India Synthetic Resins Market (2025-2031) Outlook | Share, Growth, Size, Companies, Forecast, Industry, Revenue, Analysis, Trends & Value

India Synthetic Resins Market Synopsis

The India synthetic resins market size was valued at around US$ 3billion 0 which is likely project positive outlook during the forecast period due strong demand for coating applications coupled with rapid industrial development activities resulting into increased consumption of these materials across multiple end use industries including paper converting , wood furniture manufacturing metal canning , printing ink manufacturing etc .Moreover , strict implementation of regulations regarding product quality along with focus on switching traditional products by adopting bio based materials will further strengthen overall industry landscape.

Market Drivers of the market

The India synthetic resins market is witnessing robust growth due to its extensive use in various industries, including construction, automotive, packaging, and electronics. Synthetic resins are widely used as adhesives, coatings, and in composite materials. The booming construction sector and increasing infrastructure development are driving the demand for synthetic resins in adhesives and coatings applications. The rising demand for lightweight and durable materials in the automotive and electronics industries also contributes to the market`s expansion. However, environmental concerns related to the disposal and recycling of synthetic resins pose challenges to the market`s growth. Key players are investing in research and development to develop eco-friendly resins and promote sustainable practices in the industry.

Challenges of the Market

The India synthetic resins market faces challenges related to environmental impact and raw material availability. Many synthetic resins are derived from petrochemicals and are associated with environmental concerns such as greenhouse gas emissions and plastic waste. The increasing demand for eco-friendly and sustainable materials is driving the need for bio-based and biodegradable resin alternatives. Manufacturers need to invest in research and development to develop eco-friendly resins while maintaining product performance and functionality. Additionally, fluctuations in raw material prices and availability can impact the cost and supply chain of synthetic resins. Market players need to explore alternative feedstocks and establish strategic partnerships to ensure a stable and cost-effective supply of raw materials.

Covid-19 Impact on the Market

The India synthetic resins market experienced mixed impacts from the COVID-19 pandemic. The disruption in manufacturing and construction activities during the lockdown phase affected the demand for synthetic resins used in adhesives, coatings, and composite materials. However, with the gradual resumption of economic activities and the revival of the construction and automotive sectors, there was a rebound in demand for synthetic resins. The increased demand for packaging materials and essential goods during the pandemic also contributed to the demand for synthetic resins used in various industrial applications. Market players, including Asian Paints Limited, Pidilite Industries Limited, and Huntsman International (India) Pvt. Ltd., adapted their production and distribution strategies to address the fluctuating market demands during the pandemic.

Key Players of the Market

In the India synthetic resins market, key players are instrumental in providing a wide range of resins for various industries. Major companies like Asian Paints Limited, Pidilite Industries Limited, and Huntsman International (India) Pvt. Ltd. are among the prominent players in this market. These companies manufacture and supply synthetic resins used in adhesives, coatings, and composite materials. They focus on product development, technical support, and customer service to cater to the diverse needs of their clients. Additionally, these key players invest in sustainability and eco-friendly practices to reduce the environmental impact of synthetic resins. They collaborate with customers and industry partners to develop tailored solutions for specific applications and industries. Through their innovative product offerings and market expertise, these companies significantly contribute to the growth and dynamism of the synthetic resins market in India.

Key Highlights of the Report:

• India Synthetic Resins Market Outlook
• Market Size of India Synthetic Resins Market, 2024
• Forecast of India Synthetic Resins Market, 2031
• Historical Data and Forecast of India Synthetic Resins Revenues & Volume for the Period 2021-2031
• India Synthetic Resins Market Trend Evolution
• India Synthetic Resins Market Drivers and Challenges
• India Synthetic Resins Price Trends
• India Synthetic Resins Porter's Five Forces
• India Synthetic Resins Industry Life Cycle
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Packaging for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Building Supplies for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Thermoplastic Resins for the Period 2021-2031
• Historical Data and Forecast of India Synthetic Resins Market Revenues & Volume By Thermosetting Resin for the Period 2021-2031
• India Synthetic Resins Import Export Trade Statistics
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Product
• India Synthetic Resins Top Companies Market Share
• India Synthetic Resins Competitive Benchmarking By Technical and Operational Parameters
• India Synthetic Resins Company Profiles
• India Synthetic Resins Key Strategic Recommendations