India Epoxy Resin Market Forecast to Hit US$ 1,120.7 Million by 2032 | Insights from Persistence Market Research

Market Overview and Growth Drivers

The India epoxy resin market is poised for robust expansion, forecast to grow from US$ 730.7 million in 2025 to US$ 1,120.7 million by 2032, exhibiting a CAGR of 6.3%. This upward trend is largely attributed to the government's push for industrial expansion and infrastructure development. Epoxy resins, known for their excellent mechanical strength, chemical resistance, and versatility, are increasingly being used in applications ranging from construction to automotive and electronics.

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South India is expected to emerge as the dominant region, contributing around 32.1% of market revenue in 2025. This dominance can be linked to the rapid development of renewable energy infrastructure, particularly in Tamil Nadu and Andhra Pradesh. Additionally, the diglycidyl ether of bisphenol A (DGEBA) segment is projected to lead the market, accounting for 66.2% share in 2025 due to its broad application scope in high-performance coatings, adhesives, and composites.

✦ Key Highlights from the Report:

✦ South India projected to contribute 32.1% market share in 2025, led by growth in renewable energy.
✦ DGEBA segment expected to dominate with a 66.2% share in 2025 due to superior mechanical and chemical properties.
✦ Paints and coatings segment likely to lead with 54.7% share, driven by demand for high-performance coatings.
✦ India's EV production surge to bolster epoxy resin demand in battery and insulation applications.
✦ Untapped marine and packaging industries present fresh growth opportunities.
✦ Total market expected to grow at a CAGR of 6.3% between 2025 and 2032.

Market Segmentation 📊

By raw material, the epoxy resin market in India is segmented into DGEBA, DGBEF, novolac, aliphatic, and glycidylamine. DGEBA stands out due to its superior bonding, thermal, and chemical resistance, making it widely preferred across industrial, construction, and consumer goods applications. Meanwhile, DGBEF is gaining momentum in specialty chemical applications requiring improved chemical resistance. Novolac resins are mainly used in high-temperature environments, while aliphatic resins are adopted for applications requiring weather and UV resistance.

Based on applications, the market comprises paints and coatings, composites, adhesives and sealants, and electrical and electronics. The paints and coatings segment is projected to lead, fueled by smart city initiatives and infrastructural upgrades. Composites are growing rapidly, particularly in defense, aerospace, and renewable energy sectors. Electrical and electronics applications are thriving due to schemes such as Production Linked Incentive (PLI) and the push for Make in India in consumer electronics.

🌍 Regional Insights

In West India, states such as Maharashtra and Gujarat are pivotal to the market. Maharashtra's burgeoning automotive industry drives demand for high-performance adhesives and coatings, while Gujarat's established chemical industry promotes the use of epoxy resins in petrochemical and electronics applications.

North India, led by states like Haryana and Uttar Pradesh, sees demand mainly from the automotive and construction industries. Haryana's Maruti Suzuki facilities and Delhi's metro expansion projects are key growth enablers. In cities like Lucknow and Chandigarh, real estate and infrastructure growth further accelerates usage.

South India dominates due to its leadership in wind energy installations and electronics manufacturing. Tamil Nadu's contribution to wind power and Hyderabad's and Bengaluru's thriving electronics sectors make this region a hotbed for epoxy resin consumption. Applications in wind turbine blade manufacturing and PCB production are particularly prominent.

⚡ Market Drivers

India's growing investment in wind energy is one of the strongest drivers of epoxy resin demand. With over 48 GW of wind capacity installed and Tamil Nadu, Karnataka, and Gujarat leading in new installations, epoxy resins are increasingly used in turbine blade manufacturing due to their high mechanical strength and resistance properties.

⛔ Market Restraints

Regulatory push towards low- and zero-VOC formulations is limiting traditional epoxy resin use. Environmental concerns and toxicity of raw materials such as BPA have prompted industries to adopt waterborne or eco-friendly alternatives. While effective, these alternatives are costlier, posing affordability challenges for price-sensitive consumers.

🌱 Market Opportunities

Emerging applications in medical device manufacturing offer promising opportunities. Epoxy resins are being utilized in prosthetics and other precision components due to their strength, biocompatibility, and versatility. Bio-based resins and innovation in biocompatible formulations present new frontiers for R&D and market differentiation.

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# Frequently Asked Questions (FAQs)

How Big is the India Epoxy Resin Market in 2025?
What is the Projected Growth Rate of the India Epoxy Resin Market?
Who are the Key Players in the India Epoxy Resin Market?
What is the Market Forecast for India Epoxy Resin Market through 2032?
Which Region is Estimated to Dominate the Industry through the Forecast Period?

🔹 Company Insights

• 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

Recent Developments:

In January 2025, Adani New Industries Ltd. partnered with Swancor Holding to develop India's first recyclable wind farm using SWANCOR EzCiclo recyclable epoxy resins.

In March 2024, Grasim Industries inaugurated a major expansion project in Gujarat, adding 123,000 tons to its epoxy resin and formulation capacity.

In February 2024, DCM Shriram announced a Rs. 1,000 crore investment to establish a greenfield epoxy resin production facility in Gujarat.

Conclusion

India's epoxy resin market is entering a dynamic growth phase, driven by the country's push toward self-reliance in manufacturing, infrastructure development, and green energy adoption. With rising demand from sectors such as automotive, construction, renewable energy, and electronics, the market offers significant investment and innovation opportunities. However, challenges such as regulatory pressures and environmental concerns around VOCs demand that manufacturers continue to evolve by developing sustainable alternatives. South India is set to lead the charge, leveraging its strengths in renewable energy and electronics. As domestic players ramp up their R&D and global companies invest in local production, India is on track to emerge as a global leader in epoxy resin solutions.

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This release was published on openPR.