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Benzyl alcohol (Bn-OH) is a sweet-smellingliquor that consists of benzene bearing a singlehydroxymethyl asa substituent. It is clear, colorless chemical liquid with sharp consuming taste and mellow pleasant aromatic odor. It is marginally soluble in water and miscible in diethyl ether and alcohols. Due to low toxicity and high vapor pressure, benzyl alcohol (Bn-OH) is useful asasolvent. It exhibits partial solubility in water and highly soluble in alcohol. Benzyl alcohol is produced through hydrolysis of benzyl chloride and transesterification with methanol. In addition, naturally extracted oil from flowers such as jasmine, hyacinth, and ylang-ylang is used for the production of benzyl alcohol.
Rise in demand forbenzyl alcoholas anti-parasite medicine and common preservative in injectable drugs is anticipated to enhance the segment growth in the pharmaceutical sector. Benzyl alcohol (Bn-OH) is experiencing significant growth over the years owing to its wide applicationas fragrance component, viscosity-decreasing agent, and preservatives. Rapid usage of benzyl alcohol in preservative (2%), solubilizing agent (5%), and disinfectant (10%) further boosts the market growth. According to the report of European Medicines Agency (EMA), benzyl alcohol is widely used in antibiotics, anti-inflammatory products, or neuroleptics to reduce pain. New investments in R&D by industry players create opportunities for the market growth For instance, according to the report of American Chemical Society in 2018, the chemical industry players showed revenue increase of around 13.4% compared to previous year. However, poisonous impact of benzyl alcohol (Bn-OH) and accessibility of less expensive substitutes such as ethyl alcohol, phenoxyethanol, and tolueneare the factors expected to hamper the market growth.
The global benzyl alcohol (Bn-OH) market is segmented into purity, grade, application, end user, and region. By purity, the market is divided into purity higher than 99.5%, purity in between 99-99.5%, and purity less than 99%. By grade, it is classified into industrial grade, food grade, pharmaceutical grade, and others. By application, it is categorized into dielectric solvent, bacteriostatic preservative, cleaning agent, epoxy resins, synthetic solvent, and others. By end user, it is divided into food & beverages, pharmaceutical, paint & coating, and others. By region,it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).
Some of the key players present in the global benzyl alcohol (Bn-OH) market are INEOS, Hubei Greenhome Materials Technology, INC., Wuhan Beit Co., Ltd, Wuhan Youji Industries Co., Ltd., Emerald Kalama, Greenfield Global Inc, Lanxess Aktiengesellschaft, VWR International, LLC, and Merck KGaA.
Key Benefits for Stakeholders:
The global benzyl alcohol (Bn-OH) market size has been analyzed across four major regions.
Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of global benzyl alcohol (Bn-OH) market for strategy building.
The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, opportunities &global benzyl alcohol (Bn-OH) market trends along with their detailed impact analysis are elucidated in the study.
The global benzyl alcohol (Bn-OH) market analysis covers in-depth information of the major industry participants.
Questions answered in the global benzyl alcohol (Bn-OH)marketresearch report:
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How the major current trends will shape the market in the future?
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Key Market Segments
Key Market Players