In 2023, the import value of textile fabric impregnated, coated, covered, or laminated with polyurethane to India stood lower than the forecasted figure for 2024. The projections show a steady increase with a value of 152.65 million USD in 2024, growing to 173.87 million USD by 2028. The year-on-year growth rate from 2024 to 2028 is projected to vary, showing consistent positive trends. The compound annual growth rate (CAGR) over these five years indicates a moderate yet steady increase in import values, reflective of a strengthening demand for these materials in the Indian market.

Future trends to watch:

Rising demand for innovative and sustainable fabric solutions driven by consumer preferences and industry standards
Impact of trade policies and global supply chain dynamics on import volumes and pricing
Technological advancements in material sciences that may influence the scope and applications of polyurethane-coated fabrics