India Epoxy Resin Market Size & Forecast 2025–2033

The India Epoxy Resin Market is experiencing a powerful industrial transformation. According to Renub Research, the market is projected to expand from US$ 169.4 Kilotons in 2024 to US$ 338.91 Kilotons by 2033, growing at a CAGR of 8.01% from 2025 to 2033.

India’s expanding infrastructure, rising electronics manufacturing, automotive lightweighting, renewable energy installations, and government-backed domestic production policies are pushing epoxy resins into mainstream industrial adoption. With sustainability becoming a central industrial mandate, demand is no longer limited to conventional synthetic epoxies — environmentally preferred, bio-based, and low-VOC (volatile organic compound) resins are fast becoming part of India’s long-term material strategy.

India Epoxy Resin Industry Overview

Epoxy resins are durable, chemically resistant, high-performance thermoset polymers extensively used in coatings, adhesives, composites, electronics, and building materials. India’s appetite for these materials is widening due to three key forces:

Rapid infrastructure development

Expansion of advanced manufacturing

Increasing private and public investments in renewables and industrial modernization

The government’s target to reach US$ 1 trillion in manufactured goods exports (declared in August 2021) has amplified demand for industrial raw materials, including epoxy resins. Programs such as Make in India, Aatmanirbhar Bharat, Smart Cities Mission, PM Gati Shakti, and Housing for All are creating direct demand for materials required in waterproofing, protective coatings, electrical insulation, wind turbine composites, and high-strength adhesives.

The real estate sector alone is expected to position India as the third-largest construction market globally, approaching a massive US$ 1 trillion valuation during the forecast period. Incentives such as the Pradhan Mantri Awas Yojana (PMAY) — offering interest subsidies of 3–4% for home loans up to ₹9–12 lakh — continue to boost residential construction, thereby increasing consumption of epoxy-based coatings, sealants, and structural adhesives.

Key Growth Catalysts in the India Epoxy Resin Market

1. Expansion of High-Consumption End-Use Industries

India’s strongest epoxy-consuming sectors—construction, automotive, electronics, and energy—are displaying uninterrupted expansion:

Construction: Epoxy is widely used in floor coatings, corrosion-resistant surfaces, waterproofing, grouts, and structural adhesives.

Automotive: Lightweight epoxy composites replace heavier metal parts, improving fuel efficiency while providing corrosion resistance.

Electronics: Epoxy ensures insulation and protection in semiconductors, PCBs, transformers, LED encapsulation, and switchgear.

Energy & Renewables: Expansion in wind power, solar platforms, and EV infrastructure is driving epoxy demand for turbine blades, composites, and electrical insulation materials.

With continued FDI inflows and automation in Indian manufacturing, epoxy demand links directly to industrial growth, making it one of the strategic materials of the decade.

2. Government-Driven Industrial Self-Reliance

Policies encouraging domestic production have reduced dependency on imports while strengthening local raw material and resin manufacturing capacity.

The push includes:

✅ Localized chemical production hubs

✅ Incentivized manufacturing corridors

✅ Infrastructure overhauls (ports, roads, industrial clusters)

✅ Reduced dependence on imported formulated resins

Epoxy resin, being a core industrial input for paints, electronics, composites, and adhesives, has found strong government support due to its strategic relevance across defense, energy, transportation, and export-driven manufacturing.

3. Sustainable & Bio-Based Epoxy Adoption

India is tightening environmental regulations, which is shifting demand from solvent-based formulations to:

Low-VOC epoxy resins

Solvent-free systems

Bio-derived epoxy alternatives

Recyclable & less toxic formulations

End-user sectors—especially in construction and coatings—are prioritizing safety-certified, environmentally compliant solutions. Manufacturers investing in eco-friendly formulations are experiencing faster commercial adoption, expanding both demand depth and product differentiation.

