Benzotriazole Market - By Type (Tolyltriazole, Methylbenzotriazole, Hydroxybenzotriazole), By Form, By Application (Plastics, Water Treatment, Pharmaceuticals, Polymer Stabilizers, Antifreeze and Coolants, Others) & Forecast, 2024

Description

The Benzotriazole Market size will record over 8.6% CAGR during 2024-2032, driven by the escalating demand from water treatment applications. According to WHO, in 2022, globally, over 1.7 billion people relied on drinking water sources contaminated with fecal matter. Benzotriazoles are widely recognized for their effectiveness in inhibiting scale formation and controlling corrosion in water systems such as cooling towers and boilers. With stringent regulations governing water quality and the increasing emphasis on sustainable water management practices, the demand for benzotriazoles in the water treatment sector is experiencing robust growth.

Furthermore, as industries such as automotive, aerospace, and metalworking prioritize asset protection and maintenance cost reduction, the demand for benzotriazoles as effective corrosion inhibitors continues to rise. The ongoing advancements in corrosion protection technologies and the expanding industrial applications worldwide will shape the market outlook in the coming years.

The benzotriazole industry is classified based on type, form, application, and region.

The hydroxybenzotriazole segment will witness a significant demand through 2032, due to superior UV stabilizing properties. It is extensively used in coatings, plastics, and personal care products to enhance UV resistance, thereby prolonging their durability and performance. The demand for hydroxybenzotriazole is expected to surge as industries seek advanced solutions to protect products from UV-induced degradation, adding to the market value.

The water treatment application segment will expand at a decent pace through 2032, as benzotriazoles are effective in inhibiting scale formation and controlling corrosion in water systems, including cooling towers and boilers. With increasing regulations on water quality and environmental sustainability, the demand for benzotriazoles in water treatment applications is on the rise. This trend is poised to bolster market growth as industries prioritize efficient water management solutions.

Europe benzotriazoles industry will exhibit a robust growth trend through 2032, driven by stringent environmental regulations and a robust industrial base. Countries like Germany, France, and the UK are witnessing substantial demand for benzotriazoles across various end-user industries. The region's proactive approach towards sustainability and technological advancements in corrosion protection and UV stabilization are contributing to market expansion in Europe.

Product Code: 9393

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary Sources
- 1.4.2 Data mining Sources
  - 1.4.2.1 Paid Sources
  - 1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 Industry 360-degree synopsis
2.2 Type trends
2.3 Form trends
2.4 Application trends
2.5 Regional trends

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
  - 3.3.2.1 Sustainable manufacturing
    - 3.3.2.1.1 Green practices
    - 3.3.2.1.2 Decarbonization
- 3.3.3 Sustainability in raw materials
- 3.3.4 Raw material pricing trends (USD/Ton)
  - 3.3.4.1 U.S.
  - 3.3.4.2 European Union
  - 3.3.4.3 UK
  - 3.3.4.4 China
  - 3.3.4.5 Southeast Asia
  - 3.3.4.6 GCC
3.4 Regulations & market impact
3.5 Trade statistics
3.6 Unmet needs
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Type, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Tolyltriazole
5.3 Methylbenzotriazole
5.4 Hydroxybenzotriazole

Chapter 6 Market Size and Forecast, By Form, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 Powder
6.3 Granule
6.4 Liquid

Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Plastics
7.3 Water treatment
7.4 Pharmaceuticals
7.5 Polymer stabilizers
7.6 Antifreeze and Coolants
7.7 Others (Oil and Gas Industry, Corrosion Inhibitors, Organic Synthesis)

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Beijing Wisdom Chemicals
9.2 Chemical Scientific Centre
9.3 Hangzhou Jingyou Chemical
9.4 Innova Corporate
9.5 Nanjing Shenbai Far East Chemical
9.6 Nanjing Trust Chem
9.7 Nantong Botao Chemical
9.8 Rugao Jingling Chemical
9.9 Seiko Chemical
9.10 Shivam Chemicals

Benzotriazole Market - By Type (Tolyltriazole, Methylbenzotriazole, Hydroxybenzotriazole), By Form, By Application (Plastics, Water Treatment, Pharmaceuticals, Polymer Stabilizers, Antifreeze and Coolants, Others) & Forecast, 2024 - 2032