India Epoxy Resin Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Description
Persistence Market Research has recently released a detailed report on the India Epoxy Resin Market (2025–2032). This report provides a comprehensive analysis of key market dynamics, including drivers, trends, opportunities, and challenges, offering valuable insights into the market structure and future outlook.
Key Insights:
The India epoxy resin market encompasses the production, supply, and applications of epoxy resins across key industries such as paints and coatings, composites, adhesives and sealants, and electrical and electronics. Epoxy resins are thermosetting polymers renowned for their excellent mechanical strength, chemical resistance, adhesion, and insulating properties. These materials find extensive use in infrastructure, automotive, wind energy, electronics, and other industrial applications. The report analyzes market trends, demand drivers, and growth opportunities shaping the future of epoxy resin consumption throughout India.
Market Growth Drivers:
The India epoxy resin market is propelled by several key growth drivers. Rapid industrialization and expanding infrastructure projects across India continue to increase demand for high-performance materials such as epoxy resins. Government initiatives aimed at urban development and manufacturing growth—aligned with the goal of increasing manufactured products exports—offer strong support to domestic industries, including epoxy resin manufacturers.
Sector-wise, the construction industry represents a significant segment due to the extensive use of epoxy-based coatings, adhesives, and flooring solutions that offer superior durability and protection. Furthermore, the renewable energy sector—particularly wind energy—spurs additional demand for epoxy resins used in wind turbine blades due to their durability and mechanical performance properties.
The expanding electrical and electronics ecosystem in India also contributes to rising epoxy resin adoption. Initiatives such as the Production Linked Incentive (PLI) scheme and accelerated electrification support the increased requirement for insulating and encapsulating materials in electrical components and PCBs.
Market Restraints:
Despite promising growth prospects, the market faces a few challenges. There is a gradual shift toward low- and zero-VOC (volatile organic compound) alternatives across industries due to environmental regulations and growing consumer awareness concerning sustainability. Regulatory norms regarding hazardous chemicals such as bisphenol A (a core raw material for many conventional epoxy resins) drive manufacturers and end-users toward eco-friendly formulations. However, these sustainable alternatives often come at higher costs, potentially limiting rapid adoption among price-sensitive segments.
Fluctuations in raw material prices driven by global supply chain dynamics and reliance on petroleum-based feedstocks also present challenges for market stability and profitability. Additionally, regulatory pressures and compliance requirements related to emissions and waste management necessitate investments in cleaner production processes.
Market Opportunities:
The India epoxy resin market offers significant opportunities, particularly in emerging application areas. The growing medical device manufacturing sector presents a lucrative avenue, especially for customized epoxy resins with high chemical resistance, biocompatibility, and mechanical precision required for implants and prosthetics.
Untapped potential also exists in packaging and marine coatings segments, where epoxy resins can offer enhanced protective properties. Continued innovation in bio-based and recyclable epoxy solutions aligns with sustainability trends and can differentiate product portfolios in a competitive landscape. Strategic collaborations and R&D investments are expected to unlock new applications and market segments.
Key Questions Answered in the Report:
The competitive landscape of the India epoxy resin market includes both international and domestic manufacturers. Leading companies emphasize innovation, product enhancement, and strategic partnerships to expand market presence. These players are investing in new manufacturing facilities and enhancing capacity to cater to evolving demand across applications. Focused efforts on developing bio-based and sustainable resin solutions underscore the industry’s alignment with global environmental mandates.
Additionally, collaborations between Indian firms and global technology partners exhibit increased focus on recyclable and performance-driven epoxy systems, particularly for renewable energy applications. Case in point: partnerships for recyclable wind farm epoxy systems indicate a strategic shift toward sustainable product offerings.
Key Companies Profiled:
By Raw Material:
Please Note: It will take 5 business days to complete the report upon order confirmation.
Key Insights:
- India Epoxy Resin Market Size (2025E): US$ 730.7 Mn
- Projected Market Value (2032F): US$ 1,120.7 Mn
- Growth Rate (CAGR 2025 to 2032): 6.3%
The India epoxy resin market encompasses the production, supply, and applications of epoxy resins across key industries such as paints and coatings, composites, adhesives and sealants, and electrical and electronics. Epoxy resins are thermosetting polymers renowned for their excellent mechanical strength, chemical resistance, adhesion, and insulating properties. These materials find extensive use in infrastructure, automotive, wind energy, electronics, and other industrial applications. The report analyzes market trends, demand drivers, and growth opportunities shaping the future of epoxy resin consumption throughout India.
