Benzyl Alcohol Market Size, Industry Growth, Sales Revenue, COVID-19 Benzyl Alcohol Market Scenario, Opportunity, and Industry Expansion Strategies to 2030
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 report on the Benzyl Alcohol market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Benzyl Alcohol market for the forecast period from 2022 to 2030.
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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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