Global sales of benzyl alcohol are estimated to be valued at USD 38.3 million in 2024. The market will likely register steady growth, with demand increasing at 6.0% CAGR. By 2034, the global benzyl alcohol market size is projected to reach USD 69.4 million.
Rising usage of benzyl alcohol as a solvent, food preservative, cleaning agent, and chemical intermediate in a variety of industries is expected to boost sales growth. Similarly, it is gaining wider popularity as a green solvent due to its biodegradable and less toxic nature. As per the latest analysis, the global benzyl alcohol industry is set to expand over 1.8X through 2034.
Benzyl Alcohol Market Insights
| Attributes | Key Insights |
|---|---|
| Estimated Global Benzyl Alcohol Market Value (2024E) | USD 38.3 million |
| Projected Benzyl Alcohol Market Size (2034F) | USD 69.4 million |
| Value-based CAGR (2024 to 2034) | 6.0% |
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Key Factors Driving Growth of Benzyl Alcohol Market
Principal Consultant
Global sales of benzyl alcohol increased at a CAGR of 4.3% from 2019 to 2023. Over the next ten years, the global benzyl alcohol (CAS 100-51-6) industry is expected to progress at a 6.0% CAGR, reaching a valuation of USD 69.4 million by 2034.
The table below highlights key countries’ benzyl alcohol market revenues. The United States, China, and the United Kingdom are expected to remain the top three consumers of benzyl alcohol, with estimated valuations of USD 22.4 million, USD 4.5 million, and USD 4.1 million, respectively, in 2034.
| Countries | Projected Benzyl Alcohol Market Revenue (2034) |
|---|---|
| United States | USD 22.4 million |
| United Kingdom | USD 4.1 million |
| China | USD 4.5 million |
| Germany | USD 4.0 million |
| India | USD 3.5 million |
The table below shows the predicted growth rates of the top nations. India, China, and the United Kingdom are anticipated to record high CAGRs of 8.2%, 6.7%, and 6.0%, respectively, through 2034.
| Countries | Projected Benzyl Alcohol Market CAGR (2024 to 2034) |
|---|---|
| United States | 4.0% |
| United Kingdom | 6.0% |
| Germany | 3.5% |
| China | 6.7% |
| India | 8.2% |
The United States benzyl alcohol market size is anticipated to reach USD 22.4 million in 2034. Overall demand for benzyl alcohol in the nation will likely rise at 4.0% CAGR during the forecast period, driven by its extensive applications in diverse sectors, including pharmaceuticals.
China’s benzyl alcohol industry is poised to record a CAGR of 6.7% during the forecast period. This suggests that China will present lucrative growth opportunities to benzyl alcohol suppliers and manufacturers. Total valuation in the country will likely reach USD 4.5 million by 2034.
A number of factors drive the tremendous growth of the Chinese benzyl alcohol market. The rising demand for benzyl alcohol is being driven by the high growth of the pharmaceutical industry. This is so because benzyl alcohol is an important component in pharmaceutical formulations to ensure the efficacy and safety of medications.
The rise in population and the subsequent surge in healthcare needs increase the demand for medications, thus increasing benzyl alcohol consumption. Further, personal care and cosmetics industries are other areas where uses of benzyl alcohol are also found increasing, as it can act as a versatile ingredient: as a solvent, preservative, or even a fragrance.
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The section shows the cleaning agent segment witnessing steady growth. Based on end-use, the food & beverages segment is set to generate significant revenue in the global benzyl alcohol (CAS 100-51-6) industry through 2034.
According to recent research, the cleaning agent segment is likely to observe gradual growth in the next decade. This is because benzyl is increasingly applied as a cleaning agent in various industries. The ability of benzyl alcohol to clean surfaces from dirt, oil, and grease makes it quite versatile. It is a very effective cleaner for most stubborn stains and residues because it has some solvent properties.
Benzyl alcohol is projected to be a perfect solvent choice for all purposes related to removing effective stains and disinfecting. Various industries are also using this chemical to maintain cleanliness.
This means that the benzyl alcohol market has been expanding in the food & beverage industries as an emerging key end-use. This can be linked to the rising requirements that exist for effective preservatives in order to prolong the shelf life of foodstuffs and beverages.
Benzylic alcohol is mildly antimicrobial. Thus, it finds increasing applications in food processing and packaging as a preservative. A strong bacteriostatic preservative, benzyl alcohol prevents the growth of bacteria and enhances the shelf life of various formulations in food and beverage products. Consumer preference for foods and beverages with extended shelf life is expected to further fuel the segments' growth up to 2034.
