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Benzyl Benzoate Market By Type (Pharmaceutical Grade, Industrial Grade, Flavors And Fragrance Grade), By Application (Pharmaceuticals, Textile Auxiliaries, Flavors & Fragrance, Plasticizer) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

Benzyl benzoate is a kind of ester compound formed by the condensation of benzoate and benzyl alcohol and has several important applications. It forms either a viscous liquid or solid flakes and has a weak, sweet-balsamic odor. It can mainly be used in pharmaceuticals, textile auxiliaries, flavors and fragrances, and plasticizer applications. It is on the World Health Organization's List of Essential Medicines, a list of the most important medications needed in a basic health system. Benzyl benzoate lotion is commonly used for scabies treatment. Scabies is an infectious skin disease caused by microscopic mites known as Sarcoptes scabiei, which live inside human skin. It is also used in the treatment of pediculosis, which is a relatively common problem in schoolchildren in various parts of the world. The market size and forecast for each application are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period2017–20255.

Geographically, the global hand sanitizer market is studied for the following regional markets:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • rest of Latin America

Middle East and Africa

  • GCC
  • Rest of the Middle East and Africa

The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment propositions are also included in this study for the assessment of the market competition. The report concludes with a section on company profiles that highlight key information about the major market players operating in the global benzyl benzoate market.

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, Tianjia Dajia Chemical Co., Ltd., Wuhan Biet Co., Ltd., Wuhan Sinocon New Chemical Materials Co

Purpose of the Report

The purpose of this strategic research study titled "Global Benzyl Benzoate Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the benzyl benzoate market.

Target Audience

  • Industry Investors
  • Procurement Managers from End-User Companies
  • Benzyl Benzoate Manufacturers
  • Distributors

Based on product type, the benzyl benzoate market is categorized into the following segments:

  • Pharmaceutical Grade
  • Industrial Grade
  • Flavors and Fragrance Classification

In 2016, an industrial grade was observed to be the largest segment for benzyl benzoates, accounting for more than 50% of revenue share in the global benzyl benzoates market. Increasing use of benzyl benzoates in textile auxiliaries and plasticizers is projected to drive the demand for industrial-grade benzyl benzoates during the forecast period. The industrial grade segment is also expected to register the fastest CAGR by revenue in the upcoming years. Benzyl benzoate is a medication and insect repellent used for the treatment of scabies and lice. It is also used in various medicines used for the treatment of various diseases, such as asthma, hypogonadism, and others. It also finds application in textile auxiliaries and the preparation of flavors and fragrances.

Based on application, the benzyl benzoate market is categorized into the following segments:

  • Pharmaceuticals
  • Textile Auxiliaries
  • Flavors & Fragrance
  • Plasticizer

Pharmaceuticals (in scabies therapy), textile auxiliaries (dye carriers, leveling agents, sealants), flavors and fragrances (the sole solvent of musk), and plasticizers are the applications that drive the global benzyl benzoate market. In 2016, textile auxiliaries were observed to be the most dominant segment, accounting for more than 40% of the market share by volume and revenue in the global benzyl benzoates market. The segment is projected to grow at a significant CAGR by revenue and is expected to maintain its dominance through the forecast period. The plasticizer segment is expected to be the fastest-growing, with the highest CAGR by revenue from 2017 to 2025.

On the basis of geographical distribution, the global benzyl benzoate market is segmented into the following regional markets:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC
  • Rest of the Middle East and Africa

In 2016, Asia Pacific was identified as the largest region, accounting for more than 40% of the global benzyl benzoate market revenue. The region is also anticipated to witness the highest growth in consumption of benzyl benzoates during the forecast period (2017–2025). This growth is attributed to the rising textile, apparel, and pharmaceutical industries in the region. China is the largest regional market for benzyl benzoate, supported by the dominant textile and fragrance industries. India's spurring pharmaceutical and healthcare activity is projected to advance at a healthy rate, thus increasing the market demand for benzyl benzoate in the country. In addition, growing import and export activities by the developing economies owing to a shift in manufacturing bases to low-cost economies such as India and China are expected to drive the demand for benzyl benzoate over the forecast period.

Frequently Asked Questions:

The market for Benzyl Benzoate Market is expected to reach US$ 80.7 Mn By 2025.

The Benzyl Benzoate Market is expected to see significant CAGR growth over the coming years, at 4.4%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

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, Tianjia Dajia Chemical Co., Ltd., Wuhan Biet Co., Ltd. are some of the major players in the global market.

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Published Date:  Jul 2017
Category:  Chemicals
Report ID:   58547
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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