Benzyl Benzoate MarketGrowth, Future Prospects and Competitive Analysis, 2017 – 2025, the global benzyl benzoate market is expected to reach over US$ 80.7 Mn by 2025, expanding at a CAGR of 4.4% from 2017 to 2025.
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Market Insights
On the basis of type, the global benzyl benzoate market is segmented into pharmaceutical grade, industrial grade and flavors & fragrance grade. In 2016, industrial grade was observed to the largest segment for the benzyl benzoates accounting for more than 50% revenue share in global benzyl benzoates market. Increasing use of benzyl benzoates in textile auxiliaries and plasticizer is projected to drive the demand for industrial grade benzyl benzoates during the forecast period. Industrial grade segment is also expected to register highest by revenue.
On the basis of end use applications, the global benzyl benzoate market is segmented pharmaceuticals (in scabies therapy), textile auxiliaries (dye carrier, leveling agent, healant), flavors & fragrance (the sole solvent of musk) and plasticizer. In 2016, textile auxiliaries is observed to be the most dominant segment accounting for more than 40% market share by volume and by revenue in global benzyl benzoates market. The segment is projected to grow at significant CAGR by revenue and is expected to maintain its dominance through the forecast period. Plasticizer segment is expected to be the fastest growing segment with highest CAGR by revenue in upcoming years.
For the purpose of this study, the global hand sanitizer market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2016, Asia Pacific was observed as the largest market for benzyl benzoates followed by North America and Europe. Asia Pacific is expected to achieve highest growth rate compared to other regions due to presence of countries such as China, India and Japan are observing significant industrial growth.
Furthermore, the companies are focusing on expanding their business network, across regional markets. They are strengthening their market penetration by offering wide product range in the benzyl benzoates segment. Emerald Kalama Chemical, Hunan Hongrun Chemical Technology Co., Ltd., Hubei Greenhome Fine Chemical CO., LTD., Jiangsu BVCO Biological Technology CO., LTD. , LANXESS, Liaoning Huayi Chemical Industry& Commerce Co., Ltd., Tianjin Dongda, Tianjin Dajia Chemical Co., Ltd., Wuhan Biet Co., Ltd., Wuhan Sinocon New Chemical Materials Co., Ltd., Wuhan Youji Industries Co., Ltd., Zengrui Chemical Zibo Co., Ltd., etc. are few key manufacturers in global hand sanitizer market.
Key Trends:
– High Demand from End-use Industries
– Volatile Raw Material Prices & Increasing Use of Substitutes are impacting the growth of the market
– Rising Demand from High Growth Economies
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Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Benzyl Benzoate Market Revenue
2.2 Market Snapshot: Global Benzyl Benzoate Market Volume
2.3 Global Benzyl Benzoate Market, by End Use Application
2.3.1 Global Benzyl Benzoate Market Volume (Kilo Tons), by End Use Application, 2016
2.3.2 Global Benzyl Benzoate Market Revenue (US$ Mn), by End Use Application, 2016
2.4 Global Benzyl Benzoate Market, by Type
2.4.1 Global Benzyl Benzoate Market Volume (Kilo Tons), by Type, 2016
2.4.2 Global Benzyl Benzoate Market Revenue (US$ Mn), by Type, 2016
2.5 Global Benzyl Benzoate Market, by Geography
2.5.1 Global Benzyl Benzoate Market Volume (Kilo Tons), by Geography, 2016
2.5.2 Global Benzyl Benzoate Market Revenue (US$ Mn), by Geography, 2016
Chapter 3 Global Benzyl Benzoate Market Dynamics
3.1 Overview
3.2 Market Drivers
3.2.1 High Demand from End-use Industries
3.3 Challenges
3.3.1 Volatile Raw Material Prices & Increasing Use of Substitutes
3.4 Future Prospects
3.4.1 Rising Demand from High Growth Economies
3.5 Attractive Investment Proposition by Application
3.6 Key Positioning of Market Players
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