Latest News- Epoxy Resin Market in India: Paints and coatings is expected to lead the Application segment during 2025-2029

The Epoxy Resin Market in India is being driven by Growing construction and infrastructure sector

The Epoxy Resin Market in India is expected to grow at a CAGR of 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1088.3 million. The Indian epoxy resin market is witnessing a significant shift towards eco-friendly and bio-based resins, driven by increasing environmental concerns and stringent regulations on Volatile Organic Compounds (VOCs). This trend is evident in the expanding product offerings of key players, such as Syensqo, formerly part of Solvay SA. On February 27, 2024, Syensqo introduced a new variant of its MTM 49-3 epoxy prepreg, which contains 30% bio-sourced monomers. This innovation, targeted at structural automotive applications, includes body panels, chassis components, and spoilers, underscoring the growing demand for sustainable epoxy resin solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Paints and coatings
  • Adhesives and sealants
  • Composites
  • Electronic components
  • Others
• End-user
  • Consumer goods
  • Building and construction
  • Wind energy
  • Others
• Product Type
  • Liquid
  • Solid
  • Solution
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing construction and infrastructure sector
• Booming electronics manufacturing
• Rising demand for epoxy resins in DIY activities among Indian consumers

However, the market also witnesses some limitations, which are as follows:

• Environmental and regulatory concerns
• Competition from substitutes
• Fluctuating raw material prices

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Market Scope in Epoxy Resin Market in India Research Report

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Research Analysis Overview

The Epoxy Resin Market in India encompasses various types of epoxy resins such as Bisphenol A (BPA) and bisphenol A-epichlorohydrin, as well as epichlorohydrin, polyurethane, polyester, vinyl ester, and phenolic resins. Applications include residential construction, automotive production and refinishing, adhesives, wind turbines, and various coating segments like paints and coatings, civil engineering, architecture, automotive OEMs, marine coating, industrial coating, wood coating, coil coating, and transportation coating. Key industries using these resins are polycarbonates, DGEBF (Bisphenol F), and adhesives and sealants.

Market Research Overview

The Epoxy Resin Market in India is a significant segment of the global specialty chemicals industry, encompassing manufacturers of high-value-add chemicals used in the production of various products such as Bisphenol A (BPA), Epichlorohydrin, Polyurethane, Polyester, Vinyl ester, and Phenolic resins. Factors driving the growth of this market include the increasing demand for specialty adhesives and sealants in residential construction, automotive production, and wind turbines. Technavio projects that this trend will continue, fueling expansion in the Epoxy Resin Market in India and contributing to the overall growth of the global specialty chemicals market, which is expected to reach significant revenue milestones due to increasing demand for advanced polymers, additives, and coatings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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