Growth Potential in Indian Refrigerator Market and Polyurethane Demand

 

The remarkable growth is primarily due to the country’s large population base, hot climate and the growing home appliances penetration rate. Government policies and grid infrastructure improvements have also provided strong support for market growth.

Looking ahead, the Indian refrigerator market is projected to maintain rapid growth and be valued at USD 14 billion in 2028. Urbanization, power supply improvements and growing household purchasing power are poised to be key factors driving market expansion. Besides, polyurethane foams, as major insulation materials, will be more extensively applied, powering energy savings and sustainable development in the industry.

Source: PUdaily