2,4-Dichlorobenzyl Alcohol Market - Forecast(2023 - 2028)

Report Code: CMR 1411 Report Format: PDF + Excel

2,4-Dichlorobenzyl Alcohol Market Overview

2,4-Dichlorobenzyl Alcohol Market size is forecast to reach US$40.3 million by 2026, and is growing at a CAGR of 4.3% during 2021-2026. Dichlorobenzyl Alcohol is a mild antiseptic with a broad spectrum for bacterial and virus associated with mouth and throat infections. Dichlorobenzyl Alcohol is considered as a Preservative, Insecticide and active ingredient found in several marketed OTC (Over the Counter) products by Health Canada which has categorized this agent as an anatomical therapeutic chemical. Dichlorobenzyl alcohol is categorized by the FDA (Food and Drug Administration) in the inactive ingredient for approved drug products as a chemical Intermediate. It is used in Personal care products, including cosmetics, shampoos, perfumes, soaps, and others. Thus the various uses in Pharmaceutical and Cosmetics products portoflio is going to grow the 2,4-Dichlorobenzyl Alcohol Market in the forecast period.

COVID-19 Impact

Due to the COVID-19 most of the manufacturing plants were shut down, which declined the production of raw materials of 2,4-Dichlorobenzyl Alcohol. Also, due to disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption consumer goods. However, due to the global health crisis, the demand of pharmaceutical products such as Anticeptic and other drugs increased which helped the 2,4-Dichlorobenzyl Alcohol market sustain during the pandemic. The manufacturing companies gradually started operating with minimum workforce and supply chain is gradually returning to normalcy. The market will gradually gain momentum with consistent rise of demand of the Pharmaceutical products in the forecast period.

Report Coverage

The report: “2,4-Dichlorobenzyl Alcohol Market – Forecast(2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of 2,4-Dichlorobenzyl Alcohol Market.

By Type:  Preservative, Insecticide, Chemical Intermediate.
By Application:  Pharmaceutical, Personal Care and Cosmetics, Agriculture, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa). 

Key Takeaways

  • Asia-Pacific dominates the 2,4-Dichlorobenzyl Alcohol market, owing to the increasing Pharmaceutical and cosmetics industry in the region.
  • China's pharmaceutical market will be an increasingly important source of growth for foreign drug companies through 2023, according to a report from credit rating agency Moody's.
  • According to Invest India, India is a prominent and rapidly growing presence in the global pharmaceuticals industry. It is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume, and also supplies 62% of global demand for vaccines.
  • India has the second-highest number of US FDA approved plants outside the US. India is the largest provider of generic drugs globally. Indian medicines are preferred worldwide, thereby rightly making the country the “Pharmacy of the World".
  • With a rapidly growing Pharmaceutical Industry in Asian countries and with rising population the demand increases and hence 2,4-Dichlorobenzyl Alcohol market is also projected to grow.

Figure: North America2,4-Dichlorobenzyl Alcohol Revenue, 2020-2026 (US$ Billion)

2,4-Dichlorobenzyl Alcohol Market

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2,4-Dichlorobenzyl Alcohol Market Segment Analysis – By Type

Chemical Intermediate segment held the largest share of 37% in the 2,4-Dichlorobenzyl Alcohol market in 2020. Pharmaceutical intermediates are fine chemicals of intermediate compounds that are produced in the process of manufacturing Active Pharmaceutical ingredients (APIs). Intermediates are the by-products of reactions in the API production process. Each reaction during the production process may produce several intermediates depending on the analysis, and these intermediates can serve as precursors to other active pharmaceutical ingredients. The conversion of intermediates to active ingredients can be achieved through further refinement processes. Like APIs, intermediates can also be used in bulk drugs for therapeutic purposes by using 2,4-Dichlorobenzyl Alcohol as a chemical intermediate.

2,4-Dichlorobenzyl Alcohol Market Segment Analysis – By Application

Pharmaceutical segment held the largest share in the 2,4-Dichlorobenzyl Alcohol market in 2020 and is growing at a CAGR of 10.5% during 2021-2026. 2, 4-Dichlorobenzyl Alcohol with a chemical formula C7H6Cl2O is primarily used as an antiseptic. Dichlorobenzyl Alcohol (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 is considered to kill various types of viruses. DCBA works as an antimicrobial and finds application such as preservative, insecticide, chemical intermediate, and others. Diseases are mainly caused by viruses, bacteria, and germs, which thrive in unhealthy home environments and unhygienic toilets, latrines, and kitchens. The application of antiseptic and disinfectant solutions is, therefore, an essential requirement to maintain home cleanliness. Such solutions prevent the growth of harmful bacteria and viruses, reducing the chance of acquiring these diseases. Hence, an increase in awareness about home cleanliness is anticipated to propel the 2,4-Dichbenzyle Alcohol market for antiseptics and insecticide over the forecast period.

