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World Polyols Market

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This report analyzes the worldwide markets for Polyols in million lbs. The specific end-use segments discussed are Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics,Oral-Care Products, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 67 companies including many key and niche players worldwide such as Arch Chemicals, Inc., BASF AG, The Elastogran Group, Bayer AG, Cerestar, Chemtura Corp., Corn Products Specialty Ingredients, Dow Chemical Co., Huntsman Corp.,Nanjing Hongbaoli Co., Ltd., Perstorp AB, Roquette Freres, SINOPEC Shanghai Gaoqiao Petrochemical Co. Ltd., Shell Chemicals Ltd., and Stepan Co. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

POLYOLS MCP-2144 A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 Industrial Applications I-3 Food & Confectionery I-3 Pharmaceuticals I-4 Cosmetics I-4 Oral-Care Products I-4 Other End-Use Applications I-4

II. EXECUTIVE SUMMARY

1. Market Snapshots II-1 Worldwide Polyols Market at a Glance II-1 Analysis by Geographic Region II-2 Analysis by End-Use Segment II-2

2. Trends and Issues II-3 Changing Trends II-3 Food & Confectionery Products Drive Growth in Polyols Market II-3 Natural Oil Polyols Grab High Market Interests II-3

3. Product Profile II-4 Introduction to Polyols II-4 Popular Names for Polyols II-4 Production Process II-4 Applications II-4 Safety Issues II-5 Calorie Comparison with Sugar II-5

Table 1: FDA Permitted Calorific Values of Polyols for Sorbitol, Xylitol, Maltitol, Isomalt, Lactitol, Mannitol, Erythritol, and Hydrogenated Starch Hydrolysates (includes corresponding Graph/Chart) II-5 Basic and Specialty Polyols II-5 Polyols for Industrial Applications: Polyether Polyols Vs Polyester Polyols II-5 Thanol II-6 Castor Oil Polyols II-6 Gylcerin in Polyols II-6 Using Sorbitol to Develop Other Polyols II-6 Polyols Used as Sweeteners (Sugar Alcohols) II-7 Sorbitol II-7 Xylitol II-7 Mannitol II-7 Maltitol II-7 Isomalt II-7 Lactitol II-8 Hydrogenated Starch Hydrolysates (HSH) II-8

4. End-Use Segmentation II-9 Industrial Applications II-9 Polyol applications specifically connected to polyurethane: II-9 Sealants II-10 New Low Monol Polyether Polyols Enhance Polyurethane Sealants.... II-10 Polyol Prepolymers Used in Component-Applied Coatings II-10 SAA Polyols Enhance Characteristics of Paints II-10 Cross-Linked Polyols in Cotton/Polyester Fabrics II-10 Industrial Applications of Sorbitol II-10 Food and Confectionery II-10 Sweeteners (Food Additives) II-10 Second Generation Polyol Sweeteners Set to Grow II-11 Sorbitol II-11 Xylitol II-11 Mannitol II-12 Maltitol II-12 Isomalt II-12 Lactitol II-12 Hydrogenated Starch Hydrolysates (HSH) II-12 Pharmaceuticals II-12 Cosmetics II-13 Oral-Care Products II-13 Others II-13

5. Product Developments II-14 New Method for Xylitol Preparation II-14 Product Developments in the Global Polyols Market (2005 & 2006) II-14

6. Product Innovations/ Introductions II-15 Perstorp Unveils Oxymer® Range of Polycarbonate Diols II-15 Bayer Develops a New Natural Oil Polyols Technology II-15 Perstorp Introduces Robrac™ Polyols II-15 Bayer Launches ULTRACEL® U3000 High Resilience Polyol II-15 Perstorp Launches Charmor™ II-15 SPI Polyols Introduces Maltisweet™ Crystalline Maltitol II-16 Dow Launches Polycaprolactone Polyol II-16

