Benzyl Alcohol Price Trends (2023-2024): Market Correction & Future Forecast

Benzyl Alcohol Industrial Grade Prices: Year-on-Year Trends and 2025 Outlook

The industrial-grade Benzyl Alcohol market in China experienced notable price declines year-on-year from 2023 to 2024. In October 2023, prices were recorded at 2020 USD/MT, which dropped sharply to 1610 USD/MT in October 2024-a decrease of 20%. A similar downward trend continued in the following months. November saw prices fall from 1850 USD/MT in 2023 to 1590 USD/MT in 2024, marking a 14% decline. December experienced another significant drop, with prices slipping from 1880 USD/MT to 1520 USD/MT, representing a 19% year-on-year decrease.

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These declines are attributed to a combination of factors, including lower demand in certain end-use industries, oversupply, and fluctuations in raw material prices. Additionally, weakened global economic sentiment and tightening environmental regulations in China may have contributed to short-term disruptions and reduced production incentives.

However, looking ahead to 2025, market analysts from Expert Market Research anticipate a moderate price recovery. The outlook is supported by growing demand in the pharmaceutical and personal care sectors, where Benzyl Alcohol is commonly used as a solvent and preservative. Furthermore, potential volatility in raw material costs and logistics constraints could place upward pressure on prices.

While 2024 saw clear price corrections, 2025 is expected to offer more stability with a gradual upward trend, assuming global demand continues to strengthen and supply chain pressures persist. Businesses reliant on Benzyl Alcohol should monitor these market movements closely to plan procurement and production strategies effectively.

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Global Benzyl Alcohol Trade: Key Exporters, Importers, and Suppliers

Leading Exporting Countries

The global Benzyl Alcohol market is supported by strong supply from several major exporting countries. China stands as the largest exporter, leveraging its large-scale manufacturing and cost-efficient production. Germany and India follow closely, driven by their robust chemical sectors and technological advancements. Other key exporters include the Netherlands, United States, Spain, Belgium, and Canada, all of which have well-developed chemical manufacturing infrastructures that support large-scale export activity.

Top Importing Countries

On the import side, countries with growing pharmaceutical, cosmetic, and industrial sectors are leading demand. France is the largest importer of Benzyl Alcohol, reflecting its strong pharmaceutical and personal care manufacturing base. Poland, Egypt, Thailand, and Hungary also feature prominently, indicating rising regional consumption. Additionally, Australia, Norway, and Switzerland are significant importers, often relying on external supply due to limited domestic production capabilities.

Major Global Suppliers

Several globally recognized companies dominate the supply chain for Benzyl Alcohol. Merck KGaA (Germany) is a leading supplier known for its high-purity chemicals tailored for pharmaceutical and lab use. The U.S. is home to multiple major suppliers including Thermo Fisher Scientific Inc., Emerald Performance Materials, Alfa Aesar, and Elan Chemical, all of which serve various industrial and specialty chemical markets. From India, Tata Chemicals Ltd. and FINAR CHEMICALS are key players, supplying both domestic and international markets. The U.K.-based INEOS is another major name, known for its large-scale chemical production and global distribution network.

As the demand for Benzyl Alcohol continues to expand globally, particularly in healthcare and personal care sectors, the role of these exporting countries and major suppliers will become increasingly vital in ensuring stable supply and pricing.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Benzyl Alcohol Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for benzyl alcohol. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing benzyl alcohol prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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About Claight Corporation (Expert Market Research):

Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.

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