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Global Benzyl Chloride Market: By Application; By End Use: Personal Care, Pharmaceutical, Paint and Coating, Agrochemical, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Benzyl Chloride Market Outlook
The global benzyl chloride market is expected to grow at a CAGR of 3% in the forecast period of 2023-2028.
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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.
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The market is segregated in terms of application into:
- Benzyl Alcohol
- Benzyl Cyanide
- Benzyl Quaternary Ammonium Compounds
- Benzyl Phthalates
- Benzyl Ester
- Others
The market is divided on the basis of end use into:
- Personal Care
- Pharmaceutical
- Paint and Coating
- Agrochemical
- Others
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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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
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region |
| Breakup by Application | Benzyl Alcohol, Benzyl Cyanide, Benzyl Quaternary Ammonium Compounds, Benzyl Phthalates, Benzyl Ester, Others |
| Breakup by End Use | Personal Care, Pharmaceutical, Paint and Coating, Agrochemical, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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 |
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| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Benzyl Chloride Market Analysis
8.1 Key Industry Highlights
8.2 Global Benzyl Chloride Historical Market (2018-2022)
8.3 Global Benzyl Chloride Market Forecast (2023-2028)
8.4 Global Benzyl Chloride Market by Application
8.4.1 Benzyl Alcohol
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Benzyl Cyanide
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Benzyl Quaternary Ammonium Compounds
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Benzyl Phthalates
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Benzyl Ester
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Benzyl Chloride Market by End Use
8.5.1 Personal Care
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmaceutical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Paint and Coating
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Agrochemical
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Benzyl Chloride Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Benzyl Chloride Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Benzyl Chloride Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Benzyl Chloride Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Benzyl Chloride Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Benzyl Chloride Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Lanxess AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Shanghai Xinglu Chemical Technology Co., Ltd
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nippon Light Metal Co.,Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Valtris Specialty Chemicals
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Hubei Phoenix Chemical Company Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Benzochem Industries Pvt Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Benzyl Chloride Market: Key Industry Highlights, 2018 and 2028
2. Global Benzyl Chloride Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Benzyl Chloride Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Benzyl Chloride Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Benzyl Chloride Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Benzyl Chloride Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Benzyl Chloride Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Benzyl Chloride Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Benzyl Chloride Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Benzyl Chloride Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Benzyl Chloride Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Benzyl Chloride Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Benzyl Chloride Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Benzyl Chloride Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Benzyl Chloride Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Benzyl Chloride Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Benzyl Chloride Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast (2018-2028)
19. Europe Historical Price Trends and Forecast (2018-2028)
20. Asia Pacific Historical Price Trends and Forecast (2018-2028)
21. Latin America Historical Price Trends and Forecast (2018-2028)
22. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
23. Global Benzyl Chloride Market Structure
Key Questions Answered in the Report
The global benzyl chloride market is projected to grow at a CAGR of 3% between 2023 and 2028.
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.
Analyst Review
The global benzyl chloride market was driven by the increasing demand for benzyl chloride in the production of alcohol in the historical period. Aided by extensive use in the plastic industry and increasing demand for benzyl alcohol in the paints and coating industry, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 3%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 regional markets for benzyl chloride are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 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.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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