Benzyl alcohol is an aromatic alcohol that is used as a solvent for waxes, paints, inks, epoxy resin coatings, etc. The chemical formula for benzyl alcohol is C₆Hâ‚…CHâ‚‚OH. It is somewhat denser than water with a flash point of 194°F. The contact with benzyl alcohol results in skin and eye irritations.
The Global Benzyl Alcohol Market was valued at US$ 220.2 million in the year 2018 and is expected to reach US$ 274.5 million by the year 2023, growing at a CAGR of approximately 4.5%. The global demand for benzyl alcohol has increased substantially due to its increasing usage in various applications such as paints & coatings, pharmaceuticals, and personal care industries. However, the highly toxic nature of benzyl alcohol and restrictive regulations placed by the drug authority is expected to impede the growth of the benzyl alcohol market.
In the manufacturing sector, benzyl alcohol is used as a flavouring and perfumery compound. It plays a vital role in some end-use applications like personal care, pharmaceuticals, and paint and coatings. The main end-use application for benzyl alcohol is the paint and coating application where it is used as a paint stripper. Paint strippers are chemical products used to remove paints, coatings, and finishes from surfaces. Benzyl alcohol is also used in rug cleaning products. The chemical can be used as a dye solvent. Benzyl alcohol enhances the process of dying nylon, leather, and woollen materials.
The paints & coatings application is expected to account for the highest share in the global benzyl alcohol market, whereas the pharmaceutical segment is expected to show significant growth during the forecast period.
By Application
Geographies covered:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of APAC
Rest of The World
Latin America
Middle East & Africa
Key players of the market:
Hubei Greenhome Fine Chemical Co. (China)
Wuhan Biet Co. Ltd. (China)
Ineos AG. (UK)
Finar Limited. (India)
Emerald Performance Materials (USA)
Elan Chemical Company Inc. (USA)
Wuhan Youji Industries Co. Ltd. (China)
Merck KGaA (Germany)
Alfa Aesar (USA)
Pharmco-Aaper (USA)
Lanxess (Germany)
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Benzyl Alcohol Market, 2016-2023, (Units) (US$ Mn)
2.1 Market Snapshot: Global Benzyl Alcohol Market
2.2 Market Dynamics
2.3 Global Benzyl Alcohol Market, by Segment, 2018
2.3.1 Global Benzyl Alcohol Market, by Application, 2018, (Units) (US$ Mn)
2.3.2 Global Benzyl Alcohol Market, by Region, 2018 (Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Benzyl Alcohol Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Benzyl Alcohol Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Rising disposable income results in better lifestyle propels the growth
3.2.2 Driver 2
3.3 Market Restraints
3.3.1 Highly toxic nature
3.3.2 Restrictive regulations of drug authority
3.4 Market Opportunities
3.4.1 Increasing use in various industry verticals
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Benzyl Alcohol Market, by Application
4.1 Market Overview, by Application
4.1.1 Global Benzyl Alcohol Market, by Application, 2016-2023 (Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Application, From 2018-2023
4.2 Personal care
4.2.1 Global Benzyl Alcohol Market, by Personal care, 2016-2023, (Units) (US$ Mn)
4.3 Food & Beverages
4.3.1 Global Benzyl Alcohol Market, by Food & Beverages, 2016-2023, (Units) (US$ Mn)
4.4 Pharmaceutical
4.4.1 Global Benzyl Alcohol Market, by Pharmaceutical, 2016-2023, (Units) (US$ Mn)
4.5 Paints & Coatings
4.5.1 Global Benzyl Alcohol Market, by Paints & Coatings, 2016-2023, (Units) (US$ Mn)
Chapter 5 Global Benzyl Alcohol Market, by Region
5.1 Market Overview, by Region
5.1.1 Global Benzyl Alcohol Market, by Region, 2016-2023, (Units) (US$ Mn)
5.2 Attractive Investment Opportunity, by Region, 2018
5.3 North America Benzyl Alcohol Market
5.3.1 North America Benzyl Alcohol Market, by Application, 2016-2023 (Units) (US$ Mn)
5.3.2 United States Country Profile
5.3.2.1 United States Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.3.3 Canada Country Profile
5.3.3.1 Canada Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.3.4 Mexico Country Profile
5.3.4.1 Mexico Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4 Europe Benzyl Alcohol Market
5.4.1 Europe Benzyl Alcohol Market, by Application, 2016-2023 (Units) (US$ Mn)
5.4.2 United Kingdom Country Profile
5.4.2.1 United Kingdom Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4.3 Germany Country Profile
5.4.3.1 Germany Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4.4 France Country Profile
5.4.4.1 France Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4.5 Italy Country Profile
5.4.5.1 Italy Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4.6 Spain Country Profile
5.4.6.1 Spain Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.4.7 Rest of Europe
5.4.7.1 Rest of Europe Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5 Asia Pacific Benzyl Alcohol Market
5.5.1 Asia Pacific Benzyl Alcohol Market, by Application, 2016-2023 (Units) (US$ Mn)
5.5.2 China Country Profile
5.5.2.1 China Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5.3 Japan Country Profile
5.5.3.1 Japan Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5.4 India Country Profile
5.5.4.1 India Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5.5 South Korea Country Profile
5.5.5.1 South Korea Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5.6 Southeast Asia
5.5.6.1 Southeast Asia Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.5.7 Rest of Asia Pacific
5.5.7.1 Rest of Asia Pacific Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.6 Rest of The World Benzyl Alcohol Market