Lanxess AG, Elan Chemical Company Inc., Hubei Greenhome Fine Chemical Co., Ltd., Pharmco-AAPER, Wuhan Youji Industries Co., Ltd., Synerzine Inc., Merck KGaA, Emerald Performance Materials and Avantor, Inc., Finar Chemicals, and Ineos are leading benzyl alcohol manufacturers and suppliers listed in the report.
The global benzyl alcohol industry is defined by a high level of capital expenditure and a complicated manufacturing process. Cost-effective manufacturing procedures can help establish global market sustainability.
Top manufacturers of benzyl alcohol are focusing on increasing their benzyl alcohol production capacities to meet growing demand for the industrial sector. They are entering partnerships and strategic collaborations with end-use industries to generate revenue.
Recent Developments in the Benzyl Alcohol Market
| Attribute | Details |
|---|---|
| Estimated Market Size Value (2024) | USD 38.3 million |
| Projected Market Value (2034) | USD 69.4 million |
| Expected Growth Rate (2024 to 2034) | 6.0% CAGR |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Volume (MT) and Value (USD million) |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Middle East & Africa; and Oceania |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Italy, Spain, France, Germany, the United Kingdom, the Netherlands, Belgium, Russia, the Nordic region, Poland, Japan, South Korea, China, India, Malaysia, Thailand, Singapore, Australia, Indonesia, Gulf Cooperation Council countries, New Zealand, Central Africa and South Africa |
| Key Market Segments Covered | Grade, End-use, Application, and Region |
| Key Companies Profiled | Lanxess AG; Elan Chemical Company Inc.; Hubei Greenhome Fine Chemical Co., Ltd.; Pharmco-AAPER; Wuhan Youji Industries Co., Ltd.; Synerzine Inc.; Merck KGaA; Emerald Performance Materials; Avantor, Inc.; Fine Chemicals; Ineos |
The global benzyl alcohol market value is estimated to total USD 38.3 million in 2024.
Global benzyl alcohol demand is projected to grow at a 6.0% CAGR through 2034.
The global benzyl alcohol market size is set to reach USD 69.4 million by 2034.
North America is expected to hold a market share of 37.8% by 2034.
Lanxess AG, Elan Chemical Company Inc., and Hubei Greenhome Fine Chemical Co., Ltd.
Benzyl alcohol is widely used as a solvent for paints, waxes, inks, and epoxy resin coatings.
Prakash Chemical International is a prominent custom benzyl alcohol manufacturer in India.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Background 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Market- Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.2. Price Point Assessment By Grade 4.3. Price Forecast till 2034 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Market Size in Value (US$ million) and Volume (Unit) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (Unit) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (Unit) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (Unit) Analysis By Grade, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (Unit) Analysis and Forecast By Grade, 2024 to 2034 7.3.1. Industrial Grade 7.3.2. Food Grade 7.3.3. Pharmaceuticals Grade 7.3.4. Others 7.4. Market Attractiveness Analysis By Grade 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, End Use 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (Unit) Analysis End Use, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (Unit) Analysis and Forecast End Use, 2024 to 2034 8.3.1. Food & Beverages 8.3.2. Paints & Coating 8.3.3. Pharmaceuticals 8.3.4. Others 8.4. Market Attractiveness Analysis End Use 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Application 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (Unit) Analysis Application, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (Unit) Analysis and Forecast By Application, 2024 to 2034 9.3.1. Cleaning Agent 9.3.2. Synthetic Solvent 9.3.3. Epoxy Resins 9.3.4. Bacteriostatic Preservatives 9.3.5. Dielectric Solvent 9.3.6. Others 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size in Value (US$ million) and Volume (Unit) Analysis By Region, 2019 to 2023 10.3. Current Market Size in Value (US$ million) and Volume (Unit) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Grade 11.3.3. End Use 11.3.4. Application 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Grade 11.4.3. End Use 11.4.4. Application 11.5. Key takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume (Unit) Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Grade 12.3.3. End Use 12.3.4. Application 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Grade 12.4.3. End Use 12.4.4. Application 