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The India polyols market is currently witnessing moderate growth. Looking forward, the market is expected to witness steady growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Polyols, also known as sugar alcohols, are organic compounds that consist of multiple hydroxyl groups. They contain reduced-calorie carbohydrates that provide the taste and texture of table sugar with less or half of the calories. Consequently, they are utilized in the food and beverage industry as artificial sweeteners to produce sugar-free products like chewing gum, candies, ice cream, baked goods, and fruit spreads. Apart from this, polyols have wide-ranging applications in the packaging, furniture, automotive, electronics, and building and construction industries.
The India polyols market is primarily driven by the increasing demand for different derivates of polyols, such as flexible polyurethane foams, elastomers, coatings. These products are extensively used by the automotive industry to manufacture interior parts of automobiles. Besides this, the growing construction industry driven by the increasing population and housing requirements has increased the consumption of polyol-based building materials, such as insulation protective components, exterior panels, and housing electronics. As these materials aid in conserving energy and minimizing greenhouse gas emissions, their increased demand is stimulating the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the India polyols market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, application and industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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