Market Overview:
The global benzenemethanol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for benzenemethanol from various applications such as coatings, stabilizers, resins and solvents, and medicine preservatives. Benzenemethanol is also used as a precursor for various chemicals such as methyl methacrylate and bisphenol A. These factors are expected to drive the growth of the global benzenemethanol market during the forecast period. On the basis of type, food grade accounted for majority share of 49% in 2017 and is projected to grow at a CAGR of 5%. Pharmaceutical grade was second largest type segment with 28% share in 2017; it is projected to grow at a CAGR of 6%. On basis on form, liquid held majority share with 66%, followed by powder (27%) and solid (7%). In terms of application, coatings solvent accounted for major share with 36%, followed by stabilizer (25%), resin solvent (15%), medicine preservatives (13%) and others segments accounting for 11%. Region-wise North America dominated with 38% market share in 2017; it is projected to grow at 4%. Asia Pacific was second largest region accounting 31%; it is projectedgrow at 7%.
Product Definition:
Benzene is an aromatic hydrocarbon and methoxybenzene is a substituted derivative of benzene. The functional group in benzenemethanol is the methoxy group (-OCH3), which is bonded to the benzene ring. Benzenemethanol can be used as a precursor to other organic molecules, such as plastics and pharmaceuticals. It has also been used as an antiseptic and a disinfectant.
By Grade:
By grade, it's usage.
The global by-grade is expected to witness significant growth over the forecast period. By-grade refers to chemicals that are produced on a commercial scale for a specific application. The chemical industry has been witnessing strong growth over the past few years owing to increasing demand from various end-use industries such as agriculture, construction, pharmaceuticals & fine chemicals among others.
Food Grade:
Food grade is the term used for products that are intended for human consumption and can be sold as such. The major difference between food-grade and industrial-grade is that food-grade materials are processed to a greater extent than industrial grades, in order to make them suitable for human consumption.
Application Insights:
The global benzeneethanol market is segmented on the basis of application into coating solvent, stabilizer, resin solvent, medicine preservatives and others. The coating solvent segment dominated the overall industry in terms of revenue share at over 40% in 2017. This high share is attributable to increasing demand for coatings from various end-use industries such as construction and automotive which are majorly driven by rising consumer spending on automobiles across regions coupled with rapid urbanization projects across countries such as China and India.
Increasing demand for coatings owing to its ability to protect metal surfaces against oxidation along with providing a smooth surface finish has been driving the product consumption globally since past few years.
Regional Analysis:
Asia Pacific was the largest market for benzene-ethanolamine complex in 2016, accounting for a share of over 45%. The region is expected to continue its dominance over the forecast period. This is attributed to increasing demand from end-use industries such as paints and coatings, pharmaceuticals, and others. In addition, growing population coupled with rising disposable income will drive product consumption in emerging countries such as China and India.
North America accounted for a significant share of global revenue owing to high demand from various end-use industries along with government support towards innovation & R&D activities related to ethanolamines. Europe also contributed significantly towards global benzene-ethanolamine complex market due to stringent regulations on manufacturing products that contain more than 0.5% ethanolamines by weight or volume (whichever higher).
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and printing inks.
- Rising demand for benzenemethanol in the production of solvents, plasticizers, surfactants, and other chemicals.
- Growing use of benzenemethanol as a precursor to manufacture various pharmaceuticals products.
- Increasing application scope of benzenemethanol in agrochemicals sector owing to its properties such as biodegradability and low toxicity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Benzenemethanol Market Research Report
By Type
By Grade, Food Grade, Pharmaceutical Grade, Others, By Form, Liquid, Powder, Solid
By Application
Coating Solvent, Stabilizer, Resin Solvent, Medicine Preservatives, Others
By Companies
TNJ Chemical, Lanxess, Krishna Chemicals, Emerald Kalama Chemical, Anmol Chemicals Group, AdooQ BioScience, Muby Chemicals, Gujarat Alkalies and Chemicals, INEOS, KH Chemcials, Pharmco-Aaper, Avantor Performance Materials, TaileChemie, Shimmer Chemicals, Hubei Greenhome Fine Chemical, Wuhan Youji Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Benzenemethanol Market Report Segments:
The global Benzenemethanol market is segmented on the basis of:
Types
By Grade, Food Grade, Pharmaceutical Grade, Others, By Form, Liquid, Powder, Solid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating Solvent, Stabilizer, Resin Solvent, Medicine Preservatives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TNJ Chemical
- Lanxess
- Krishna Chemicals
- Emerald Kalama Chemical
- Anmol Chemicals Group
- AdooQ BioScience
- Muby Chemicals
- Gujarat Alkalies and Chemicals
- INEOS
- KH Chemcials
- Pharmco-Aaper
- Avantor Performance Materials
- TaileChemie
- Shimmer Chemicals
- Hubei Greenhome Fine Chemical
- Wuhan Youji Industries
Highlights of The Benzenemethanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Grade
- Food Grade
- Pharmaceutical Grade
- Others
- By Form
- Liquid
- Powder
- Solid
- By Application:
- Coating Solvent
- Stabilizer
- Resin Solvent
- Medicine Preservatives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benzenemethanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Benzenemethanol is a type of alcohol. It is found in many common products, such as beer, wine, and liquor.
