Key Insights
The India flooring resins market is experiencing robust growth, driven by increasing infrastructure development, rapid urbanization, and a rising preference for aesthetically pleasing and durable flooring solutions in both residential and commercial sectors. The market's Compound Annual Growth Rate (CAGR) of 5.00% from 2019 to 2024 suggests a steadily expanding demand. This growth is further fueled by the expanding construction industry, particularly in the commercial and industrial segments, which are adopting flooring resins for their superior performance characteristics, including high durability, chemical resistance, and ease of maintenance. The shift towards sustainable and eco-friendly construction practices is also influencing market trends, with increased demand for resins with lower volatile organic compound (VOC) emissions. While the exact market size for 2025 is not provided, estimating from the given CAGR and assuming a 2024 market size of approximately ₹1000 million (a reasonable estimate based on similar markets in developing economies), the 2025 market size would be approximately ₹1050 million. This growth trajectory is anticipated to continue through 2033, driven by sustained government investments in infrastructure projects and ongoing growth in the residential sector, particularly in expanding metropolitan areas.
Key segments within the market include acrylic, epoxy, polyaspartic, and polyurethane resins. Epoxy resins currently hold a significant market share due to their versatility and strength, but polyaspartic and polyurethane resins are experiencing faster growth, fueled by their superior performance characteristics such as rapid curing times and enhanced durability. The residential segment is projected to show strong growth as homeowners increasingly opt for sophisticated flooring options, while the industrial and commercial sectors will continue to be significant drivers due to the need for high-performance flooring in demanding environments. Competitive pressures among major players like Henkel, RPM International, MBCC Group, Sherwin-Williams, and others are promoting innovation and price competitiveness, benefitting consumers. Regional variations in growth are expected, with southern and western India potentially outpacing other regions due to higher construction activity and economic growth. However, the entire nation is likely to participate in this growth, indicating a significant opportunity for flooring resin manufacturers.
India Flooring Resins Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the India flooring resins market, encompassing market dynamics, growth trends, regional dominance, product landscape, key players, and future outlook. The study period covers 2019-2033, with 2025 as the base year and a forecast period of 2025-2033. The report is essential for industry professionals, investors, and strategists seeking to understand and capitalize on opportunities within this rapidly evolving market. The market size is projected at XX Million units in 2025.
India Flooring Resins Market Market Dynamics & Structure
The Indian flooring resins market is characterized by a moderately concentrated structure, with both global and domestic players vying for market share. Technological innovation, particularly in sustainable and high-performance resins, is a key driver. Stringent regulatory frameworks concerning VOC emissions and environmental impact influence product development and market dynamics. Competitive substitutes, such as traditional flooring materials like tiles and wood, continue to exert pressure, although resinous flooring's advantages in durability, hygiene, and aesthetics are driving adoption.
- Market Concentration: The top 5 players hold approximately XX% of the market share in 2025.
- Technological Innovation: Focus on low-VOC, high-durability, and aesthetically versatile resin formulations.
- Regulatory Landscape: Increasing emphasis on sustainable and environmentally friendly manufacturing processes.
- Competitive Substitutes: Pressure from traditional flooring materials; however, resinous flooring offers superior performance attributes.
- End-User Demographics: Growth driven by increasing construction activity in commercial, industrial, and residential sectors.
- M&A Trends: Significant consolidation through acquisitions, particularly in the last few years; this has led to an increase in market concentration. The number of M&A deals in the period 2019-2024 totaled XX.
India Flooring Resins Market Growth Trends & Insights
The Indian flooring resins market exhibits robust growth, driven by a burgeoning construction industry, expanding infrastructure projects, and increasing demand for aesthetically pleasing and durable flooring solutions in both residential and commercial spaces. The market size experienced a CAGR of XX% during the historical period (2019-2024) and is projected to maintain a CAGR of XX% during the forecast period (2025-2033), reaching an estimated size of XX Million units by 2033. This growth is fueled by rising disposable incomes, urbanization, and government initiatives promoting infrastructure development. Technological advancements, such as the introduction of self-leveling compounds and UV-cured resins, are further accelerating adoption. Consumer preferences are shifting towards sustainable, low-maintenance, and aesthetically superior flooring options, benefiting the growth of the flooring resins market.
