India Polyurethane Market Size & Outlook, 2022-2030
India polyurethane market, 2018-2030 (US$M)
Related Markets
India polyurethane market highlights
- The India polyurethane market generated a revenue of USD 7,651.1 million in 2022 and is expected to reach USD 11,445.0 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2022 | USD 7,651.1 million |
| Market revenue in 2030 | USD 11,445.0 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, India accounted for 7.4% of the global polyurethane market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 926.2 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 polyurethane market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 36.43% in 2022. Horizon Databook has segmented the India polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
The market in India is anticipated to grow on account of the high demand for polyurethane from construction and automotive industries coupled with growing consumer awareness regarding the quality and features offered by polyurethane products in various packaging and electronics applications.
Increasing production of commercial vehicles and passenger cars in the country is another factor projected to augment the growth of polyurethane market in India. Rising passenger traffic and increasing travel & tourism activities in the country on account of increasing consumer disposable income have fostered investments in luxurious products & services.
This factor has driven PU consumption in the automotive sector to develop unique, innovative, and sustainable products. The product also fosters lower vehicle density which, in turn, reduces fuel consumption and carbon emission levels.
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into India polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India polyurethane market size, by end use, 2018-2030 (US$M)
India Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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