Global Benzyl Alcohol (CAS 100-51-6) Market- Application Analysis

Benzyl alcohol is a specific type of aromatic alcohol. It is a pure, colorless chemical liquid with a burning taste and a rather pleasant aromatic odor. It is soluble in water and does not mix in diethyl ether and alcohol and is a moderately toxic chemical. It is a useful solvent due to its low vapor pressure and polarity, and low toxicity. Benzyl alcohol is commonly used in the production of other benzyl compounds for example fragrances, pharmaceutical aids, and flavors. Moreover, it is also used as a photographic film developer and as an insect repellent. Benzyl alcohol is commonly used as a bactericidal additive in low concentrations in topical medications, pharmaceuticals, and cosmetics to keep products from producing bacteria and killing them upon reproduction. In pharmaceuticals, the growth of bacteria negatively affects human health, and in order to preserve them, benzyl alcohol is widely used by drug manufacturers in the manufacture of medicines.

According to the analysis,Global Benzyl Alcohol (CAS 100-51-6) Market, 2021-2027Major companies operating in the global benzyl alcohol market include Lianyungang Taile Chemical Industry Co., Ltd. and Hubei Kelin Bolun New Materials Co., Ltd. and Lanxess AG, Gujarat Alkalies and Chemical Limited, and Luxi Group Co., Ltd. (Sinochem Corporation), Hubei Greenhome Fine Chemical Co., Ltd. Ltd. Sanghvi Organics Pvt. Ltd., Ineos Group Ltd. , Daurala Organics Limited (DCM Shriram Industries Ltd.), Wuhan Youji Industries Co., Ltd. Ltd. Sanghvi Organics Pvt. Co., Ltd., Nanchang Xinggan Sci-tech Industrial Co., Ltd. Ltd. , Valtris Specialty Chemicals Limited and others. Major manufacturers are looking for advanced specialty chemicals to improve the performance of their products.

Rising demand from the cosmetic and personal care industry, followed by increased demand from the food and beverage industry, are some of the key factors responsible for the growth of “Global Benzyl Alcohol Market (CAS 100-51-6)In addition, the high demand for benzyl alcohol as an anti-parasitic drug and preservative common in injectable drugs coupled with the increased popularity of the product due to its wide applications as a component of perfume, viscosity-lowering agent and preservative. Accelerate the growth of the benzyl alcohol market. Apart from this, The unfavorable conditions caused by the outbreak of Covid-19 and the high concentration of benzyl alcohol which causes toxic effects to humans may affect the market.Moreover, new investments in research and development (R&D) by industry players is a leading market opportunity Globalism.

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Based on regional analysis, North America region holds a large share in global benzyl alcohol market due to well-established pharmaceutical industry with variety of R&D facilities being a new development with benzyl alcohol Benzyl alcohol is also used as laboratory reagent in organic chemistry. Asia Pacific and Europe regions are expected to show a significant growth rate due to higher demand from applications such as preservatives, solvents and food additives during the forecast period. The future of the global benzyl alcohol market is expected to be bright due to the growth in the consumption of aromatic solvents for drug synthesis in the pharmaceutical segment during the forecast period.

For more information, kindly refer to the link below:-

Global Benzyl Alcohol Market Research Report (CAS 100-51-6), 2021-2027

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