Analysis of Benzotriazole Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global benzotriazole market is valued at US$ 400 million in 2023 and is set to reach US$ 900 million by 2033, expanding rapidly at a CAGR of 8.4% during the forecast period (2023 to 2033).
Benzotriazole (BTA) is an organic compound that is also known as 1- benzotriazole-3- carboxylate. It is triazole in structure, with an oxygen bridge connecting the two rings. Benzotriazole is a white crystalline substance with a slight odor. Benzotriazole can be manufactured through chemical synthesis or fermentation of microorganisms such as yeast.
It is extensively employed as a metal anticorrosive and UV stabilizer additive in a variety of industrial and commercial applications. Benzotriazole has been shown to be an effective corrosion inhibitor for a wide range of metals and alloys, including copper, brass, solder, steel, aluminum, and cast iron, in applications such as heat exchangers, automatic radiators, and heating systems. Benzotriazole is commonly used as a corrosion inhibitor for copper and copper alloys.
Copper can withstand a wide range of corrosive environments. However, under some conditions, it tarnishes or corrodes, thereby degrading the product standards. In recent years, researchers have demonstrated that benzotriazole can be used to create a tarnish or corrosion management system for copper, bronze, and brass.
Benzotriazole creates a highly bonded chemisorbed two-dimensional barrier coating less than 50 angstroms thick. This insoluble film, which can be a monomolecular layer, safeguards copper and its alloys in different atmospheres, aqueous environments, hydraulic fluids, and lubricants. Benzotriazole also creates insoluble precipitates with copper ions in the solution, preventing steel and aluminum corrosion in other water system areas.
Many researchers investigated the tarnishing of copper and copper alloys in humid settings and the prospect of stain prevention through interaction with triazole-type compounds. They reported the features of commercially available benzotriazole and the reactivity of this class of molecule with copper ions.
The utilization of benzotriazole and other corrosion inhibitors, such as tolutriazole, represents a significant advancement in the quest for corrosion inhibitors. It reveals that the formation of true chemical bonds can achieve efficient inhibition.
Benzotriazole has also been shown to be useful in paints, inks, and pigmented lacquers.
Due to such benefits, Fact.MR, a market research and competitive intelligence provider, predicts that global demand for benzotriazole will grow significantly during the forecast period.
Benzotriazole Market Size in 2023
US$ 400 Million
Projected Market Value (2033)
US$ 900 Million
Global Market Growth Rate (2023 to 2033)
United States Market Value (2022)
US$ 96 Million
Leading Application Segment
Key Companies Profiled
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“Growing Demand for Ultraviolet Stabilizers”
Prolonged exposure of plastics and polymers to UV radiation can result in photo-degradation. The photo-degradation process occurs when a polymer is exposed to UV rays for an extended period, weakening the substance's physical properties, like material strength loss, color change, elongation, and tensile strength properties, or chalking of substances. As a consequence, manufacturers use UV stabilizers to safeguard sensitive components from degradation.
UV stabilizers absorb radiation from the sun or artificial light sources and neutralize the light rays, thereby improving the material's strength by reducing cracks in the products. UV stabilizers are also employed in outdoor and indoor applications such as coating and paint products.
Benzotriazole is widely used as a UV stabilizer. Benzotriazole-based UV stabilizers are used to protect polymers against UV radiation in different industries such as packaging, automotive, and personal care, among others.
Automobile manufacturers are continually looking for new ways to safeguard the external coatings of their automobiles. Benzotriazole-based UV stabilizers serve an important function in preserving automotive coatings from sun exposure. Benzotriazole-based UV stabilizers are essential in reducing the long-term consequences of oxidation and heat. As a result of these reasons, the demand for benzotriazole-based UV stabilizers in automotive is predicted to expand steadily over the forecast period.
“Increasing Usage of Benzotriazole-based UV Stabilizers”
North America is leading the global market for benzotriazole and is projected to continue during the study period. UV light causes harm by breaking chemical bonds or creating mutations that can cause cancer or other diseases; it also damages many electronic device components, rendering them inoperable if exposed for an extended period. As a result, manufacturers in this region are focusing on benzotriazole-based UV stabilizers to safeguard their completed goods from UV radiation exposure.
The United States market garnered US$ 96 million in 2022. The United States is contributing substantially to the regional market due to increased awareness about the negative effects of UV radiation on living beings.
This has increased the use of cosmetic goods containing benzotriazole-based UV stabilizers.
“Rising Sales of PVC Products”
The Asia Pacific market is growing at a rapid pace. Asia Pacific is the leading producer of plastic components used in automotive and packaging. The region also has a well-established automobile manufacturing industry, accounting for around 50% of global manufacturing.
Japan and South Korea are witnessing an increasing demand for benzotriazole due to growing sales of PVC products in these countries.
“Booming Automotive Industry in the Country”
The European market is experiencing considerable growth. Germany is significantly supporting the regional market. The rapidly expanding automotive industry in Germany is increasing the demand for benzotriazole.
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“Superior Performance and Durability Aspects”
Plastic is widely used in industries such as packaging, automotive, and construction, among others. Benzotriazole-based UV stabilizers are employed in the production of clear plastics, which are in high demand in the aforementioned industries due to features such as durability and clarity.
Benzotriazole-based UV stabilizers are employed in outdoor applications due to their superior performance and extensive spectrum coverage in both the UV-A and UV-B regions.
When exposed to UV radiation, plastics such as polycarbonate and polyvinyl chloride deteriorate. UV radiations cause chemical reactions in plastics, resulting in the degradation and loss of chemical and physical qualities, necessitating the use of benzotriazole-based UV stabilizers for quality control.
Key players in the benzotriazole market are focusing on new developments and technologies, strategies, product innovations, and long-term contracts to gain market share. Moreover, the global market is providing numerous opportunities for small manufacturers and startups to develop innovative solutions.
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The global benzotriazole market has reached a valuation of US$ 400 million in 2023.
Worldwide sales of benzotriazole are estimated to hit US$ 900 million by 2033.
Global demand for benzotriazole is expected to rise at a CAGR of 8.4% from 2023 to 2033.
The United States market for benzotriazole was worth US$ 96 million in 2022.
Beijing Wisdom Chemicals, Nanjing Trust Chem, Seiko Chemical, Hangzhou Jingyou Chemical, Nanjing Shenbai Far East Chemica, Rugao Jinling Chemical, and Shivam Chemicals are key manufacturers of benzotriazole.
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