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.