Benzyl alcohol is a definite type of aromatic alcohol. It is a clear and colorless chemical liquid with sharp-burning taste and slightly pleasant aromatic odor. It is soluble in water and immiscible in diethyl-ether and alcohols and is a moderately toxic-chemical substance. It is a useful solvent due to its low vapor pressure & polarity, and low toxicity. Benzyl alcohol is usually used in the production of other benzyl compounds for instance perfumes, pharmaceutical aid, and flavors. Moreover, it is also used as a photographic film developer and as an insect repellent. Benzyl alcohol is commonly utilized as a bacteriostatic additive at the low concentrations in topical drugs, medicines, and cosmetics to preserve the products from producing the bacteria and kill them when they reproducing. In pharmaceuticals, growth of bacteria adversely affects the human health, and in order to preserve it, benzyl alcohol is widely used by drug manufacturers in drug manufacturing.
As per analysis, “Global Benzyl Alcohol (CAS 100-51-6) Market, 2021-2027” the key companies operating in the global benzyl alcohol market include Lianyungang Taile Chemical Industry Co., Ltd., Hubei Kelin Bolun New Materials Co., Ltd., Lanxess AG, Gujarat Alkalies and Chemical Limited, Luxi Group Co., Ltd. (Sinochem Corporation), Hubei Greenhome Fine Chemical Co., Ltd., Sanghvi Organics Pvt. Ltd., Ineos Group Ltd., Daurala Organics Limited (DCM Shriram Industries Ltd.), Wuhan Youji Industries Co., Ltd., Sanghvi Organics Pvt. Ltd., Nanchang Xinggan Sci-tech Industrial Co., Ltd., Valtris Specialty Chemicals Limited and among others. Key manufacturers are looking for advanced specialty chemicals to improve the performance of their products.
Rise in Demand from the Cosmetics and Personal Care Industry, followed by surge in Demand from the Food and Beverage Industry are some major factors, which are responsible for growth of the ‘Global Benzyl Alcohol (CAS 100-51-6) Market’. Additionally, rise in demand for benzyl-alcohol as anti-parasite drug and common preservative in injectable drugs coupled with growth in popularity of the product due to its wide applications as a component of perfumes, viscosity lowering agent and preservatives. Accelerate the growth of benzyl alcohol market. Apart from this, unfavorable conditions arising due to Covid-19 outbreak and high concentration of the benzyl alcohol causing toxic effects on human may impact the market. Moreover, new investments in research & development (R&D) by industry players are leading opportunity for global market.
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Based on regional analysis, the North-America region holds major share in global benzyl alcohol market owing to well-established pharmaceutical industry with a variety of research and development facilities for being new development by using benzyl alcohol as benzyl-alcohol is also used as a laboratory reagent in the organic chemistry. The Asia-Pacific and Europe regions are anticipated to exhibit considerable growth rate due to rise in demand from applications like preservatives, solvents and food additives over the forecast period. It is projected that future of the global benzyl alcohol market will be bright on account of growth in consumption of aromatic solvents for drug formulation in the pharmaceuticals sector during the forecast period.
For More Information, refer to below link:-
Global Benzyl Alcohol (CAS 100-51-6) Market Research Report, 2021-2027
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