Market Forecast By Type (Water-based PU Resin, Solvent-based PU Resin, Others), By End Use (Paints & Coatings, Automobile, Pharmaceutical, Others), By Application (Furniture, Appliances, Automotive fuel, Footwear, Packaging, Others), By Sales Channel (Direct/Institutional Sales, Retail Sales, Other Channel Sales) And Competitive Landscape
Product Code: ETC5309225 | Publication Date: Nov 2023 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The Armenia Polyurethane Resin Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 15.74% in 2027, following an initial rate of 14.42%, before easing to 7.69% at the end of the period.
The Polyurethane Resin market in Armenia is projected to grow at a exponential growth rate of 15.74% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Polyurethane Resin Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Polyurethane Resin Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Polyurethane Resin Market - Industry Life Cycle |
3.4 Armenia Polyurethane Resin Market - Porter's Five Forces |
3.5 Armenia Polyurethane Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Armenia Polyurethane Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Polyurethane Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure development |
4.2.2 Rising demand from automotive and furniture sectors |
4.2.3 Increased usage in protective coatings and adhesives |
4.2.4 Government support for local manufacturing industries |
4.2.5 Advancements in sustainable and bio-based polyurethane resins |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices (MDI & TDI) |
4.3.2 Stringent environmental and regulatory compliance |
4.3.3 Lack of domestic production facilities |
4.3.4 Limited awareness about eco-friendly alternatives |
4.3.5 Supply chain disruptions and import dependency |
4.4 Market KPI |
4.4.1 Annual production/import volume (Tons) |
4.4.2 Average market price (USD/kg) |
4.4.3 Polyurethane resin usage in coatings and adhesives (%) |
4.4.4 Market penetration rate in automotive applications (%) |
4.4.5 Number of construction projects using polyurethane resin |
5 Armenia Polyurethane Resin Market Trends |
6 Armenia Polyurethane Resin Market Segmentations |
6.1 Armenia Polyurethane Resin Market, By Type |
6.1.1 Armenia Polyurethane Resin Market Revenues & Volume, By Water-Based, 2021-2031F |
6.1.2 Armenia Polyurethane Resin Market Revenues & Volume, By Solvent-Based, 2021-2031F |
6.1.3 Armenia Polyurethane Resin Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Polyurethane Resin Market, By Application |
6.2.1 Armenia Polyurethane Resin Market Revenues & Volume, By Construction, 2021-2031F |
6.2.2 Armenia Polyurethane Resin Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Armenia Polyurethane Resin Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Armenia Polyurethane Resin Market Revenues & Volume, By Electrical & Electronics, 2021-2031F |
6.2.5 Armenia Polyurethane Resin Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Polyurethane Resin Market – Supply Chain Analysis |
7.1 Raw Material Suppliers |
7.2 Manufacturers & Distributors |
7.3 End-User Industries |
8 Armenia Polyurethane Resin Market – Import-Export Statistics |
8.1 Import Analysis, Value & Volume |
8.2 Export Analysis, Value & Volume |
9 Armenia Polyurethane Resin Market - Opportunity Assessment |
9.1 Opportunity Assessment, By Type |
9.2 Opportunity Assessment, By Application |
10 Competitive Landscape |
10.1 Armenia Polyurethane Resin Market Share, By Company, 2024 |
10.2 Competitive Benchmarking – Operational & Financial Indicators |
11 Company Profiles |
12 Analyst Recommendations |
13 Disclaimer |