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INDIA EPOXY RESINS MARKET FORECAST 2022-2028

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INDIA EPOXY RESINS MARKET FORECAST 2022-2028

The India epoxy resins market is predicted to rise with a CAGR of 6.95% over the forecasting period, reaching a revenue share of $897.80 million by 2028. The base year considered for the studied market is 2021, and the forecasted years are from 2022 to 2028.

INDIA EPOXY RESINS MARKET FORECAST 2022-2028

India Epoxy Resins Market by Component (Epoxies, Hardeners) Market by Raw Material (DGBEA, DGBEF, NOVOLAC, Aliphatic, Glycidyl Amine, Other Raw Materials) Market by Application (Paints & Coatings, Electrical & Electronics, Construction, Adhesives, Wind Turbine, Composites, Other Applications)

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The India epoxy resins market is predicted to rise with a CAGR of 6.95% over the forecasting period, reaching a revenue share of $897.80 million by 2028. The base year considered for the studied market is 2021, and the forecasted years are from 2022 to 2028.

The market growth of the country is primarily ascribed to stable government support for infrastructural development, in addition to the expanded involvement of the private sector.

India Epoxy Resins Market

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Epoxy materials are organic polymer materials that can be made by polymerizing an epoxide with another compound comprising two hydroxyl groups. They are a type of synthetic thermosetting resins and well-balanced industrial materials with a wide variety of physical forms. Although epoxy materials are generally available in liquid form at room temperatures, they can be changed into solid form chemically. Moreover, epoxies provide low shrinkage, high strength, excellent adhesion to various substrates, moisture resistance, thermal solidity, chemical and solvent resistance, effective electric insulation, and corrosion protection.

The construction industry in India is anticipated to grow at a significant rate over the upcoming ten years. The rise in the private sector, as well as government investments in infrastructure development and non-residential and residential buildings, is set to play an integral role in bolstering the construction market in the country.

Moreover, government support in India is is exemplified in expansionary budgetary allocations for infrastructure projects, in addition to regulatory reforms, thereby opening novel sectors to private involvement and investment. Furthermore, the surge in automobile production, coupled with activities and initiatives undertaken by automotive manufacturers, is expected to generate lucrative growth opportunities for the vehicular industry across India during the estimated period. Hence, these factors are set to augment the epoxy resins market growth.

The India epoxy resins market is segmented into component, raw material, and application. The raw material category is further classified into aliphatic (aliphatic alcohols), DGBEA (bisphenol A & ECH), novolac (formaldehyde & phenols), DGBEF (bisphenol F & ECH), and other raw materials. Aliphatic epoxy resins constitute properties like high-temperature resistance, moisture resistance, superior electrical insulation, as well as enhanced UV resistance. Besides, they are primarily utilized in weather-resistant solvent-based coatings for outdoor applications, including filament winding, vacuum pressure impregnation, and potting.

On the other hand, glycidylamine epoxy resins are manufactured by reacting aromatic amines with ECH. Glycidyl amine epoxy resins have high reactivity, mechanical properties, chemical resistance, and relatively low room temperature viscosity, ensuring easy handling. They are also used in manufacturing fiber-reinforced composites, coatings, and adhesives. The resins are developed for meeting the criteria of relatively high thermal resistance, particularly for demanding aeronautical applications.

Some of the top companies operating in the India epoxy resins market are Aditya Birla Chemicals Ltd, BASF, Pidilite Industries Ltd, etc.

Aditya Birla Chemicals Ltd (ABC), headquartered in India, is a manufacturing subsidiary for specialty and bulk chemicals under the Aditya Birla Group. The group has several business units offering financial services. These include telecom services, BPO and IT services, and products such as viscose staple fibers, fertilizers, chemicals, branded apparel, insulators, carbon black, and others. The company’s geographical presence spans India, China, Thailand, and Germany. In India, Aditya Birla Chemicals Ltd is a leading manufacturer of viscose filament yarns as well as color-alkalis with around 7 manufacturing sites across the country.