Market Growth Drivers:
The India epoxy resin market is propelled by several key growth drivers. Rapid industrialization and expanding infrastructure projects across India continue to increase demand for high-performance materials such as epoxy resins. Government initiatives aimed at urban development and manufacturing growth—aligned with the goal of increasing manufactured products exports—offer strong support to domestic industries, including epoxy resin manufacturers.
Sector-wise, the construction industry represents a significant segment due to the extensive use of epoxy-based coatings, adhesives, and flooring solutions that offer superior durability and protection. Furthermore, the renewable energy sector—particularly wind energy—spurs additional demand for epoxy resins used in wind turbine blades due to their durability and mechanical performance properties.
The expanding electrical and electronics ecosystem in India also contributes to rising epoxy resin adoption. Initiatives such as the Production Linked Incentive (PLI) scheme and accelerated electrification support the increased requirement for insulating and encapsulating materials in electrical components and PCBs.
Market Restraints:
Despite promising growth prospects, the market faces a few challenges. There is a gradual shift toward low- and zero-VOC (volatile organic compound) alternatives across industries due to environmental regulations and growing consumer awareness concerning sustainability. Regulatory norms regarding hazardous chemicals such as bisphenol A (a core raw material for many conventional epoxy resins) drive manufacturers and end-users toward eco-friendly formulations. However, these sustainable alternatives often come at higher costs, potentially limiting rapid adoption among price-sensitive segments.
Fluctuations in raw material prices driven by global supply chain dynamics and reliance on petroleum-based feedstocks also present challenges for market stability and profitability. Additionally, regulatory pressures and compliance requirements related to emissions and waste management necessitate investments in cleaner production processes.
Market Opportunities:
The India epoxy resin market offers significant opportunities, particularly in emerging application areas. The growing medical device manufacturing sector presents a lucrative avenue, especially for customized epoxy resins with high chemical resistance, biocompatibility, and mechanical precision required for implants and prosthetics.
Untapped potential also exists in packaging and marine coatings segments, where epoxy resins can offer enhanced protective properties. Continued innovation in bio-based and recyclable epoxy solutions aligns with sustainability trends and can differentiate product portfolios in a competitive landscape. Strategic collaborations and R&D investments are expected to unlock new applications and market segments.
Key Questions Answered in the Report:
- What are the main factors driving the growth of the India epoxy resin market?
- Which application segments are leading demand for epoxy resins across industries?
- How are technological innovations and sustainability trends influencing market dynamics?
- Who are the key players competing in the Indian market, and what strategies are they adopting?
- What future trends and opportunities might shape the India epoxy resin market through 2032?
The competitive landscape of the India epoxy resin market includes both international and domestic manufacturers. Leading companies emphasize innovation, product enhancement, and strategic partnerships to expand market presence. These players are investing in new manufacturing facilities and enhancing capacity to cater to evolving demand across applications. Focused efforts on developing bio-based and sustainable resin solutions underscore the industry’s alignment with global environmental mandates.
Additionally, collaborations between Indian firms and global technology partners exhibit increased focus on recyclable and performance-driven epoxy systems, particularly for renewable energy applications. Case in point: partnerships for recyclable wind farm epoxy systems indicate a strategic shift toward sustainable product offerings.
Key Companies Profiled:
- 3M
- Aditya Birla Chemicals
- BASF SE
- Atul Ltd.
- Daicel Corporation
- DuPont
- Huntsman International LLC
- KUKDO Chemical Co., Ltd.
- MACRO POLYMERS Pvt Ltd.
- Westlake Corporation (Hexion)
- Olin Corporation
- NAN YA Plastics Corporation
- Others
By Raw Material:
- DGEBA (Bisphenol A and ECH)
- DGBEF (Bisphenol F and ECH)
- Novolac (Formaldehyde and Phenols)
- Aliphatic (Aliphatic Alcohols)
- Glycidylamine (Aromatic Amines and ECH)
- Others
- Paints and Coatings
- Composites
- Adhesives and Sealants
- Electrical and Electronics
- Others
- North India
- West India
- South India
- East India
Please Note: It will take 5 business days to complete the report upon order confirmation.