7. Recent Industry Activity II-17 Gulshan Polyols to Merge with Gulshan Sugars & Chemicals II-17 Perstorp Acquires Polyols Business of Zibo Linzi Yongliu Chemical Industry II-17 Dow to Use Bayer’s New Polyols Technology II-17 Dow Chemical Acquires Pacific Plastics II-17 Corn Products International Acquires Remaining Stake in Getec Guanabara Química II-17 Perstorp Acquires Zibo Linzi Yongliu II-17 Huntsman Signs Agreement with Basic Chemical Industries II-18 Bayer Starts Production of Arcol® PPG-2000 Polyether PolyolII-18 Polyol Lawrence Industries Distributes Perstorp Polyol Products II-18 Perstorp Completely Acquires Hansol Perstorp II-18 Alcar Chemicals Group Signs Contract with A-M Polymer Industries II-18 Jacob Signs Contract with BASF II-18 Global Bio-Chem Technology Invests 800 million Yuan on Polyol Production II-19 Elastogran Acquires Chemtura’s Polyurethane Business II-19 Crompton Merges with Great Lakes Chemical II-19 Mitsubishi Gas Chemical Signs Joint Venture with Mitsubishi Chemical II-19 Atrium Technologies Acquires MultiChem II-19 Bayer Signs License Agreement with Shell II-19 Bayer and Asahi Sign License Agreement for High-Performance Polyether Polyols II-20 Perstorp Announces Investment in Polyols Plant II-20 Bayer Signs License Agreement with BASF II-20 Stepan and Sinopec Sign Joint Venture Agreement II-20

8. Focus on Select Global Players II-21 Arch Chemicals, Inc. (USA) II-21 BASF Group (Germany) II-21 The Elastogran Group (Germany) II-21 Bayer AG (Germany) II-21 Cerestar (Belgium) II-22 Chemtura Corp. (USA) II-22 Corn Products Specialty Ingredients (USA) II-22 Dow Chemical Company (USA) II-23 Huntsman Corp. (USA) II-23 Nanjing Hongbaoli Co., Ltd. (China) II-23 Perstorp AB (Sweden) II-23 Roquette Freres (France) II-24 SINOPEC Shanghai Gaoqiao Petrochemical Co. Ltd. (China) II-24 Shell Chemicals Ltd. (UK) II-24 Stepan Co. (USA) II-24

9. Global Market Perspective II-25

Table 2: World Recent Past, Current & Future Analysis for Polyols by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-25

Table 3: World Long-term Projections for Polyols by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-26

Table 4: World Historic Review for Polyols by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-27

Table 5: World 15-Year Perspective for Polyols by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe,Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-28

Table 6: World Recent Past, Current & Future Analysis for Polyols in Industrial Applications by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-29

Table 7: World Long-term Projections for Polyols in Industrial Applications by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-30

Table 8: World Historic Review for Polyols in Industrial Applications by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-31

Table 9: World 15-Year Perspective for Polyols in Industrial Applications by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-32

Table 10: World Recent Past, Current & Future Analysis for Polyols in Food & Confectionery by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-33

Table 11: World Long-term Projections for Polyols in Food & Confectionery by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-34

Table 12: World Historic Review for Polyols in Food & Confectionery by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-35

Table 13: World 15-Year Perspective for Polyols in Food & Confectionery by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-36

Table 14: World Recent Past, Current & Future Analysis for Polyols in Pharmaceuticals by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-37

Table 15: World Long-term Projections for Polyols in Pharmaceuticals by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-38

Table 16: World Historic Review for Polyols in Pharmaceuticals by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-39

Table 17: World 15-Year Perspective for Polyols in Pharmaceuticals by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-40

Table 18: World Recent Past, Current & Future Analysis for Polyols in Cosmetics by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-41

Table 19: World Long-term Projections for Polyols in Cosmetics by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-42

Table 20: World Historic Review for Polyols in Cosmetics by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-43

