Benzalkonium Chloride Price Trend

Benzalkonium Chloride Prices December 2023

The price of benzalkonium chloride in the United States for Q4 2023 reached 1875 USD/MT (BAC 80%). The market saw a slight increase in October and November, followed by a decrease in December. The price alteration was primarily influenced by factors like buyer spending, interest rates, and overall market dynamics. The prices were also altered by the availability and supply of raw materials. However, it is crucial to note that during the colder months, seasonal illnesses increase, which contributes to a heightened demand for disinfectants containing BAC.

The price trend for benzalkonium chloride in South Korea reached 1750 USD/MT (BAC 80%) in Q4 2023. The price trend experienced significant changes as there was an upward trend in benzalkonium chloride prices in October and November owing to consistent need and restricted inventory levels. However, the prices declined in December due to lower demand from domestic and overseas market. The user sentiment in South Korea remained subdued with concerns about an economic shutdown impacting purchasing decisions.

Benzalkonium Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Benzalkonium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of benzalkonium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of benzalkonium chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of benzalkonium chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing benzalkonium chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Benzalkonium Chloride Market Analysis

The global benzalkonium chloride market size reached US$ 874.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1,835.4 Million, at a projected CAGR of 8.60% during 2023-2032.

• The increasing employment of benzalkonium chloride as an anti-static and preservative in the production of paints, coatings, and wood treatment solutions is impelling the growth of the market. The Joint Center for Housing Centers of Harvard University (JCHS) stated that home improvement project expenses grew from $328 billion in 2019 to $472 billion in 2022, with an estimated 2024 spending of $485 billion.
• Benzalkonium chloride is as essential compound in water and effluent treatment formulations and algaecides for swimming pools. It helps to maintain the freshness of the water in swimming pools and prevents swimmers from getting rashes and skin conditions. It is extensively used in water treatment procedures to kill various bacteria and fungi as it is not affected by water hardness. The United Nations Environment Programme (UNEP) published an article in 2021 saying that over 3 billion individuals globally are at risk of disease as the water quality of their rivers, lakes, and other sources like groundwater is unknown. This further encouraged governments and regulatory agencies to take proactive measures in water treatment procedures.
• The growing adoption of benzalkonium chloride in the chemical industry as a precipitant, phase transfer catalyst, emulsifier, and de-emulsifier is offering a favorable market outlook.
• The increasing employment of benzalkonium chloride in wood protection is supporting the market growth. Additionally, the global environmental concern among the masses is driving the demand for biodegradable benzalkonium chloride as a replacement of chlorinated biocides. It exhibits effective fungicidal and algaecidal properties and is extremely effective against other pathogens, especially in combination formulations. According to the International Tropical Timber Organization, there will be a substantial increment in wood usage in India by 2030.
• The rising demand for benzalkonium chloride in the textile and leather industry as dye retarders and leather softeners is bolstering the market growth.

Benzalkonium Chloride News

The report covers the latest developments, updates, and trends impacting the global benzalkonium chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in benzalkonium chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the benzalkonium chloride price trend.

Latest developments in the benzalkonium chloride industry:

• March 2024: Actylis and Novo Nordisk Pharmatech A/S entered into a strategic partnership to streamline the distribution of pharmaceutical grade Benzalkonium Chloride (BKC) to the pharmaceutical and medical device markets in Germany, Spain, Portugal, the United Kingdom, and Ireland.

Product Description

Benzalkonium chloride is a specialized chemical compound with widespread applications owing to its broad-spectrum antimicrobial properties. It is capable of disrupting the cellular membrane lipid bilayers of bacteria to compromise cellular permeability and cause cell leakage. It is non-toxic in nature and does not cause any kind of skin irritation or allergic reactions. It is noncorrosive and safe for the eyes, mucous membranes, and respiratory tract.

It is widely utilized in the agriculture sector as a disinfectant to protect the soil and plants from a wide variety of pests. It is also incorporated into various consumer products like shampoo, mouthwash, soaps, toothpaste, and cleaning agents. It is adopted in hospitals and clinics to clean various medical equipment and laboratory instruments. It is a crucial component in wood preservation and protection and in the production of pulp and paper products.

Regional Coverage

The report provides a detailed analysis of the benzalkonium chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the benzalkonium chloride price trend.

Global Benzalkonium Chloride Price

The report offers a holistic view of the global benzalkonium chloride pricing trends in the form of benzalkonium chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of benzalkonium chloride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed benzalkonium chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Benzalkonium Chloride Price

The European region has experienced a fluctuating pricing trend in the concluding quarter of 2023. The increased demand from food and healthcare sectors, higher buyer spending, and reduced market inventories influenced the price trends in the region. However, in December the prices for benzalkonium chloride declined due to the reduced purchasing power of people caused by resurgence of inflationary pressures.

This analysis can be extended to include detailed benzalkonium chloride price information for a comprehensive list of countries.

North America Benzalkonium Chloride Price

In North America, the benzalkonium chloride market faced various challenges due to a decrease in product demand from downstream businesses. The availability of benzalkonium chloride was moderate to high, supported by cost effective imports and sufficient market inventories. However, the limited supply persisted owing to the decrement in imports from key export markets. The market sentiment appeared unstable with a bearish trend due to concerns about economic outlook.

Specific benzalkonium chloride historical data within the United States and Canada can also be provided.

Middle East and Africa Benzalkonium Chloride Price

The report explores the benzalkonium chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on benzalkonium chloride prices for countries can also be provided.

Asia Pacific Benzalkonium Chloride Price

The benzalkonium chloride pricing in the Asia Pacific region experienced stable conditions due to the high demand in sectors like healthcare, food processing, and household cleaning. However, the supply levels were affected by minimum imports, leading to a low to medium supply scenario. The overall market sentiment was positive but there were complications and concerns associated with potential economic slowdown and reduced buyer spending.

This benzalkonium chloride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Benzalkonium Chloride Price

The analysis of benzalkonium chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of benzalkonium chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting benzalkonium chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The benzalkonium chloride price charts ensure our clients remain at the forefront of the industry.