Table of Contents
170 Pages
- 1. Executive Summary
- 1.1. India Epoxy Resin Market Snapshot, 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Key Trends
- 2.3. COVID-19 Impact Analysis
- 2.4. Forecast Factors - Relevance and Impact
- 3. Value Added Insights
- 3.1. Product Demand Analysis
- 3.2. Regulatory Landscape
- 3.3. List of Key Players
- 3.4. Porter’s Five Forces Analysis
- 3.5. PESTLE Analysis
- 3.6. Promotional Strategies by Key Players
- 4. India Epoxy Resin Market Outlook
- 4.1. Key Highlights
- 4.1.1. Market Size (US$ Mn) and Y-o-Y Growth
- 4.1.2. Absolute $ Opportunity
- 4.2. Market Size (US$ Mn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2024
- 4.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2025-2032
- 4.3. India Epoxy Resin Market Outlook: Raw Material
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Mn) Analysis, By Raw Material, 2019-2024
- 4.3.3. Current Market Size (US$ Mn) Analysis and Forecast, By Raw Material, 2025-2032
- 4.3.3.1.
- 4.3.3.1.1. DGEBA (Bisphenol A and ECH)
- 4.3.3.1.2. DGBEF (Bisphenol F and ECH)
- 4.3.3.1.3. Novolac (Formaldehyde and Phenols)
- 4.3.3.1.4. Aliphatic (Aliphatic Alcohols)
- 4.3.3.1.5. Glycidylamine (Aromatic Amines and ECH)
- 4.3.3.1.6. Others
- 4.3.4. Market Attractiveness Analysis: Raw Material
- 4.4. India Epoxy Resin Market Outlook: Application
- 4.4.1. Introduction / Key Findings
- 4.4.2. Historical Market Size (US$ Mn), By Application, 2019-2024
- 4.4.3. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2025-2032
- 4.4.3.1. Paints and Coatings
- 4.4.3.2. Composites
- 4.4.3.3. Adhesives and Sealants
- 4.4.3.4. Electrical and Electronics
- 4.4.3.5. Others
- 4.4.4. Market Attractiveness Analysis: Application
- 5. India Epoxy Resin Market Outlook: Region
- 5.1. Key Highlights
- 5.2. Historical Market Size (US$ Mn) Analysis, By Region, 2019-2024
- 5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Region, 2025-2032
- 5.3.1. North India
- 5.3.2. West India
- 5.3.3. South India
- 5.3.4. East India
- 5.4. Market Attractiveness Analysis: Region
- 6. North India Epoxy Resin Market Outlook
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2024
- 6.2.1. By State
- 6.2.2. By Raw Material
- 6.2.3. By Application
- 6.3. Current Market Size (US$ Mn) Analysis and Forecast, By State, 2025-2032
- 6.3.1. Himachal Pradesh
- 6.3.2. Uttarakhand
- 6.3.3. Haryana
- 6.3.4. Punjab
- 6.3.5. Uttar Pradesh
- 6.3.6. Rajasthan
- 6.3.7. Jammu and Kashmir
- 6.4. Current Market Size (US$ Mn) Analysis and Forecast, By Raw Material, 2025-2032
- 6.4.1. DGEBA (Bisphenol A and ECH)
- 6.4.2. DGBEF (Bisphenol F and ECH)
- 6.4.3. Novolac (Formaldehyde and Phenols)
- 6.4.4. Aliphatic (Aliphatic Alcohols)
- 6.4.5. Glycidylamine (Aromatic Amines and ECH)
- 6.4.6. Others
- 6.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2025-2032
- 6.5.1. Paints and Coatings
- 6.5.2. Composites
- 6.5.3. Adhesives and Sealants
- 6.5.4. Electrical and Electronics
- 6.5.5. Others
- 6.6. Market Attractiveness Analysis
- 7. West India Epoxy Resin Market Outlook
- 7.1. Key Highlights
- 7.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2024
- 7.2.1. By State
- 7.2.2. By Raw Material
- 7.2.3. By Application
- 7.3. Current Market Size (US$ Mn) Analysis and Forecast, By State, 2025-2032
- 7.3.1. Gujarat
- 7.3.2. Maharashtra
- 7.3.3. Goa
