India Epoxy Resins Companies

The market for epoxy resins in India encompasses a diverse range of products, including liquid epoxy resins, solid epoxy resins, and epoxy functional resins. These resins find applications in coatings, adhesives, composites, electrical laminates, and encapsulation materials, among others. The booming construction and infrastructure sectors are driving significant demand for epoxy-based products.

Competitive Landscape

The Indian epoxy resins market exhibits a partially fragmented structure with a mix of established domestic players and international giants. Here's a breakdown of key strategies and factors influencing market share:

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  Product Innovation: Leading companies are constantly innovating to develop high-performance, application-specific epoxy resins. This caters to diverse industry needs and enhances brand value.


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  Expansion & Capacity Building: Major players are expanding their production capacities to meet the growing demand and establish a strong regional presence.


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  Focus on Sustainability: Epoxy resin manufacturers are increasingly focusing on developing eco-friendly alternatives to cater to growing environmental concerns.


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  Cost Optimization: Several companies are optimizing production processes and streamlining supply chains to reduce costs and remain competitive.


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  Distribution Network & Customer Service: Establishing robust distribution networks and providing excellent customer service are crucial for brand visibility and market penetration.

Factors Influencing Market Share

Several factors determine a company's market share in the Indian epoxy resins market:

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  Product Portfolio: Offering a diverse range of high-quality epoxy resins catering to various applications strengthens market position.


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  Brand Reputation: A strong brand reputation built on consistent quality, reliability, and customer satisfaction is a key differentiator.


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  Pricing Strategy: Competitive pricing strategies that balance value and affordability are crucial for attracting customers.


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  Technological Advancements: Continuous investment in research and development to develop innovative and sustainable epoxy resin solutions provides a competitive edge.

Key Companies in the Epoxy Resins Market include

• 3M


• Aditya Birla Chemicals


• Atul Ltd


• BASF SE


• Daicel Corporation


• DuPont


• KUKDO CHEMICAL CO., LTD.


• MACRO POLYMERS Pvt Ltd

Recent Developments 

In February 2022, Hexion Holdings Corporation (Hexion) has sold its epoxy-based Coatings and Composite businesses, which include the epoxy specialty resins, base epoxy resins, and intermediates product lines, to Westlake Chemical Corporation for about USD 1.2 billion.

In April 2021, KUKDO Chemicals boosted its epoxy resin manufacturing capacity with the Busan YD-128 new factory, which has an annual capacity of 100,000 tons

October 2023: Aditya Birla Chemicals, a major Indian epoxy resin producer, announced plans to expand its epoxy resin manufacturing capacity by 25% to meet the growing demand. This move signifies the confidence in the market's growth potential.

November 2023: The Indian government announced a new infrastructure development plan with a significant budget allocation. This is expected to drive demand for epoxy resins in the construction sector, benefiting market players 

December 2023: Huntsman Polyurethanes, a global leader in polyurethane and epoxy solutions, inaugurated a new manufacturing facility in India. This expansion strengthens their presence in the Indian market and caters to the growing demand for high-performance epoxy solutions