Some of the major players in the benzenemethanol market are TNJ Chemical, Lanxess, Krishna Chemicals, Emerald Kalama Chemical, Anmol Chemicals Group, AdooQ BioScience, Muby Chemicals, Gujarat Alkalies and Chemicals, INEOS, KH Chemcials, Pharmco-Aaper, Avantor Performance Materials, TaileChemie, Shimmer Chemicals, Hubei Greenhome Fine Chemical, Wuhan Youji Industries.
The benzenemethanol market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Benzenemethanol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Benzenemethanol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Benzenemethanol Market - Supply Chain
4.5. Global Benzenemethanol Market Forecast
4.5.1. Benzenemethanol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Benzenemethanol Market Size (000 Units) and Y-o-Y Growth
4.5.3. Benzenemethanol Market Absolute $ Opportunity
5. Global Benzenemethanol Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Benzenemethanol Market Size and Volume Forecast by Type
5.3.1. By Grade
5.3.2. Food Grade
5.3.3. Pharmaceutical Grade
5.3.4. Others
5.3.5. By Form
5.3.6. Liquid
5.3.7. Powder
5.3.8. Solid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Benzenemethanol Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Benzenemethanol Market Size and Volume Forecast by Application
6.3.1. Coating Solvent
6.3.2. Stabilizer
6.3.3. Resin Solvent
6.3.4. Medicine Preservatives
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Benzenemethanol Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Benzenemethanol Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Benzenemethanol Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Benzenemethanol Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Benzenemethanol Demand Share Forecast, 2019-2026
9. North America Benzenemethanol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Benzenemethanol Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Benzenemethanol Market Size and Volume Forecast by Application
9.4.1. Coating Solvent
9.4.2. Stabilizer
9.4.3. Resin Solvent
9.4.4. Medicine Preservatives
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Benzenemethanol Market Size and Volume Forecast by Type
9.7.1. By Grade
9.7.2. Food Grade
9.7.3. Pharmaceutical Grade
9.7.4. Others
9.7.5. By Form
9.7.6. Liquid
9.7.7. Powder
9.7.8. Solid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Benzenemethanol Demand Share Forecast, 2019-2026
10. Latin America Benzenemethanol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Benzenemethanol Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Benzenemethanol Market Size and Volume Forecast by Application
10.4.1. Coating Solvent
10.4.2. Stabilizer
10.4.3. Resin Solvent
10.4.4. Medicine Preservatives
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Benzenemethanol Market Size and Volume Forecast by Type
10.7.1. By Grade
10.7.2. Food Grade
10.7.3. Pharmaceutical Grade
10.7.4. Others
10.7.5. By Form
10.7.6. Liquid
10.7.7. Powder
10.7.8. Solid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Benzenemethanol Demand Share Forecast, 2019-2026
11. Europe Benzenemethanol Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Benzenemethanol Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Benzenemethanol Market Size and Volume Forecast by Application
11.4.1. Coating Solvent
11.4.2. Stabilizer
11.4.3. Resin Solvent
11.4.4. Medicine Preservatives
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Benzenemethanol Market Size and Volume Forecast by Type
11.7.1. By Grade
11.7.2. Food Grade
11.7.3. Pharmaceutical Grade
11.7.4. Others
11.7.5. By Form
11.7.6. Liquid
11.7.7. Powder
11.7.8. Solid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Benzenemethanol Demand Share, 2019-2026
12. Asia Pacific Benzenemethanol Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Benzenemethanol Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Benzenemethanol Market Size and Volume Forecast by Application
12.4.1. Coating Solvent
12.4.2. Stabilizer
12.4.3. Resin Solvent
12.4.4. Medicine Preservatives
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Benzenemethanol Market Size and Volume Forecast by Type
12.7.1. By Grade
12.7.2. Food Grade
12.7.3. Pharmaceutical Grade
12.7.4. Others
12.7.5. By Form
12.7.6. Liquid
12.7.7. Powder
12.7.8. Solid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Benzenemethanol Demand Share, 2019-2026
13. Middle East & Africa Benzenemethanol Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Benzenemethanol Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Benzenemethanol Market Size and Volume Forecast by Application
13.4.1. Coating Solvent
13.4.2. Stabilizer
13.4.3. Resin Solvent
13.4.4. Medicine Preservatives
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Benzenemethanol Market Size and Volume Forecast by Type
13.7.1. By Grade
13.7.2. Food Grade
13.7.3. Pharmaceutical Grade
13.7.4. Others
13.7.5. By Form
13.7.6. Liquid
13.7.7. Powder
13.7.8. Solid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Benzenemethanol Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Benzenemethanol Market: Market Share Analysis
14.2. Benzenemethanol Distributors and Customers
14.3. Benzenemethanol Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TNJ Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lanxess
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Krishna Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerald Kalama Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anmol Chemicals Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AdooQ BioScience
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Muby Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gujarat Alkalies and Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. INEOS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KH Chemcials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pharmco-Aaper
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Avantor Performance Materials
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TaileChemie
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shimmer Chemicals
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hubei Greenhome Fine Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wuhan Youji Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
