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NEW YORK , April 6, 2022 /PRNewswire/ -- The global benzyl alcohol market size is expected to reach USD 87.1 Million in 2030 and register a revenue CAGR of 4.3% during the forecast period, according to a latest report by Reports and Data. Increasing use of benzyl alcohol in hair care products and as antimicrobial preservatives are key factors expected to drive market revenue growth during the forecast period. Increasing demand for benzyl alcohol in the construction industry is expected to drive the market between 2022 and 2030. Benzyl alcohol is widely used in hair care products such as hair oils, conditioners, and shampoos to treat the lines formed in the hair. This is increasing its use in hair care products which is expected to drive the market revenue growth. Benzyl alcohol is also widely used in the construction industry in adhesives, sealants, paints, and coatings to improve product's texture, fragrance, and shelf life. This is another factor increasing its adoption in construction industry and is expected to boost the revenue growth of the market. Additionally, the rising use of benzyl alcohol as antimicrobial preservative prevents bacterial growth.
However, concerns regarding side effects associated with benzyl alcohol and toxic effects of benzyl alcohol could hamper the revenue growth of the market. Additionally, overdose while using benzyl alcohol could lead to a long period of reaction, slow healing, and low efficiencies that could hamper the revenue growth of the market.
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For the purpose of this report, Reports and Data has segmented the global benzyl alcohol market based on grade, application, end-use, and region:
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