India Polyurethane Market Size & Outlook, 2024-2030
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India polyurethane market highlights
- The India polyurethane market generated a revenue of USD 5,265.0 million in 2024 and is expected to reach USD 9,002.4 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% from 2025 to 2030.
- In terms of segment, methylene diphenyl di-isocyanate was the largest revenue generating raw material in 2024.
- Polyols is the most lucrative raw material segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2024 | USD 5,265.0 million |
| Market revenue in 2030 | USD 9,002.4 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
Other key industry trends
- In terms of revenue, India accounted for 7.0% of the global polyurethane market in 2024.
- Country-wise, China 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.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,002.4 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RTP Company | View profile | 1001-5000 | Winona, Minnesota, United States, North America | http://rtpcompany.com |
| Mitsui & Co Ltd | View profile | 55874 | 1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8631 | https://www.mitsui.com |
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Woodbridge | View profile | 5001-10000 | Mississauga, Ontario, Canada, North America | https://www.woodbridgegroup.com |
| DIC Corp | View profile | 22255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | http://www.dic-global.com/en/index.html |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
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.
Methylene diphenyl di-isocyanate was the largest segment with a revenue share of 34.96% in 2024. Horizon Databook has segmented the India polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, India emerged as the second-largest polyurethane market in the region and accounted for significant revenue share.
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.
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Target buyers of India polyurethane market databook
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Our clientele includes a mix of polyurethane market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 raw material, 2018-2030 (US$M)
India Polyurethane Market Outlook Share, 2024 & 2030 (US$M)
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