Table 21: World 15-Year Perspective for Polyols in Cosmetics by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-44

Table 22: World Recent Past, Current & Future Analysis for Polyols in Oral-Care Products by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-45

Table 23: World Long-term Projections for Polyols in Oral-Care Products by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-46

Table 24: World Historic Review for Polyols in Oral-Care Products by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-47

Table 25: World 15-Year Perspective for Polyols in Oral-Care Products by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-48

Table 26: World Recent Past, Current & Future Analysis for Polyols in Other End-Uses by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) II-49

Table 27: World Long-term Projections for Polyols in Other End-Uses by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) II-50

Table 28: World Historic Review for Polyols in Other End-Uses by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) II-51

Table 29: World 15-Year Perspective for Polyols in Other End-Uses by Geographic Region – Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-52

III. MARKET

1. The United States III-1 A.Market Analysis III-1 Current and Future Analysis III-1 US Demand for Alternative Sweeteners on the Rise III-1 Low-Calorie Sweeteners Gain Popularity III-1 Strategic Corporate Developments III-1 Product Launches III-2 Select Players III-3 Arch Chemicals, Inc. III-3 Chemtura Corp. III-3 Corn Products Specialty Ingredients III-3 Dow Chemical Company. III-4 Huntsman Corp. III-4 Stepan Co. III-4 B.Market Analytics III-5

Table 30: US Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-5

Table 31: US Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-5

Table 32: US Historic Review for Polyols by End-Use Segment- Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-6

Table 33: US 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-6

2. Canada III-7 A.Market Analysis III-7 Current and Future Analysis III-7 Erythritol: Striking Market Opportunities III-7 B.Market Analytics III-8

Table 34: Canadian Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-8

Table 35: Canadian Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-8

Table 36: Canadian Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics,Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-9

Table 37: Canadian 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-9

3. Japan III-10 A.Market Analysis III-10 Current and Future Analysis III-10 Strategic Corporate Developments III-10 Daicel Chemical Industries Ltd – A Major Player. III-10 B.Market Analytics III-11

Table 38: Japanese Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-11

Table 39: Japanese Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-11

Table 40: Japanese Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-12

Table 41: Japanese 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-12

4. Europe III-13 A.Market Analysis III-13 Current and Future Analysis III-13 Demand for Sugar-free Products Accelerates Growth in European Polyols Market III-13 Strategic Corporate Development III-13 B.Market Analytics III-14

Table 42: European Recent Past, Current & Future Analysis for Polyols by Geographic Region – France, Germany, Italy, UK, Spain, Russia, & Rest of Europe Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-14

Table 43: European Long-term Projections for Polyols by Geographic Region – France, Germany, Italy, UK, Spain, Russia, & Rest of Europe Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-14

Table 44: European Historic Review for Polyols by Geographic Region – France, Germany, Italy, UK, Spain, Russia, & Rest of Europe Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-15

Table 45: European 15-Year Perspective for Polyols by Geographic Region – Percentage Breakdown of Volume Consumption for France, Germany, Italy, UK, Spain, Russia, & Rest of Europe Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-16

Table 46: European Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-17

Table 47: European Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-17

Table 48: European Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics,Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-18

Table 49: European 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-18

4a. France III-19 A.Market Analysis III-19 Current and Future Analysis III-19 Roquette Freres – A Major Player III-19 B.Market Analytics III-19

Table 50: French Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-19

Table 51: French Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-20

Table 52: French Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-20

Table 53: French 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-21

4b. Germany III-22 A.Market Analysis III-22 Current and Future Analysis III-22 Strategic Corporate Developments III-22 Product Launch III-23 Select Players III-23 BASF Group III-23 The Elastogran Group III-23 Bayer AG III-24 B.Market Analytics III-24

