Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for banking industry professionals · Friday, March 29, 2024 · 699,682,000 Articles · 3+ Million Readers

4.26% CAGR | Benzyl Alcohol Market | Strategic Analysis | 2019-2025 | OGAnalysis

Global Benzyl Alcohol Market Volume (Consumption), By Region, in Tons, during 2019

Global Benzyl Alcohol Market Volume (Consumption), By Region, in Tons, during 2019

Global Benzyl Alcohol market is heading towards growth phase with 4.26% CAGR through 2025

SOUTHLAKE, TX, UNITED STATES, October 18, 2019 /EINPresswire.com/ -- Benzyl Alcohol Market continues to grow significantly at 4.26% CAGR between 2019 and 2025. Increasing use of Benzyl Alcohol across various end-user industries along with potential benefits including PH adjusting ability, stability, and others is augmenting the benzyl alcohol consumption rate.

Further, ongoing industrialization and growth in housing sector along with an increase in consumption of paints and coating across emerging countries is set to shape the Benzyl alcohol market value to $391.1Million during 2019.

Strong demand for consumption of personal care and pharmaceutical products is encouraging key market players to target these sectors and are positively impacting the benzyl alcohol market growth.

Request Sample @ https://www.oganalysis.com/sample/212015

However, fluctuating prices of benzyl alcohol, presence of alternative products, and toxic effects associated with excess consumption of benzyl alcohol along are among factors challenging the Benzyl Alcohol market growth.

Key emerging Benzyl Alcohol Market trends shaping the market size during the estimated period

Key cosmetics companies are set to focus on development and launching of new benzyl alcohol-based products with increased shelf life and broad application range to meet the demands of customers.

Further, prominent Benzyl Alcohol manufacturers are set to expand their operations in emerging countries to attain large market share and gain competitive advantages. For example, in 2019, Lanxess, announced its expansion plans for its Indian plant.

Browse Benzyl Alcohol Market Research Report @ https://www.oganalysis.com/industry-reports/212015/benzyl-alcohol-market

On the account of stability, antimicrobial effectiveness, and clearance behavior, the use of benzyl alcohol as a shipping and storage solution for chromatography media is an emerging trend in the market.

Prominence of key applications set to foray the market growth over the forecast period- Pharmaceutical and paints & coatings applications

Large consumption of benzyl alcohol by pharmaceutical manufacturers for drug manufacturing to protect the medicines from bacterial attack shapes the market size over the coming fiscal years. Accordingly, increased need for benzyl alcohol across pharmaceuticals sector is encouraging companies to invest more in the development and production of benzyl alcohol.

Further, approval of benzyl alcohol based medical formulations by WHO, FDA and other regulatory bodies are set to create potential market opportunities. For instance, FDA approves 5% benzyl alcohol lotion for non-neurotoxic head lice treatment in both adults and children.

Besides, demand for benzyl alcohol in drug formulations, large consumption of benzyl alcohol is observed by paints & coatings segment as a curing agent for epoxy resins, as a plasticizer, and as co-catalyst.

Request for Special Discount on Benzyl Alcohol Market report @ https://www.oganalysis.com/discount/212015

Further, Benzyl alcohol market players target the personal care products sector and food processing sectors by offering Benzyl alcohol as a noncarcinogenic preservative, resulting in projecting significant market growth and demand. For instance, Symrise, launched first benzyl alcohol-based preservative blend for personal care in January 2019.

Asia Pacific is set to enter the growth phase with a CAGR of 4.30% through 2025

Asia Pacific dominates the global benzyl alcohol market with a market value of $245.47 million in 2018. Production of benzyl alcohol occurs primarily in China and India charaterized by presence of low manufacturing costs and accounts for more than 70% of the global production.

Key manufacturers in Asia pacific have imminent R&D capabilities for development and expansion of product portfolio as well as to attain large market share. Accordingly, retaining a high degree of competition, the Asia Pacific benzyl alcohol market set to provide numerous growth opportunities for key companies.

However, the substantial need to obtain approvals from regulatory bodies and fluctuating raw material prices are some of the factors that are challenging the benzyl alcohol market players operating in the Asia Pacific region.

R&D investments, expansion of production and product portfolio are key strategies observed by market key players

Benzyl alcohol key market players are investing heavily in R&D to enhance their production capabilities. For instance, in 2019, LANXESS expanded its production capacity for the industrial chemical benzyl alcohol by around 30% for the global market.

In addition, major OEMs are investing in innovative product portfolio. For instance, in 2019, Symrise launched SymOcide BHO, the benzyl alcohol-based preservative blend featuring SymSave H.

Additionally, key companies are gaining competitive edge by introducing new products based on innovative technology. For example, Hubei Greenhome Fine Chemical Co., Ltd, used continuous processing technology and world-class automatic control technology for the production of benzyl alcohol in China.

Key participants operating in the Benzyl alcohol market include Avantor, Inc., Hubei Greenhome Fine Chemical Co. Ltd, Lanxess, Merck KGaA, Gujarat Alkalies, and Chemicals Limited, among others.

Related reports
Benzyl Chloride Market

OGAnalysis-Market Intelligence Platform
Global Oil and gas industry annual subscription from OG ANALYSIS provides access to 11 databases including Exploration, Production, Refinery, LNG, Oil and Chemicals Storage, Pipelines, Market Intelligence, CAPEX, Tankers, small LNG and Trade.

About OG Analysis:
OG Analysis has been a trusted research partner for 10+ years delivering most reliable analysis, information and innovative solutions. OG Analysis is one of the leading players in market research industry serving 980+ companies across multiple industry verticals. Our core client centric approach comprehends client requirements and provides actionable insights that enable users to take informed decisions.

Contact Us:
Anil Kumar
Phone: +91-7337 01 3757
Email: sales@oganalysis.com
Website: https://www.oganalysis.com
Follow Us on LinkedIn: https://www.linkedin.com/company/og-analysis/

Anil Kumar
OG Analysis
+91 73370 13757
email us here

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release