Industrial Benzyl Alcohol Market Size, Share & Industry Analysis, By Product type (Liquid, Powder, Solid, Others), By Application Others), By End use (Personal Care, Food & Beverages, Pharmaceutical, Paints & Coatings, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103692 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Benzyl alcohol is a colorless liquid with a faint sweet scent. Due to its polarization, and low viscosity, it is a reliable solvent. Benzoic alcohol is obtained by partial oxidation of toluene and the cycle is facilitated by manganese naphthenate. It can also be obtained from benzyl acetic acid by methanol hydrolysis. This has a fair water solubility and is blended with alcohol and diethyl ether. Benzyl alcohol is used as a solvent for the manufacture of inks, paints, epoxy resins, and paint strippers in various sectors that have fuelled demand in this market. It also acts as density stimulants used on paintwork.

The pharmaceutical as well as personal care sectors have also demonstrated a high appetite for benzyl alcohol. There is an increased application in the pharmaceutical sectors due to an rising geriatric population and the growing occurrence of chronic ailments which would concurrently support the growth of benzyl alcohol products, thereby driving market growth. However, the toxiciy benzyl alcohol and the increasing environmental issues concerning processing and disposal of such goods are anticipated to limit the market growth.

Key Market Driver -

Strong growth pharmaceutical and person care sector drives the market.

Key Market Restraint -

Toxicity of benzyl alcohol coupled with environmental concerns restrict the market growth

Market Segmentation:

Based on product type, the market for global industrial benzyl alcohol is further segmented into liquid, powder, solid, and others. Based on application, the market for global industrial benzyl alcohol is further segmented into соаtіng ѕоlvеnt, ѕtаbіlіzеr, rеѕіn ѕоlvеnt, меdісіnе рrеѕеrvаtіvеѕ and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global industrial benzyl alcohol market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the global industrial benzyl alcohol market includes Emerald Performance Materials LLC, Cargill, Raizen Energia, Green Plains Inc, Cristalco, MGP Ingredients, The Andersons Inc, Sigma Aldrich, Grain Processing Corporation, Greenfield Specialty Alcohols, Flint Hills Resources and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Global Industrial Benzyl Alcohol Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

In terms of Geography, the global industrial benzyl alcoholmarket has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the world's leading commercial benzyl alcohol market. The excess supply for benzyl alcohol in pharmaceutical and cosmetic companies is considered to be a significant thing that influences the industry in the region. North America is seeing a major rise in the industry. The growth of the North American industry can be credited with an increased demand for benzyl alcohol from coatings industry, pharmaceuticals and personal care products. Europe holds a significant share in the market due to the increase in demand from pharmaceutical industries. Middle East and Africa are expected to see steady growth due to increased applications in multiple end-user sectors. Latin America is experiencing fairly slow growth due to the stringent government regulations.

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Segmentation

ATTRIBUTE	DETAILS
By Product type	Liquid Powder Solid Others
By Application	Соаtіng Ѕоlvеnt Ѕtаbіlіzеr Rеѕіn Ѕоlvеnt Меdісіnе Рrеѕеrvаtіvеѕ Others
By End use	Personal Care Food & Beverages Pharmaceutical Paints & Coatings Others
By Geography	North America (USA, Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Global Industrial Benzyl Alcohol Industry Developments

On 20^th November 2019, Greenfield Global Inc., a leading manufacturer and retailer of high-value products, and Hy2gen Canada, a hydrogen-based business company, declared a strategic alliance to manufacture green hydrogen in Québec City. The collaboration will be using the resources of both companies to manufacture and distribute 100% carbon-free green hydrogen, as well as to extend to rapid-growing international markets.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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