly, benzyl chloride derivatives are utilized in disinfectants; solvents; and specialty chemicals incorporated in cleaning agents, disinfectants, and air fresheners. All these factors are likely to have a positive impact on the benzyl chloride market.

Benzyl chloride-based compounds contribute to the effectiveness and performance of household products, meeting consumer expectations in terms of cleanliness, hygiene, and convenience. In the textiles industry, benzyl chloride-based polymers and chemicals are employed in textile auxiliaries, specialty finishes, and coatings for fabrics. These compounds provide desirable properties such as wrinkle resistance, water repellency, and flame retardancy, enhancing the functionality and performance of textile products in various applications. Further, rising demand from the personal care industry is one of the latest benzyl chloride market trends.

Benzyl chloride is used as an intermediate for the production of benzyl alcohol. Benzyl alcohol is a colorless liquid with a pleasant aroma and mild fragrance. It is used as a solvent, preservative, fragrance fixative, and intermediate in coatings, color pastes, construction chemicals, fragrances, cosmetics, adhesives, plastics, textile auxiliaries, and agrochemicals. In food and beverages, benzyl alcohol is used in synthetic flavoring agents. The European Union (EU) has approved the application of benzyl alcohol to manufacture flavoring agents used in certain beverages, bakery products, and confectionery. Thus, the rising demand for benzyl alcohol fuels the requirement for benzyl chloride, significantly propelling the growth of the global benzyl chloride market.

The benzyl chloride market analysis is carried out by identifying and evaluating key players operating in the market across different regions. FUJIFILM Wako Pure Chemical Corp, Jiangsu Wanlong Chemical Co Ltd, KADILLAC Chemicals Pvt Ltd, Lanxess AG, PENTA SRO, Shimmer Chemicals Pvt Ltd, Zhengzhou Meiya Chemical Products Co Ltd, and Valtris Specialty Chemicals Inc, are among the key players profiled in the benzyl chloride market report.

Benzyl Chloride Market Report Segmentation:

The global benzyl chloride market is segmented on the basis of derivative and end-use industry. Based on derivative, the market is segmented into benzyl quaternary ammonium compounds, benzyl alcohol, benzyl cyanide, benzyl esters, benzyl phthalates, and others. Based on end-use industry, the market is divided into polymers, personal care and cosmetics, household products, pharmaceuticals, textiles, agrochemicals, paints and coatings, water treatment, oil and gas, and others.

Based on derivative, the benzyl alcohol segment accounted for the largest benzyl chloride market share in 2023. Benzyl alcohol is a colorless liquid that is widely used as a solvent. Benzyl alcohol has moderate solubility in water and is miscible in alcohols and diethyl ether. It is compatible with various formulations such as anionic, non-ionic, and cationic. In the European Union, the use of benzyl alcohol as a preservative is limited to 1%. When used as a fragrance in leave-on and rinse-off applications, the percentage is 0.001% and 0.01%, respectively. Benzyl alcohol is used as a bacteriostatic preservative. Benzyl quaternary ammonium compounds are used as disinfectants and sanitizers in healthcare facilities, pharmaceutical manufacturing, food processing, and household cleaning products. It is used as a preservative in personal care products, cosmetics, and pharmaceutical formulations to inhibit the growth of microorganisms, thereby extending the shelf life of these products.

Based on end-use industry, the paints and coatings segment held the largest benzyl chloride market share in 2023. Benzyl chloride is used in the production of resins, which have applications as binders in paints and coatings. Resins such as benzyl ether resins, and epoxy resins contribute to the film-forming properties, adhesion, and durability of coatings. In thermosetting coatings, benzyl chloride serves as a crosslinking agent. Benzyl chloride acts as a solvent in the formulation of paints and coatings, particularly in formulations with a requirement for high solvency. Benzyl chloride and its derivatives have a wide range of applications in sectors such as personal care, cosmetics, and fragrances. These applications include eliminating the unpleasant odor from the products and offering a mild fragrance. Benzyl chloride is also used to enhance the consistency and texture of the products. It is used as a preservative in sunscreens, shampoos, body lotions, soaps, hair care, and other beauty and cosmetic products.

The benzyl chloride market scope is broadly segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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