Benzyl chloride is an organic compound and is also known as alpha-chlorotoluene. It is a highly potent type of starch and is usually found in a clear liquid form. It is also known for its attribute of tearing up the eyes. Over the years, its application pool has grown by leaps and bounds including colouring agents, plasticizers, medicines, cosmetics, and resins. Earlier, benzyl chloride was believed to contain some health risk but progressive regulations and research has uncovered the safe dosage quantities. The diluted form of benzyl chloride is considered safe for consumption. This has enabled its usage in the pharmaceuticals, chemicals, cosmetics, construction, and paints industries. Moreover, the recent explosive demand for benzyl alcohol, a benzyl chloride derivative, has led to fructuous outcomes. These developments have soared the growth prospects of the global benzyl chloride market.
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Broadening Application Pool of Benzyl Chloride By-products to Bode Well for Global Benzyl Chloride Market
The application pool of benzyl chloride is immensely vast. The manufacturing process of benzyl cyanide and benzyl quaternary ammonium compounds extensively utilises benzyl chloride. These compounds have considerable significance across many industries. The growing chemical and pharmaceutical industries in several developed and developing economies are catalysing the demand for benzyl chloride. It is also being used in the coatings industry which is flourishing due to mounting paint sales. Infrastructure development activities are continually gaining momentum due to rapid urbanisation. The cumulative force of these factors is set to provide impetus to the growth of the global benzyl chloride market in the forecast period.
Soaring Demand for Benzyl Alcohol to Skyrocket Benzyl Chloride Market Growth
In the recent past, the demand for benzyl alcohol has gone through the roof across market regions. Benzyl alcohol is the biggest contributor to the consumption of benzyl chloride, accounting for more than half of the total demand. Moreover, benzyl quaternary ammonium compounds, benzyl cyanide, benzyl esters, and benzyl phthalates are also gaining notable traction across industries, thereby contributing to the growth of the global benzyl chloride market. Benzyl alcohol is used in solvents, natural health products, cosmetics, flavourings, and textile products. Such a deep application pool is poised to create profound business possibilities for benzyl chloride and its related compounds in the years to come.
Asia Pacific to Lead in Benzyl Chloride Market in Line with Growing Consumption, and Exports
The Asia Pacific has emerged as the leading market region in terms of revenue share. Key regional economies such as India and China are some of the biggest contributors to benzyl chloride consumption globally. Especially, the use of benzyl chloride to manufacture benzyl alcohol is growing at a tremendous pace. Manufacturing-friendly government norms and the availability of an inexpensive workforce is creating notable demand. The export of locally manufactured benzyl chloride is growing at an encouraging rate. Meanwhile, the growing demand for cosmetics in North America is also leading the regional benzyl chloride market to maturity.
Major Market Players
Some of the leading players in the global benzyl chloride market include Valtris Specialty Chemicals (US), LANXESS (Germany), Shimmer Chemicals Pvt. Ltd (India), KLJ Group (India), Henan Haofei Chemical Co., Ltd (China), The Chemical Company (US), Charkit Chemical Company LLC (US), Henan GP Chemicals Co., Ltd (China), DanyangWanlong Chemical Co., Ltd (China), and JiangyinJianheng Chemical Co., Ltd (China).
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