Product Code: ETC4475185 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India polyurethane dispersions market import shipment demonstrated strong growth with a CAGR of 8.4% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024, with a decrease of 2.3%. Overall, the market expanded steadily with a positive momentum, despite a minor dip in the last year.
The polyurethane dispersions market in India is growing at a rapid pace, primarily fueled by the automotive, coatings, and adhesives industries. Polyurethane dispersions are water-based alternatives to solvent-based polyurethanes and offer excellent performance characteristics. In the automotive sector, they are used for interior and exterior coatings, while the construction industry relies on them for waterproofing solutions. As environmental regulations become more stringent and the demand for eco-friendly coatings and adhesives rises, the polyurethane dispersions market stands to benefit. The market is marked by innovations in formulation and the development of environmentally friendly products, making it an important and evolving segment of the India chemicals and materials industry.
The India Polyurethane Dispersions market is thriving as it caters to a wide range of industries, including coatings, textiles, and adhesives. Polyurethane dispersions offer eco-friendly alternatives to solvent-based coatings and adhesives, meeting the growing demand for sustainable solutions. As environmental concerns and regulations continue to push for reduced volatile organic compounds (VOCs), the market for polyurethane dispersions is gaining momentum.
The polyurethane dispersions market in India faces challenges in terms of raw material availability and cost fluctuations, which can impact the pricing of the end products. Achieving the desired balance between performance, cost, and environmental sustainability is another hurdle, especially in a price-sensitive market. Regulatory compliance, including the management of VOC (Volatile Organic Compounds) emissions, is a critical challenge. Furthermore, market fragmentation and the need for continuous innovation to stay competitive make it a challenging landscape for manufacturers.
The polyurethane dispersions market in India faced challenges due to COVID-19 as construction projects and automotive production were delayed or halted. The demand for polyurethane dispersions in coatings and adhesives decreased. As the economy recovers and construction and automotive industries rebound, the market is expected to gradually regain momentum.
In the India polyurethane dispersions market, major players include Covestro, Lubrizol, Mitsui Chemicals, and Bayer MaterialScience. They offer a wide range of polyurethane dispersions used in coatings, adhesives, and textile applications.
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 Polyurethane Dispersions Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Polyurethane Dispersions Market Revenues & Volume, 2021 & 2031F |
3.3 India Polyurethane Dispersions Market - Industry Life Cycle |
3.4 India Polyurethane Dispersions Market - Porter's Five Forces |
3.5 India Polyurethane Dispersions Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Polyurethane Dispersions Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Polyurethane Dispersions Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable coatings in various industries |
4.2.2 Increasing use of polyurethane dispersions in the automotive sector for superior performance and durability |
4.2.3 Rising investments in infrastructure development projects leading to higher demand for polyurethane dispersions |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production costs of polyurethane dispersions |
4.3.2 Stringent environmental regulations regarding VOC emissions affecting the market growth |
4.3.3 Intense competition from alternative coating technologies hindering market expansion |
5 India Polyurethane Dispersions Market Trends |
6 India Polyurethane Dispersions Market, By Types |
6.1 India Polyurethane Dispersions Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Polyurethane Dispersions Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Polyurethane Dispersions Market Revenues & Volume, By Solvent-free, 2021-2031F |
6.1.4 India Polyurethane Dispersions Market Revenues & Volume, By Low-solvent, 2021-2031F |
6.2 India Polyurethane Dispersions Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Polyurethane Dispersions Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Polyurethane Dispersions Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.4 India Polyurethane Dispersions Market Revenues & Volume, By Leather finishing, 2021-2031F |
6.2.5 India Polyurethane Dispersions Market Revenues & Volume, By Textile finishing, 2021-2031F |
6.2.6 India Polyurethane Dispersions Market Revenues & Volume, By Others, 2021-2031F |
7 India Polyurethane Dispersions Market Import-Export Trade Statistics |
7.1 India Polyurethane Dispersions Market Export to Major Countries |
7.2 India Polyurethane Dispersions Market Imports from Major Countries |
8 India Polyurethane Dispersions Market Key Performance Indicators |
8.1 Research and development investments in new polyurethane dispersion formulations |
8.2 Adoption rate of polyurethane dispersions in key industries such as construction, automotive, and textiles |
8.3 Number of new applications and product innovations in the polyurethane dispersions market |
9 India Polyurethane Dispersions Market - Opportunity Assessment |
9.1 India Polyurethane Dispersions Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Polyurethane Dispersions Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Polyurethane Dispersions Market - Competitive Landscape |
10.1 India Polyurethane Dispersions Market Revenue Share, By Companies, 2024 |
10.2 India Polyurethane Dispersions Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |