| Product Code: ETC103723 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India cyclohexyl isocyanate market import shipments exhibited a robust CAGR of 17.1% from 2020 to 2024, indicating significant expansion. However, the growth rate moderated slightly to 13.0% between 2023 and 2024. Overall, the market demonstrated strong momentum with a positive upward trend during the period under review.
India Cyclohexyl Isocyanate (CHI) market is expected to grow at a healthy CAGR over the forecast period. The major drivers for this growth are increasing demand from automotive, construction and coatings industries. CHI is used as an important raw material in manufacturing polyurethane-based products which has higher application in automotive and furniture industries due to its properties such as heat resistance, chemical stability and good electrical insulation.
Rising demand for eco-friendly paints & coating solutions in building & construction industry further boosts the usage of CHI leading to increased market revenue during the forecast period.Further development of infrastructure coupled with growing investments by government has resulted into various infrastructural projects creating huge opportunities for expansion of this market across India region.
Stringent environmental regulations related to VOCs emissions might hamper the growth rate of cyclohexyl isocyanate market during the projected timeline. Moreover, fluctuation in price may pose challenges for manufacturers operating within India subcontinent.
The key players operating in India Cyclohexyl Isocyanate Market include company profiles like Huntsman Corporation., Nippon Shokubai Co Ltd., BASF SE , Dow Chemicals International Pvt Ltd., Covestro AG , Ashland Global Holdings Inc., Mitsui Chemicals India Pvt Ltd.
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 India Cyclohexyl Isocyanate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cyclohexyl Isocyanate Market Revenues & Volume, 2021 & 2031F |
3.3 India Cyclohexyl Isocyanate Market - Industry Life Cycle |
3.4 India Cyclohexyl Isocyanate Market - Porter's Five Forces |
3.5 India Cyclohexyl Isocyanate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Cyclohexyl Isocyanate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cyclohexyl Isocyanate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for polyurethane products in various industries such as automotive, construction, and furniture. |
4.2.2 Growing industrialization and urbanization leading to higher consumption of coatings, adhesives, sealants, and elastomers. |
4.2.3 Advancements in technology and research development efforts to enhance the production efficiency and quality of cyclohexyl isocyanate. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as cyclohexane and phosgene, impacting the production cost and profitability. |
4.3.2 Stringent regulations and compliance standards related to environmental and worker safety in the chemical industry. |
4.3.3 Competition from substitute products or alternative chemical compounds affecting the market penetration of cyclohexyl isocyanate. |
5 India Cyclohexyl Isocyanate Market Trends |
6 India Cyclohexyl Isocyanate Market, By Types |
6.1 India Cyclohexyl Isocyanate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Cyclohexyl Isocyanate Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Cyclohexyl Isocyanate Market Revenues & Volume, By Purity(>99%), 2021-2031F |
6.1.4 India Cyclohexyl Isocyanate Market Revenues & Volume, By Purity(99%-95%), 2021-2031F |
6.1.5 India Cyclohexyl Isocyanate Market Revenues & Volume, By Purity(<95%), 2021-2031F |
6.2 India Cyclohexyl Isocyanate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cyclohexyl Isocyanate Market Revenues & Volume, By Agricultural Chemicals, 2021-2031F |
6.2.3 India Cyclohexyl Isocyanate Market Revenues & Volume, By Pharmaceutical Materials, 2021-2031F |
6.2.4 India Cyclohexyl Isocyanate Market Revenues & Volume, By Others, 2021-2031F |
7 India Cyclohexyl Isocyanate Market Import-Export Trade Statistics |
7.1 India Cyclohexyl Isocyanate Market Export to Major Countries |
7.2 India Cyclohexyl Isocyanate Market Imports from Major Countries |
8 India Cyclohexyl Isocyanate Market Key Performance Indicators |
8.1 Research and development investment in new production processes or product formulations. |
8.2 Adoption rate of cyclohexyl isocyanate in key end-use industries. |
8.3 Number of patents filed or granted for innovations in cyclohexyl isocyanate applications. |
9 India Cyclohexyl Isocyanate Market - Opportunity Assessment |
9.1 India Cyclohexyl Isocyanate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Cyclohexyl Isocyanate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cyclohexyl Isocyanate Market - Competitive Landscape |
10.1 India Cyclohexyl Isocyanate Market Revenue Share, By Companies, 2024 |
10.2 India Cyclohexyl Isocyanate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |