DUBLIN, Nov. 11, 2020 /PRNewswire/ — The “Benzyl Alcohol Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The market for benzyl alcohol is expected to witness a CAGR of over 5% during the forecast period.
Major factors driving the market studied are increasing demand from the food and beverage and cosmetics and personal care industries. On the flip side, a high concentration of benzyl alcohol causes toxic effects on humans, and the unfavorable conditions that are arising due to the COVID-19 outbreak are hindering the growth of the market.
Intensification of nitrobenzaldehydes synthesis from benzyl alcohol as an inherently safe continuous flow process in a microreactor is expected to offer various opportunities for the growth of the market over the forecast period. The food & beverage industry is expected to dominate the global benzyl alcohol market over the forecast period. Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.
Key Market Trends
Food and Beverage Industry Segment to Dominate the Market
The food and beverage industry is anticipated to register a CAGR of more than 8% during the forecast period. Food additives and preservatives derived from benzyl alcohol are intensively used in the food & beverage industry.
Asia-Pacific Region to Dominate the Market
Asia-Pacific is expected to be the dominant market in benzyl alcohol consumption. This is because China dominates the market for the end-use industries, such as paints and coatings, adhesives and sealants, chemical processing, and cosmetics and personal care. China’s consumption of adhesives accounts for a 32% share of global consumption.
Competitive Landscape
The benzyl alcohol market is fragmented with the presence of both international and domestic players. The major companies in the market studied include Alfa Aesar, Thermo Fisher Scientific, Elan Chemical, LANXESS, Merck KGaA, and Valtris Specialty Chemicals, among others.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from the Food and Beverage Industry
4.1.2 Growing Demand from the Cosmetics and Personal Care Industry
4.2 Restraints
4.2.1 High Concentration of Benzyl Alcohol Causing Toxic Effects on Humans
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
4.5 Regulatory Policy Analysis
4.6 Technological Snapshot
5 MARKET SEGMENTATION
5.1 End-user Industry
5.1.1 Cosmetics and Personal Care
5.1.2 Paints and Coatings
5.1.3 Chemical Processing
5.1.4 Pharmaceutical
5.1.5 Food and Beverage
5.1.6 Other End-user Industries
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Alfa Aesar, Thermo Fisher Scientific
6.4.2 Elan Chemical
6.4.3 Emerald Performance Materials
6.4.4 Finar Limited
6.4.5 Gujarat Alkalies and Chemicals Limited
6.4.6 Hubei Greenhome Fine Chemical Co. Ltd
6.4.7 LANXESS
6.4.8 Merck KGaA
6.4.9 Shimmer Chemicals Pvt. Ltd
6.4.10 Tokyo Chemical Industry Co. Ltd
6.4.11 Tosoh Corporation
6.4.12 Valtris Specialty Chemicals
6.4.13 Wuhan Biet Co. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Intensification of Nitrobenzaldehydes Synthesis from Benzyl Alcohol in a Micro-reactor
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/ad4i1j
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