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.
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.
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The report provides a thorough estimation of the overall impact of the pandemic on the Benzyl Alcohol Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Benzyl Alcohol Market .
Key players in the market include
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.
The report aims to provide a complete analysis of the global Benzyl Alcohol Market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Benzyl Alcohol Market , including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
Some Key Highlights from the Report
The paints & coatings segment is expected to grow at a steady CAGR during the forecast period. Benzyl alcohol functions as a solvent and is an ingredient in lacquers, paints, epoxy resin coatings, and inks. Benzyl alcohol is the active component of several paint strippers because it works well as a solvent for coatings including paint, shellac, and lacquer. In addition, benzyl alcohol is a powerful solvent that is free of dangerous air pollutants when coupled with a viscous material to assist it adhere to coatings.
Paint strippers that don’t include Hazardous Air Pollutants (HAPs), such as methylene chloride paint strippers, are being replaced with benzyl alcohol and benzyl alcohol blends. In particular, it has been discovered that benzyl alcohol works well on standard aviation coatings (e.g., epoxy primer and polyurethane topcoat). These are major factors driving revenue growth of this segment.
The epoxy resins segment accounted for a significant revenue share in 2021. In compositions comprising cured epoxy, benzyl alcohol is a typical nonreactive ingredient. Benzyl alcohol is a key element in many chemical compounds used in the construction industry. It is utilized in paint strippers, epoxy resin systems, and cleaning products having a stripping effect due to its lower volatility and relatively high boiling point of 205 °C.
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Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Benzyl Alcohol Market , with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Benzyl Alcohol Market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
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
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Benzyl Alcohol Market ?
What are the key product types and applications of the Managing carbon footprint industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
What is the competitive landscape of the Benzyl Alcohol Market ?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
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