Global Diols and Polyhydric Alcohols Market, By Type (Diols, Polyhydric Alcohol), Application (Pharmaceuticals, Personal Care Products, Automotive Industry, Construction Industry, Textile, Resin and Fiber Industries, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, there has been immense growth in the health concerns, which further push population across the globe towards various healthy alternatives. Therefore, the market has been witnessing strong development in healthy and low calorie food, which have significantly contributed to the market expansion over the forecasted period.
Global Diols and Polyhydric Alcohols Market was valued at USD 1520.00 million in 2021 and is expected to reach USD 2262.90 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Diols basically implies the presence of two alcohols. Polyhydric alcohols are carbohydrate-derived bulk sweeteners made from starch, sucrose, and birch wood. The most essential property of polyols is that they behave in final products similarly to sugar yet have a substantially lower calorie content.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Diols, Polyhydric Alcohol), Application (Pharmaceuticals, Personal Care Products, Automotive Industry, Construction Industry, Textile, Resin and Fiber Industries, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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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Diols and Polyhydric Alcohols Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Demand and Utilization
Growing demand for low-calorie and healthful foods will drive market expansion. As the number of diabetics and obese people grows, so does the need for sugar alcohol (polyhydric alcohol). The building and automotive sectors drive the need for polyhydric alcohol (polyol) goods such as polyether polyol and polyester polyol. Other factors such as rising population health concerns, increased demand from the construction and automotive industries, growth in the automotive industry, and infrastructure development are likely to drive the diols and polyhydric alcohols market.
The global population growth and growing health concerns are anticipated to further propel the growth rate of diols and polyhydric alcohols market. Additionally, the infrastructure development will also drive market value growth. The growing automotive industry and growing textile, resin industries are projected to bolster the growth of the market.
Opportunities
- Surging Health Trend and Safety Regulations
Furthermore, the consumers’ trend towards healthy and low calorie food consumption habits extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Furthermore, government laws for environmental safety and concerns about petroleum-based products are compelling companies to develop new processes, which will create opportunities to enhance the diols and polyhydric alcohols market's future growth.
Restraints/Challenges
- Lack Of Research And Development
The excessive consumption of sugar alcohols might cause various side effects such as the bloating and diarrhea, which will create hindrances for the growth of the diols and polyhydric alcohols market.
- Negative Impact of COVID-19
Also, the supply chain disruption during COVID-19 will prove to be a demerit for the diols and polyhydric alcohols market. Therefore, this will challenge the diols and polyhydric alcohols market growth rate.
This diols and polyhydric alcohols 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 diols and polyhydric alcohols market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Diols and Polyhydric Alcohols Market
The recent outbreak of coronavirus had a negative impact on the diols and polyhydric alcohols market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease led to huge financial setback for the market. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Global Diols and Polyhydric Alcohols Market Scope
The diols and polyhydric alcohols market is segmented on the basis of type and application. The growth amongst these segments will help you analyze 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/Insights
The diols and polyhydric alcohols market is analyzed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the diols and polyhydric alcohols 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, Israel, Egypt, South Africa, 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 dominates the diols and polyhydric alcohols market because of the various government infrastructural projects such as the construction, metro, and the civil aviation projects in developing economies within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth due to the infrastructure development as well as the growing health concerns in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like 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.
Competitive Landscape and Diols and Polyhydric Alcohols Market Share Analysis
The diols and polyhydric alcohols 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 diols and polyhydric alcohols market.
Some of the major players operating in the diols and polyhydric alcohols 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)
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