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The Asia Pacific polyols market is currently witnessing moderate growth. Polyols refer to a group of organic compounds that consists of different hydroxyl groups. Also known as sugar alcohols, polyols contain a cluster of versatile carbohydrates with fewer calories than table sugar. Polyols are used in the food and beverage industry for manufacturing sugar-free and low-calorie products such as candies, chewing gums, ice creams, yogurt, and fruit spreads. They are also extensively used in consumer products like throat lozenges, breath mints, toothpaste, and mouthwash. They help improve the shelf-life and stability of the product by preventing crystallization and retaining moisture.
The Asia Pacific polyols market is primarily driven by the rising incidences of heart diseases, cancer and diabetes due to obesity and overweight issues. This has created increased awareness among consumers regarding their calorie intake. Consequently, the demand for polyols has escalated across the globe. Apart from this, polyols find applications in diverse industries. In the chemical industry, they are used in the production of sealants, elastomers, and adhesives. On the other hand, there has been a growing demand for polyols in the construction and automotive industry for manufacturing polyurethane foams. Flexible polyurethane foams, a polyol derivative, are used to make seating, headrests, arms rest, and heating and ventilating headliners. Besides this, the increasing need for insulation in low-income households to conserve energy efficiently has increased the demand for polyols in countries like China and India. China is also a major producer and consumer of polyols due to the availability of cheaper raw material and high vitamin C manufacturing capability. Furthermore, the development of bio-based polyols derived from renewable raw materials is also significantly impacting the market. Looking forward, the market is expected to witness steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific polyols market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, application and industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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