The global benzyl alcohol market size is expected to reach USD 87.1 Million in 2030 and register a revenue CAGR of 4.3% over the forecast period, according to a latest report by Reports and Data. Rising demand for benzyl alcohol for skin medication and increasing adoption of benzyl alcohol in paints and coatings are some of the key factors expected to drive market revenue growth during the forecast period. Increasing use of benzyl alcohol in inks and polishes is expected to boost revenue growth of benzyl alcohol market in the near future. Benzyl alcohol helps to eliminate the unpleasant odor from the products and provides mild scent, which has increased its use in wide applications. Benzyl alcohol is also used to improve the texture and consistency of the products, leading to increasing demand for benzyl alcohol. This is expected to drive the revenue growth of the market in the near future. Benzyl alcohol is also useful as a degreasing agent, for dyeing polyamide, and as a bonding agent, increasing demand for benzyl alcohol. This is expected to drive the revenue growth of the market in the near future. Additionally, increasing adoption of benzyl alcohol in paints and coatings is also expected to drive the revenue growth of the market.
However, concerns regarding toxic and harmful effects of benzyl alcohol are some of the factors that could hamper the revenue growth of the market during the forecast period. Excessive use of benzyl alcohol has toxic effects on the health of the consumers. According to Food and Drug Administration (FDA), using benzyl alcohol in infant personal care products could be harmful to their health and life threatening. This may lead to challenges in adopting benzyl alcohol as an ingredient in infant personal care products, which is expected to restrain the revenue growth of the market.
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Market Dynamics
The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel market growth. Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.
Key companies profiled in the report are:
Elan Chemical Company, Inc., Alfa Aesar, Merck KGaA, Valtris Specialty Chemicals Limited, Lanxess India Private Limited, Wuhan Biet Co., Ltd., Finar Limited, Hubei Greenhouse Fine Chemical Co., Ltd., INEOS Group Ltd., and Greenfield Global USA, Inc.
The report offers an extensive summary of the top companies and also provides strategic recommendations for market players and new entrants to provide a competitive edge to the readers. The reports were collected using primary and secondary research methodologies.
Grade Outlook (Revenue, USD Million, Volume, Metric Tons; 2019-2030)
Food Grade
Industrial Grade
Pharmaceutical Grade
Others
Application Outlook (Revenue, USD Million, Volume, Metric Tons; 2019-2030)
Cleaning Agent
Synthetic Solvent
Epoxy Resins
Bacteriostatic Preservative
Others
End-use Outlook (Revenue, USD Million, Volume, Metric Tons; 2019-2030)
Food Beverages
Pharmaceutical
Paints Coatings
Cosmetics Personal Care
Others
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Table of Contents
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Continued…
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