Cycloaliphatic Resins, the company’s product, is utilized for the formulation of weather-resistant solvent-based coatings, primarily for outdoor applications.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue (Million)
Segments Analyzed Component, Raw Material, and Application
Country Analyzed India
Companies Analyzed

Aditya Birla Chemicals Ltd, BASF, Atul Ltd, Chemovate, Resinova Chemie Ltd, and Pidilite Industries Ltd.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON EPOXY RESINS MARKET
      • PARENT MARKET ANALYSIS – RESINS MARKET
      • DEVELOPMENT OF EPOXY RESINS
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • PESTLE ANALYSIS – INDIA
    4. MARKET BY COMPONENT
      • EPOXIES
      • HARDENERS
    5. MARKET BY RAW MATERIAL
      • DGBEA (BISPHENOL A & ECH)
      • DGBEF (BISPHENOL F & ECH)
      • NOVOLAC (FORMALDEHYDE & PHENOLS)
      • ALIPHATIC (ALIPHATIC ALCOHOLS)
      • GLYCIDYL AMINE (AROMATIC AMINES & ECH)
      • OTHER RAW MATERIALS
    6. MARKET BY APPLICATION
      • PAINTS & COATINGS
      • ELECTRICAL & ELECTRONICS
      • CONSTRUCTION
      • ADHESIVES
      • WIND TURBINE
      • COMPOSITES
      • OTHER APPLICATIONS
    7. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • ADITYA BIRLA CHEMICALS LTD
        • ATUL LTD
        • BASF
        • CHEMOVATE
        • PIDILITE INDUSTRIES LTD
        • RESINOVA CHEMIE LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – EPOXY RESINS

    TABLE 2: INDIA EPOXY RESINS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: INDIA EPOXY RESINS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 4: INDIA EPOXY RESINS MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: INDIA EPOXY RESINS MARKET, BY RAW MATERIAL, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 6: INDIA EPOXY RESINS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: INDIA EPOXY RESINS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 8: LIST OF MERGERS & ACQUISITIONS

    TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 10: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS

    TABLE 11: LIST OF BUSINESS EXPANSIONS                        

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: INDIA EPOXY RESINS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 6: INDIA EPOXY RESINS MARKET, BY EPOXIES, 2022-2028 (IN $ MILLION)

    FIGURE 7: INDIA EPOXY RESINS MARKET, BY HARDENERS, 2022-2028 (IN $ MILLION)

    FIGURE 8: INDIA EPOXY RESINS MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2021

    FIGURE 9: INDIA EPOXY RESINS MARKET, BY DGBEA (BISPHENOL A & ECH), 2022-2028 (IN $ MILLION)

    FIGURE 10: INDIA EPOXY RESINS MARKET, BY DGBEF (BISPHENOL F & ECH), 2022-2028 (IN $ MILLION)

    FIGURE 11: INDIA EPOXY RESINS MARKET, BY NOVOLAC (FORMALDEHYDE & PHENOLS), 2022-2028 (IN $ MILLION)

    FIGURE 12: INDIA EPOXY RESINS MARKET, BY ALIPHATIC (ALIPHATIC ALCOHOLS), 2022-2028 (IN $ MILLION)

    FIGURE 13: INDIA EPOXY RESINS MARKET, BY GLYCIDYL AMINE (AROMATIC AMINES & ECH), 2022-2028 (IN $ MILLION)

    FIGURE 14: INDIA EPOXY RESINS MARKET, BY OTHER RAW MATERIALS, 2022-2028 (IN $ MILLION)

    FIGURE 15: INDIA EPOXY RESINS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 16: INDIA EPOXY RESINS MARKET, BY PAINTS & COATINGS, 2022-2028 (IN $ MILLION)

    FIGURE 17: INDIA EPOXY RESINS MARKET, BY ELECTRICAL & ELECTRONICS, 2022-2028 (IN $ MILLION)

    FIGURE 18: INDIA EPOXY RESINS MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)

    FIGURE 19: INDIA EPOXY RESINS MARKET, BY ADHESIVES, 2022-2028 (IN $ MILLION)

    FIGURE 20: INDIA EPOXY RESINS MARKET, BY WIND TURBINE, 2022-2028 (IN $ MILLION)

    FIGURE 21: INDIA EPOXY RESINS MARKET, BY COMPOSITES, 2022-2028 (IN $ MILLION)

    FIGURE 22: INDIA EPOXY RESINS MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY COMPONENT
      • EPOXIES
      • HARDENERS
    2. MARKET BY RAW MATERIAL
      • DGBEA (BISPHENOL A & ECH)
      • DGBEF (BISPHENOL F & ECH)
      • NOVOLAC (FORMALDEHYDE & PHENOLS)
      • ALIPHATIC (ALIPHATIC ALCOHOLS)
      • GLYCIDYL AMINE (AROMATIC AMINES & ECH)
      • OTHER RAW MATERIALS
    3. MARKET BY APPLICATION
      • PAINTS & COATINGS
      • ELECTRICAL & ELECTRONICS
      • CONSTRUCTION
      • ADHESIVES
      • WIND TURBINE
      • COMPOSITES
      • OTHER APPLICATIONS

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    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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