| Market revenue in 2025 | USD 5,991.9 million |
| Market revenue in 2033 | USD 17,071.0 million |
| Growth rate | 14.5% (CAGR from 2026 to 2033) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
| Key market players worldwide | Dow Inc, Basf SE, Covestro AG, Huntsman Corp, Eastman Chemical Co, Mitsui & Co Ltd, Mitsubishi Chemical Group Corp, Woodbridge, DIC Corp, RTP Company, The Lubrizol Corp, Tosoh Corp |
In 2023, India emerged as the second-largest polyurethane market in the region and accounted for significant revenue share.
The market in India is anticipated to grow on account of the high demand for polyurethane from construction and automotive industries coupled with growing consumer awareness regarding the quality and features offered by polyurethane products in various packaging and electronics applications.
Increasing production of commercial vehicles and passenger cars in the country is another factor projected to augment the growth of polyurethane market in India.
Publish Date: Mar 13, 2026
Last Updated: Aug 26, 2026
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| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Dow Inc | View profile | 35,900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | www.dow.com |
| Huntsman Corp | View profile | 6,000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | www.huntsman.com |
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| Eastman Chemical Co | View profile | 14,000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | www.eastman.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | www.lubrizol.com/ |
| Mitsubishi Chemical Group Corp | View profile | 74,632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | www.mcgc.com |
| DIC Corp | View profile | 22,255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | www.dic-global.com/en/index.html |
| Woodbridge | View profile | 5001-10000 | Mississauga, Ontario, Canada, North America | www.woodbridgegroup.com |
| Tosoh Corp | View profile | 14,266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | www.tosoh.com |
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Polyurethane Market Outlook will help companies and investors design strategic landscapes.
Methylene Diphenyl Di-Isocyanate was the largest segment with a revenue share of 38.53% in 2025.
Horizon Databook has segmented the India polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2021 to 2033.
In 2023, India emerged as the second-largest polyurethane market in the region and accounted for significant revenue share.
The market in India is anticipated to grow on account of the high demand for polyurethane from construction and automotive industries coupled with growing consumer awareness regarding the quality and features offered by polyurethane products in various packaging and electronics applications.
Increasing production of commercial vehicles and passenger cars in the country is another factor projected to augment the growth of polyurethane market in India.
Horizon Databook provides a detailed overview of country-level data and insights on the India Polyurethane Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Polyurethane Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
