As of 2023, India registered imports of cellular sheet of polyurethane at 8.77 million kilograms. The forecast for 2024 to 2028 anticipates a steady growth with imports rising from 8.77 million kilograms in 2024 to 10.029 million kilograms by 2028.
The year-on-year analysis shows moderate growth, with an average annual increase of approximately 3.58%. This indicates a consistent upward trend in import volume, suggesting steady demand and potential expansion in sectors requiring polyurethane materials.
Future trends to watch for include:
- Technological advancements in polyurethane applications potentially increasing demand.
- Government trade policies affecting import volumes.
- Market disruptions from alternative materials replacing polyurethane.
- Shifts in global supply chain dynamics influencing import strategies.