2,4-Dichlorobenzyl Alcohol Market Segment Analysis – By Geography

North America region held the largest share in the 2,4-Dichbenzyle Alcohol market in 2020 up to 43%, owing to the accelerating Pharmaceutical industries in the region. According to European Federation of Pharmaceutical Industries and Association(EFPIA) 2020, the pharmaceutical market is anticipated to more than double to US$1.3 trillion, with the E7 countries such as Brazil, China, India, Indonesia, Mexico, Russia and Turkey accounting for one-fifth of global pharmaceutical sales. According to IQVIA, Brand spending in developed markets will increase by $298 billion in the 5 years to 2020 driven by new products and price increases primarily in the U.S., China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach US$161.8 billion by 2023, taking a 30% share of the global market. China is the world's second-largest pharmaceutical market followed by India. China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach US$161.8 billion by 2023. The Pharmaceutical industry in India is the 3rd largest in the world in terms of volume and14th largest in terms of value. The Pharmaceutical sector currently contributes to around 1.72% of the country’s GDP. Pharmaceuticals industry is expected to reach US$ 65 billion by 2024, and US$ 120-130 billion by 2030. Due to huge investment in Pharmaceutical industry the 2,4-Dichlorobenzyl Alcohol Market is projected to grow in the forecast period.

2,4-Dichlorobenzyl Alcohol Market Drivers

Increasing use of Personal care Products

According to Cosmetics Europe, It is estimated that the cosmetics and personal care industry brings at least US$32.1 billion in added value to the European economy annually. US$12.1 billion is contributed directly by the manufacture of cosmetic products and US$20 billion indirectly through the supply chain. The growth of the market is driven by rising disposable income, increasing demand for clean and sustainable ingredients, and expanding online and offline distribution channels for personal care products. Consumers are becoming more aware of the importance of hydrating, moisturizing, and anti-aging ingredients in their care products; thus, companies invest in research and development (R&D) and innovate to meet consumers’ requirements. As 2,4-Dichlorobenzyl Alcohol finds its application in Personal care products, the growth of personal care market will drive the 2,4-Dichlorobenzyl Alcohol Market.

Increasing use of Insecticide and Pesticides in Agriculture

2,4-Dichlorobenzyl Alcohol is used to prepare Insecticides which are chemicals that destroy or inhibit specific developmental stages of insects. They play a vital role in an Integrated Pest Management plan. According to Researchgate, Approximately, 2 million tons of pesticides are utilized annually worldwide, where China is the major contributing country, followed by the USA and Argentina, which is increasing rapidly. However, by the year 2020, the global pesticide usage has been estimated to increase up to 3.5 million tonsHumans have attained important benefits from many uses of insecticides, including, increased yields of crops because of protection from defoliation and diseases, prevention of much spoilage of stored foods, and prevention of certain diseases, which conserves health and has saved the lives of millions of people and domestic animals. Pests destroy an estimated 37% of the potential yield of plant crops in North America. Some of this damage can be reduced by the use of insecticides. Hence due to the rising use of Insecticide, in Agriculture, the 2,4-Dichlorobenzyl Alcohol market is also projected to grow in the forecast period.

2,4-Dichlorobenzyl Alcohol Market Challenges

Hazards due to Overdose

It is advised to avoid medicines that include 2,4-Dichlorbenzyle alcohol If allergic, and have an intolerance to certain sugars such as fructose, glucose-galactose and sucroseisomaltose. Intolerance would lead from conditions such as deficiency of the enzyme fructose – 1-phosphate aldolase (leading to fructose intolerance), glucose-galactose malabsorption and sucrose-ismoaltase deficiencies. Overdosing of 2,4-Dichlorobenzyl Alcohol can lead to  Eye damage, Acute Toxicity, and Aquatic Chronic Problems.

2,4-Dichlorobenzyl Alcohol Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 2,4-Dichlorobenzyl Alcohol market. 2,4-Dichlorobenzyl Alcohol market top companies include:

  1. BASF SE
  2. Reckitt Benckiser Healthcare International Ltd.
  3. Sigma-Aldrich Co. LLC
  4. EMKA-Chemie Gmbh & Co. KG
  5. Santa Cruz Biotechnology, Inc.
  6. Bioxera Pharma Private Limited
  7. Benzo Chem Industries Pvt. Ltd., and others.

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1. 2,4-Dichlorobenzyl Alcohol Market- Market Overview
    1.1 Definitions and Scope
2. 2,4-Dichlorobenzyl Alcohol Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends byApplication
    2.3 Key Trends by Geography
3. 2,4-Dichlorobenzyl Alcohol Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. 2,4-Dichlorobenzyl Alcohol Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. 2,4-Dichlorobenzye Alcohol Market– Industry Market Entry Scenario PremiumPremium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful VentureProfiles
    5.4 Customer Analysis – Major companies
6. 2,4-Dichlorobenzyl Alcohol Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. 2,4-Dichlorobenzyl Alcohol Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. 2,4-Dichlorobenzyl Alcohol Market – By Type Market Size -US$ Million/Billion)
    8.1 Preservative
    8.2 Insecticide
    8.3 Chemical Intermediate
    8.4 Others
9. 2,4-Dichlorobenzyl Alcohol Market – By Application(Market Size -US$ Million/Billion)
    9.1 Pharmaceutical
    9.2 Personal Care and Cosmetics
    9.3 Agriculture
    9.4 Others
10. 2,4-Dichlorobenzyl Alcohol Market – By Geography(Market Size -US$ Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. 2,4-Dichlorobenzyl Alcohol Market– Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. 2,4-Dichlorobenzyl Alcohol Market–Industry/Segment Competition LandscapePremium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category- Major companies
13. 2,4-Dichlorobenzyl Alcohol Market – Key Company List by Country Premium Premium
14. 2,4-Dichlorobenzyl Alcohol MarketCompany Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"