5.6.1 Rest of The World Benzyl Alcohol Market, by Application, 2016-2023 (Units) (US$ Mn)
5.6.1.1 Latin America Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
5.6.1.2 Middle East & Africa Benzyl Alcohol Market, 2016-2023 (Units) (US$ Mn)
Chapter 6 Competitive Intelligence
6.1 Introduction
6.2 Players Evaluated During the Study
6.3 Market Players Present in Market Life Cycle
6.4 Top 5 Players Comparison
6.5 Market Positioning of Key Players, 2018
6.6 Market Players Mapping
6.6.1 By Application
6.6.2 By Region
6.7 Strategies Adopted by Key Market Players
6.8 Recent Developments in the Market
6.8.1 Mergers & Acquisitions, Partnership, New Product Developments
6.9 Operational Efficiency Comparison by Key Players
Chapter 7 Company Profiles
7.1 Hubei Greenhome Fine Chemical Co.
7.1.1 Hubei Greenhome Fine Chemical Co. Overview
7.1.2 Key Stakeholders/Person in Hubei Greenhome Fine Chemical Co.
7.1.3 Hubei Greenhome Fine Chemical Co. Products Portfolio
7.1.4 Hubei Greenhome Fine Chemical Co. Financial Overview
7.1.5 Hubei Greenhome Fine Chemical Co. News/Recent Developments
7.2 Wuhan Biet Co. Ltd.
7.2.1 Wuhan Biet Co. Ltd. Overview
7.2.2 Key Stakeholders/Person in Wuhan Biet Co. Ltd.
7.2.3 Wuhan Biet Co. Ltd. Products Portfolio
7.2.4 Wuhan Biet Co. Ltd. Financial Overview
7.2.5 Wuhan Biet Co. Ltd. News/Recent Developments
7.3 Ineos AG.
7.3.1 Ineos AG. Overview
7.3.2 Key Stakeholders/Person in Ineos AG.
7.3.3 Ineos AG. Products Portfolio
7.3.4 Ineos AG. Financial Overview
7.3.5 Ineos AG. News/Recent Developments
7.4 Finar Limited.
7.4.1 Finar Limited. Overview
7.4.2 Key Stakeholders/Person in Finar Limited.
7.4.3 Finar Limited. Products Portfolio
7.4.4 Finar Limited. Financial Overview
7.4.5 Finar Limited. News/Recent Developments
7.5 Emerald Performance Materials
7.5.1 Emerald Performance Materials Overview
7.5.2 Key Stakeholders/Person in Emerald Performance Materials
7.5.3 Emerald Performance Materials Products Portfolio
7.5.4 Emerald Performance Materials Financial Overview
7.5.5 Emerald Performance Materials News/Recent Developments
7.6 Elan Chemical Company Inc.
7.6.1 Elan Chemical Company Inc. Overview
7.6.2 Key Stakeholders/Person in Elan Chemical Company Inc.
7.6.3 Elan Chemical Company Inc. Products Portfolio
7.6.4 Elan Chemical Company Inc. Financial Overview
7.6.5 Elan Chemical Company Inc. News/Recent Developments
7.7 Wuhan Youji Industries Co. Ltd.
7.7.1 Wuhan Youji Industries Co. Ltd. Overview
7.7.2 Key Stakeholders/Person in Wuhan Youji Industries Co. Ltd.
7.7.3 Wuhan Youji Industries Co. Ltd. Products Portfolio
7.7.4 Wuhan Youji Industries Co. Ltd. Financial Overview
7.7.5 Wuhan Youji Industries Co. Ltd. News/Recent Developments
7.8 Merck KGaA
7.8.1 Merck KGaA Overview
7.8.2 Key Stakeholders/Person in Merck KGaA
7.8.3 Merck KGaA Products Portfolio
7.8.4 Merck KGaA Financial Overview
7.8.5 Merck KGaA News/Recent Developments
7.9 Alfa Aesar
7.9.1 Alfa Aesar Overview
7.9.2 Key Stakeholders/Person in Alfa Aesar
7.9.3 Alfa Aesar Products Portfolio
7.9.4 Alfa Aesar Financial Overview
7.9.5 Alfa Aesar News/Recent Developments
7.10 Pharmco-Aaper
7.10.1 Pharmco-Aaper Overview
7.10.2 Key Stakeholders/Person in Pharmco-Aaper
7.10.3 Pharmco-Aaper Products Portfolio
7.10.4 Pharmco-Aaper Financial Overview
7.10.5 Pharmco-Aaper News/Recent Developments
Log in / Register