Market Challenges Hindering Growth

1. Competition from Alternative Materials

Epoxy resin competes with lower-cost or faster-processing substitutes such as:

Polyurethane

Polyester resins

Bio-based polymers

While epoxy resins offer superior chemical resistance and bonding properties, competitors sometimes offer benefits like:

Faster curing times

Lower costs

Higher flexibility

Greater UV/weather resistance (in select cases)

This increases pressure on epoxy manufacturers to innovate continuously in formulation and performance.

2. Lack of Skilled Application Workforce

Although demand exists, epoxy application requires trained professionals for:

Surface preparation

Accurate resin-hardener mixing

Coating uniformity

Curing oversight

Limited access to trained applicators in Tier-2, Tier-3, and rural markets often leads to improper product application, resulting in inefficiencies, reduced performance, and slower material adoption rates.

India Epoxy Resin Market – Regional Performance Insights

East India

States like West Bengal, Odisha, and Jharkhand are gradually emerging as industrial demand pockets due to:

Growth in mining and power generation

Heavy infrastructure investments

Rising construction activity

Epoxy is being increasingly used for anti-corrosion coatings, industrial flooring, and composite reinforcements. However, gaps in supply chain reliability and skilled labor availability still limit full-scale adoption.

West India (Market Leader)

The western region, led by Maharashtra and Gujarat, dominates India’s epoxy resin consumption due to:

Dense industrial ecosystems

Large auto & chemical manufacturing clusters

Ports supporting resin and raw material logistics

Presence of both domestic and multinational epoxy producers

This region also leads in innovation, sustainability adoption, and high-performance specialty resin deployment.

North & South India

North India (Delhi NCR, Haryana, Punjab) shows consistent demand from construction, electronics manufacturing, and infrastructure projects.

South India (Tamil Nadu, Karnataka, Telangana) is driven by electronics, automotive, renewable energy, and industrial manufacturing, making it another high-growth zone for epoxy-based composites and coatings.

Market Segmentation Overview

By Raw Material

DCEBA

DGEBF

Novolac

Aliphatic

Glycidylamine

Others

By Application

Paints & Coatings

Electrical & Electronics

Construction

Wind Turbines

Composites

Adhesives

Others

By Region

East

West

North

South

Competitive Landscape & Key Players

Major companies influencing India’s epoxy resin supply chain include:

Company Key Expertise

3M High-performance adhesives, specialty coatings

Aditya Birla Chemicals Domestic epoxy resin production leader

Atul Ltd Specialty chemicals & resins

BASF SE Coatings, industrial formulations

Daicel Corporation Polymer chemistry expertise

DuPont Advanced industrial composites

Kukdo Chemical Co. Ltd. Global epoxy manufacturing capacity

Huntsman International LLC Specialty resin systems

Macro Polymers Pvt Ltd Industrial resin formulations

Nan Ya Plastics Corporation Laminates & epoxy compounds

Olin Corporation Global epoxy resin producer

Westlake Corporation (Hexion) Market leadership in resins & composites

Each company is actively strengthening local distribution, manufacturing, product innovation, and sustainability initiatives to secure long-term foothold in India.

What Lies Ahead? Market Outlook 2033

With accelerating adoption across industries, India’s epoxy resin ecosystem is transitioning from demand expansion to value creation and innovation. The next decade will be shaped by:

🔹 High-performance composites replacing conventional materials

🔹 Sustainability-certified resin formulations becoming mainstream

🔹 Rapid electronics manufacturing scaling demand for insulation materials

🔹 Wind and EV infrastructure boosting resin composites

🔹 Domestic production reducing import dependency

Final Thoughts

India’s epoxy resin market is no longer a niche raw material segment—it's a core enabler of industrial expansion, infrastructure transformation, and next-gen manufacturing capability. As sustainability priorities grow and domestic chemical production scales, epoxy resins will remain a cornerstone of India’s material evolution.

With a forecasted volume surge to 338.91 Kilotons by 2033 and continued investments in industrial self-sufficiency, India is on the path to becoming a global epoxy consumption and manufacturing hotspot.