Product Code: ETC341544 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India polyhydric alcohol market import shipments experienced robust growth with a CAGR of 16.2% from 2020 to 2024. However, there was a slight decline in growth momentum between 2023 and 2024, with a negative growth rate of -5.0%. Overall, the market exhibited a positive expansion trend, although showing signs of a slowdown in the most recent period.
The polyhydric alcohol market in India shows potential for growth, attributed to the chemical industry`s development and the wide application spectrum of polyhydric alcohols, including sorbitol, glycerol, and mannitol. These alcohols find use in food and beverages, pharmaceuticals, and personal care products. To ensure sustained growth, manufacturers need to adhere to quality standards and address challenges related to feedstock availability and cost fluctuations.
The India polyhydric alcohol market is poised for growth driven by multiple factors. The increasing demand for polyhydric alcohols, such as glycerol and sorbitol, in the food and beverage industry as sweeteners, thickeners, and humectants is a major driver. The pharmaceutical and personal care sectors also use these alcohols in various applications. As consumer preferences shift towards natural and organic products, the demand for plant-derived polyhydric alcohols could increase. However, price fluctuations of raw materials and regulatory challenges related to quality standards could impact market growth.
The polyhydric alcohol market in India is expected to grow due to applications in sectors like pharmaceuticals, cosmetics, and food processing. Challenges include sourcing raw materials, maintaining consistent product quality, and adhering to stringent regulatory standards. The industry also faces the task of educating customers about the benefits and uses of polyhydric alcohols and differentiating them from other ingredients.
The India polyhydric alcohol market experienced fluctuations during the COVID-19 pandemic. Industries such as cosmetics, pharmaceuticals, and automotive, which are major consumers of polyhydric alcohols, were affected due to disruptions in manufacturing and supply chain activities. However, the market is projected to recover as economic activities normalize, and demand from end-user industries rebounds. The increasing adoption of polyhydric alcohols in various applications, such as solvents, pharmaceutical excipients, and personal care products, will drive market growth in the forecast period.
The India polyhydric alcohol market is expected to grow with applications in industries like pharmaceuticals, cosmetics, and food. Challenges include the need for quality assurance and compliance with safety standards. Key players in this market include Merck India, Cargill India, and Roquette.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Polyhydric Alcohol Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyhydric Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyhydric Alcohol Market - Industry Life Cycle |
3.4 India Polyhydric Alcohol Market - Porter's Five Forces |
3.5 India Polyhydric Alcohol Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Polyhydric Alcohol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Polyhydric Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for polyhydric alcohols in industries such as pharmaceuticals, personal care, and food beverage |
4.2.2 Increasing awareness about the benefits of using polyhydric alcohols in manufacturing processes |
4.2.3 Government initiatives promoting the use of bio-based and sustainable chemicals |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production |
4.3.2 Lack of standardized regulations and quality control measures in the industry |
4.3.3 Competition from alternative chemical compounds affecting market penetration |
5 India Polyhydric Alcohol Market Trends |
6 India Polyhydric Alcohol Market, By Types |
6.1 India Polyhydric Alcohol Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Polyhydric Alcohol Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Polyhydric Alcohol Market Revenues & Volume, By Sorbitol, 2021-2031F |
6.1.4 India Polyhydric Alcohol Market Revenues & Volume, By Mannitol, 2021-2031F |
6.1.5 India Polyhydric Alcohol Market Revenues & Volume, By Xylitol, 2021-2031F |
6.1.6 India Polyhydric Alcohol Market Revenues & Volume, By Glycerol, 2021-2031F |
6.1.7 India Polyhydric Alcohol Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Polyhydric Alcohol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Polyhydric Alcohol Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 India Polyhydric Alcohol Market Revenues & Volume, By Health Care, 2021-2031F |
6.2.4 India Polyhydric Alcohol Market Revenues & Volume, By Others, 2021-2031F |
7 India Polyhydric Alcohol Market Import-Export Trade Statistics |
7.1 India Polyhydric Alcohol Market Export to Major Countries |
7.2 India Polyhydric Alcohol Market Imports from Major Countries |
8 India Polyhydric Alcohol Market Key Performance Indicators |
8.1 Research and development investment in new polyhydric alcohol formulations |
8.2 Adoption rate of polyhydric alcohols by key industries in India |
8.3 Number of new product launches and innovations in the polyhydric alcohol market in India |
9 India Polyhydric Alcohol Market - Opportunity Assessment |
9.1 India Polyhydric Alcohol Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Polyhydric Alcohol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Polyhydric Alcohol Market - Competitive Landscape |
10.1 India Polyhydric Alcohol Market Revenue Share, By Companies, 2024 |
10.2 India Polyhydric Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |