According to Benzyl Alcohol market research report, global market is anticipated to witness a relatively higher growth rate during the forecast period. This market report covers many business strategies such as new product launches, expansions, agreements, partnerships, joint ventures, acquisitions, and others that help to amplify their footprints in the market. The market drivers and restraints have been explained in the report using SWOT analysis. The market share of major competitors on global level is also studied in the world class Benzyl Alcohol report where key areas such as Europe, North America, Asia Pacific and South America are covered in this market research report.
A dependable Benzyl Alcohol market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent. The report studies and evaluates market drivers, market restraints, challenges, opportunities and key developments in the market. It also includes strategic profiling of top players in the market, wide-ranging analysis of their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions which are applicable for the businesses. An all-inclusive Benzyl Alcohol market research report consists of the systematic and comprehensive market research study that provides the facts and figures in the field of marketing.
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Data Bridge Market Research analyses that the global benzyl alcohol market which was USD 3.10 billion in 2022, is expected to reach USD 4.51 billion by 2030, growing at a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Benzyl alcohol (Bn-OH) refers to a sweet-smelling liquor which includes benzene bearing a single hydroxymethyl as a substituent. The liquor is clear, colorless chemical liquid with sharp consuming taste and mellow pleasant aromatic odor which is marginally soluble in water and miscible in diethyl ether and alcohols. They are used as solvent owning to their low toxicity and high vapor pressure. It displays partial solubility in water and highly soluble in alcohol. The product is known to be partial solubility in water and highly soluble in alcohol. Naturally extracted oil from flowers such as jasmine, hyacinth and ylang-ylang is utilized for producing the benzyl alcohol.
Some of the major players operating in the global benzyl alcohol market are:
- Merck KGaA (Germany)
- Thermo Fisher Scientific Inc. (U.S.)
- HUBEI GREENHOME FINE CHEMICAL CO., LTD (China)
- Emerald Performance Materials (U.S.)
- Alfa Aesar (U.S.)
- Gujarat Alkalies and Chemical Limited (India)
- Tata Chemicals Ltd. (India)
- FINAR CHEMICALS (India)
- Elan Chemical (U.S.), INEOS (U.K.)
- Wuhan Biet Co., Ltd. (China)
- Wuhan Youji Industries Co., Ltd. (China)
- Pharmco: Brookfield (U.S.)
- LANXESS (Germany)
- Avantor, Inc. (U.S.)
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Benzyl Alcohol Market Scope
The global benzyl alcohol market is segmented on the basis of purity, grade, application, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Purity
- Purity Higher than 99.5%
- Purity in Between 99-99.5%
- Purity Less than 99%
Grade
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Others
Application
- Dielectric Solvent
- Bacteriostatic Preservative
- Cleaning Agent
- Epoxy Resins
- Synthetic Solvent
- Others
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