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2 4 Dichlorobenzyl Alcohol Market Share

ID: MRFR//2962-HCR | 133 Pages | Author: Priya Nagrale| November 2024

In order to gain a competitive advantage and a reasonable share of the 2-4 Dichlorobenzyl Alcohol market under review, companies operating therein use different strategies aimed at achieving a certain portion of market share. Product differentiation is one common strategy employed by these companies. Research is channeled towards discovering unique formulations or improving existing qualities of 2,4-Dichlorobenzyl alcohol so that they can have products with higher efficacy, safety, or other values that will make them more appealing than those produced by competitors. Finally, pricing strategy forms an essential basis for positioning market shares in a given business environment. Some firms choose the cost leadership approach, hence aiming at being the lowest-cost producers in their markets. In this case, they are able to target price-sensitive consumers, thus expanding their customer base further by using competitive pricing practices on their products, which will enable them to attract price-conscious clients who would want low prices on commodities that they buy frequently. On the contrary, premium pricing strategies are used when targeting particular sections of customers who perceive such higher costs as an indication of value-added qualities or even exclusivity due to limited access. It should be noted that maintaining a balance between prices and perceived value enables organizations to dominate over rivals in the 2-4 Dichlorobenzyl Alcohol market.
Distribution channels also influence market positioning. Efficient distribution networks can ensure that products reach consumers promptly and consistently. Companies may establish partnerships with core distributors or retailers, placing their products at key locations. Branding is another crucial part of market share positioning in the 2,4-dichlorobenzyl Alcohol market. Having a strong positive brand can bring about a significant impact on customers' preferences. To create awareness, highlight unique selling propositions, and build trust among consumers, enterprises do marketing and promotional activities for which they invest in so many resources. It would then mean that once a brand has become well-known and reputable, it can be sold at higher prices compared to other brands, thereby enjoying the largest market share since most people often prefer purchasing products from their preferred brands.
On the other hand, strategic alliances and partnerships may be employed as effective strategies to position a product's market share. Partnering with other firms or making strategic alliances gives access to complementary resources, technologies, or markets. Given this synergy, a company is likely to have more presence in the market thus giving an edge over its competitors. Additionally, research institutions can facilitate joint ventures or collaborations with companies to accelerate innovation processes, hence introducing groundbreaking new products that give them a competitive advantage.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation   2023
Forecast Period   2024 to 2032
Growth Rate   Substantial 2030

Global 2, 4-Dichlorobenzyl Alcohol (DCBA) Market Overview


2, 4-Dichlorobenzyl Alcohol (CAS no. 1777-82-8) is considered as a mild antiseptic and they can also kill bacteria and viruses associated with throat and mouth infections. It has a wide utilization scope as a preservative, insecticide, chemical intermediate, and others in numerous end use industries such as agriculture, pharmaceutical, cosmetics & personal care, general industry among others. Moreover, broad range of fungicide and insecticide utilize DCBA owing to its excellent antimicrobial property.


As per our analysis, some of the important market factors and trends identified in the Global 2, 4-Dichlorobenzyl Alcohol Market include increasing incidence of chronic disease, technological advancement in active pharmaceutical ingredients (API) manufacturing, and growing urbanization. Increasing usage in agricultural activities coupled with the rising demand for superior class of crop production is predicted to drive market growth during the forecast period. Increase in the consumption of insecticide owing to increasing awareness among farmers related to effects of insecticide on crop yield is estimated to fuel the growth of the market. Moreover, changing lifestyle, increasing consciousness related to personal hygiene and growing purchasing power of consumers for cosmetics & personal care products in developed and developing countries are predicted to propel the growth of DCBA market during the assessment period. However, stringent regulatory framework regarding the limiting content of 2, 4-Dichlorobenzyl Alcohol in cosmetics & personal care is expected to hamper the demand for DCBA over the forecast period. 


The Global 2, 4 Dichlorobenzyl Alcohol Market Share by Application (2016), (%): 2, 4 Dichlorobenzyl Alcohol Market


Regional Analysis:


The Global 2, 4-Dichlorobenzyl Alcohol Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia Pacific region is estimated to grow at the highest CAGR during the review period on account of expansion of various end use industries such as agriculture, cosmetics & personal care, and general industry among others. The demand for DCBA is predicted to surge in numerous countries of Asia Pacific such as China, India, Japan, Vietnam, and Malaysia owing to increasing consumer base as well as favorable government regulations. Furthermore, increasing purchasing power, availability of low cost raw material, labor & land, and soberly stringent regulatory framework are some of the important factors for the regional DCBA market growth over the forecast period.


North America emerged as the largest market for 2, 4-Dichlorobenzyl Alcohol followed by Europe and Asia Pacific. North America is expected to witness a significant growth in 2, 4-dichlorobenzyl alcohol market due to the strong base for industrial sector coupled with rising investments to revitalize general industry over the forecast period. North American countries such as the U.S. and Canada are among the key contributors to the regional DCBA market growth and are expected to see a significant regional market growth. The U.S accounted for the largest regional market share and is predicted to grow with a healthy CAGR owing to the growth in pharmaceutical sector. In Europe, countries such as Russia, Germany, France, Italy, and the UK have emerged as a prominent consumer market due to developed end use industries and rising expenditure on research and development, and innovation. However, stringent regulation implemented by REACH and EPA are expected to slightly hamper the growth of market in the Europe and North America. Latin American countries such as Mexico, Brazil, and Colombia are also estimated to witness moderate growth owing to the increasing consumer spending on cosmetics products along with the presence of luxury brands associated with cosmetics & personal care products. The Middle East & Africa is predicted to witness a significant growth during the forecast period 2017-2023. Qatar, Oman, Saudi Arabia, and the United Arab Emirates (UAE) are among the major contributors in the regional market growth and is expected to positively influence the industrial growth over the forecast period. Furthermore, the upcoming FIFA world cup in Qatar is expected to boost the sales for cosmetic & personal care products.


Segmentation:


The Global 2, 4-Dichlorobenzyl Alcohol Market is classified on the basis of application, end use industry, and region. On the basis of application, DCBA market is segmented into preservative, insecticide, chemical intermediate, and others. On the basis of end use industry, the market is segmented into pharmaceutical, agriculture, cosmetics & personal care, general industry, and others. On the basis of regions, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the Global 2, 4-Dichlorobenzyl Alcohol Market are BASF SE (Germany), Reckitt Benckiser Healthcare International Ltd. (UK), Sigma-Aldrich Co. LLC (U.S.), EMKA-Chemie Gmbh & Co. KG (Germany), Santa Cruz Biotechnology, Inc. (U.S.), Bioxera Pharma Private Limited (India), Benzo Chem Industries Pvt. Ltd. (India), and others.


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience



  • 2, 4-dichlorobenzyl alcohol manufacturers

  • Traders and distributors of 2, 4-dichlorobenzyl alcohol

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

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