Competitive
Analysis:
The major
players operating in the 2, 4-Dichlorobenzyl Market include BASF SE
(Germany), Reckitt Benckiser Healthcare International Ltd. (UK), Sigma-Aldrich
Co. LLC (U.S.), EMKA-Chemie Gmbh & Co. KG (Germany), Santa Cruz
Biotechnology, Inc. (U.S.), Bioxera Pharma Private Limited (India), Benzo
Chem Industries Pvt. Ltd. (India), and others.
Market
Insights:
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.
Some of the
prominent factors that positively influence the growth of 2, 4-Dichlorobenzyl
Alcohol (DCBA) Insustry 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.
Market
Segmentation: -
The Global 2, 4-Dichlorobenzyl Alcohol (DCBA)
Insustry 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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