Table 54: German Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-24

Table 55: German Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-25

Table 56: German Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-25

Table 57: German 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-26

4c. Italy III-27 Market Analysis III-27 Current and Future Analysis III-27

Table 58: Italian Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-27

Table 59: Italian Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-28

Table 60: Italian Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-28

Table 61: Italian 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-29

4d. The United Kingdom III-30 A.Market Analysis III-30 Current and Future Analysis III-30 Strategic Corporate Development III-30 Shell Chemicals Ltd. – A Major Player III-30 B.Market Analytics III-31

Table 62: UK Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-31

Table 63: UK Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-31

Table 64: UK Historic Review for Polyols by End-Use Segment- Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-32

Table 65: UK 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-32

4e. Spain III-33 Market Analysis III-33 Current and Future Analysis III-33

Table 66: Spanish Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-33

Table 67: Spanish Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-34

Table 68: Spanish Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-34

Table 69: Spanish 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-35

4f. Russia III-36 Market Analysis III-36 Current and Future Analysis III-36

Table 70: Russian Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-36

Table 71: Russian Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-37

Table 72: Russian Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-37

Table 73: Russian 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-38

4g. Rest of Europe III-39 A.Market Analysis III-39 Current and Future Analysis III-39 Strategic Corporate Developments III-39 Product Launches III-39 Select Players III-40 Cerestar (Belgium) III-40 Perstorp AB (Sweden) III-40 B.Market Analytics III-41

Table 74: Rest of Europe Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-41

Table 75: Rest of Europe Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2015 (includes corresponding Graph/Chart) III-42

Table 76: Rest of Europe Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-42

Table 77: Rest of Europe 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-43

5. Asia-Pacific III-44 A.Market Analysis III-44 Current and Future Analysis III-44 Growing Demand for Polyether Polyols in the Chinese Market III-44 Strategic Corporate Developments III-44 Select Players III-45 Nanjing Hongbaoli Co., Ltd. (China) III-45 SINOPEC Shanghai Gaoqiao Petrochemical Co. Ltd. (China) III-46 B.Market Analytics III-46

Table 78: Asia-Pacific Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-46

Table 79: Asia-Pacific Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-47

Table 80: Asia-Pacific Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics,Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-47

Table 81: Asia-Pacific 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-48

6. Middle East III-49 A.Market Analysis III-49 Current and Future Analysis III-49 Strategic Corporate Development III-49 B.Market Analytics III-50

Table 82: Middle East Recent Past, Current & Future Analysis for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-50

Table 83: Middle East Long-term Projections for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-51

Table 84: Middle East Historic Review for Polyols by End-Use Segment – Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-51

Table 85: Middle East 15-Year Perspective for Polyols by End-Use Segment – Percentage Breakdown of Volume Consumption for Industrial Applications,Food & Confectionery, Pharmaceuticals, Cosmetics,Oral-Care Products and Other End-Use Markets for1998, 2008 & 2012 (includes corresponding Graph/Chart) III-52

7. Latin America III-53 A.Market Analysis III-53 Current and Future Analysis III-53 Strategic Corporate Development III-53 B.Market Analytics III-54

Table 86: Latin America Recent Past, Current & Future Analysis for Polyols by End-Use Segment - Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2001 through 2010 (includes corresponding Graph/Chart) III-54

Table 87: Latin America Long-term Projections for Polyols by End-Use Segment - Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 2011 through 2015 (includes corresponding Graph/Chart) III-55

Table 88: Latin America Historic Review for Polyols by End-Use Segment - Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets Independently Analyzed with Annual Consumption Figures in Million lbs for Years 1991 through 2000 (includes corresponding Graph/Chart) III-55

Table 89: Latin America 15-Year Perspective for Polyols by End-Use Segment - Percentage Breakdown of Volume Consumption for Industrial Applications, Food & Confectionery, Pharmaceuticals, Cosmetics, Oral-Care Products and Other End-Use Markets for 1998, 2008 & 2012 (includes corresponding Graph/Chart) III-56

IV. COMPETITIVE LANDSCAPE

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