Market Overview:
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 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.
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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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