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.
The study aims to provide a forecast of the growth of the Benzyl Alcohol market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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Leading Companies of the Benzyl Alcohol Industry and Profiled in the Report are:
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.
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
Regional Analysis:
The report sheds light on the region expected to dominate the Benzyl Alcohol market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Benzyl Alcohol market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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