Blog

Apr 04, 2025

Middle East's Diols and Polyhydric Alcohols Market to Reach 347K Tons and $813M by 2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Middle East - Diols And Polyhydric Alcohols - Market

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Middle East - Diols And Polyhydric Alcohols - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising demand, the diols and polyhydric alcohols market in the Middle East is expected to see continued growth with a CAGR of +3.1% in volume and +3.9% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 347K tons and the market value to reach $813M.

Driven by increasing demand for diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.1% for the period from 2024 to 2035, which is projected to bring the market volume to 347K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2024 to 2035, which is projected to bring the market value to $813M (in nominal wholesale prices) by the end of 2035.

For the sixth year in a row, the Middle East recorded growth in consumption of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol), which increased by 22% to 249K tons in 2024. Over the period under review, consumption showed a buoyant increase. The volume of consumption peaked in 2024 and is likely to see steady growth in the near future.

The size of the diols and polyhydric alcohols market in the Middle East surged to $536M in 2024, increasing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed strong growth. The level of consumption peaked in 2024 and is expected to retain growth in the near future.

Saudi Arabia (145K tons) remains the largest diols and polyhydric alcohols consuming country in the Middle East, accounting for 58% of total volume. Moreover, diols and polyhydric alcohols consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, Turkey (50K tons), threefold. The third position in this ranking was taken by the United Arab Emirates (18K tons), with a 7.3% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Saudi Arabia totaled +10.2%. In the other countries, the average annual rates were as follows: Turkey (+5.5% per year) and the United Arab Emirates (+4.7% per year).

In value terms, Saudi Arabia ($292M) led the market, alone. The second position in the ranking was taken by Turkey ($108M). It was followed by Lebanon.

From 2013 to 2024, the average annual growth rate of value in Saudi Arabia amounted to +13.5%. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+4.2% per year) and Lebanon (+1.7% per year).

The countries with the highest levels of diols and polyhydric alcohols per capita consumption in 2024 were Saudi Arabia (3.9 kg per person), Lebanon (2.3 kg per person) and Kuwait (2.2 kg per person).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Kuwait (with a CAGR of +10.4%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, production of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) in the Middle East totaled 192K tons, growing by 3.3% on 2023. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 82% against the previous year. Over the period under review, production hit record highs at 198K tons in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, diols and polyhydric alcohols production expanded markedly to $454M in 2024 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 57%. The level of production peaked at $478M in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

Saudi Arabia (153K tons) constituted the country with the largest volume of diols and polyhydric alcohols production, accounting for 80% of total volume. Moreover, diols and polyhydric alcohols production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Lebanon (15K tons), tenfold. The third position in this ranking was taken by Kuwait (14K tons), with a 7.5% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Saudi Arabia totaled +6.6%. The remaining producing countries recorded the following average annual rates of production growth: Lebanon (+5.9% per year) and Kuwait (+18.3% per year).

In 2024, the amount of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) imported in the Middle East skyrocketed to 81K tons, picking up by 20% compared with the previous year. Total imports indicated a moderate increase from 2013 to 2024: its volume increased at an average annual rate of +3.9% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -5.0% against 2022 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports hit record highs at 85K tons in 2022; however, from 2023 to 2024, imports stood at a somewhat lower figure.

In value terms, diols and polyhydric alcohols imports rose sharply to $157M in 2024. Overall, imports showed tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 91%. Over the period under review, imports reached the maximum at $258M in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In 2024, Turkey (50K tons) was the key importer of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol), creating 62% of total imports. The United Arab Emirates (16K tons) held the second position in the ranking, distantly followed by Iran (7.2K tons). All these countries together took near 29% share of total imports. The following importers - Israel (2.4K tons) and Saudi Arabia (2.3K tons) - each amounted to a 5.8% share of total imports.

Imports into Turkey increased at an average annual rate of +5.6% from 2013 to 2024. At the same time, Iran (+5.9%), Israel (+1.4%) and the United Arab Emirates (+1.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +5.9% from 2013-2024. By contrast, Saudi Arabia (-2.8%) illustrated a downward trend over the same period. While the share of Turkey (+9.7 p.p.) and Iran (+1.7 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of Saudi Arabia (-3.1 p.p.) and the United Arab Emirates (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($102M) constitutes the largest market for imported diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) in the Middle East, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($22M), with a 14% share of total imports. It was followed by Iran, with a 7.9% share.

From 2013 to 2024, the average annual growth rate of value in Turkey totaled +3.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+1.3% per year) and Iran (+5.0% per year).

In 2024, the import price in the Middle East amounted to $1,947 per ton, reducing by -4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 41%. The level of import peaked at $3,029 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Saudi Arabia ($3,899 per ton), while the United Arab Emirates ($1,396 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.0%), while the other leaders experienced more modest paces of growth.

For the third year in a row, the Middle East recorded decline in overseas shipments of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol), which decreased by -51.6% to 24K tons in 2024. In general, exports recorded a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of 117% against the previous year. The volume of export peaked at 112K tons in 2021; however, from 2022 to 2024, the exports failed to regain momentum.

In value terms, diols and polyhydric alcohols exports reduced sharply to $28M in 2024. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 190%. Over the period under review, the exports attained the peak figure at $277M in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

Saudi Arabia (10K tons) and the United Arab Emirates (7.8K tons) represented the largest exporters of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) in 2024, finishing at approx. 43% and 33% of total exports, respectively. It was distantly followed by Kuwait (4.7K tons), constituting a 20% share of total exports. The following exporters - Turkey (565 tons) and Iran (458 tons) - each recorded a 4.3% share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kuwait (with a CAGR of +64.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest diols and polyhydric alcohols supplying countries in the Middle East were Saudi Arabia ($13M), the United Arab Emirates ($9.8M) and Kuwait ($2.1M), with a combined 91% share of total exports.

Kuwait, with a CAGR of +44.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2024, the export price in the Middle East amounted to $1,156 per ton, with a decrease of -48.8% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 79% against the previous year. Over the period under review, the export prices attained the maximum at $2,636 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($3,496 per ton), while Kuwait ($443 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the other leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for diols and polyhydric alcohols in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles