NEW
YORK, July 1, 2022 /PRNewswire/ -- The
global benzyl alcohol market size is expected to increase by
18.5 thousand units, expanding at a CAGR of 2.48% during the
forecast period. According to the report, the market will observe
significant growth in APAC. The growth of the pharmaceutical
industry in countries such as China, India,
and Japan is creating several
growth opportunities for vendors operating in the region.
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on the market size, regional growth opportunities, and other
important statistics about the market.
Market Dynamics
The market is driven by the role of benzyl alcohol as a
preservative and flavoring agent. Changes in lifestyles and food
habits of people have significantly increased the demand for
processed foods and beverages globally. In addition, the rise in
the disposable incomes of consumers has increased the spending on
dining out and the consumption of ready-to-eat foods. Benzyl
alcohol is widely used in the food and beverage industry to
increase the shelf life of food products. Therefore, the increasing
consumption of processed and ready-to-eat foods is expected to
drive the growth of the global benzyl alcohol market during the
forecast period.
As per Technavio, the increasing use of benzyl alcohol in
personal care products will have a positive impact on the market
and contribute to its growth significantly over the forecast
period. This research report also analyzes other significant trends
and market drivers that will influence market growth.
Benzyl Alcohol Market: Increasing
Use Of Benzyl Alcohol In Personal Care Products
Consumers are increasingly becoming aware of the side effects of
parabens and silicones in products such as eye shadows, face
creams, wrinkle-free creams, and other night creams. This is
forcing personal care product manufacturers to use natural safer
alternatives such as benzyl alcohol as a preservative in personal
care products and cosmetics such as body lotions, sunscreens,
shampoos, soaps, and hair care solutions. This trend is expected to
further accelerate the growth of the global benzyl alcohol market
during the forecast period.
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Benzyl Alcohol Market:
Segmentation Analysis
This market research report segments the benzyl alcohol market
by end-user (paints and coatings, personal care, pharmaceutical,
and others) and geographic (APAC, Europe, North
America, MEA, and South
America).
The APAC region led the market in 2021, followed by Europe, North
America, MEA, and South
America respectively. During the forecast period, the APAC
region is expected to register the highest incremental growth.
Governments in many APAC countries are undertaking various
initiatives to strengthen healthcare. In addition, about 45%-55% of
the global demand for various vaccines is supplied by India. In January
2020, pharmaceutical exports in the country stood at
USD 12 – USD
14 billion. All these factors are driving the growth of the
benzyl alcohol market in APAC.
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Report
Some of the key topics covered in
the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Market
Scope
|
Report
Coverage
|
Details
|
Page number
|
120
|
Base year
|
2019
|
Forecast
period
|
2020-2024
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
2.48%
|
Market growth
2020-2024
|
18.5 thousand
units
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
2.34
|
Regional
analysis
|
APAC, Europe, North
America, MEA, and South America
|
Performing market
contribution
|
APAC at 53%
|
Key consumer
countries
|
China, Germany, India,
US, and Canada
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
Charkit Chemical
Co. LLC, Elan Chemical Co., Emerald Performance Materials LLC,
Greenfield Global Inc., Gujarat Alkalies and Chemicals Ltd.,
Hydrite Chemical Co., INEOS Group Holdings SA, LANXESS AG, Richman
Chemical Inc., and Tokyo Chemical Industry Co.
Ltd.
|
Market
Dynamics
|
Parent market analysis,
Market growth inducers and obstacles, Fast-growing and slow-growing
segment analysis, COVID 19 impact and future consumer dynamics,
market condition analysis for forecast period.
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020-2025
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End user
- Market segments
- Comparison by End user
- Paints and coatings - Market size and forecast 2020-2025
- Personal care - Market size and forecast 2020-2025
- Pharmaceutical - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by End user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and
forecast 2020-2025
- North America - Market size
and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size
and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Charkit Chemical Co. LLC
- Elan Chemical Co.
- Emerald Performance Materials LLC
- Greenfield Global Inc.
- Gujarat Alkalies and Chemicals Ltd.
- Hydrite Chemical Co.
- INEOS Group Holdings SA
- LANXESS AG
- Richman Chemical Inc.
- Tokyo Chemical Industry Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
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Contacts
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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