市場調查報告書
商品編碼
963978

苯甲醇的全球市場:成長,趨勢,預測(2020年∼2025年)

Benzyl Alcohol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 120 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

苯甲醇的市場規模在預測期間內預計將以5%以上的年複合成長率成長。帶動調查對象的市場的主要原因是食品及飲料,化妝品,個人保養品產業的需求增加。然而高濃度苯甲醇對人體的危害,COVID-19疫情造成的不利情形妨礙了市場成長。

這份報告提供苯甲醇的世界市場調查,提供市場概要,市場成長要素及阻礙因素分析,市場機會,COVID‐19的影響,各終端用戶產業·各地區的市場規模的變化與預測,競爭情形,主要企業的簡介等系統性資訊。

目錄

第1章 簡介

第2章 調查手法

第3章 摘要整理

第4章 市場動態

  • 促進因素
    • 食品及飲料產業的需求增加
    • 化妝品及個人保養品產業的需求提升
  • 阻礙因素
    • 高濃度的苯甲醇對人體的毒性
    • COVID-19疫情造成的不利情形
  • 價值鏈分析
  • 波特的五力分析
  • 法規政策分析
  • 技術概述

第5章 市場區隔

  • 各終端用戶產業
    • 化妝品,個人保養品
    • 塗料,塗料
    • 化學處理
    • 製藥
    • 食品,飲料
    • 其他
  • 各地區
    • 亞太地區
    • 北美
    • 歐洲
    • 南美
    • 中東和非洲

第6章 競爭情形

  • 合併和收購,合資企業,合作,契約
  • Market Share (%)/Ranking Analysis**
  • 主要企業採用的策略
  • 企業簡介
    • Alfa Aesar, Thermo Fisher Scientific
    • Elan Chemical
    • Emerald Performance Materials
    • Finar Limited
    • Gujarat Alkalies and Chemicals Limited
    • Hubei Greenhome Fine Chemical Co. Ltd
    • LANXESS
    • Merck KGaA
    • Shimmer Chemicals Pvt. Ltd
    • Tokyo Chemical Industry Co. Ltd
    • Tosoh Corporation
    • Valtris Specialty Chemicals
    • Wuhan Biet Co. Ltd

第7章 市場機會及趨勢

  • 在微反應器中強化由芐醇合成的硝基苯甲醛
  • 其他機會
目錄
Product Code: 69497

The Global Benzyl Alcohol Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Benzyl alcohol is used in the formulation of paints and coatings as a solvent, which further finds its application in the end-user industries such as automotive and construction. Considering the pandemic scenario, the construction and automotive manufacturing were on a temporary halt during the lockdown, thus led to a decrease in the consumption of paints and coatings, which in turn negatively impacted the demand for the benzyl alcohol market. Moreover, Benzyl alcohol is also used as a bacteriostatic preservative at low concentration in intravenous medications, cosmetics, and topical drugs. Excluding for the pharmaceutical applications, the demand from cosmetics was also reduced in 2020 due to the lockdown scenario coupled with halted production units. However, the demand is expected to recover in 2021.

  • Over the short term, the increasing demand from the food and beverage and cosmetics and personal care industries is expected to drive the market's growth.
  • On the flip side, a high concentration of benzyl alcohol causes toxic effects on humans, and the unfavorable conditions that are arising due to the COVID-19 outbreak are hindering the growth of the market.
  • Intensification of nitrobenzaldehydes synthesis from benzyl alcohol as an inherently safe continuous flow process in a microreactor is expected to offer various opportunities for the growth of the market over the forecast period.
  • The food and beverage industry is expected to dominate the global benzyl alcohol market over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.

