| Product Code: ETC4511665 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s import shipments of corrosion-resistant resin saw a notable increase in 2024, with top exporting countries including Thailand, South Korea, China, Germany, and Japan. The market displayed moderate concentration with a Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 15.62%, indicating a flourishing market. Additionally, the growth rate from 2023 to 2024 was recorded at 2.99%, showcasing sustained momentum in the sector. These trends suggest a growing demand for corrosion-resistant resin in the Indian market.

The India Corrosion Resistant Resin market is experiencing steady growth due to its importance across various industries, particularly in sectors such as construction, automotive, and chemical processing. These resins are designed to withstand the corrosive effects of chemicals and harsh environmental conditions. As industrial activities expand in India, the demand for such resins is on the rise, driven by the need to protect infrastructure and equipment from degradation.
The India corrosion-resistant resin market is experiencing significant growth, driven by the need for materials that can withstand harsh chemical environments and protect against corrosion. Industries such as chemicals, petrochemicals, and water treatment rely on corrosion-resistant resins for the construction of tanks, pipelines, and other equipment. Additionally, the infrastructure sector, including the construction of wastewater treatment plants and chemical storage facilities, is a key driver of this market. The growing awareness of environmental regulations and the need for long-lasting and low-maintenance solutions are contributing to the increased adoption of corrosion-resistant resins in India.
The corrosion resistant resin market in India faces challenges such as a lack of awareness about the benefits of these resins, which limits their adoption. Additionally, the high cost of corrosion-resistant resins can deter some industries, particularly smaller enterprises, from investing in these solutions. Supply chain disruptions and fluctuations in raw material prices can also pose challenges to manufacturers in this market.
The India Corrosion Resistant Resin market, essential in infrastructure and chemical processing, faced varying impacts from COVID-19. Reduced construction activities and industrial slowdowns affected the demand for corrosion-resistant resins. However, the chemical processing industry, which relies on these resins, remained relatively stable. The market`s recovery was driven by the gradual resurgence of infrastructure projects and the chemical industry`s resilience.
Key players in the India corrosion-resistant resin market comprise Ashland Global Holdings Inc, AOC LLC, Hexion Inc, Olin Corporation, and Huntsman Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Corrosion Resistant Resin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Corrosion Resistant Resin Market Revenues & Volume, 2021 & 2031F |
3.3 India Corrosion Resistant Resin Market - Industry Life Cycle |
3.4 India Corrosion Resistant Resin Market - Porter's Five Forces |
3.5 India Corrosion Resistant Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Corrosion Resistant Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Corrosion Resistant Resin Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Corrosion Resistant Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for corrosion-resistant materials in industries such as automotive, construction, and marine. |
4.2.2 Growing awareness about the benefits of using corrosion-resistant resins for extending the lifespan of equipment and infrastructure. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs and pricing of corrosion-resistant resins. |
4.3.2 Lack of standardization and regulations in the corrosion-resistant resin industry leading to quality concerns for end-users. |
5 India Corrosion Resistant Resin Market Trends |
6 India Corrosion Resistant Resin Market, By Types |
6.1 India Corrosion Resistant Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Corrosion Resistant Resin Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Corrosion Resistant Resin Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.4 India Corrosion Resistant Resin Market Revenues & Volume, By Polyester, 2021-2031F |
6.2 India Corrosion Resistant Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Corrosion Resistant Resin Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.3 India Corrosion Resistant Resin Market Revenues & Volume, By Composites, 2021-2031F |
6.3 India Corrosion Resistant Resin Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Corrosion Resistant Resin Market Revenues & Volume, By Oil & gas, 2021-2031F |
6.3.3 India Corrosion Resistant Resin Market Revenues & Volume, By Heavy industries, 2021-2031F |
6.3.4 India Corrosion Resistant Resin Market Revenues & Volume, By Automotive & transportation, 2021-2031F |
7 India Corrosion Resistant Resin Market Import-Export Trade Statistics |
7.1 India Corrosion Resistant Resin Market Export to Major Countries |
7.2 India Corrosion Resistant Resin Market Imports from Major Countries |
8 India Corrosion Resistant Resin Market Key Performance Indicators |
8.1 Research and development investment in new corrosion-resistant resin technologies. |
8.2 Adoption rate of corrosion-resistant resin solutions in key industries. |
8.3 Number of partnerships and collaborations for expanding market reach. |
8.4 Rate of innovation in product development for improved performance and durability. |
8.5 Environmental certifications and sustainability initiatives in the production of corrosion-resistant resins. |
9 India Corrosion Resistant Resin Market - Opportunity Assessment |
9.1 India Corrosion Resistant Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Corrosion Resistant Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Corrosion Resistant Resin Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Corrosion Resistant Resin Market - Competitive Landscape |
10.1 India Corrosion Resistant Resin Market Revenue Share, By Companies, 2024 |
10.2 India Corrosion Resistant Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |