Report : North America Benzyl Chloride Market Forecast to 2031 – Regional Analysis – by Derivative (Benzyl Quaternary Ammonium Compounds, Benzyl Alcohol, Benzyl Cyanide, Benzyl Esters, Benzyl Phthalates, and Others) and End-Use Industry (Polymers, Personal Care and Cosmetics, Household Products, Pharmaceuticals, Textiles, Agrochemicals, Paints and Coatings, Water Treatment, Oil and Gas, and Others)
At 4.8% CAGR, North America Benzyl Chloride Market is Projected to be Worth US$ 61.56 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the North America benzyl chloride market was valued at US$ 42.18 million in 2023 and is projected to reach US$ 61.56 million by 2031, recording a CAGR of 4.8% from 2023 to 2031. Rising demand from personal care industry and strategic initiatives by key market players are among the critical factors attributed to drive the North America benzyl chloride market growth.
The demand for personal care products is increasing remarkably with the changing lifestyles of people, rising disposable income, increasing number of working professionals, and rising focus on personal grooming. Moreover, the rising influence of social media and celebrities on people’s lifestyles is driving the demand for various skincare, haircare, and fragrance products. Individuals follow skincare and haircare regimes and use specialized products that help them achieve youthful skin and luscious, beautiful hair.
Benzyl alcohol is an important ingredient used in various personal care products, including shampoos, conditioners, leave-in conditioners, hair serums, skincare products, soaps, and even baby care products. It acts as a preservative in these products and helps extend the shelf life by inhibiting the growth of harmful microbes. It has a mild fragrance with pleasant undertones due to which it finds applications in perfumes and fragrances. It also acts as a fragrance fixative in shampoos, conditioners, and other haircare products. Unlike a few harsh chemicals that can cause scalp irritation, benzyl alcohol is generally well-tolerated by individuals with normal to sensitive skin, making it a milder alternative to other preservatives used in haircare products. The rising demand for personal care products significantly boosts the requirement for benzyl alcohol from the personal care industry. Benzyl chloride is an important precursor for manufacturing benzyl alcohol. Thus, the increasing utilization of benzyl alcohol in the personal care industry is expected to be a significant trend for the benzyl chloride market.
On the contrary, fluctuating raw material prices hampers the growth of North America benzyl chloride market.
Based on derivative, the North America benzyl chloride market is categorized into benzyl quaternary ammonium compounds, benzyl alcohol, benzyl cyanide, benzyl esters, benzyl phthalates, and others. The benzyl alcohol segment held 53.2% market share in 2023, amassing US$ 22.46 million. It is projected to garner US$ 33.07 million by 2031 to register 5.0% CAGR during 2023–2031.
In terms of end use industry, the North America benzyl chloride market is segmented into polymers, personal care and cosmetics, household products, pharmaceuticals, textiles, agrochemicals, paints and coatings, water treatment, oil and gas, and others. The paints and coatings segment held 21.1% market share in 2023, amassing US$ 8.91 million. It is projected to garner US$ 13.29 million by 2031 to register 5.1% CAGR during 2023–2031.
Based on country, the North America benzyl chloride market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.4% share of North America benzyl chloride market in 2023. It was assessed at US$ 36.01 million in 2023 and is likely to hit US$ 52.87 million by 2031, registering a CAGR of 4.9% during 2023–2031.
Key players operating in the North America benzyl chloride market are FUJIFILM Wako Pure Chemical Corp, Lanxess AG, Zhengzhou Meiya Chemical Products Co Ltd, and Tokyo Chemical Industry Co Ltd, among others.
- In May 2023, LANXESS increased its production capacity for benzyl alcohol in Kalama, Washington, USA, due to technical upgrades to expand its customer base in the Americas.
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