- Diols and polyhydric alcohols are versatile chemical compounds used as key intermediates in the production of polymers, resins, and other industrial applications, offering enhanced performance characteristics such as durability, flexibility, and chemical resistance
- The demand for these compounds is fueled by their widespread use in high-growth industries such as pharmaceuticals, personal care, and construction, as well as increasing focus on sustainable and bio-based alternatives to traditional petrochemical-based products
- North America dominated the diols and polyhydric alcohols market with the largest revenue share of 42.5% in 2024, driven by advanced manufacturing capabilities, strong R&D investments, and the presence of key industry players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, attributed to rapid industrialization, increasing demand for personal care products, and expanding construction activities in countries such as China and India
- The diols segment dominated the largest market revenue share of 62.5% in 2024, driven by their extensive use in producing polyesters, polyurethanes, and coatings, particularly in industries such as automotive and construction
