Press release
India Epoxy Resin Market Forecasted to Reach USD 1,120.7 Million by 2032, Growing at a 6.3% CAGR | Persistence Market Research
India Epoxy Resin Market
The India epoxy resin market is poised for significant expansion, with its value projected to rise from US$ 730.7 Mn in 2025 to US$ 1,120.7 Mn by 2032, registering a compound annual growth rate (CAGR) of 6.3% during the forecast period. This growth is fueled by a combination of expanding industrial sectors, rapid urbanization, and the government's continued emphasis on infrastructure development.
According to a recent analysis by Persistence Market Research, one of the leading market intelligence firms, the surge in demand for paints and coatings, renewable energy components, and electrical insulation solutions is accelerating the consumption of epoxy resins across the nation. The DGEBA (Diglycidyl Ether of Bisphenol A) segment emerges as the leading product type, while South India stands out as the dominant regional market, driven by renewable energy expansion, particularly in Tamil Nadu and Andhra Pradesh.
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🔹 Key Highlights from the Report
• South India is forecasted to account for 32.1% market share in 2025, backed by rapid renewable energy growth.
• DGEBA resin type is expected to capture 66.2% share of the market in 2025 due to its superior properties.
• Paints and coatings segment will likely dominate with 54.7% market share in 2025.
• Epoxy resins are gaining traction in electric vehicle manufacturing for use in battery parts and insulation.
• Wind turbine manufacturing is a key driver due to rising investments in renewable energy.
• Untapped potential in packaging and marine coatings signals opportunities for diversification.
Market Segmentation
The India epoxy resin market is segmented based on product type, such as DGEBA, DGEBF (Diglycidyl Ether of Bisphenol F), novolac, aliphatic, and others. Among these, the DGEBA segment is leading, accounting for over 66% of the market share in 2025, due to its excellent thermal stability, chemical resistance, and mechanical strength, making it ideal for applications ranging from adhesives to composite materials.
In terms of end-user industries, the market serves a diverse range, including paints & coatings, electrical & electronics, automotive, construction, wind energy, and marine applications. The paints and coatings industry is anticipated to maintain dominance, driven by stringent VOC regulations, government-funded infrastructure projects, and demand for durable coatings in construction and transportation.
Regional Insights
South India is anticipated to lead the regional landscape of the epoxy resin market in India, with a projected 32.1% share in 2025. This is largely due to rapid expansion in renewable energy, particularly wind energy development in Tamil Nadu and Andhra Pradesh. These states have attracted large-scale investments and government support for renewable energy infrastructure.
Western India, especially Gujarat and Maharashtra, is also seeing an uptick in epoxy resin demand owing to the presence of large automotive and manufacturing hubs. The Make in India initiative and state-level industrial policies are further catalyzing regional growth by boosting the construction and engineering sectors.
Market Drivers
India's push toward renewable energy, particularly wind power, is a substantial market driver. Epoxy resins are essential in manufacturing wind turbine blades, offering superior dimensional stability and corrosion resistance. According to Persistence Market Research, India's wind energy capacity grew by 3.42 GW in 2024, with Tamil Nadu, Gujarat, and Karnataka contributing the most. This trend is set to continue, ensuring robust demand for epoxy resins in the energy sector.
Another critical driver is the expansion of the electric vehicle (EV) sector. Epoxy resins are widely used in EV battery components, electrical insulation, and lightweight composite structures, helping manufacturers meet energy efficiency and safety standards. The Indian government's focus on electrifying public and private transport further accelerates demand in this segment.
Market Restraints
Despite strong growth, the India epoxy resin market faces challenges such as raw material price volatility, particularly bisphenol A and epichlorohydrin, which are petrochemical derivatives. Price fluctuations can impact production costs and profit margins, deterring smaller players from scaling operations.
Additionally, environmental concerns related to the non-biodegradability and potential toxicity of certain epoxy resin components may lead to regulatory hurdles. These could impact manufacturing processes, especially with the global shift toward sustainable materials.
Market Opportunities
There exists vast untapped potential in emerging sectors such as marine coatings, packaging, and industrial adhesives. Epoxy resins provide excellent adhesion, moisture resistance, and durability, making them ideal for these applications.
With India's increasing participation in global manufacturing and exports, companies have the opportunity to innovate formulations that meet international standards. Customizing resins for niche applications, including fire-resistant and bio-based epoxies, could also unlock lucrative markets.
âś… Reasons to Buy the Report
âś” In-depth analysis of key market trends, growth drivers, and restraints specific to the India epoxy resin market
âś” Regional breakdowns and forecasts to identify high-growth opportunities across Indian states
âś” Detailed market segmentation by product type, application, and end-use industry
âś” Company profiles with recent developments to understand the competitive landscape
âś” Forecast insights from 2025 to 2032, supported by historical data from 2019 to 2024
🏢 Company Insights
The India epoxy resin market is moderately fragmented, with both domestic and international players competing through capacity expansion, innovation, and strategic partnerships. Major players include:
1. Huntsman Corporation
2. Kukdo Chemical Co., Ltd.
3. Atul Ltd.
4. Aditya Birla Chemicals
5. Pidilite Industries Ltd.
6. 3M India Ltd.
7. Dow Chemical International Pvt. Ltd.
8. BASF India Ltd.
9. Shree Vallabh Chemicals
10. Parkash Group
Recent Developments:
• In March 2024, Atul Ltd. launched a new low-VOC epoxy resin system tailored for the green building segment, targeting paints and coatings markets.
• In January 2025, Pidilite Industries announced the expansion of its epoxy resin production unit in Gujarat, aiming to double its output capacity by mid-2026.
Conclusion
The India epoxy resin market is on a strong growth trajectory, bolstered by industrial modernization, the boom in renewable energy, and increasing adoption in emerging sectors like electric vehicles and infrastructure. While challenges persist around raw material pricing and environmental concerns, the outlook remains optimistic with considerable room for innovation, especially in bio-based and low-emission epoxy formulations.
With regions like South India leading demand and key sectors such as paints & coatings, automotive, and wind energy driving consumption, stakeholders must align with government policies, invest in R&D, and enhance regional presence to capitalize on this growth phase. The report by Persistence Market Research provides the strategic insights necessary for businesses to navigate this evolving landscape efficiently.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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Persistence Market Research
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Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
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