The latest report by IMARC Group, titled “India Polyols Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India polyols market size reached 422.2 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 649.9 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 7.61% during 2023-2028.
Polyols are essential chemical compounds used in various industries, particularly in the production of polyurethane foams and coatings. They are a type of alcohol compound that contains multiple hydroxyl groups. They are primarily derived from natural or synthetic sources and have a wide range of applications due to their versatility and properties. They play a crucial role in the production of polyurethane coatings, adhesives, sealants, and elastomers. They are extensively used as a key component in the production of flexible and rigid polyurethane foams, which find applications in insulation, furniture, automotive, and construction industries. At present, due to the growing demand for sustainable and energy-efficient solutions, the demand for polyols has significantly increased, making them a vital ingredient in the manufacturing sector in India.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-polyols-market/requestsample
India Polyols Market Trends and Drivers:
The thriving construction and infrastructure sectors in India are catalyzing the demand for polyurethane foams and coatings, which represents one of the key factors supportin the growth of the market. In addition, polyurethane foams are extensively used in insulation applications to enhance energy efficiency in buildings and reduce carbon emissions in the country. Besides this, the rapid urbanization and increasing disposable incomes are propelling the demand for furniture and automotive vehicles, which rely on polyurethane foams for comfort and durability. This, in turn, is bolstering the growth of the market in India. Moreover, the growing demand for eco-friendly polyols on account of the rising awareness about environmental sustainability and energy conservation is offering a favorable market outlook. Furthermore, key manufacturers in India are increasingly focusing on the development of bio-based polyols derived from renewable sources, such as vegetable oils and biomass.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Polyether Polyols
- Polyester Polyols
Breakup by Application:
- Flexible Polyurethane Foams
- Rigid Polyurethane Foams
- CASE (Coatings, Adhesives, Sealants & Elastomers)
- Others
Breakup by Industry:
- Carpet Backing
- Packaging
- Furniture
- Automotive
- Building & Construction
- Electronics
- Footwear
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/india-polyols-market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
