Global Diols And Polyhydric Alcohols Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 1.68 Billion |
 Market Size (Forecast Year) |
USD 2.50 Billion |
 CAGR |
% |
| Major Markets Players |
Global Diols and Polyhydric Alcohols Market Segmentation, By Type (Diols and Polyhydric Alcohol), Application (Pharmaceuticals, Personal Care Products, Automotive Industry, Construction Industry, Textile, Resin and Fiber Industries, and Others) - Industry Trends and Forecast to 2031
Diols and Polyhydric Alcohols Market Analysis
The diols and polyhydric alcohols market is experiencing significant growth, driven by advancements in technology and innovative methods of production. Recent developments focus on bio-based and renewable sources, which are increasingly preferred over petroleum-derived alternatives. For instance, the use of glycerol, a by-product of biodiesel production, as a raw material for diol synthesis is gaining traction. This not only promotes sustainability but also reduces costs.
Moreover, advancements in catalytic processes have improved the efficiency of converting raw materials into diols. Techniques such as enzymatic catalysis and green chemistry approaches are minimizing waste and energy consumption, enhancing the overall environmental profile of production.
The growth of end-use industries, particularly in cosmetics, pharmaceuticals, and food & beverages, is further propelling demand for diols and polyhydric alcohols. For instance, their use as humectants and solvents in cosmetic formulations highlights their multifunctionality. Additionally, the rising trend of plant-based products is influencing market dynamics, as consumers increasingly favor sustainable and eco-friendly options. Overall, the diols and polyhydric alcohols market is set for robust growth, fueled by technological innovations and evolving consumer preferences.
Diols and Polyhydric Alcohols Market Size
The global diols and polyhydric alcohols market size was valued at USD 1.68 billion in 2023 and is projected to reach USD 2.50 billion by 2031, with a CAGR of 5.10% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Diols and Polyhydric Alcohols Market Trends
“Growing Demand for Bio-Based Diols”
The diols and polyhydric alcohols market is experiencing significant growth due to the rising demand for bio-based diols. With increased environmental awareness, manufacturers are shifting towards sustainable alternatives derived from renewable resources. For instance, companies such as BASF and DuPont are investing in the production of bio-based propylene glycol, a key diol used in various applications, including personal care and food products. This shift not only reduces carbon footprints but also appeals to eco-conscious consumers, further driving market growth. Additionally, government regulations promoting the use of renewable materials are accelerating the transition towards bio-based solutions in the chemical industry, bolstering the diols market.
Report Scope and Diols and Polyhydric Alcohols Market Segmentation
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Attributes |
Diols and Polyhydric Alcohols Key Market Insights |
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Segments Covered |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
A & Z Group.(China), Atlantic Chemicals Trading GmbH (Germany), Cargill, Incorporated (U.S.), Roquette Freres (France), Sanxinyuan Food Industry Limited (China), CHRYSO GROUP (France), Dupont (U.S.), BASF SE (Germany), Arkem S.A. (France), Bayer AG (Germany), (U.S.), Shell (The Netherlands), Dow (U.S.), Lonza group (Switzerland), Mitsui Chemicals Corporation (Japan) |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Diols and Polyhydric Alcohols Market Definition
Diols, also known as glycols, are organic compounds containing two hydroxyl (-OH) groups. They are classified as polyhydric alcohols, which are alcohols with multiple hydroxyl groups. Common instances include ethylene glycol and propylene glycol, widely used in antifreeze, de-icing agents, and as humectants in cosmetics and food products. Their chemical structure allows them to act as solvents, plasticizers, and intermediates in the production of polymers. Diols are crucial in various industrial applications, offering properties such as hygroscopicity and low volatility, making them essential in manufacturing processes ranging from plastics to pharmaceuticals.
Diols and Polyhydric Alcohols Market Dynamics
Drivers
- Growing Demand in Personal Care Products
The increasing consumer focus on skincare and cosmetic products significantly drives the diols and polyhydric alcohols market. Ingredients such as glycerin and propylene glycol are highly sought after for their effective humectant and moisturizing properties, essential in formulations for creams, lotions, and serums. For instance, glycerin is often used in hydrating skincare products, helping to retain moisture in the skin. Additionally, the rising trend of clean and natural beauty products has led to the increased use of plant-derived diols, further expanding their application in the personal care sector. This heightened demand is projected to bolster market growth in the coming years.
- Increasing Application in Food and Beverages
The food and beverage industry significantly drives the diols and polyhydric alcohols market, utilizing compounds such as glycerol and propylene glycol as sweeteners, preservatives, and humectants. The growing consumer preference for healthier food options has led to an increased demand for natural sweeteners, prompting manufacturers to incorporate diols in their formulations. For instance, glycerol is commonly used in low-calorie products, while propylene glycol is favored for its ability to retain moisture in baked goods. This trend towards cleaner labels and functional ingredients further boosts market growth, as companies seek to meet consumer demands for transparency and healthier alternatives in their food offerings.
