Global Benzyl Alcohol Market Growth 2023-2029

Global Benzyl Alcohol Market Growth 2023-2029

Benzyl alcohol is an aromatic alcohol with the formula C6H5CH2OH. Benzyl alcohol is a colorless liquid with a mild pleasant aromatic odor. It is a useful solvent due to its polarity, low toxicity, and low vapor pressure. Benzyl alcohol has moderate solubility in water (4 g/100 mL) and is miscible in alcohols and diethyl ether. The anion produced by deprotonation of the alcohol group is known as benzylate or benzyloxide.

LPI (LP Information)' newest research report, the “Benzyl Alcohol Industry Forecast” looks at past sales and reviews total world Benzyl Alcohol sales in 2022, providing a comprehensive analysis by region and market sector of projected Benzyl Alcohol sales for 2023 through 2029. With Benzyl Alcohol sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Benzyl Alcohol industry.

This Insight Report provides a comprehensive analysis of the global Benzyl Alcohol landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Benzyl Alcohol portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Benzyl Alcohol market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Benzyl Alcohol and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Benzyl Alcohol.

The global Benzyl Alcohol market size is projected to grow from US$ 240.7 million in 2022 to US$ 306.8 million in 2029; it is expected to grow at a CAGR of 306.8 from 2023 to 2029.

The worldwide market for benzyl alcohol has been growing at a stable step over the years due to the constant demand rising from many end-use productions. The increasing uses of benzyl alcohol in the paints and coatings, foodstuff and drinks, medical, and personal care industries are expected to continue pouring the call for the same over the prediction period.The Pharmaceutical industry is predicted to be the firmest developing section of the end-user in that prediction period. The substantial rise in the usage of benzyl alcohol in the pharmaceutical industries is likely to push this section over the following years. the use of benzyl alcohol as a preservative and flavoring agent will be one of the major factors that will have a positive impact on this growth of the benzyl alcohol market till 2021. Benzyl alcohol is increasingly used as a flavoring agent in the food and beverages industry to increase the shelf life of food products. With the busy lifestyles of people and the shift in food habits, the demand for ready-to-eat meals will increase in the coming years. the Americas is expected to be the major revenue contributor to the market throughout the forecast period on account of growth of the construction industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Benzyl Alcohol market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Industrial Grade
Medical Grade
Cosmetics Grade

Segmentation by application
Paints & Coatings
Food and Beverages
Perfume and Cosmetics
Pharmaceuticals
Inks
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lanxess
Valtris
Eastman
Emerald Kalama
Hubei Greenhome
Luxi Chemical
Wuhan Youji
Hubei Kelin Bolun
KLJ Group
Taile Chemie
Shimmer Chemicals
Nanchang Xinggan
Jiangxi Jinyuantai

Key Questions Addressed in this Report

What is the 10-year outlook for the global Benzyl Alcohol market?

What factors are driving Benzyl Alcohol market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Benzyl Alcohol market opportunities vary by end market size?

How does Benzyl Alcohol break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.