IMARC Group, a leading market research company, has released a report titled “United States Polyols Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The United States polyols market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.3 Billion by 2028, exhibiting a growth rate (CAGR) of 2.7% during 2023-2028.
Polyols, also known as sugar alcohols, are a class of low-calorie sweeteners and carbohydrates commonly used as sugar substitutes in various food and beverage products. They occur naturally in some fruits and vegetables but are often produced through industrial processes. They share a similar chemical structure to both sugars and alcohols. Some common types of polyols include erythritol, xylitol, sorbitol, and mannitol. These substances are typically used in sugar-free or reduced-sugar products, including chewing gum, candies, and baked goods. They offer a sweet taste with fewer calories than traditional sugars and can also have a cooling effect on the palate. Currently, polyols find extensive applications as sweeteners since they impart sweetness without causing a rapid spike in blood sugar levels, making them suitable for individuals with diabetes or those aiming to manage their sugar intake.
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United States Polyols Market Trends and Drivers:
The United States polyols market is primarily the rising demand for healthier and low-calorie alternatives in food and beverage products. Moreover, the increasing prevalence of health-conscious consumers, including those managing diabetes and pursuing weight management, has augmented the demand for polyols. Apart from this, the escalating demand for innovative food and beverage offerings has accelerated the adoption of polyols owing to their functional properties, such as their contribution to sugar-free and reduced-calorie formulations. Additionally, numerous advancements in production technologies, leading to enhanced product quality and cost-effectiveness, have catalyzed market growth. Furthermore, the emerging applications of polyols in the pharmaceuticals, personal care products, and industrial sectors are contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Polyether Polyols
- Polyester Polyols
Breakup by Application:
- Flexible Polyurethane Foams
- Rigid Polyurethane Foams
- CASE (Coatings, Adhesives, Sealants & Elastomers)
- Others
Breakup by Industry:
- Carpet Backing
- Packaging
- Furniture
- Automotive
- Building & Construction
- Electronics
- Footwear
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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