According to the latest report by IMARC Group “India Polyols Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the India polyols market is currently witnessing moderate growth. Looking forward, the market is expected to witness steady growth during the forecast period (2021-2026).
Polyols, also called sugar alcohols, are organic compounds made of multiple functional hydroxyl groups. They contain reduced-calorie carbohydrates that give them the taste and texture of table sugar with less calorie intake. As a result, polyols are widely utilized in the food and beverages industry as artificial sweeteners to produce sugar-free products, such as candies, chewing gum, baked goods, ice cream, fruit spreads, etc. Besides this, they have wide-ranging applications across several industries, such as automotive, packaging, furniture, automotive, electronics, construction, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The escalating demand for various derivatives of polyols, such as flexible polyurethane foams, coatings, elastomers, etc., is primarily driving the market for polyols in India. Furthermore, the growing automotive industry is propelling the demand for these products for manufacturing interior parts of automobiles. Besides this, the expanding construction industry driven by the rising population and housing requirements has increased the consumption of polyol-based building materials, such as exterior panels, insulation protective components, housing electronics, etc. Apart from this, the introduction of bio-based polyols derived from renewable raw materials is expected to positively impact the India polyols market in the coming years.
Breakup by Type:
- Polyether Polyols
- Polyester Polyols
Breakup by Application:
- Flexible Polyurethane Foams
- Rigid Polyurethane Foams
- CASE (Coatings, Adhesives, Sealants & Elastomers)
Breakup by Industry:
- Carpet Backing
- Building & Construction
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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