The global North America Benzyl Alcohol Market size was USD 59.6 Million in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period. Rising demand for benzyl alcohol for skin medication and increasing use of benzyl alcohol in paints and coatings are factors expected to drive market revenue growth during the forecast period. Increasing use of benzyl alcohol in hair care products and rising use of benzyl alcohol as an antimicrobial preservative are other factors expected to boost market revenue growth during the forecast period.

Benzyl alcohol is an aromatic alcohol with the formula C₆H₅CH₂OH. The IUPAC name of the compound is phenyl methanol. Benzyl alcohol exists as a colorless liquid with a mild fragrance at room temperature. The combination is not very soluble in water, but it forms miscible mixtures with diethyl ether and other alcohols. Rising use of benzyl alcohol in essential oils extracted jasmine, ylang-ylang, and hyacinth increases its demand. This is expected to propel the revenue growth of the North America Benzyl Alcohol Market. Increasing use of benzyl alcohol in laboratories and chemical centers for research experiments is expected to increase the adoption of benzyl alcohol. This is expected to augment the market revenue growth in the near future. Benzyl alcohol has a long shelf life and increases the longevity of the formulation in products, which is another factor increasing its demand, which is expected to increase its adoption.

Top Companies Operating in the Global North America Benzyl Alcohol Market:

Elan Chemical Company, Inc., Alfa Aesar, Merck KGaA, Valtris Specialty Chemicals Limited, Lanxess India Private Limited, Wuhan Biet Co., Ltd., Finar Limited, Hubei Greenhouse Fine Chemical Co., Ltd., INEOS Group Ltd., and Greenfield Global USA, Inc.

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Rising demand for benzyl alcohol for skin medication is the major factor expected to boost the market revenue growth. Increasing use of benzyl alcohol as a preservative in skin creams in place of paraffin is expected to increase demand for benzyl alcohol. Additionally, the rising use of benzyl alcohol for skin medication as it is considered a safe ingredient in skin care products has led to rising demand for benzyl alcohol in skin products. Benzyl alcohol can be used to treat acne and pimples caused on the skin for clear skin, increasing its demand. This is expected to propel the revenue growth of the market in the near future.

Benzyl alcohol is used in skin care products and cosmetics due to its preservative and solvent properties which are increasing demand for benzyl alcohol, which is expected to drive the revenue growth of the market. Benzyl alcohol is metabolized to benzoic acid, which reacts with glycine and excretes as hippuric aside, which has increased its use as a preservative in food products. Furthermore, increasing the adoption of hand sanitizers with benzyl alcohol as a fragrant ingredient is another factor expected to drive the growth of the North America Benzyl Alcohol Market. Rising use of benzyl alcohol in body lotions, soaps, shampoos, and other personal care products is increasing its demand. It is expected to increase market revenue growth between 2022 and 2030.

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North America Benzyl Alcohol Market Segmentation

Grade Outlook:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade
• Others

Application Outlook:

• Cleaning Agent
• Synthetic Solvent
• Epoxy Resins
• Bacteriostatic Preservative
• Others

End-Use Outlook:

• Food & Beverages
• Pharmaceutical
• Paints & Coatings
• Cosmetics & Personal Care
• Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The North America Benzyl Alcohol Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the North America Benzyl Alcohol Market.

The global North America Benzyl Alcohol Market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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