India Epoxy Resins Market Size (2024 - 2029)

Epoxy Resin in India Market Analysis

The India Epoxy Resins Market size is estimated at 172 kilotons in 2024, and is expected to reach 251.57 kilotons by 2029, growing at a CAGR of 7.90% during the forecast period (2024-2029).

During the pandemic period due to COVID-19, the market was deeply impacted because of nationwide lockdown, stringent social distancing mandates, and supply chain disruptions. This led to a temporary halt in the production and manufacturing of different products such as paints and coatings, adhesives and sealants, etc., in which epoxy resins are required. However, the market's growth is picking pace because of the government's support to various manufacturing industries in the post-pandemic period.

• The growing construction industry and increasing demand for adhesives and sealants from the automotive industry are the factors driving the market growth.
• On the flip side, the hazardous impact of epoxy resins is expected to hinder the growth of the market.
• The growing adoption of recyclable and reformable epoxy resin will act as a market oppurtunity in the forecast period.

Epoxy Resin in India Industry Segmentation

Epoxy resins are reinforced polymer composites derived from petroleum sources, resulting from a reactive process involving epoxide units. The Indian epoxy resin market is segmented by raw material and application. By raw material, the market is segmented into DGBEA, DGBEF, Novolac, Aliphatic, Glycidylamine, and Other Raw Materials. The market is segmented by application into paints and coatings, adhesives and sealants, composites, electrical and electronics, and other applications. For all the above segments, market sizing and forecasts have been done based on volume (tons).