Global Polyols Market to Reach 4.0 Billion Pounds by 2015, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on polyols markets. The global market for polyols is forecast to reach 4.0 billion pounds by the year 2015. Key factors driving market growth include growing application of polyols in various end-use sectors including Food & Confectionery and Pharmaceuticals. Further, higher demand for the chemical in developing markets including Asia-Pacific is expected to fuel market growth.
San Jose, CA (Vocus/PRWEB) January 13, 2011
Worldwide economic recession negatively impacted the polyols market during 2008 and 2009. Drop in demand for polyols in various end-use sectors including industrial applications, and food and confectionery among others noticeably reduced the overall market revenues. The decline in demand was more noticeable in the US and Europe. In addition, the market witnessed a robust rise in feedstock prices that further niggled the manufacturers. To withstand the sharp increase in feedstock prices, several manufacturers chose to hike product prices. Discouraging market conditions forced several manufacturers to downsize their production activities or temporarily halt operations. However, the normalcy in the economy is poised to extend the market with favorable prospects to recover and post growth in the ensuing years. The market is likely to be driven by rising demand mainly in food and confectionery and pharmaceuticals end-use segments.
Europe represents the largest regional market for polyols worldwide, as stated by the new market research report on Polyols. Rising demand for low-calorie foods is driving the growth of Polyols market in Europe. The health benefits offered by these chemicals continue to attract European manufacturers to utilize them in pharmaceutical and oral care products. Asia-Pacific represents the fastest growing market with consumption projected to grow at a compounded annual rate of more than 3.0% over the analysis period.
Industrial Applications constitutes the largest end-use segment of polyols. Application of polyols at industrial level is more or less matured in the world market. At industrial level, polyols are mainly used in the production of polyurethane. Food & Confectionery represents the fastest growing end-use segment.
Over the years, consumers across the world have become more concerned about nutritional and health benefits of food. In industrialized countries consumers are more oriented towards healthy lifestyle and rely more on low-calorie foods. This has entailed food producers to focus more on changing trends. Food producers are seeking alternatives that would abet in reducing the calorie content without compromising on taste and appearance. Further, food producers have assumed calorie reduction as an effective marketing argument for increasing sales. Of the several methods adopted to reduce the calorie content in food such as fat replacement, the substitution of commercial sugar with polyols has gained wide application. Though polyols behave similar to sugar in final products, they possess much lower calorie content. With features such as sweet taste and fewer calories than sugar, polyols are increasingly gaining popularity in the food & confectionery segment.
Major players profiled in the report include Arch Chemicals Inc., BASF Group, BASF Polyurethanes GmbH, Bayer AG, Cargill Inc., Chemtura Corp., Corn Products U. S., Daicel Chemical Industries Ltd., Dow Chemical Company, Huntsman Corp., Nanjing Hongbaoli Co. Ltd., Perstorp AB, Roquette Freres, Shell Chemicals Ltd., SINOPEC Shanghai Gaoqiao Petrochemical Co. Ltd., and Stepan Co.
The research report titled “Polyols: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the polyols markets, recession trends, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for polyols market for the years 2007 through 2015 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key end-use segments analyzed include Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products, and Others. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www. strategyr. com/Polyols_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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