Dominant Regions, Countries, or Segments in India Flooring Resins Market
The metropolitan areas of major cities like Mumbai, Delhi, Bangalore, and Chennai are the dominant regions in the Indian flooring resins market, driven by high construction activity and increased infrastructure spending. Within the end-use sectors, commercial and industrial segments exhibit the highest growth rates due to the demand for hygienic and durable flooring in factories, warehouses, hospitals, and shopping malls. The infrastructure segment is also experiencing significant growth due to large-scale infrastructure projects. Among sub-products, epoxy resins dominate the market due to their versatility and excellent performance characteristics.
- Key Drivers: Rapid urbanization, significant infrastructure investments (e.g., Smart Cities Mission), growth in the manufacturing and retail sectors.
- Dominant Segments: Commercial & Industrial (XX% market share in 2025), Epoxy resins (XX% market share in 2025).
India Flooring Resins Market Product Landscape
The Indian flooring resins market offers a diverse range of products, including acrylic, epoxy, polyaspartic, polyurethane, and other resin types, each tailored to specific application requirements. Recent innovations focus on enhancing durability, aesthetics, and sustainability. Self-leveling formulations simplify installation, while UV-cured resins offer faster curing times and reduced VOC emissions. Manufacturers are increasingly emphasizing the unique selling propositions of their products, such as high chemical resistance, ease of maintenance, and aesthetically pleasing finishes.
Key Drivers, Barriers & Challenges in India Flooring Resins Market
Key Drivers: The primary drivers are the booming construction industry, government infrastructure projects, and increasing consumer preference for aesthetically appealing and long-lasting flooring.
Challenges: High initial investment costs, fluctuating raw material prices, and a lack of awareness about the benefits of resinous flooring in certain segments hinder market expansion. Supply chain disruptions can also impact availability and pricing.
Emerging Opportunities in India Flooring Resins Market
Untapped market potential exists in smaller cities and towns, as well as in specialized applications such as cleanrooms and healthcare facilities. Opportunities also exist in developing innovative, sustainable, and cost-effective resin formulations catering to specific regional needs. Growing demand for customized flooring solutions with enhanced aesthetics opens avenues for manufacturers to differentiate their offerings.
Growth Accelerators in the India Flooring Resins Market Industry
Strategic partnerships between resin manufacturers and flooring contractors can accelerate market penetration. Technological advancements in resin formulations, such as bio-based resins and self-healing technologies, will drive future growth. Increased government support for sustainable construction practices can further boost the market's expansion.
Key Players Shaping the India Flooring Resins Market Market
- Henkel AG & Co KGaA
- RPM International Inc
- MBCC Group
- The Sherwin-Williams Company
- Jemkon Pvt Ltd
- 3M
- Akzo Nobel N V
- Asian Paints PPG Pvt Ltd
- Sika AG
- Kansai Paint Co Ltd
Notable Milestones in India Flooring Resins Market Sector
- July 2022: The Sherwin-Williams Company acquired Dur-A-Flex Inc., strengthening its position in the resinous flooring market.
- May 2023: The Sherwin-Williams Company launched SofTop Comfort flooring solutions, enhancing its product portfolio with a focus on comfort and sustainability.
- May 2023: Sika's acquisition of the MBCC Group significantly expanded its presence in the flooring resins market.
In-Depth India Flooring Resins Market Market Outlook
The Indian flooring resins market is poised for sustained growth, driven by continued urbanization, infrastructure development, and technological advancements. Strategic investments in research and development, along with strategic partnerships, will be crucial for companies to capture market share. The focus on sustainable and high-performance resin formulations will be key to long-term success. The market is expected to witness significant expansion, presenting lucrative opportunities for both established players and new entrants.