- 7.3.4. Madhya Pradesh
- 7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Raw Material, 2025-2032
- 7.4.1. DGEBA (Bisphenol A and ECH)
- 7.4.2. DGBEF (Bisphenol F and ECH)
- 7.4.3. Novolac (Formaldehyde and Phenols)
- 7.4.4. Aliphatic (Aliphatic Alcohols)
- 7.4.5. Glycidylamine (Aromatic Amines and ECH)
- 7.4.6. Others
- 7.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2025-2032
- 7.5.1. Paints and Coatings
- 7.5.2. Composites
- 7.5.3. Adhesives and Sealants
- 7.5.4. Electrical and Electronics
- 7.5.5. Others
- 7.6. Market Attractiveness Analysis
- 8. South India Epoxy Resin Market Outlook
- 8.1. Key Highlights
- 8.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2024
- 8.2.1. By State
- 8.2.2. By Raw Material
- 8.2.3. By Application
- 8.3. Current Market Size (US$ Mn) Analysis and Forecast, By State, 2025-2032
- 8.3.1. Andhra Pradesh
- 8.3.2. Telangana
- 8.3.3. Karnataka
- 8.3.4. Kerala
- 8.3.5. Tamil Nadu
- 8.4. Current Market Size (US$ Mn) Analysis and Forecast, By Raw Material, 2025-2032
- 8.4.1. DGEBA (Bisphenol A and ECH)
- 8.4.2. DGBEF (Bisphenol F and ECH)
- 8.4.3. Novolac (Formaldehyde and Phenols)
- 8.4.4. Aliphatic (Aliphatic Alcohols)
- 8.4.5. Glycidylamine (Aromatic Amines and ECH)
- 8.4.6. Others
- 8.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2025-2032
- 8.5.1. Paints and Coatings
- 8.5.2. Composites
- 8.5.3. Adhesives and Sealants
- 8.5.4. Electrical and Electronics
- 8.5.5. Others
- 8.6. Market Attractiveness Analysis
- 9. East India Epoxy Resin Market Outlook
- 9.1. Key Highlights
- 9.2. Historical Market Size (US$ Mn) Analysis, By Market, 2019-2024
- 9.2.1. By State
- 9.2.2. By Raw Material
- 9.2.3. By Application
- 9.3. Current Market Size (US$ Mn) Analysis and Forecast, By State, 2025-2032
- 9.3.1. Bihar
- 9.3.2. West Bengal
- 9.3.3. Chhattisgarh
- 9.3.4. Odisha
- 9.3.5. Jharkhand
- 9.4. Current Market Size (US$ Mn) Analysis and Forecast, By Raw Material, 2025-2032
- 9.4.1. DGEBA (Bisphenol A and ECH)
- 9.4.2. DGBEF (Bisphenol F and ECH)
- 9.4.3. Novolac (Formaldehyde and Phenols)
- 9.4.4. Aliphatic (Aliphatic Alcohols)
- 9.4.5. Glycidylamine (Aromatic Amines and ECH)
- 9.4.6. Others
- 9.5. Current Market Size (US$ Mn) Analysis and Forecast, By Application, 2025-2032
- 9.5.1. Paints and Coatings
- 9.5.2. Composites
- 9.5.3. Adhesives and Sealants
- 9.5.4. Electrical and Electronics
- 9.5.5. Others
- 9.6. Market Attractiveness Analysis
- 10. Competition Landscape
- 10.1. Market Share Analysis, 2024
- 10.2. Market Structure
- 10.2.1. Competition Intensity Mapping By Market
- 10.2.2. Competition Dashboard
- 10.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 10.3.1. 3M
- 10.3.1.1. Overview
- 10.3.1.2. Segments and Raw Materials
- 10.3.1.3. Key Financials
- 10.3.1.4. Market Developments
- 10.3.1.5. Market Strategy
- 10.3.2. Aditya Birla Chemicals
- 10.3.3. BASF SE
- 10.3.4. Atul Ltd.
- 10.3.5. Daicel Corporation
- 10.3.6. DuPont
- 10.3.7. Huntsman International LLC
- 10.3.8. KUKDO CHEMICAL CO., LTD.
- 10.3.9. MACRO POLYMERS Pvt Ltd.
- 10.3.10. Westlake Corporation (Hexion)
- 10.3.11. Olin Corporation
- 10.3.12. NAN YA PLASTICS CORPORATION
- 10.3.13. Others
- 11. Appendix
- 11.1. Research Methodology
- 11.2. Research Assumptions
- 11.3. Acronyms and Abbreviations
Pricing
Currency Rates
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