India Epoxy Resins Market (2026 - 2035)

ID: MRFR/CnM/19846-HCR
111 Pages
Chitranshi Jaiswal
Last Updated: July 02, 2026
India Epoxy Resins Market Research Report Information Raw Material (DGBEA (Bisphenol A and ECH), DGBEF (Bisphenol F and ECH), Novolac (Formaldehyde and Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines and ECH) And Other Raw Materials), By Application (Paints and Coatings, Adhesives and Sealants, Composites, Electrical and Electronics And Other Applications) – India Market Forecast Till 2035.
India Epoxy Resins Market
Market Size
Forecast Period2026-2035
CAGR (2026-2035)7.1%
2025 Market Size238.5 Kilotons
2035 Market Size473.5 Kilotons
Key Players
Aditya Birla Chemicals
Atul Ltd
Huntsman Corporation
BASF SE
Dow Inc.
Kukdo Chemicals
Opportunities
  • Bio-Based and Recyclable Epoxy Chemistries
  • Data-Center and Semiconductor Encapsulant Demand
  • Green-Building Certification and Construction-Chemical Upgrades
  1. 1 Market Overview |
    1. 1.1 Study Assumptions & Market Definition |
    2. 1.2 Scope of the Study |
    3. 1.3 Research Methodology
  2. 2 Market Summary & Key Takeaways
  3. 3 Market Dynamics |
    1. 3.1 Market Drivers Analysis | |
      1. 3.1.1 National Infrastructure Pipeline Spending | |
      2. 3.1.2 PLI Scheme for Advanced Chemistry and Electronics | |
      3. 3.1.3 Renewable-Energy Capacity Build-Out | |
      4. 3.1.4 Automotive Lightweighting and EV Transition | |
      5. 3.1.5 BIS VOC Regulation Driving Reformulation | |
      6. 3.1.6 Anti-Dumping Duty Removal on Resin Exports | |
      7. 3.1.7 Defense Indigenization Under Make in India |
    2. 3.2 Market Restraints Analysis | |
      1. 3.2.1 Bisphenol A Import Dependence | |
      2. 3.2.2 Regulatory Complexity for Chemical Registration | |
      3. 3.2.3 Substitution Pressure from Alternative Resin Chemistries | |
      4. 3.2.4 Energy-Cost Inflation at Curing and Processing Stage | |
      5. 3.2.5 Skilled-Labor Gaps in Advanced Composite Lay-Up |
    3. 3.3 Market Opportunity Analysis | |
      1. 3.3.1 Bio-Based and Recyclable Epoxy Chemistries | |
      2. 3.3.2 Data-Center and Semiconductor Encapsulant Demand | |
      3. 3.3.3 Green-Building Certification and Construction-Chemical Upgrades | |
      4. 3.3.4 Drone-Delivered Maintenance Coatings for Remote Infrastructure | |
      5. 3.3.5 Export-Oriented Formulation and Contract Manufacturing |
    4. 3.4 Industry Value Chain Analysis |
    5. 3.5 Porter's Five Forces Analysis
  4. 4 India Epoxy Resins Market Size & Forecast (2021–2035) |
    1. 4.1 Historical Market Size (2021–2025) |
    2. 4.2 Current & Forecast Market Size (2026–2035) |
    3. 4.3 Market Size by Volume (Kilotons) |
    4. 4.4 Year-over-Year Growth Analysis
  5. 5 Segmentation Analysis |
    1. 5.1 By Raw Material | |
      1. 5.1.1 DGEBA | |
      2. 5.1.2 DGEBF | |
      3. 5.1.3 Novolac | |
      4. 5.1.4 Aliphatic | |
      5. 5.1.5 Glycidylamine | |
      6. 5.1.6 Other Raw Materials |
    2. 5.2 By Application | |
      1. 5.2.1 Paints and Coatings | |
      2. 5.2.2 Adhesives and Sealants | |
      3. 5.2.3 Composites | |
      4. 5.2.4 Electrical and Electronics | |
      5. 5.2.5 Other Applications
  6. 6 Regional Analysis |
    1. 6.1 Western India | |
      1. 6.1.1 Gujarat | |
      2. 6.1.2 Maharashtra | |
      3. 6.1.3 Rajasthan |
    2. 6.2 Northern India | |
      1. 6.2.1 Delhi-NCR | |
      2. 6.2.2 Uttar Pradesh | |
      3. 6.2.3 Haryana |
    3. 6.3 Southern India | |
      1. 6.3.1 Tamil Nadu | |
      2. 6.3.2 Karnataka | |
      3. 6.3.3 Andhra Pradesh / Telangana |
    4. 6.4 Eastern India | |
      1. 6.4.1 West Bengal | |
      2. 6.4.2 Odisha | |
      3. 6.4.3 Jharkhand |
    5. 6.5 Central & Northeastern India | |
      1. 6.5.1 Madhya Pradesh | |
      2. 6.5.2 Northeast States
  7. 7 Competitive Landscape |
    1. 7.1 Market Share Analysis (2025) |
    2. 7.2 Competitive Benchmarking Matrix |
    3. 7.3 Company Profiles | |
      1. 7.3.1 Aditya Birla Chemicals | |
      2. 7.3.2 Atul Ltd | |
      3. 7.3.3 Huntsman Corporation | |
      4. 7.3.4 BASF SE | |
      5. 7.3.5 Dow Inc. | |
      6. 7.3.6 Kukdo Chemicals | |
      7. 7.3.7 Nan Ya Plastics | |
      8. 7.3.8 Hexion Inc. | |
      9. 7.3.9 Jubilant Ingrevia | |
      10. 7.3.10 Cardolite Corporation
  8. 8 Future Outlook & Strategic Recommendations (2026–2035) |
    1. 8.1 Circular-Economy Resin Models |
    2. 8.2 Digitalization of Resin Formulation and Quality Control |
    3. 8.3 Electrification and EV-Infrastructure Buildout |
    4. 8.4 ESG Reporting and Sustainable Procurement Mandates
  9. 9 Recent Developments & News
  10. 10 Frequently Asked Questions (FAQs)
  11. 11 Report Scope & Methodology |
    1. 11.1 Study Period & Base Year |
    2. 11.2 Data Sources & Citations |
    3. 11.3 Abbreviations
  12. 12 LIST OF TABLES |
  13. TABLE 1 India Epoxy Resins Market Size & Forecast, by Volume (Kilotons), 2021–2035 |
  14. TABLE 2 India Epoxy Resins Market — Year-over-Year Growth Analysis, 2021–2035 |
  15. TABLE 3 India Epoxy Resins Market — Driver Impact Analysis |
  16. TABLE 4 India Epoxy Resins Market — Restraint Impact Analysis |
  17. TABLE 5 India Epoxy Resins Market Size, by Raw Material, 2021–2035 (Kilotons) |
  18. TABLE 6 India Epoxy Resins Market Size, by Application, 2021–2035 (Kilotons) |
  19. TABLE 7 India Epoxy Resins Market Size, by Region, 2021–2035 (Kilotons) |
  20. TABLE 8 Western India Epoxy Resins Market Size, by State, 2021–2035 (Kilotons) |
  21. TABLE 9 Northern India Epoxy Resins Market Size, by State, 2021–2035 (Kilotons) |
  22. TABLE 10 Southern India Epoxy Resins Market Size, by State, 2021–2035 (Kilotons) |
  23. TABLE 11 Eastern India Epoxy Resins Market Size, by State, 2021–2035 (Kilotons) |
  24. TABLE 12 Central & Northeastern India Epoxy Resins Market Size, by State, 2021–2035 (Kilotons) |
  25. TABLE 13 Competitive Benchmarking Matrix — India Epoxy Resins Market, 2025 |
  26. TABLE 14 Company Profiles — Key Players, India Epoxy Resins Market |
  27. TABLE 15 Recent Developments & Strategic Announcements, 2023–2025 |
  28. TABLE 16 Report Scope & Methodology Summary |
  29. TABLE 17 Detailed Sources and Citations
  30. 13 LIST OF FIGURES |
  31. FIGURE 1 India Epoxy Resins Market — Market Dynamics Overview |
  32. FIGURE 2 India Epoxy Resins Market — Value Chain Analysis |
  33. FIGURE 3 India Epoxy Resins Market — Porter's Five Forces Analysis |
  34. FIGURE 4 India Epoxy Resins Market Size Trend, 2021–2035 (Kilotons) |
  35. FIGURE 5 India Epoxy Resins Market Share, by Raw Material, 2025 |
  36. FIGURE 6 India Epoxy Resins Market Share, by Application, 2025 |
  37. FIGURE 7 India Epoxy Resins Market Share, by Region, 2025 |
  38. FIGURE 8 India Epoxy Resins Market — Competitive Landscape Heat Map

