India Bio Based Polyurethane Market Size & Outlook
India bio based polyurethane market, 2018-2030 (US$K)
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India bio based polyurethane market highlights
- The India bio based polyurethane market generated a revenue of USD 1,797.7 thousand in 2023 and is expected to reach USD 3,087.0 thousand by 2030.
- The India market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
Bio based polyurethane market data book summary
| Market revenue in 2023 | USD 1,797.7 thousand |
| Market revenue in 2030 | USD 3,087.0 thousand |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
| Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
Other key industry trends
- In terms of revenue, India accounted for 4.8% of the global bio based polyurethane market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,666.3 thousand by 2030.
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Bio Based Polyurethane Market Scope
Bio Based Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
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India bio based polyurethane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio based polyurethane market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 50.13% in 2023. Horizon Databook has segmented the India bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing demand from various end -use industries such as building & construction, automotive, consumer goods, electrical & electronics, packaging, and others is anticipated to fuel the demand for bio-based polyurethane.
Increasing middle-class population, improving standard of living, and rising disposable income are factors contributing to the growth of building & construction industry, which, in turn, is expected to generate a demand for bio-based polyurethane over the forecast period.
Furthermore, government initiatives such as Make in India, Smart Cities Mission, and Housing for All are likely to drive building & construction industry in the country thereby creating demand for bio-based polyurethane in the coming years.
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Our clientele includes a mix of bio based polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into India bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India bio based polyurethane market size, by product, 2018-2030 (US$K)
India Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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