The latest research report by Emergen Research, named ‘Global Benzyl Alcohol Market - Forecast to 2030’, entails a comprehensive review of the global Benzyl Alcohol Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
The global benzyl alcohol market size was USD 57.20 Million in 2021 and is expected to register a revenue CAGR of 4.2% during the forecast period, according to latest analysis by Emergen Research. Rising demand for benzyl alcohol as an anti-parasite medication and popular preservative in injectable pharmaceutical drugs, growing use of benzyl alcohol in paints and coatings, and growing consumer demand for benzyl alcohol as a preservative in skin creams in place of paraffin are primarily factors driving market growth of the benzyl alcohol market.
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The global market for benzyl alcohol is predicted to increase significantly over the next 10 years due to vast number of industries where the chemical is used as an ingredient, particularly in paint coatings and cosmetics industries. A growing number of people are using commercially produced personal goods that have the chemical as an active element. Additionally, elderly people require ongoing medical assistance in the form of intravenous drugs that contain benzyl alcohol as a preservative.
Benzyl alcohol can be used to make a wide variety of products due to its low toxicity and volatility including paints and coatings, taste and fragrance, personal care items, and pharmaceuticals. Other applications for benzyl alcohol include degreasing, polyamide dyeing, and bonding aid. In addition, benzyl alcohol is increasingly being used in cosmetics and personal care products due to its pleasant flavor and texture, which will rise of benzyl alcohol market's revenue. It is most frequently utilized as an aromatic chemical compound in cosmetics and personal care products due to stable ring-shaped molecule of benzyl alcohol, which is characterized as an aromatic alcohol and is typical of all aromatic compounds. There are numerous medical applications for benzyl alcohol aside from commercial manufacturing procedures, which is a key factor contributing to market revenue growth. FDA has approved the use of lotion containing 5% benzyl alcohol as a therapy for head lice in those older than six months.
Competitive Terrain:
The Global Benzyl Alcohol Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
Hubei Greenhome Materials Technology, Inc., Merck KGaA, Valtris Specialty Chemicals Limited, Finar Limited, Greenfield Global Inc., INEOS Group Ltd., Elan Chemical Company, Inc., Alfa Aesar, Wuhan Youji Industries Co., Ltd., and Lanxess Aktiengesellschaft.
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Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales distribution channels
Market Dynamics:
The report offers insightful information about the market dynamics of the Benzyl Alcohol market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Benzyl Alcohol market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Benzyl Alcohol market.
Emergen Research has segmented the global benzyl alcohol market based on grade, application, end-use and region:
Grade Outlook (Revenue, USD Million; 2019-2030)
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Others
Application Outlook (Revenue, USD Million; 2019-2030)
- Cleaning Agent
- Synthetic Solvent
- Epoxy Resins
- Bacteriostatic Preservatives
- Dielectric Solvent
- Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
- Food Beverages
- Pharmaceutical
- Paints Coatings
- Cosmetics Personal Care
- Others
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Benzyl Alcohol Market:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
What Questions Should You Ask before Buying a Market Research Report?
How is the Benzyl Alcohol-market evolving?
What is driving and restraining the Benzyl Alcohol market?
How will each Benzyl Alcohol submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
How will the market shares for each Benzyl Alcohol submarket develop from 2022 to 2030?
What will be the main driver for the overall market from 2022 to 2030?
Will leading Benzyl Alcohol markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
Who are the leading players and what are their prospects over the forecast period?
What are the Benzyl Alcohol projects for these leading companies?
How will the industry evolve during the period between 2020 and 2030? What are the implications of Benzyl Alcohol projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the Benzyl Alcohol market?
Where is the Benzyl Alcohol-market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
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