Benzyl Acetate Market: Introduction
Benzyl acetate is an organic Ester produced by the condensation of benzyl alcohol and acetic acid. Benzyl acetate is a transparent liquid which is used in application products such as shampoo, air fresheners, detergent, soap, perfume, cologne, bleach, deodorants and dishwashing liquid. Benzyl acetate has a pleasant sweet aroma and was typically found in wide varieties of flower. Benzyl acetate is widely used in production of cosmetic and personal care products.
Benzyl acetate is one of the most extensively used of perfumery material and especially for the production of jasmine and gardenia fragrances. Also, benzyl acetate has a widely used in cosmetics products along with perfumery owing to its pleasant fragrance. Benzyl acetate is prepared by the reaction of benzyl chloride and sodium acetate.
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Benzyl acetate is a mix of Jasmin and essential oils which found in ylang-ylang and neroil. Benzyl acetate has a pleasant & sweet aroma which found in reminiscent of jasmine and is used in personal care products like sun screen lotions, body lotions and hairs creams etc.
It is the compounds which is attractive to males of various species of orchid bees. It is collected through bees from intra-specific pheromone. Thus benzyl acetate also find application in apiculture where it is used in baits to collect bees. Benzyl acetate natural source are from varieties of flowers like jasmine, apple and pear.
Benzyl Acetate Market: Dynamics
The rising demand for benzyl acetate from all such applications like perfumery, health & hygiene products, cosmetics etc. is predicted to drive the global benzyl acetate market in the next few years. Benzyl acetate market is projected to grow at fast pace and achieve stable long term growth. Benzyl acetate market is witnessing increasing demand in food and beverages, soaps, detergents, cosmetics etc. It is use in solvent form in manufacture of fine chemicals and its use in the production of inks, coating is further expected to fuel market growth.
Countries such as China, Indonesia, Thailand and others having high for benzyl acetate demand given the high concentration of manufacturing hubs focused on personal care and cosmetic products in these countries. These factors are ultimately generating positive prospects for the demand of benzyl acetate market. As the fragrance and flavor industry is also expected to record a spectacular growth in upcoming years, thus the market for benzyl acetate is also expected to benefit from this trend.
Benzyl Acetate Market: Segmentation
The global Benzyl Acetate market can be segmented on the basis of type, vessel type and material.
On the basis of Product, Global Benzyl acetate market is segmented into:
- Synthetic Benzyl Acetate
- Natural Benzyl Acetate
On the basis of Applications, Global Benzyl acetate market is segmented into:
- Flavor and Fragrance
- Chemical Processing
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On the basis of End Use Industry, Global Benzyl acetate market is segmented into:
- Cosmetics & Personal Care Products
- Chemicals & Materials
- Food & Beverages
Benzyl Acetate Market: Regional Outlook
Asia pacific is projected as the fastest growing market for benzyl acetate; the chief reason behind the benzyl acetate demand is countries such as China, India, Malaysia, Indonesia and Thailand because the population of these countries is growing stupendous rate and this is helping in increase in the overall customer base for cosmetic & personal care products.
These rapid economic development of these countries and the purchase power parity of the citizen of these countries is increasing and these factors are resulting in intensifying demand & ever increasing customer base in these countries. Similarly, Latin America, Middle East, and parts of Africa are witnessing growth from last few years even as growth has stalled in developed regions of North America and Europe. However, demand for natural benzyl acetate is projected to grow substantially in North America & Europe regions, given the increasingly stringent regulations on chemical ingredients and growing preference for natural extract products.
Benzyl Acetate Market: Key Participant
Some of the key players in the global Benzyl Acetate Market are listed below:
- Hubei Phoenix Chemical Company
- Gayatri Minerals and Chemicals
- Hangzhou J&H Chemical
- Jinan Haohua Industry
- Tessenderlo Fine Chemicals
- Shanghai Meicheng Chemical
- Wuhan Fortuna Chemical
- Hangzhou Dayangchem
- Ibis Chemie International
- Elan Chemical Company
- Krupa Scientific
- Wuhan Senwayer Century chemical
- Zouping Mingxing Chemical
- Karl H. Boddin Chemiehandel
The research report on the Benzyl Acetate Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Benzyl Acetate Market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.
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