Polyurethane market size in India | Size, Share & Industry Forecast 2025

Code: MTA10497 Publication Date: Nov 2025

What is the growth rate of the India Polyurethane Market?

According to 6Wresearch internal database and industry insights, the India Polyurethane Market is expected to grow at a CAGR of 8.5% during 2025-2031.

The main drivers of this growth are growing construction and infrastructure development, increased production of automobiles and demand for lightweight materials, rising consumer electronics and appliances adoption, and expanding domestic manufacturing under “Make in India” initiatives which boost polymer consumption in coatings, foams and elastomers.

Growth Factors for India Polyurethane Industry

  • Expansion of the building & construction sector driving demand for insulation and rigid foam.
  • Growth of the automotive industry requiring lightweight polyurethane components.
  • Rising consumption of furniture and bedding products using flexible foam.
  • Increased appliance and electronics output needing polyurethane for insulation and adhesives.
  • Government efforts to promote domestic polymer manufacturing and import substitution of raw materials.

India Polyurethane Market Trends

Trends in the India Polyurethane Market are observed in the increased use of bio-based polyols and recycled isocyanates in product formulations to achieve sustainability goals. There is a trend towards employing modularised rigid foam solutions for cold-chain warehousing and refrigerated transport. Flexible foam formulations for furniture are being adapted for the comfort segments of mattresses and seating. There is a general tendency towards more low-VOC polyurethane systems in adhesives and coatings to meet regulatory requirements.

Emerging Developments in the Polyurethane Market In India

Emerging developments in the India Polyurethane Market include the expansion of production capacities by global majors to reduce dependence on imported raw materials such as MDI and TDI. Some companies are introducing high-performance urethane applications for the interiors of electric vehicles and battery enclosures. Pilot projects are deploying smart polyurethane systems with embedded sensors for insulation monitoring in industrial warehouses. Manufacturers are also building value-chain integration to stabilise supply and ensure cost competitiveness.

List of Leading Companies in the India Polyurethane Market

Some of the leading companies include:

  • BASF India Limited
  • Covestro India Pvt. Ltd.
  • Huntsman International (India) Pvt. Ltd.
  • Manali Petrochemicals Limited
  • Reliance Industries Limited (Polyurethanes Division)
  • Oswal Petrochemicals Ltd.
  • India Glycols Limited

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