Segmentation Quick Reference

DimensionSub-SegmentsDominant SegmentFastest Growing Segment
By Raw MaterialDGEBA, DGEBF, Novolac, Aliphatic, Glycidylamine, Other Raw India Epoxy Resins MarketDGEBA (~60% share, 2025)Glycidylamine (CAGR ~9.1%)
By ApplicationPaints and Coatings, Adhesives and Sealants, Composites, Electrical and Electronics, Other ApplicationsPaints and Coatings (largest share, 2025)Composites (CAGR ~9.3%)

 

 

Market Segmentation Overview

By Raw Material

Sub-SegmentKey Trend
DGEBADominant chemistry; integrated BPA-to-resin production expanding domestically
DGEBFGrowing in flooring and tank linings due to low-viscosity processing advantages
NovolacRising demand from high-temperature electrical laminates and aerospace MRO
AliphaticNiche UV-stable outdoor coatings; premium pricing limits volume growth
GlycidylamineFastest growth driven by carbon-fiber prepreg localization
Other Raw India Epoxy Resins MarketEmerging bio-based CNSL and lignin chemistries at pilot scale

 

DGEBA continues to anchor the market's raw-material mix, but high-performance segments — Novolac, Glycidylamine — are growing at nearly twice the headline rate as India's aerospace, defense, and electronics industries mature. Bio-based alternatives under "Other Raw India Epoxy Resins Market" remain small but carry strategic importance as sustainability mandates intensify.

By Application

Sub-SegmentKey Trend
Paints and CoatingsReformulation toward low-VOC, waterborne systems under BIS IS 15489:2024
Adhesives and SealantsAutomotive and rail-coach structural bonding replacing mechanical fastening
CompositesWind-blade and defense-composite volumes scaling rapidly
Electrical and ElectronicsPCB laminates and semiconductor encapsulants growing with PLI-driven manufacturing
Other ApplicationsArt, craft, and tooling resins; small but fast adoption via e-commerce channels

 

Paints and coatings remain the volume cornerstone, but composites and electrical applications are the margin-growth engines. The transition from solvent-borne to waterborne coating systems is reshaping formulation economics across the entire application stack.

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