Indonesia Polyhydric Alcohol Market (2024-2030) | Outlook, Size, Value, Forecast, Trends, Companies, Analysis, Growth, Industry, Revenue & Share

Topics Covered in Indonesia Polyhydric Alcohol Market Report

The Indonesia Polyhydric Alcohol Market Report thoroughly covers the market by type and application. The Indonesia Polyhydric Alcohol Market Outlook report provides an unbiased and detailed analysis of the ongoing Indonesia Polyhydric Alcohol Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Indonesia Polyhydric Alcohol Market Synopsis

Indonesia Polyhydric Alcohol Market has become one of the crucial markets and it is expected to grow tremendously during the forecast period due to the rising demand for sugary products and sugar substitutes, a rising population with rising disposable income, as well as a rise in the pharmaceutical industry.

According to 6Wresearch, the Indonesia Polyhydric Alcohol Market size is projected to increase at a CAGR of 7% during 2024-2030. Polyhydric alcohol demand in Indonesia is driven by several factors, including the increasing demand for sugary products and sugar substitutes, a growing population with rising disposable income, and an expanding pharmaceutical industry. Indonesia is the world's fourth most populous country, with a population of over 260 million. With the increasing population, the consumption of polyols has also increased significantly. Moreover, the Indonesian government is focused on developing the food and beverage industry to reduce the country's dependence on imported goods and boost economic growth. The growth in the food and beverage industry is driving the demand for polyols, especially in the production of sweeteners and additives for processed foods.

The industry faces some challenges, including volatile raw material prices, limited technology innovation, and the scarcity of high-quality raw materials. Raw materials such as corn and wheat, which are the primary sources of polyols, are subject to price fluctuations in the world market that impact the cost of production. Moreover, there is a limited supply of high-grade raw materials in Indonesia, which results in higher production costs. These challenges are hampering the Indonesia Polyhydric Alcohol Market Growth.

Polyhydric Alcohol Market in Indonesia: Key Players

In Indonesia, the polyhydric alcohol market is dominated by a few key players. Among them, Cargill is the largest manufacturer of polyols and has a significant market share. PT Sorini Agro Asia Corporindo Tbk, a subsidiary of Indonesia's Astra Agro Lestari, is another significant player in the industry. Other notable players include Danisco, Archer Daniels Midland, and the Indonesian Oleochemical Manufacturers Association.

Indonesia Polyhydric Alcohol Industry: Government Initiatives

The Indonesian government has taken several initiatives to support the polyhydric alcohol industry. Among them, the government has granted tax incentives and investment benefits to companies that invest in Indonesia's upstream and downstream petrochemical industries. Additionally, the government has announced its plans to promote the food industry, which includes the use of polyols in food additives and sweeteners.

Market Segmentation by Types

According to Shivankar, Research Manager, 6Wresearch, the sorbitol and xylitol segments are currently the fastest-growing types of polyhydric alcohol in the Indonesian market. However, the growth of the mannitol, glycerol, and other segments is still significant.

Market Segmentation by Application

On the basis of the application segment, the food application segment accounts for the largest share of the Indonesian polyhydric alcohol market.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Indonesia Polyhydric Alcohol Market Outlook
• Market Size of Indonesia Polyhydric Alcohol Market, 2023
• Forecast of Indonesia Polyhydric Alcohol Market, 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Revenues & Volume for the Period 2020 - 2030
• Indonesia Polyhydric Alcohol Market Trend Evolution
• Indonesia Polyhydric Alcohol Market Drivers and Challenges
• Indonesia Polyhydric Alcohol Price Trends
• Indonesia Polyhydric Alcohol Porter's Five Forces
• Indonesia Polyhydric Alcohol Industry Life Cycle
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Types for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Sorbitol for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Mannitol for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Xylitol for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Glycerol for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Food for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Health Care for the Period 2020 - 2030
• Historical Data and Forecast of Indonesia Polyhydric Alcohol Market Revenues & Volume By Others for the Period 2020 - 2030
• Indonesia Polyhydric Alcohol Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• Indonesia Polyhydric Alcohol Top Companies Market Share
• Indonesia Polyhydric Alcohol Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Polyhydric Alcohol Company Profiles
• Indonesia Polyhydric Alcohol Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Sorbitol
• Mannitol
• Xylitol
• Glycerol
• Others

By Application

• Food
• Health Care
• Others

Frequently Asked Questions About the Market Study: FAQ