Thailand Polyhydric Alcohol Market (2025-2031) Outlook | Trends, Analysis, Share, Growth, Value, Size, Forecast, Industry, Companies & Revenue

Thailand Polyhydric Alcohol Market Synopsis

The polyhydric alcohol market in Thailand is experiencing steady growth, driven by its versatile applications across industries like pharmaceuticals, food and beverage, cosmetics, and chemical manufacturing. Polyhydric alcohols, such as glycerol and pentaerythritol, are in high demand due to their use as humectants, stabilizers, and lubricants. Increasing consumer awareness of the health benefits associated with polyhydric alcohols in personal care products and the food industry is further boosting market growth. Thailand strategic location and a well-developed chemical manufacturing sector have positioned it as a significant player in the polyhydric alcohol market in Southeast Asia.

Drivers of the Market

The Thailand polyhydric alcohol market is witnessing significant growth due to various factors. Firstly, the chemical and pharmaceutical industries are major contributors, as polyhydric alcohols are essential raw materials for the production of various chemicals, pharmaceuticals, and personal care products. The versatile nature of polyhydric alcohols, including glycerol, pentaerythritol, and sorbitol, makes them valuable ingredients in a wide range of formulations. The growth of these industries in Thailand has driven demand. Moreover, the food and beverage industry utilizes polyhydric alcohols as sweeteners, humectants, and texturizers in food products and beverages. The demand for healthier and low-calorie food options has increased the use of polyhydric alcohols as sugar substitutes. Additionally, the cosmetics and personal care industry relies on polyhydric alcohols for formulating skincare and cosmetic products, driven by consumer preferences for natural and skin-friendly ingredients. Secondly, the pharmaceutical industry benefits from polyhydric alcohols as excipients in drug formulations, enhancing drug stability and solubility. Furthermore, the agrochemical sector uses polyhydric alcohols in the formulation of pesticides and herbicides, contributing to market expansion. Overall, the market`s growth is driven by a combination of industry-specific demands, regulatory requirements, and consumer trends towards healthier and sustainable products.

Challenges of the Market

The polyhydric alcohol market in Thailand faces hurdles related to fluctuating prices of feedstocks and increased competition from international suppliers. The industry must also address concerns about the environmental impact of production processes and the need for sustainable sourcing of raw materials. Meeting these challenges requires investments in technology and processes to improve efficiency and reduce the carbon footprint.

COVID-19 Impact on the Market

The polyhydric alcohol market in Thailand faced challenges during the COVID-19 pandemic. Reduced economic activity and restrictions on manufacturing and transportation led to a decline in demand for products like glycerol and sorbitol. The cosmetic and personal care sectors, major consumers of polyhydric alcohols, were also impacted. Despite these challenges, the market showed some recovery as hygiene and healthcare product demand increased, leading to a temporary shift in product applications.

Key Players in the Market

The polyhydric alcohol market in Thailand features key players like Bangkok Synthetics Co., Ltd. and Thai Ethanolamines Co., Ltd. These companies are instrumental in producing various polyhydric alcohols used in the chemical industry.

Key Highlights of the Report:

• Thailand Polyhydric Alcohol Market Outlook
• Market Size of Thailand Polyhydric Alcohol Market, 2024
• Forecast of Thailand Polyhydric Alcohol Market, 2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Revenues & Volume for the Period 2021-2031
• Thailand Polyhydric Alcohol Market Trend Evolution
• Thailand Polyhydric Alcohol Market Drivers and Challenges
• Thailand Polyhydric Alcohol Price Trends
• Thailand Polyhydric Alcohol Porter's Five Forces
• Thailand Polyhydric Alcohol Industry Life Cycle
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Sorbitol for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Mannitol for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Xylitol for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Glycerol for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Food for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Health Care for the Period 2021-2031
• Historical Data and Forecast of Thailand Polyhydric Alcohol Market Revenues & Volume By Others for the Period 2021-2031
• Thailand Polyhydric Alcohol Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Application
• Thailand Polyhydric Alcohol Top Companies Market Share
• Thailand Polyhydric Alcohol Competitive Benchmarking By Technical and Operational Parameters
• Thailand Polyhydric Alcohol Company Profiles
• Thailand Polyhydric Alcohol Key Strategic Recommendations