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India Epoxy Resin Market (2023-2029)

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Author

Sanjna Verma

Pages

90

Published On

Dec 2025

Product Code

KRR15

Base Year

2024

India Epoxy Resin Market (2023-2029)

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Summary

Explore the India Epoxy Resin Market report with future demand insights, competitive landscape, and forecasts as the market is set to reach 283,327 tons by 2029.

Market Overview

India Epoxy Resin Market Overview

Indian Epoxy Resins market has grown at 156,953.8 ton in 2023 at a CAGR of 10.3% during the period of 2019–2023. The market is expected to reach 283,327 ton by 2029 at a CAGR of 10.3% during the period of 2023–2029. Growing personal care industry and IPA from the pharmaceutical industry for sanitizer production are currently driving the market. The rapid growth of paintings and coatings, especially in automotive and industrial sectors, is propelling the growth of epoxy resins.

India Epoxy Resin Market Definition

Definition of India Epoxy Resin Market: The India Epoxy Resins market encompasses the total manufacturing of epoxy resins within the country measured in tons. The market is segmented based on raw materials, including DGEBA, DGEBF, Novolac, Aliphatic & Glycidylamine among others as well as applications across electrical & electronics, paints & coatings, composites among other applications. End-users include sectors like construction, electronics, automotive, aerospace, electrical, marine, renewable energy, and general manufacturing. Geographical segmentation covers various regions and industries across India, providing a comprehensive representation of the multifaceted nature of the India Epoxy Resins market.

Taxonomy

India Epoxy ResinsMarket TaxonomyProduct TypeApplicationEnd UserCuring AgentTechnologyLiquid Epoxy ResinsSolid Epoxy ResinsSolution Epoxy ResinsPaints & CoatingsAdhesives & SealantsCompositesElectrical &ElectronicsConstructionWind TurbinesConstructionAutomotiveAerospaceElectrical &ElectronicsMarineWind EnergyAmine-basedAnhydride-basedWaterborne EpoxyResinsSolvent-borne EpoxyResinsHigh Solids EpoxyResinsPowder Coating EpoxyResins

India Epoxy Resin Market Ecosystem

India Epoxy Resin Market Size (in Mn ton), 2019-2023

The market size of India Epoxy Resins market was 156,953.8 tons in 2023 at a CAGR of 3.2% during the period of 2019–2023. Growing personal care industry, wide usage of IPA as cleaning agents, and growing demand for IPA from the pharmaceutical industry for sanitizer production are currently driving the market. During the pandemic period of 2020, the market was deeply impacted due to COVID-19 lockdown, stringent social distancing mandates, and supply chain disruptions. This led to a temporary halt in the production and manufacturing of different products like paints and adhesives where epoxy resins are required. The hazardous impact of epoxy resins and alternative ways to produce acetone might hinder the market’s growth.

India Epoxy Resin Industry Analysis

Growth of the Construction Industry

By strengthening the durability of structural elements, engineering adhesives and paints, epoxy resins used in building and construction applications can help extend the life of buildings and reduce the need for refurbishment and repainting. Epoxy resin is an excellent substance for protecting cementitious materials. It can be blended with fine aggregate, depending on the manufacturer. Concrete mixtures and road structures commonly use coarse aggregate derived from demolition trash, while the use of fine aggregate is rare. Various programs established by the Indian government, such as the Smart Cities project and Housing for All by 2022, are intended to give the construction industry a boost. Furthermore, recent regulatory reforms like the Real Estate Act, GST, REITs, and others are likely to speed up approvals and enhance the building sector in the upcoming years.

Physical Characteristics of Epoxy Resins

Epoxy resins are a form of polymer that contains molecules that have repeated subunits. Epoxy’s structure makes it extremely resistant and robust while remaining relatively elastic. Epoxies are a popular material in the industry because of their high heat and chemical resistance and their good adhesive properties. Epoxy resins have a number of advantages over other types of ordinary polymers. Due to its high flexibility and ease of use, it is used in a variety of building and structural applications. Epoxy resins have a longer pot life than other resins. It means they take longer to gel, which gives the user more time to work. Even the fastest curing requires at least 15 minutes of work time before it begins to cure. Epoxy resins are flexible, odorless, and mold resistant. Their monolithic qualities help in minimizing microbial development. Therefore, they can be used in the food and pharmaceutical industries.

Rise in Electricals & Electronics Manufacturing

With the growing electronics manufacturing industry in India, the demand for epoxy resins for encapsulation, potting & bonding applications has increased. Epoxy resins provide protection against moisture, vibration & thermal stress in electronic components.

Advancement in Aerospace Sector

The aerospace industry in India is witnessing significant growth driven by increasing defense expenditure and aerospace manufacturing activities. Epoxy resins are exclusively used in aircraft components like composite structures, adhesives & coatings due to their lightweight & high strength properties.

India Epoxy Resins Market Segmentation, 2022

India Epoxy Resins Market Segmentation by Raw Material (in Volume ton), 2022

In 2022, DGEBA has been dominating the Epoxy Resins market in India with a volume of 95,519.48 tons. Bisphenol A or bis dimethyl methane is a colorless solid prepared by reacting phenol and acetone. Since phenol and acetone are readily available, their synthesis is comparatively inexpensive. With a melting point of 153 degrees Celsius, bisphenol A is considered to be adequate for most applications. Many commercial liquid resins include low molecular weight diglycidyl ether and small quantities of high molecular weight polymers. Epoxy resins based on DGEBA are used in the formulations for adhesives, coatings, laminates, and encapsulates. Since this is a majorly used method of manufacturing epoxy resins in India, this segment has the dominant share in the market.

India Epoxy Resins Market Segmentation by Applications (in Volume ton), 2022

In 2022, based on applications, the epoxy resins market in India is segmented into paints and coatings, adhesives and sealants, composites, electrical and electronics, and other applications. Paints and coatings have been the dominant segment, contributing over 77k tons. In this industry, epoxy resins are used as binders for coating applications to enhance coating durability for floor and metal applications. Epoxy resins consist of various properties in coatings such as strength, durability, and chemical resistance. Its properties of quick drying, toughness, excellent adhesion, good curing, and excellent water resistance make it suitable for protecting metal surfaces. As per availability, the epoxy resins have numerous applications. These include epoxy powder coatings on washers, dryers, and other white goods for flexibility, and primers for corrosion protection in automobile, marine, and aerospace industries. The rapid growth of paintings and coatings, especially in automotive and industrial sectors, has propelled the growth of epoxy resins.

India Epoxy Resin Future Market Size

India Epoxy Resins Market is expected to reach 283,327 tons by 2029 at a CAGR of 10.3% during 2023–2029. The demand for epoxy resins is expected to increase in industries like constructions, automotive, electrical and electronics, and aerospace. Manufacturers will continue to focus on product innovation, sustainability, and strategic partnerships to capitalize on emerging opportunities and gain a competitive advantage. While the market faces challenges like raw material price volatility and environmental concerns, the adoption of sustainable practices and the development of customized solutions is likely to drive future growth.

    India Epoxy Resin Market Company Profiles

    Company NameEstablishment yearDescription

    3M

    		1902

    3M is an American multinational company, operating in the fields of automotive, commercial solutions, consumer markets, design & constructions, electronics, energy, healthcare, manufacturing and safety.

    Aditya Birla Chemicals

    		1947

    Aditya Birla Chemicals is a leading producer of bulk & speciality chemicals. The company's business is spread across multiple manufacturing locations in three countries - India, Thailand & China. It operates under three business which includes chemicals, insulators & fashion yarns

    Atul Ltd.

    		1947

    Atul Ltd is an integrated chemical company. The company has a customer base of over 4000 customers belonging to 30 industries worldwide, spread across 90 countries. Atul Ltd has established subsidiary companies in the USA (1996), China (2004), Brazil (2012), and the UAE (2015)

    India Epoxy Resin Market Macroeconomic Indicators

    Rising population is a crucial factor which has been driving the growth of Indian agriculture. India's population is currently 1417 million in 2022, increasing 40 million from 1407 million in 2022. By the end of 2025, India's population is predicted to reach 1500 million. Therefore, agriculture sector is also expected to progress rapidly.

    The population between 25-49 age group is the largest age group (36.40%) in India followed by 0-14 (26.40%), 50+ (19.40%), and 15-24 (18%).

    Till 2023, India comprises of majority of the middle-class population which is 57% of the total population of India. After the middle class comes the lower-class category which comprises 33% of the total population of India. The remaining 10% of the population belongs to high-income class.

    India's GDP is expected to reach USD$3390 billion, up from USD$3160 billion in 2021. In 2022, the GDP has been at USD$3390 billion in 2022. By end of 2025, the country’s GDP is expected to touch 5000 billion.

    Frequently Asked Questions

    Find quick answers to common questions about India’s Epoxy Resin Market