In this report, Research Reports Inc. covers the present scenario (with the base year being 2017) and the growth prospects of global Benzyl Alcohol market for 2018-2023. Benzyl alcohol formula C6H5CH2OH with an aromatic alcohol. Benzyl alcohol is a colorless liquid with a mild pleasant and 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 an alcohols and diethyl ether. The anion produced by deprotonation of the alcohol group is known as benzylate or benzyl oxide.
The key manufacturers covered in this report:
Emerald Performance Materials, INEOS, LANXESS, Gujarat Alkalies and Chemicals, Merck…
The worldwide market for benzyl alcohol has been growing at a stable step over the years due to the constant demand rising on many end use productions. The increasing uses of Benzyl Alcohol in the paints and coatings, foodstuffs 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 pharmaceuticals industries is likely to push this section over the following year. 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 in flavoring agent in the food and beverages industry to increase the shelf life of food products. With the busy lifestyle of peoples 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.
Segmentation by product type:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Over the next five years, Research Reports Inc. projects that Benzyl Alcohol will register a $$% CAGR in terms of revenue, reach US$$ million by 2023, from US$$ million in 2017.
This report also splits the market by region:
Americas, United States, Canada,Mexico, Brazil, APAC, China, Russia, Spain, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries,
This report presents a comprehensive overview, market shares, and growth opportunities of Benzyl Alcohol market by product type, application, key manufacturers and key regions. To calculate the market size, Research Reports Inc. considered value and volume generated from the sales of the following segments: The report also presents the market competitions landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.