The Europe benzyl chloride market was valued at US$ 92.14 million in 2023 and is expected to reach US$ 131.57 million by 2031; it is estimated to record a CAGR of 4.6% from 2023 to 2031 .
Rise in Demand for Benzyl Chloride in Manufacturing Benzyl Alcohol Drives Europe Benzyl Chloride Market
Benzyl chloride is used as an intermediate or substrate for the production of benzyl alcohol. Benzyl alcohol is a colorless liquid with a pleasant aroma and mild fragrance. It is used as a solvent, preservative, fragrance fixative, and intermediate in coatings, color pastes, construction chemicals, fragrances, cosmetics, adhesives, plastics, textile auxiliaries, and agrochemicals. In food and beverages, benzyl alcohol is used in synthetic flavoring agents. The European Union (EU) has approved the application of benzyl alcohol to manufacture flavoring agents used in certain beverages, bakery products, and confectionery. Benzyl alcohol is also used as a preservative, emollient, and moisturizer in cosmetic products such as hair dyes, sunscreens, shampoos, conditioners, skincare products, and other personal care products. It has a mild fragrance and pleasant aroma, making it suitable for use in skincare and haircare products. Benzyl alcohol is a highly valued ingredient in fragrance, perfumery, personal care & cosmetics industries due to its low volatility and low toxicity.
Benzyl alcohol is widely used in various end-use industries and is witnessing massive demand. Thus, the rising demand for benzyl alcohol fuels the requirement for benzyl chloride, significantly propelling the global benzyl chloride market growth.
Europe Benzyl Chloride Market Overview
The demand for benzyl chloride has been steadily increasing in Europe due to its versatile applications across various industries. It is used in the production of pharmaceuticals, dyes, perfumes, polymers, home cleaning products, and agrochemicals. The pharmaceutical industry relies on benzyl chloride as raw material for the synthesis of drugs such as benzylpenicillin and phenobarbital. It is also used in the manufacturing of benzyl alcohol. Europe witnesses a growing interest in utilizing benzyl chloride as a chemical intermediate in green chemistry initiatives, with a rising focus on innovation and sustainability.
Increasing consumer spending and rising population in Europe boost the pharmaceutical and personal care sectors, supporting the growth of the benzyl chloride market in the region. According to the European Federation of Pharmaceutical Industries and Association's Annual Report 2022, the value of production in the research-based European pharmaceutical industry has grown from US$ 118.06 billion in 2000 to US$ 402.05 billion in 2022. Benzyl chloride is used to manufacture various ingredients used in pharmaceutical products, which accelerates its adoption in the growing pharmaceutical landscape across Europe.
As per the Cosmetics Europe – The Personal Care Association, Europe is a global flagship market for cosmetics and personal care products, valued at ~US$ 95 billion at retail sales price in 2022, of which Germany, France, and Italy were the largest cosmetic product markets. Benzyl chloride is used as a preservative in personal care and cosmetics such as shampoo, sunscreens, soaps, body lotions, and hair care solutions. The growing cosmetics sector in Europe boosts the demand for benzyl chloride. Thus, a wide range of applications of benzyl chloride and the growth of end-use industries across Europe drive the benzyl chloride market growth in the region.
Europe Benzyl Chloride Market Revenue and Forecast to 2031 (US$ Million)
Europe Benzyl Chloride Market Segmentation
The Europe benzyl chloride market is categorized into derivative, end use industry, and country.
Based on derivative, the Europe benzyl chloride market is segmented into benzyl quaternary ammonium compounds, benzyl alcohol, benzyl cyanide, benzyl esters, benzyl phthalates, and others. The benzyl alcohol segment held the largest market share in 2023.
In terms of end use industry, the Europe 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 the largest market share in 2023.
By country, the Europe benzyl chloride market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe benzyl chloride market share in 2023.
FUJIFILM Wako Pure Chemical Corp, Lanxess AG, PENTA SRO, Zhengzhou Meiya Chemical Products Co Ltd, Valtris Specialty Chemicals Inc , and Tokyo Chemical Industry Co Ltd are some of the leading companies operating in the Europe benzyl chloride market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe benzyl chloride market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe benzyl chloride market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe benzyl chloride market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook