India Epoxy Resin Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the India Epoxy Resin Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

India Epoxy Resin Market Size (2025E): US$ 730.7 Mn
Projected Market Value (2032F): US$ 1,120.7 Mn
India Market Growth Rate (CAGR 2025 to 2032): 6.3%

India Epoxy Resin Market - Report Scope:

The India epoxy resin market includes a diverse range of high-performance thermosetting polymers that are widely used in industrial and commercial applications. Epoxy resins are known for their excellent mechanical strength, chemical resistance, and superior adhesion properties. These features make them ideal for applications across paints and coatings, electrical and electronics, adhesives and sealants, and composites. Rapid industrialization, infrastructure development, and growing demand for lightweight and durable materials are key contributors to the market's growth trajectory in India.

Market Growth Drivers:

The India epoxy resin market is being driven by multiple factors. Infrastructure expansion, including government-backed construction and smart city projects, is significantly increasing the demand for epoxy-based paints, coatings, and composites. Additionally, the automotive and transportation sectors are adopting lightweight epoxy composites to enhance fuel efficiency and reduce vehicle weight. The electronics industry, driven by India's digital growth and manufacturing incentives, is also pushing the demand for epoxy resins used in insulation and circuit protection. Moreover, environmental regulations are promoting the use of low-VOC and waterborne epoxy systems, further boosting adoption across industries.

Market Restraints:

Despite strong demand, the India epoxy resin market faces notable challenges. Volatility in raw material prices, particularly those derived from petroleum-based feedstocks such as bisphenol-A and epichlorohydrin, creates cost pressures for manufacturers. In addition, limited availability of high-grade raw materials domestically often leads to reliance on imports, affecting profit margins and supply chain stability. Regulatory concerns regarding the environmental impact and health hazards of certain epoxy formulations may also constrain usage in specific applications.

Market Opportunities:

Significant opportunities exist in the India epoxy resin market owing to rising investments in renewable energy, especially in wind and solar sectors where epoxy resins are used in turbine blades and solar panels. The shift towards sustainable and green chemistry solutions is opening doors for bio-based epoxy resin innovations. Furthermore, the government's push for local manufacturing through initiatives like "Make in India" and PLI schemes is expected to drive demand for epoxy resins in automotive, electronics, and construction sectors. Expansion into tier-2 and tier-3 cities with rising industrialization also presents untapped market potential.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the India epoxy resin market?
Which application segments are expected to register the highest growth?
How is the demand from the electrical and electronics industry shaping market trends?
Who are the major players in the India epoxy resin market and what strategies are they using?
What future opportunities are emerging in sustainable and bio-based epoxy resin solutions?

Competitive Intelligence and Business Strategy:

Leading players in the India epoxy resin market, such as 3M, Aditya Birla Chemicals, BASF SE, and Atul Ltd., are actively focusing on product innovation and capacity expansion to cater to increasing domestic demand. Companies like Huntsman International LLC and Olin Corporation are investing in localized production and strategic alliances to enhance supply chain efficiency and customer reach. Research and development efforts are being directed towards creating low-emission, environmentally friendly resin systems to comply with regulatory standards and consumer preferences. Partnerships with OEMs and infrastructure developers remain crucial for market penetration.

Companies Covered in This Report:

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

Market Segmentation

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

By Application:

Paints and Coatings
Composites
Adhesives and Sealants
Electrical and Electronics
Others

By Region:

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP35279

1. Executive Summary

1.1. India Epoxy Resin Market Snapshot, 2025-2032
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, 2025
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

India Epoxy Resin Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032