Benzyl Alcohol Market Report 2026

The benzyl alcohol market size has grown strongly in recent years. It will grow from $3.54 billion in 2025 to $3.76 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to growth in pharmaceutical manufacturing, expansion of personal care products, demand for specialty solvents, paint and coating industry growth, food preservation needs.

The benzyl alcohol market size is expected to see strong growth in the next few years. It will grow to $4.64 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to natural preservative demand, cosmetic industry expansion, pharmaceutical formulation growth, specialty chemical applications, regulatory push for safer solvents. Major trends in the forecast period include growing use as pharmaceutical solvent, increasing demand in cosmetic formulations, rising adoption as food grade preservative, expansion of paint and coating applications, focus on high purity benzyl alcohol grades.

The increasing demand for cosmetics and personal care products is expected to propel the growth of the benzyl alcohol market going forward. Cosmetics and personal care products include substances or formulations applied to the skin, hair, nails, lips, and oral cavity. Their rising demand is driven by growing interest in self-care, the influence of digital content creators, advancements in product formulations, and the shift toward natural and clean ingredients. Benzyl alcohol is essential in these products because it enhances safety, stability, and efficacy, while also providing skin-conditioning and fragrance-boosting benefits that improve the overall user experience. For example, in September 2024, the U.S. Bureau of Labor Statistics reported that spending on personal care products and services increased by 9.7% from 2022 to 2023, with its share of total annual expenditures remaining stable at 1.2%. Therefore, rising demand for cosmetics and personal care products is driving the benzyl alcohol market.

The increasing demand for processed food is expected to propel the growth of the benzyl alcohol market going forward. Processed foods are those altered from their original form to improve shelf life, flavor, convenience, or nutritional value. Demand is rising due to changing lifestyles, the need for longer shelf life, advancements in processing technologies, and convenient access to ready-to-eat options. Benzyl alcohol contributes to the quality, safety, and stability of processed foods by helping preserve freshness, flavor, and shelf life while supporting compliance with food safety standards. For instance, in 2023, the U.S. Department of Agriculture reported that U.S. agricultural exports totaled approximately US$175 billion, down from US$196 billion in 2022, largely due to reduced soybean and corn shipments to major international markets. Therefore, increasing demand for processed food is supporting the expansion of the benzyl alcohol market.

Major companies in the benzyl alcohol market are focusing on developing innovative solutions such as high-purity formulations to meet strict quality requirements across various industries. High-purity formulations contain a high concentration of the target substance with minimal impurities, ensuring consistent performance in industrial, cosmetic, and pharmaceutical applications. For example, in October 2025, Tech-Vina Joint Stock Company, a U.S.-based manufacturing firm, introduced Natural Benzyl Alcohol - a 100% naturally derived, eco-friendly, high-purity ingredient produced industrially in Vietnam. This product is designed for the global flavors and fragrances industry, providing a sustainable and traceable raw material that aligns with growing demand for natural and environmentally conscious formulations. It features a mild, sweet, floral aroma with subtle fruity and balsamic notes, making it suitable for perfumes, cosmetics, flavorings, and premium personal care products.

Major companies operating in the benzyl alcohol market are The Dow Chemical Company, Thermo Fisher Scientific Inc., Merck KGaA, Evonik Industries AG, LANXESS, Avantor Inc., Croda International plc, Ashland, Ineos Group Limited, Tokyo Chemical Industry Co. Ltd., Emerald Performance Materials, Honeywell Research Chemicals, Elan Chemical, Valtris Specialty Chemicals, Liaoning Kelong Fine Chemical Co. Ltd., Pharmco by Greenfield Global, Connect Chemicals, Wuhan Youji Industries Co. Ltd., Finar Limited, Richman Chemical Inc., Aims Oxygen Pvt Ltd., Shimmer Chemicals Pvt. Ltd., Wuhan Biet Co. Ltd.

North America was the largest region in the benzyl alcohol market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the benzyl alcohol market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the benzyl alcohol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The benzyl alcohol market consists of sales of technical grade benzyl alcohol, fragrance grade benzyl alcohol, laboratory grade benzyl alcohol, cosmetic grade benzyl alcohol, and electronic grade benzyl alcohol. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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