12.5. Key takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Grade 13.3.3. End Use 13.3.4. Application 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Grade 13.4.3. End Use 13.4.4. Application 13.5. Key takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Grade 14.3.3. End Use 14.3.4. Application 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Grade 14.4.3. End Use 14.4.4. Application 14.5. Key takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Vietnam 15.3.1.6. Philippines 15.3.1.7. Singapore 15.3.1.8. Rest of South Asia 15.3.2. By Grade 15.3.3. End Use 15.3.4. Application 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Grade 15.4.3. End Use 15.4.4. Application 15.5. Key takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Grade 16.3.3. End Use 16.3.4. Application 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Grade 16.4.3. End Use 16.4.4. Application 16.5. Key takeaways 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume(Unit) Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume(Unit) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East & Africa 17.3.2. By Grade 17.3.3. End Use 17.3.4. Application 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Grade 17.4.3. End Use 17.4.4. Application 17.5. Key takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Grade 18.1.2. End Use 18.1.3. Application 18.2. Canada Market Analysis 18.2.1. By Grade 18.2.2. End Use 18.2.3. Application 18.3. Brazil Market Analysis 18.3.1. By Grade 18.3.2. End Use 18.3.3. Application 18.4. Mexico Market Analysis 18.4.1. By Grade 18.4.2. End Use 18.4.3. Application 18.5. Argentina Market Analysis 18.5.1. By Grade 18.5.2. End Use 18.5.3. Application 18.6. Germany Market Analysis 18.6.1. By Grade 18.6.2. End Use 18.6.3. Application 18.7. United Kingdom Market Analysis 18.7.1. By Grade 18.7.2. End Use 18.7.3. Application 18.8. France Market Analysis 18.8.1. By Grade 18.8.2. End Use 18.8.3. Application 18.9. Italy Market Analysis 18.9.1. By Grade 18.9.2. End Use 18.9.3. Application 18.10. Spain Market Analysis 18.10.1. By Grade 18.10.2. End Use 18.10.3. Application 18.11. BENELUX Market Analysis 18.11.1. By Grade 18.11.2. End Use 18.11.3. Application 18.12. Nordic Market Analysis 18.12.1. By Grade 18.12.2. End Use 18.12.3. Application 18.13. Russia Region Market Analysis 18.13.1. By Grade 18.13.2. End Use 18.13.3. Application 18.14. Poland Market Analysis 18.14.1. By Grade 18.14.2. End Use 18.14.3. Application 18.15. China Market Analysis 18.15.1. By Grade 18.15.2. End Use 18.15.3. Application 18.16. Japan Market Analysis 18.16.1. By Grade 18.16.2. End Use 18.16.3. Application 18.17. South Korea Market Analysis 18.17.1. By Grade 18.17.2. End Use 18.17.3. Application 18.18. India Market Analysis 18.18.1. By Grade 18.18.2. End Use 18.18.3. Application 18.19. Thailand Market Analysis 18.19.1. By Grade 18.19.2. End Use 18.19.3. Application 18.20. Malaysia Market Analysis 18.20.1. By Grade 18.20.2. End Use 18.20.3. Application 18.21. Indonesia Market Analysis 18.21.1. By Grade 18.21.2. End Use 18.21.3. Application 18.22. Vietnam Market Analysis 18.22.1. By Grade 18.22.2. End Use 18.22.3. Application 18.23. Philippines Market Analysis 18.23.1. By Grade 18.23.2. End Use 18.23.3. Application 18.24. Singapore Market Analysis 18.24.1. By Grade 18.24.2. End Use 18.24.3. Application 18.25. Australia Market Analysis 18.25.1. By Grade 18.25.2. End Use 18.25.3. Application 18.26. New Zealand Market Analysis 18.26.1. By Grade 18.26.2. End Use 18.26.3. Application 18.27. GCC Countries Market Analysis 18.27.1. By Grade 18.27.2. End Use 18.27.3. Application 18.28. Turkiye Market Analysis 18.28.1. By Grade 18.28.2. End Use 18.28.3. Application 18.29. Egypt Market Analysis 18.29.1. By Grade 18.29.2. End Use 18.29.3. Application 18.30. South Africa Market Analysis 18.30.1. By Grade 18.30.2. End Use 18.30.3. Application 19. Market Structure Analysis 19.1. Global Market Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2024 19.3.2. Company Market Share Analysis of Top Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Lanxess AG 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments (Grade/End Use/Application/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. Elan Chemical Company Inc. 20.3.3. Hubei Greenhome Fine Chemical Co., Ltd. 20.3.4. Pharmco-AAPER 20.3.5. Wuhan Youji Industries Co., Ltd. 20.3.6. Synerzine Inc. 20.3.7. Merck KGaA 20.3.8. Emerald Performance Materials 20.3.9. Avantor, Inc. 20.3.10. Finar Chemicals 20.3.11. Ineos 21. Assumptions and Acronyms 22. Research Methodology
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Benzyl Alcohol Market