Opportunities
- Increasing Demand in the Chemical Industry
The diols and polyhydric alcohols market is significantly boosted by their role as crucial intermediates in producing a variety of chemicals, notably polyurethanes and polyester resins. For instance, propylene glycol is widely used in creating flexible polyurethane foams, essential for applications in furniture, automotive seating, and insulation materials. Additionally, the growing demand for high-performance lubricants in automotive and industrial applications is driving the need for diols such as ethylene glycol, known for their excellent thermal stability. As the global chemical manufacturing sector continues to expand, the reliance on diols as foundational components offers substantial opportunities for market growth and innovation in product development.
- Rising Awareness of Sustainable Practices
The increasing emphasis on sustainability and green chemistry is fostering significant growth in the diols and polyhydric alcohols market. Consumers and manufacturers are shifting towards eco-friendly products, leading to a surge in demand for bio-based diols sourced from renewable resources. For instance, companies such as BASF are developing bio-based alternatives to conventional diols, such as propylene glycol derived from renewable plant sources. This transition not only reduces environmental impact but also aligns with global regulatory trends favoring sustainable practices. Consequently, the growing awareness of sustainability presents lucrative opportunities for manufacturers to innovate and expand their product lines in the eco-conscious market landscape.
Restraints/Challenges
- Volatility in Raw Material Prices
Volatility in raw material prices poses a significant challenge for the diols and polyhydric alcohols market. The costs of essential raw materials, particularly petrochemicals, are subject to frequent fluctuations due to geopolitical tensions, supply chain disruptions, and changes in global demand. Additionally, the availability of bio-based feedstocks can vary, impacting production stability and costs. These unpredictable price changes directly affect profit margins for manufacturers, as they may struggle to maintain competitive pricing while managing higher production costs. Consequently, this volatility can deter investment and hinder overall market growth, making it difficult for companies to implement long-term strategic plans effectively.
- Competition from Substitutes
Competition from substitutes significantly hinders the diols and polyhydric alcohols market. The rising availability of alternative materials, particularly bio-based solvents and other chemicals, presents a formidable challenge to traditional diols. These substitutes often offer comparable performance at potentially lower costs, attracting consumers seeking sustainable options. As a result, manufacturers of diols and polyhydric alcohols face intense pressure to differentiate their products and maintain market share. This competition can lead to reduced pricing power and profit margins, forcing companies to continuously innovate while navigating the complexities of evolving consumer preferences. Consequently, the growing popularity of alternative materials threatens the overall growth and stability of the market.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Diols and Polyhydric Alcohols Market Scope
The market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Diols
- Polyhydric Alcohol
Application
- Pharmaceuticals
- Personal Care Products
- Automotive Industry
- Construction Industry
- Textile
- Resin and Fiber Industries
- Others
Diols and Polyhydric Alcohols Market Regional Analysis
The market is analysed and market size insights and trends are provided by type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the diols and polyhydric alcohols market due to significant government infrastructural projects, including construction, metro systems, and civil aviation initiatives. These developments in growing economies are driving demand for diols and polyhydric alcohols, which are essential in various applications such as automotive, coatings, and plastics. The region's focus on modernization further enhances its market leadership.
Asia-Pacific is expected to show lucrative growth in the diols and polyhydric alcohols market, driven by significant infrastructure development and increasing health concerns in the region. The rising demand for sustainable and bio-based products further fuels market expansion. Additionally, government initiatives promoting environmental sustainability and innovations in manufacturing processes are anticipated to enhance the region's competitiveness, attracting investments and boosting overall market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Diols and Polyhydric Alcohols Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Diols and Polyhydric Alcohols Market Leaders Operating in the Market Are:
- A & Z Group.(China)
- Atlantic Chemicals Trading GmbH (Germany)
- Cargill, Incorporated (U.S.)
- Roquette Freres (France)
- Sanxinyuan Food Industry Limited (China)
- CHRYSO GROUP (France)
- Dupont (U.S.)
- BASF SE (Germany)
- Arkem S.A. (France)
- Bayer AG (Germany)
- Shell (The Netherlands)
- Dow (U.S.)
- Lonza group (Switzerland)
- Mitsui Chemicals Corporation (Japan)
Latest Developments in Diols and Polyhydric Alcohols Market
- In August 2024, Cosphatec has introduced a new palm oil-free diol, Cosphaderm Propanediol Natural Palm Free, compliant with COSMOS and NATRUE standards. This addition enriches their existing diol range, offering extensive applications in skin and hair care. Derived from the fermentation of non-GMO corn, this transparent and colorless diol boasts exceptional water solubility, enhancing its effectiveness as a moisturizer and humectant, while also functioning as a non-sticky emollient and solvent. Moreover, it supports preservation systems by inhibiting microbial growth, ensuring formulation stability
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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