Key Market Trends

Food and Beverage Industry Segment to Dominate the Market

  • Food additives and preservatives derived from benzyl alcohol are intensively used in the food & beverage industry. The food and beverage industry is anticipated to register a CAGR of more than 8% during the forecast period.
  • The food preservative market is expected to register a CAGR of more than 6% during the forecast period, owing to the rising consumption of processed and packaged food. This will ensure the regular demand for benzyl alcohol as many preservatives are derived from it.
  • The worldwide food additives market is projected to show rapid growth during the forecast period. Benzyl alcohol is a food additive permitted for direct addition to food for human consumption, as a synthetic flavoring substance.
  • According to the FoodDrinkEurope, in Q3 2020, the European Union (EU-27) food and drink industry production has increased by 8.2% compared to the previous quarter and decreased by 0.4% year on year basis compared to the Q3 2019. Furthermore, the industry turnover has increased by 5.9% compared to the previous quarter and decreased by 1.1% year on year basis compared to the Q3 2019.
  • The Japan's food and beverages sales value was valued at about USD 450 billion in 2019, with a decline rate of about 2% compared to the previous year, which in turn negatively impacted the studied market.
  • Therefore, the aforementioned factors are expected to show significant impact on the market in the coming years.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to be the dominant market in benzyl alcohol consumption. This is because China dominates the market for the end-user industries, such as paints and coatings, adhesives and sealants, chemical processing, and cosmetics and personal care. China's consumption of adhesives accounts for about a 32% share of global consumption.
  • Asia-Pacific is also expected to be the fastest-growing market during the forecast period, owing to the demand from applications like solvents, preservatives, food additives, etc.
  • The Asia-Pacific food additive market is expected to register a CAGR of more than 6% during the forecast period. Benzyl alcohol is regularly used as a food additive in various applications.
  • Benzyl alcohol is widely used in the production of construction industry products like adhesives, paints, coatings, sealants, and others.
  • The paints and coatings industry, where benzyl alcohol is used as a general solvent, is expected to witness a CAGR of approximately 6% during the forecast period in the region. This is because China is expected to witness the highest growth in construction activities, followed by India. In China, government spending on constructing affordable housing facilities has been increasing to cater to the housing demand. In addition, the public-private partnership (PPP) projects have also been boosting in the domestic construction sector.
  • China was leading in the construction industry with a market size of USD 1,092.9 billion in the year 2019, registering a growth rate of 14.71% compared to the previous year.
  • Furthermore, the total new construction in Japan was accounted for about 127.55 million square meters in 2019 and reached about 113.74 million square meters in 2020, with a decline rate of about 10.5%, which in turn affected the demand for benzyl alcohol market.
  • Paints and coatings find its application in the automotive industry also. In 2019, China had produced 25.72 million vehicles and reached 25.22 million vehicles by 2020, registering a decline rate of about 2%, which in turn negatively impacted the demand for the studied market.
  • The Asian cosmetics and personal care market is gaining popularity worldwide. It is expected to register a CAGR of more than 5%, during the forecast period, with Japan, Singapore, South Korea, Hong Kong, and China amongst the top 10 global cosmetics exporters. Benzyl alcohol is used in a wide variety of cosmetic formulations as a fragrance component, preservative, solvent, and viscosity-decreasing agent.
  • China is one of the major consumers of cosmetics. Benzyl Alcohol is widely used in the cosmetic formulations as a fragrance component, preservative, solvent, and viscosity-decreasing agent. In March 2019, the retail trade revenue of cosmetics in China was amounted to about USD 4.33 billion and reached about USD 3.85 billion in March 2020, with a decline rate of about 11% mainly due to the COVID-19 impact, which in turn negatively impacted the demand for the studied market.
  • Therefore, the aforementioned factors are expected to show significant impact on the market in the coming years.

Competitive Landscape

The benzyl alcohol market is fragmented in nature. The major companies in the market studied include Alfa Aesar, Thermo Fisher Scientific, Elan Chemical, LANXESS, Merck KGaA, and Valtris Specialty Chemicals, among others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from the Food and Beverage Industry
    • 4.1.2 Growing Demand from the Cosmetics and Personal Care Industry
  • 4.2 Restraints
    • 4.2.1 High Concentration of Benzyl Alcohol Causing Toxic Effects on Humans
    • 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 End-user Industry
    • 5.1.1 Cosmetics and Personal Care
    • 5.1.2 Paints and Coatings
    • 5.1.3 Chemical Processing
    • 5.1.4 Pharmaceutical
    • 5.1.5 Food and Beverage
    • 5.1.6 Other End-user Industries
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
      • 5.2.1.1 China
      • 5.2.1.2 India
      • 5.2.1.3 Japan
      • 5.2.1.4 South Korea
      • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
      • 5.2.2.1 United States
      • 5.2.2.2 Canada
      • 5.2.2.3 Mexico
    • 5.2.3 Europe
      • 5.2.3.1 Germany
      • 5.2.3.2 United Kingdom
      • 5.2.3.3 Italy
      • 5.2.3.4 France
      • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
      • 5.2.4.1 Brazil
      • 5.2.4.2 Argentina
      • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
      • 5.2.5.1 Saudi Arabia
      • 5.2.5.2 South Africa
      • 5.2.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Alfa Aesar, Thermo Fisher Scientific
    • 6.4.2 Elan Chemical
    • 6.4.3 FINAR CHEMICALS
    • 6.4.4 Gujarat Alkalies and Chemicals Limited
    • 6.4.5 HUBEI GREENHOME FINE CHEMICAL CO.,LTD
    • 6.4.6 LANXESS
    • 6.4.7 Merck KGaA
    • 6.4.8 Shimmer Chemicals Pvt. Ltd.
    • 6.4.9 Tokyo Chemical Industry Co., Ltd.
    • 6.4.10 Tosoh Corporation
    • 6.4.11 Valtris Specialty Chemicals
    • 6.4.12 Wuhan Biet Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Intensification of Nitrobenzaldehydes Synthesis from Benzyl Alcohol in a Micro-reactor
  • 7.2 Other Opportunities