Global 2,4-Dichlorobenzyl Alcohol Market to Reach USD 45.12 Million by 2031 | CAGR of 4.8%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
2,4-Dichlorobenzyl Alcohol Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the 2,4-Dichlorobenzyl Alcohol Market size was valued at USD 30.90 Million in 2023 and is projected to reach USD 45.12 Million by 2031, growing at a CAGR of 4.8% from 2024 to 2031. 2,4-Dichlorobenzyl alcohol is a chemical compound known for its antimicrobial properties, commonly used in pharmaceuticals and personal care products, such as throat lozenges, mouthwashes, and nasal sprays. The growing awareness of hygiene and infection control in both medical and consumer settings supports the steady growth of this market.
The report comprises the 2,4-Dichlorobenzyl Alcohol Market Share, Size & Industry Analysis, By Purity (98% Purity, 99% Purity, Other Purities), By Application (Preservative, Insecticide, Chemical Intermediate, Others), By End-User Industry (Pharmaceutics, Cosmetics, Agriculture, Food & Beverage, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on 2,4-Dichlorobenzyl Alcohol Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for antimicrobial agents in pharmaceuticals and personal care products is a key market driver, while stringent regulatory standards present a restraint for the market.
Segmental Analysis :
Based on purity, the market is segmented into 98% purity, 99% purity, and other purities.
- 99% purity accounted for the largest share of the market in 2023, driven by its wide application in pharmaceutical and cosmetic products, where high purity is critical for product efficacy and safety.
- 98% purity is expected to grow at the fastest rate during the forecast period, owing to its use in cost-effective agricultural chemicals and industrial applications, where a slight variation in purity does not significantly affect performance.
Based on application, the market includes preservatives, insecticides, chemical intermediates, and others.
- Preservatives dominated the market in 2023 due to the widespread use of 2,4-Dichlorobenzyl Alcohol in pharmaceutical and personal care products to extend shelf life and maintain safety.
- Insecticides are anticipated to register the fastest growth, driven by the increasing demand for effective pest control solutions in agriculture, where 2,4-Dichlorobenzyl Alcohol is valued for its insecticidal properties.
Based on the end-user industry, the market is segmented into pharmaceutics, cosmetics, agriculture, food & beverage, and others.
- Pharmaceutics held the largest market share in 2023, driven by the compound's application in antimicrobial formulations such as antiseptics and throat lozenges.
- Agriculture is projected to grow at the fastest rate, as the need for cost-effective and efficient pest control solutions in crop management continues to rise.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific was the largest market in 2023, with China accounting for the majority share, supported by increasing demand for hygiene products and expanding pharmaceutical manufacturing capabilities.
- North America held a significant market share, driven by the extensive use of 2,4-Dichlorobenzyl Alcohol in throat lozenges and antiseptic products in the U.S.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 45.12 Million |
| CAGR (2024-2031) | 4.8% |
| By Purity | 98% Purity, 99% Purity, Other Purities |
| By Application | Preservative, Insecticide, Chemical Intermediate, Others |
| By End User | Pharmaceutics, Cosmetics, Agriculture, Food & Beverage, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape consists of major pharmaceutical and chemical companies, focusing on product development and innovation to strengthen their position in the 2,4-Dichlorobenzyl Alcohol market.
List of prominent players in the 2,4-Dichlorobenzyl Alcohol Industry:
- BASF SE (Germany)
- Lanxess AG (Germany)
- Nouryon (Netherlands)
- Merck KGaA (Germany)
- Thermo Fisher Scientific Inc. (USA)
- Toronto Research Chemicals Inc. (Canada)
- Alfa Aesar (USA)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- Henan CoreyChem Co., Ltd. (China)
- Santa Cruz Biotechnology, Inc. (USA)
