As per ChemAnalyst report, "India Polyol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand and Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer and Price Intelligence Market Analysis, 2015-2030". India Polyol market is projected to develop a healthy CAGR of during the forecasted time due to increasing demand of Polyols from key end use sectors such as Construction and Automotive.
Polyether polyols' is significantly used in manufacturing of polyurethane. Polyurethane is further used in furniture, bedding, automotive vehicle seats, floor covering and wall insulation. Other end uses for polyether polyols includes elastomers, glues and sealants, surface coatings and polyurethane filaments.
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Outbreak of novel Covid affected the country's Polyol demand as a few Indian ports announced power majeure to contain the spread of Covid pandemic. However, as market is recovering at a faster pace than expected and Government support to bring the industries back on track is making favourable conditions to stable the demand for Polyol.
As indicated by ChemAnalyst report, "India Polyol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand and Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer and Price Intelligence Market Analysis, 2016-2030", Currently, Manali Petrochemicals is the major producer of Polyol in India and holds major share in the domestic polyol market. Other companies operating in Annu Industries Ltd., shakun polymers Ltd. Gulshan polyol Ltd, Aether Industries, Amrit Polychem Private Ltd., Vithal castor private Ltd., Expanded polymer system Pvt. Ltd.
“Polyether polyol is the major leading segment in India Polyol Market. It is mainly used as a raw material in manufacturing of polyurethanes which is used in major growing sectors such as Construction and Automotive. Also Polyurethane foam is used in various furniture products which is a complementary industry to construction. Demand for Polyol is stabilizing at higher pace as expected post Covid-19." said Mr. Karan Chechi, Research Director with TechSci Research, an exploration based worldwide administration counseling firm advancing ChemAnalyst.
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India Polyol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Grade, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
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