India Epoxy Resin Market Size & Outlook, 2026-2033
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India epoxy resin market highlights
- The India epoxy resin market generated a revenue of USD 419.8 million in 2025 and is expected to reach USD 705.9 million by 2033.
- The India market is expected to grow at a CAGR of 6.8% from 2026 to 2033.
- In terms of segment, paints & coatings was the largest revenue generating application in 2025.
- Construction is the most lucrative application segment registering the fastest growth during the forecast period.
Epoxy resin market data book summary
| Market revenue in 2025 | USD 419.8 million |
| Market revenue in 2033 | USD 705.9 million |
| Growth rate | 6.8% (CAGR from 2026 to 2033) |
| Largest segment | Paints & coatings |
| Fastest growing segment | Construction |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paints & Coatings, Composites, Adhesives, Wind Turbines, Construction, Electrical & Electronics |
| Key market players worldwide | 3M Co, Aditya Birla Group, Basf SE, Solvay SA, Huntsman Corp, Olin Corp, Sika AG, Nan Ya Plastics, China Petroleum & Chemical Corp Class H, Momentive, Kolon Industries, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, India accounted for 3.4% of the global epoxy resin market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China epoxy resin market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 705.9 million by 2033.
Paints & coatings was the largest segment with a revenue share of 38.88% in 2025. Horizon Databook has segmented the India epoxy resin market based on paints & coatings, composites, adhesives, wind turbines, construction, electrical & electronics covering the revenue growth of each sub-segment from 2021 to 2033.
India allocated an investment budget of USD 1.4 trillion to infrastructure, with 24% for renewable energy, 18% for highways & roads, 17% for urban infrastructure, and 12% for railways. Growing middle-class population, improving standard of living, and rising disposable incomes are the major factors contributing to the growth of the construction industry, which, in turn, is expected to generate a demand for architectural and decorative paints and coatings over the forecast period propelling the demand for epoxy resins.
Furthermore, government initiatives such as Make in India, Smart Cities Mission, Housing for All, and 100% foreign direct investment (FDI) permitted through automatic routes in the construction sector are likely to boost market growth in the country over the coming years.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aditya Birla Group | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | https://www.adityabirla.com/ |
| Nan Ya Plastics | View profile | 251-500 | Taipei, T'ai-pei, Taiwan, Asia | https://www.npc.com.tw/j2npc/zhtw/ |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| Nagase & Co Ltd | View profile | 7220 | 5-1, Nihonbashi-Kobunacho, Chuo-ku, Tokyo, Japan, 103-8355 | http://www.nagase.co.jp |
| Kolon Industries | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.kolonindustries.com/ |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Olin Corp | View profile | 7326 | 190 Carondelet Plaza, Suite 1530, Clayton, MO, United States, 63105 | https://www.olin.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
India epoxy resin market size, by application, 2021-2033 (US$M)
India Epoxy Resin Market Outlook Share, 2025 & 2033 (US$M)
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