The global benzyl chloride market is expected to grow at a CAGR of 3.00% in the forecast period of 2025-2034.
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.
Rising Demand from End Use Industries in Asia-Pacific to Boost the Market Growth of Benzyl Chloride
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 Market Segmentation
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.Breakup by Application
- Benzyl Alcohol
- Benzyl Cyanide
- Benzyl Quaternary Ammonium Compounds
- Benzyl Phthalates
- Benzyl Ester
- Others
Breakup by End User
- Personal Care
- Pharmaceutical
- Paint and Coating
- Agrochemical
- Others
Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Extensive Application in End Use Industries to Aid the Market Growth of Benzyl Chloride
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.
Key Industry Players in the Global Benzyl Chloride Market
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:- Lanxess AG
- Shanghai Xinglu Chemical Technology Co., Ltd
- Nippon Light Metal Co.,Ltd
- Valtris Specialty Chemicals
- Hubei Phoenix Chemical Company Limited
- Benzochem Industries Pvt Ltd.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Benzyl Chloride Market Analysis
6 North America Benzyl Chloride Market Analysis
7 Europe Benzyl Chloride Market Analysis
8 Asia-Pacific Benzyl Chloride Market Analysis
9 Latin America Benzyl Chloride Market Analysis
10 Middle East and Africa Benzyl Chloride Market Analysis
11 Market Dynamics
13 Price Analysis
14 Competitive Landscape
Companies Mentioned
The key companies featured in this Benzyl Chloride market report include:- Lanxess AG
- Shanghai Xinglu Chemical Technology Co., Ltd
- Nippon Light Metal Co.,Ltd
- Valtris Specialty Chemicals
- Hubei Phoenix Chemical Company Limited
- Benzochem Industries Pvt Ltd.