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Benzalkonium Chloride Market Revenue Worth $1,301.1 Million by 2030 Says P&S Intelligence


Benzalkonium Chloride Market Revenue Worth $1,301.1 Million by 2030 Says P&S Intelligence
NEW YORK, Jan. 27, 2021 /PRNewswire/ Due to the increasing prevalence of acute and chronic diseases, growing geriatric population, and rising disposable income in emerging economies, the worldwide healthcare industry is expanding rapidly. This is expected to be the key factor to take the global benzalkonium chloride market to $1,301.1 million by 2030 from $525.0 million in 2019, at a 9.6% CAGR between 2020 and 2030, according to P&S Intelligence
This is because the compound is widely used as an antiseptic, antimicrobial preservative, solubilizing agent, disinfectant, and wetting agent in contact lens solutions. In addition, the benzalkonium chloride market is growing on account of the usage of this compound as an antimicrobial preservative in aqueous multidose nose, eye, and ear products. ....

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Worldwide Resorcinol Industry to 2025 - Key Drivers and Challenges


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The Global Resorcinol Market is projected to witness a steady CAGR in the coming years and cross USD 1 billion by 2025. The increase in product demand is due to growth of various end-user industries such as rubber & tire industry, pharmaceutical industry, among others. Additionally, rising usage in applications like UV stabilizers, etc., coupled with inherent advantages offered by the chemical is anticipated to add to the growth of the resorcinol market across the globe over the coming years. Moreover, resorcinol is also used to manufacture flame retardants to prevent fires, fungicidal creams & lotions, etc., thereby bolstering the market growth until 2025. ....

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