This report titled “Benzyl Alcohol Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2030” offers strategic insights into the trends in benzyl alcohol market along with the market size and forecast for the duration 2023 to 2030. The said research study incorporates in-depth analysis of multiple market segments based on application and geographical distribution.
The global benzyl alcohol market is expected to witness significant growth due to growing demand for paints strippers, coatings, inks, epoxy resins from various end use industries such as automotive, construction and aviation industry. Further, increasing use of benzyl alcohol in preparation of perfumes, pharmaceuticals and other personal care products is projected to drive the growth of the benzyl alcohol market.
Key players in the benzyl alcohol market accounting for the major share of the global benzyl alcohol market. Further, rapid urbanization and increasing demand for automobiles in Asia Pacific is further anticipated to fuel the demand for benzyl alcohol over the forecast period.
Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
By application, the global benzyl alcohol market is segmented into paints & coatings, personal care, food & beverages and others. In addition, benzyl alcohol manufacturing companies, distributors and academic organizations form the major client types for benzyl alcohol market. Market size (Kilo Tons) (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2020-2030 along with their respective CAGRs (%) for the forecast period 2023-2030.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global benzyl alcohol market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of benzyl alcohol.
Based on the application, the global benzyl alcohol market is segmented as follows:
On the basis of application, the global benzyl alcohol market can be segmented into paint and coating, personal care, food & beverages and others. In 2021, paints & coatings was observed to be the largest application segment in global benzyl alcohols market. Benzyl alcohol is used in manufacturing of various products such as epoxy resin coatings, inks, and paint strippers. Increasing demand for paints & coatings owing to rapid infrastructural developments along with increasing demand for automobiles especially in emerging economies is projected to drive the growth of the segment over the forecast period (2023-2030).
On the basis of geography, global benzyl alcohol market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2021, North America is estimated to hold largest share in global benzyl alcohol market and projected to maintain its dominance over the forecast period. Strong demand from end use industries including paint & coating, pharmaceutical and personal care industry is projected to drive the demand for benzyl alcohol over the forecast period. Asia Pacific is anticipated to be the fastest growing region in global benzyl alcohol market. Rapid urbanization and prompt industrialization especially in China and India is projected to fuel the demand form paint & coating, personal care and pharmaceutical industry in the region which in turn projected to fuel the demand for benzyl alcohol in the region. Thus, the region is projected to witness high growth in demand for benzyl alcohol over the forecast period (2023-2030).
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Benzyl Alcohol market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