India Flooring Resins Market Segmentation
-
1. End Use Sector
- 1.1. Commercial
- 1.2. Industrial and Institutional
- 1.3. Infrastructure
- 1.4. Residential
-
2. Sub Product
- 2.1. Acrylic
- 2.2. Epoxy
- 2.3. Polyaspartic
- 2.4. Polyurethane
- 2.5. Other Resin Types
India Flooring Resins Market Segmentation By Geography
- 1. India
India Flooring Resins Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. ; Growing Demand from Paper and Packaging Industry; Shifting Consumer Preferences to Hot-melt Adhesives; Stringent Regulatory Policies
- 3.3. Market Restrains
- 3.3.1. ; Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. India Flooring Resins Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 5.1.1. Commercial
- 5.1.2. Industrial and Institutional
- 5.1.3. Infrastructure
- 5.1.4. Residential
- 5.2. Market Analysis, Insights and Forecast - by Sub Product
- 5.2.1. Acrylic
- 5.2.2. Epoxy
- 5.2.3. Polyaspartic
- 5.2.4. Polyurethane
- 5.2.5. Other Resin Types
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. India
- 5.1. Market Analysis, Insights and Forecast - by End Use Sector
- 6. North India India Flooring Resins Market Analysis, Insights and Forecast, 2019-2031
- 7. South India India Flooring Resins Market Analysis, Insights and Forecast, 2019-2031
- 8. East India India Flooring Resins Market Analysis, Insights and Forecast, 2019-2031
- 9. West India India Flooring Resins Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Henkel AG & Co KGaA
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 RPM International Inc
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 MBCC Group
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 The Sherwin-Williams Compan
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Jemkon Pvt Ltd
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 3M
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Akzo Nobel N V
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Asian Paints PPG Pvt Ltd
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Sika AG
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Kansai Paint Co Ltd
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.1 Henkel AG & Co KGaA
List of Figures
- Figure 1: India Flooring Resins Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: India Flooring Resins Market Share (%) by Company 2024
List of Tables
- Table 1: India Flooring Resins Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: India Flooring Resins Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 3: India Flooring Resins Market Revenue Million Forecast, by Sub Product 2019 & 2032
- Table 4: India Flooring Resins Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: India Flooring Resins Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: North India India Flooring Resins Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: South India India Flooring Resins Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: East India India Flooring Resins Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: West India India Flooring Resins Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: India Flooring Resins Market Revenue Million Forecast, by End Use Sector 2019 & 2032
- Table 11: India Flooring Resins Market Revenue Million Forecast, by Sub Product 2019 & 2032
- Table 12: India Flooring Resins Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the India Flooring Resins Market?
The projected CAGR is approximately 5.00%.
2. Which companies are prominent players in the India Flooring Resins Market?
Key companies in the market include Henkel AG & Co KGaA, RPM International Inc, MBCC Group, The Sherwin-Williams Compan, Jemkon Pvt Ltd, 3M, Akzo Nobel N V, Asian Paints PPG Pvt Ltd, Sika AG, Kansai Paint Co Ltd.
3. What are the main segments of the India Flooring Resins Market?
The market segments include End Use Sector, Sub Product.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
; Growing Demand from Paper and Packaging Industry; Shifting Consumer Preferences to Hot-melt Adhesives; Stringent Regulatory Policies.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
; Unfavorable Conditions Arising Due to COVID-19 Outbreak.
8. Can you provide examples of recent developments in the market?
May 2023: The Sherwin-Williams Company introduced SofTop Comfort flooring solutions, an addition to its seamless resinous flooring portfolio that provides comfort, excellent aesthetics, and sustainability.May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.July 2022: The Sherwin-Williams Company acquired Dur-A-Flex Inc. to provide more value and a higher level of service as the go-to partner in resinous flooring.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "India Flooring Resins Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the India Flooring Resins Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the India Flooring Resins Market?
To stay informed about further developments, trends, and reports in the India Flooring Resins Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
