AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Polyols market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Polyols market to grow at a CAGR of 9.33%.
The Ingredients, such as Isomalt, is boosting the Polyols market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Polyols market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Demand for Polyols in Automotive & Construction Industry & its Expansion, Rising Efforts for Energy Conservation and The Inclination of Consumers towards Low-Calorie Food.
Polyols are alcohol compounds with more than one hydroxyl functional groups. They are widely used in the synthesis of polyurethanes, polyesters, and other polymer compounds. Polyols are also sugar-free sweetener used in the same amount as sugar used in food and beverage products. Further, Owing to the high demand for low-calorie food and changing the lifestyle of consumers with rapid industrialization and urbanization in emerging countries, these factors are driving the Global Polyols market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Polyols market by Type (Polyester Polyols and Polyether Polyols), by Application (Flexible Polyurethane Foams, Rigid Polyurethane Foams, CASE and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market