Global Benzyl Alcohol Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Industrial Grade, Medical Grade, and Cosmetics Grade.

By Application;

Personal Care, Food & Beverages, Pharmaceutical, and Paints & Coatings.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn164410503 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Benzyl Alcohol Market (USD Million), 2021 - 2031

In the year 2024, the Global Benzyl Alcohol Market was valued at USD 261.42 million. The size of this market is expected to increase to USD 317.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.8%.

The global benzyl alcohol market is a significant segment within the broader chemicals industry, characterized by its versatile applications and steady demand across various sectors. Benzyl alcohol, an aromatic alcohol with the formula C7H8O, is known for its mild pleasant fragrance and solvent properties. It is commonly used in the manufacture of a variety of products, including perfumes, flavoring agents, and pharmaceuticals. The compound's ability to act as a preservative and stabilizer further enhances its utility in cosmetic and personal care products, making it an essential ingredient in these industries.

One of the primary drivers of the benzyl alcohol market is its widespread application in the pharmaceutical industry. It is utilized as an excipient in injectable drugs and as a bacteriostatic agent in multi-dose medications, ensuring the sterility and extended shelf life of pharmaceutical products. Additionally, benzyl alcohol serves as a solvent for various active pharmaceutical ingredients (APIs) and is integral in the synthesis of certain drugs. The increasing demand for pharmaceuticals, driven by a growing global population and rising health awareness, has consequently boosted the demand for benzyl alcohol.

The growth of the benzyl alcohol market is its role in the paints and coatings industry. Benzyl alcohol acts as a solvent and viscosity-reducing agent, improving the application and performance of paints and coatings. The construction and automotive sectors, which are major consumers of paints and coatings, have exhibited robust growth, particularly in emerging economies. This growth has, in turn, spurred the demand for benzyl alcohol. Moreover, stringent environmental regulations and a shift towards eco-friendly products have led to the adoption of benzyl alcohol as a greener alternative to traditional solvents, further propelling market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Benzyl Alcohol Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Cosmetic Industry Demand
        2. Growing Food and Beverage Sector
        3. Expansion in Personal Care Products
        4. Surge in Industrial Applications
      2. Restraints
        1. High Production Costs
        2. Fluctuating Raw Material Prices
        3. Environmental Concerns
        4. Availability of Substitutes
      3. Opportunities
        1. Emerging Markets Growth
        2. Increasing Research and Development Activities
        3. Expansion of E-commerce
        4. Rising Investment in Sustainable Products
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Benzyl Alcohol Market, By Grade, 2021 - 2031 (USD Million)
      1. Industrial Grade
      2. Medical Grade
      3. Cosmetics Grade
    2. Global Benzyl Alcohol Market, By Application, 2021 - 2031 (USD Million)
      1. Personal Care
      2. Food & Beverages
      3. Pharmaceutical
      4. Paints & Coatings
    3. Global Benzyl Alcohol Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Wuhan Biet Co. Ltd
      2. Ineos AG
      3. Finar Limited
      4. Emerald Performance Materials
      5. Elan Chemical Company
      6. Wuhan Youji Industries Co. Ltd
      7. Merck KGaA
      8. Alfa Aesar
      9. Pharmco-Aaper
  7. Analyst Views
  8. Future Outlook of the Market