Benzyl Chloride Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC600

Introduction

Benzyl chloride is an organic compound used as a chemical intermediate in the production of several products across industries. It is prepared by the gas-phase photochemical reaction of toluene with chlorine and is majorly used to change chemical properties of molecules by adding a benzyl functionality to the product. The market for benzyl chloride has witnessed significant growth due to rising demand from various applications such as surfactants, plasticizers and sanitizing agents.

Market Dynamics

The increasing use of benzyl chloride as a precursor of benzyl esters in applications such as plasticizers, perfumes and flavorants and high growth in consumption across economies (China, India, Latin America and Middle East and Africa) is driving the market for benzyl chloride, globally. Increased use of benzyl chloride in water treatment and healthcare industries is expected to change the dynamics of benzyl chloride market in near future. The major challenges restraining the market growth include exposure to health hazards such as skin and eye irritation, lung damage, and severe impact on central nervous system (CNS) as well as stringent government regulations for the usage of benzyl chloride across applications.

Market Classification and Overview

The benzyl chloride market is bifurcated on the basis of type, application, end-use industry, and geography. The different types of benzyl chloride include benzyl alcohol, benzyl cyanide, benzyl quaternary ammonium compounds and benzyl phthalates among others. Benzyl alcohol is the largest market and is most widely used type as it caters to majority of domestic and industrial applications. It is more popularly used type of benzyl chloride due to growth in demand from applications such as perfumes, personal care, pharmaceutical products and solvents. Benzyl quaternary ammonium compounds is projected to witness highest growth among other types of benzyl chloride due to growth in demand from oil & gas applications, personal care, wastewater treatment and increased use in biocides. Based on application, the market is further segmented into plasticizers, flavorants, surfactants, oilfield, sanitizing agents and others. Surfactants accounts for the major value of global consumption of benzyl chloride market and led the global benzyl chloride market followed by plasticizers and sanitizing agents segments. Its growth is driven by increasing demand from end-use industries. Sanitizing agents is projected to witness highest growth owing to the increase in demand for benzyl quaternary ammonium compounds in chemical and sanitation industry. Based on end-use industry, the market is further segmented into food & beverage, healthcare, consumer, water and wastewater treatment and others. Healthcare segment accounts for majority of consumption of benzyl chloride and led the global benzyl chloride market followed by consumer and food & beverage segments. Consumer segment is the fastest growing end use market owing to the increase in demand for benzyl chloride in perfumes, dyes, and personal care applications, globally.

Regional Overview

The market for benzyl chloride is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the major contributors to the growth of benzyl chloride market in 2016. Europe was the second biggest market followed by North America. The market for benzyl chloride in Asia-Pacific is further projected to witness highest growth in coming years owing to the presence of large production facilities of benzyl alcohol and benzyl cyanide in the region. The Europe market for benzyl chloride is likely to grow at a significant rate owing to the increase in demand from healthcare and consumer sectors. Along with the increase in use of benzyl alcohol in applications such as solvents, chemical intermediates and ballpoint pen inks among others in the region.

Report Coverage

Market

Benzyl Chloride Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Type, Application, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Valtris, Lanxess, Monsanto, Gujarat Alkalies and Chemicals, Bayer AG, Hodogaya Chemical, Atochem, and Jiangsu Shuangling Huagong are the key players in the benzyl chloride market. These players involved have adopted the strategies including mergers and acquisitions with local as well as established players.

Market Segmentation

Market By Type

·         Benzyl Alcohol

·         Benzyl Cyanide

·         Benzyl Quaternary Ammonium Compounds

·         Benzyl Phthalates

·         Benzyl Esters

·         Others

Market By Application

·         Plasticizers

·         Flavorants

·         Surfactants

·         Oilfield

·         Sanitizing Agent

·         Others

Market By End-Use Industry

·         Food & Beverage

·         Healthcare

·         Consumer

·         Water and Wastewater Treatment

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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