2,
4-Dichlorobenzyl Alcohol Market Overview to 2023:
2, 4-Dichlorobenzyl Alcohol with a chemical formula C7H6Cl2O
is primarily used as an antiseptic. DCBA is an active ingredient in throat
lozenges such as strepsils, gorpils, and lorsept. Commonly a low pH throat
lozenge contains amylmetacresol and dichlorobenzyl alcohol and considered to
kill various types of viruses. DCBA works as an antimicrobial and find
application such as preservative, insecticide, chemical intermediate, and
others in various end use industries such as agriculture, pharmaceutical, cosmetics
& personal care, general industry, and others.
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Some of the prominent factors that positively influence the
growth of 2, 4-Dichlorobenzyl Alcohol Market are rapid urbanization, booming
healthcare sector, and improving standard of living. Robust demand for
preservatives and increasing developments in cosmetics & personal care
sector is expected to increase the demand for various personal care products,
which in turn, is predicted to propel the growth of the market. Additionally,
rising disposable income coupled with increasing usage of personal care
products to mitigate the harmful effects of pollution, UV rays, and dust are
estimated to fuel the growth of the market. However, availability of other
cheaper cosmetics products is expected to hinder the growth of the market over
the assessment period.
Competitive Analysis:
·
BASF SE
·
Reckitt Benckiser Healthcare International Ltd.
·
Sigma-Aldrich Co. LLC
·
EMKA-Chemie Gmbh & Co. KG
·
Santa Cruz Biotechnology, Inc.
·
Bioxera Pharma Private Limited
·
Benzo Chem Industries Pvt. Ltd.
Market Segmentation: -
The Global 2, 4-Dichlorobenzyl Alcohol Market is segmented on
the basis of application, end use industry, and region. Based on application,
DCBA market is categorized into preservative, insecticide, chemical
intermediate, and others. Based on end use industry, the market is classified
into pharmaceutical, agriculture, cosmetics & personal care, general
industry, and others. Among the application segment, preservative and chemical
intermediate are expected to hold the larger share as compared to others.
Increasing consumption of DCBA in various personal care products such as
shampoo, skin care, hair care, lotion, and other is predicted to fuel the
growth of segment in the upcoming years. Among the end use industries,
pharmaceutical and cosmetics & personal care segment accounts for the
largest market share owing to the wide utilization of antimicrobial and
preservatives. Agriculture segment is expected to be the fastest growing and
exhibiting the highest CAGR during the review period. The growth of this
segment is attributed to the increasing usage of insecticide for crop
protection as well as rising demand for high quality crop production.
Regional Analysis:
North America is estimated to be the largest market for 2,
4-Dichlorobenzyl Alcohol followed by Europe and Asia Pacific on account of
increasing demand from pharmaceutical and cosmetics & personal care sector
among others.Countries of North America and Europe
such as the U.S, Canada, Germany, France, Spain, and the UK are expected to
witness significant growth of the market owing to the expansion of
pharmaceutical and Cosmetics & Personal care sector. Asia Pacific is
expected to grow with the healthy CAGR due to the robust demand for DABC in
emerging economies such as India, China, Thailand, Vietnam, and Malaysia. Latin
America and the Middle East & Africa is predicted to witness moderate
growth owing to average demand for DCBA in personal care products.
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