Global Polyhydric Alcohol Market – Overview
Polyhydric alcohol also known as polyol. Comprising the polyol group sugar alcohols are the naturally occurring and derived from plant products such as fruits. They are used in several food and beverages for additional sweetness. They are very well known for offering low calories and hence has gotten the importance because of the growing sales of products with lower calories. Polyhydric alcohol products such as polyether polyol and ethylene oxide polymerization has broad applications range in several industries like automotive industry, construction industry, textile , resin and fiber industries and many more other industries. The global demand for polyhydric alcohols is substantially increasing considering the growth of the application industries.
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Global Polyhydric Alcohol Market – Competitive Landscape
The global key manufacturing players of polyhydric alcohol are developing new technologies for production of polyhydric alcohols from natural sources. Government regulations for environmental safety and concerns over petroleum based products are forcing the producers to come up with new techniques to satisfy the global demand for polyhydric alcohol. The key players in the polyhydric alcohol market for sugar alcohols are A & Z Food Additives Co., Ltd.(China), Atlantic Chemicals Trading(Germany), Cargill, Inc. (US), Roquette Freres (France), Sanxinyuan Food Industry Corporation Limited (China) and others. The key players in polyhydric alcohol (polyol) market are BASF SE (Germany), Bayer AG (Germany), Cargill Inc. (US), Dutch Shell Plc (The Netherlands), Dow Chemical Company (U.S.), Lonza group (Switzerland), and Mitsui Chemicals (Tokyo).
Global Polyhydric Alcohol Market – Drivers and Restraints
There are several factors that are helping to drive the overall development of the global polyhydric alcohol market. The major driver for polyhydric alcohol market is demand for low calorie food. The changing trends in consumer lifestyle and growing concern over health are the key drivers for the polyhydric alcohol market. Steadily growing economies, high consumer pool specially in food industry, rising per capita income, large base of middle class population and growing health concerns are the key market drivers with expectancy of promising CAGR in near future for polyhydric alcohol market. The major market driver for polyhydric alcohol is demand from construction, automotive and other end use industries.
In addition to this, in recent years, consumers have been preferring towards low calorie and healthy foods. In the global food industry, polyhydric alcohol works as a good replacement for natural sugars. Increasing global population as well as growing healthcare concerns are some of the key drivers of the global polyhydric alcohol market.
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Global Polyhydric Alcohol Market – Geographical Outlook
The global polyhydric alcohol market is segmented into five key regions based on geography. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, the global market is primarily dominated by the regional segment of Asia Pacific. The region has been steadily growing in terms of production and volume. In addition to this, higher consumer pool, particularly in the food industry, increasing per capita income, increasing base of the middle class population, increasing health concerns are the key driving factors for the regional segment of Asia Pacific. The government infrastructure projects like construction, metro etc., civil aviation projects in developing Asian countries like India and China will eventually expand the consumption market share for polyhydric alcohol in this region. Application wise Polyurethane (Flexible foam) is largest segment with highest market share followed by polyurethane (Rigid Foam) which is the fastest growing segment.
The regional segments of North America and Europe are projected to witness promising growth opportunities in the coming years of the forecast period. The regional segments are expected to create strong opportunities for polyhydric alcohol from different industries such as automotive, construction and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.