The global benzyl alcohol market, as estimated by Fact.MR, is expected to grow at a compound annual growth rate (CAGR) of 3.5% between 2023 and 2033, with a market valuation of US$ 97 million.

Chlorotoluene, another name for benzoyl chloride, is an organic molecule that has a chemical structure and is extremely reactive. At room temperature, it is a white liquid that is frequently utilized in chemical synthesis as a vital raw material for the synthesis of numerous significant chemicals. Different from benzyl alcohol, benzyl chloride is a flexible molecule that can be used as an intermediate substrate to create a variety of chemicals, including tastes, medications, and colors.

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Photographic developers, phthalates, and benzyl cyanide are among the products of benzyl chloride synthesis, in addition to benzyl alcohol and benzyl quats. The anticipated growth in the coatings industry, rising paint sales, and greater government infrastructure spending will all contribute to the benzyl chloride market.

In several nations, benzyl chloride is being utilized more frequently as a precursor to benzyl esters in a variety of applications, including flavorings, plasticizers, and perfumes. In addition, benzyl chloride is being used more frequently in the healthcare and water purification industries.

The demand for benzyl chloride is expected to increase due to the expansion of the coatings sector, which needs benzyl chloride to produce benzyl alcohol. Benzyl chloride use, however, comes with health hazards, including harm to the lungs, skin, eyes, and nervous system. Governments have therefore imposed stringent restrictions on its use, which may somewhat impede market expansion.

Key Takeaways from Market Study 

  • In 2022, the benzyl chloride market was estimated to be worth US$ 93.6 million worldwide.
  • The demand for benzyl chloride is expected to rise globally between 2023 and 2033 at a compound annual growth rate (CAGR) of 3.5%.
  • By the end of 2033, the global market is projected to reach US$ 140 million.
  • In 2023, benzyl alcohol will hold a 50% market share in benzyl chloride worldwide.
  • 71% of the world's benzyl chloride consumption is accounted for by mainland China and India combined.

 “The increasing use of benzyl chloride derivatives in a variety of industries, including plasticizers, surfactants, flavors, perfumes, and personal care products, is greatly boosting the compound's demand globally,” says a Fact.MR analyst.

Key Players of Benzyl Chloride Market

  • Shimmer Chemicals Pvt. Ltd.
  • The Chemical Company
  • Henan Haofei Chemical Co
  • LANXESS
  • Charkit Chemical Company LLC,
  • Valtris Specialty Chemicals Limited
  • Finar Limited
  • Lanxess India Private Limited

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Market Competition

Businesses need to come up with fresh approaches to make sure they are providing value in order to remain competitive in the market. Benzyl chloride enterprises need to improve their capabilities in order to hold onto their market share in light of the growing actions of activist investors. These sector giants are aggressively seeking inorganic marketing alliances, such as acquisitions, collaborations, investments, and capacity expansions, to broaden their customer and product base.

  • Sanctions were placed by the US on four or five members of the notorious Mexican gang CJNG in October 2021. They were in charge of the drug-related activities at the Pacific port, which acted as a crossing point for Asian fentanyl and methamphetamine precursors.
  • Methamphetamine manufacture requires benzoil chloride, which was made at the port when 50,000 kg of the chemical was seized. These people's arrests put the CJNG's ambitions to control the US synthetic drug trade and grow their organization throughout Mexico in jeopardy.

Key Segments of Benzyl Chloride Industry

  • By Application :
    • Benzyl Alcohol
    • Benzyl Cyanide
    • Benzyl Quaternary Ammonium Compounds
    • Benzyl Phthalate
    • Benzyl Ester
    • Others
  • By End Use :
    • Personal Care
    • Pharmaceuticals
    • Paints & Coatings
    • Agrochemicals
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Read More: https://www.factmr.com/report/1816/polyetherimide-materials-market

More Valuable Insights on Offer 

Fact.MR, in its new offering, presents an unbiased analysis of the global benzyl chloride market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights on the market based on application (benzyl alcohol, benzyl cyanide, benzyl quaternary ammonium compounds, benzyl phthalate, benzyl ester, others) and end use (personal care, pharmaceuticals, paints & coatings, agrochemicals, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

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