Key Insights
The India flooring resins market, estimated at 10.59 billion in 2024, is poised for significant expansion. Projected to grow at a Compound Annual Growth Rate (CAGR) of 5.6% from 2024 to 2032, this growth is primarily propelled by India's burgeoning construction sector. Key drivers include rapid urbanization, rising disposable incomes, and government initiatives supporting affordable housing and infrastructure development. The increasing demand for aesthetically pleasing, durable, and eco-friendly flooring solutions, such as acrylic and epoxy resins, is a notable trend. While initial investment costs for premium resins like polyaspartic and polyurethane may be a consideration, their long-term performance benefits are expected to drive adoption. The market is segmented by end-use (commercial, industrial & institutional, infrastructure, residential) and product type (acrylic, epoxy, polyaspartic, polyurethane, and others). Acrylic and epoxy resins currently lead due to cost-effectiveness, with polyaspartic and polyurethane gaining traction for their superior properties. South and West India are anticipated to be growth hotspots, driven by strong economic activity and infrastructure projects.
India Flooring Resins Market Market Size (In Billion)
Leading players such as Henkel AG & Co KGaA, RPM International Inc., MBCC Group, Sherwin-Williams, and Asian Paints PPG Pvt Ltd are actively shaping this competitive landscape through technological innovation and extensive distribution networks. Future market dynamics are likely to be influenced by product innovation, strategic partnerships, and a growing emphasis on sustainability, particularly the development of low-VOC resins. The forecast period anticipates a substantial increase in market value, contributing significantly to India's construction and building materials industry.
India Flooring Resins Market Company Market Share
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 segmentation, product landscape, key players, and future outlook. With a focus on both parent and child markets, this report is an essential resource for industry professionals, investors, and strategists seeking to understand and capitalize on opportunities within this rapidly evolving sector. The report covers the period 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The market size is presented in Million units.
India Flooring Resins Market Market Dynamics & Structure
The Indian flooring resins market is characterized by a moderately concentrated landscape, with both multinational corporations and domestic players vying for market share. Technological innovation, driven by the demand for high-performance, sustainable, and aesthetically pleasing flooring solutions, is a key driver. Stringent regulatory frameworks concerning VOC emissions and environmental compliance influence product formulations and manufacturing processes. The market also faces competition from alternative flooring materials like tiles and wood. The residential segment is a significant growth driver, fueled by rising disposable incomes and urbanization. Mergers and acquisitions (M&A) activity, as evidenced by recent deals, indicates consolidation within the sector.
- Market Concentration: Moderately concentrated, with top 5 players holding xx% market share in 2025.
- Technological Innovation: Focus on high-performance, sustainable, and aesthetically appealing resins.
- Regulatory Framework: Stringent environmental regulations driving product innovation.
- Competitive Substitutes: Tiles, wood, and other flooring materials pose competitive pressure.
- End-User Demographics: Rapid urbanization and rising disposable incomes driving residential segment growth.
- M&A Trends: xx M&A deals recorded between 2019-2024, indicating consolidation within the industry.
India Flooring Resins Market Growth Trends & Insights
The India flooring resins market experienced significant growth during the historical period (2019-2024), driven by robust infrastructure development and increasing construction activity across various sectors. The market size reached xx Million units in 2024, growing at a CAGR of xx% during this period. This growth is projected to continue during the forecast period (2025-2033), with the market expected to reach xx Million units by 2033, driven by increased adoption of resinous flooring in commercial and industrial spaces, government initiatives promoting infrastructure development and a rising preference for durable and aesthetically pleasing flooring in residential constructions. Technological advancements, such as the development of self-leveling compounds and UV-cured resins, are further fueling market expansion. Changing consumer preferences towards low-maintenance, hygienic flooring solutions are also positively impacting market growth. Market penetration in niche segments, like healthcare and food processing, is expected to increase.
Dominant Regions, Countries, or Segments in India Flooring Resins Market
The residential segment holds a dominant position in the Indian flooring resins market, driven by rapid urbanization and increasing disposable incomes. The commercial and industrial sectors are also key contributors, with growth fueled by expansion in manufacturing, warehousing, and retail spaces. Geographically, metropolitan areas and rapidly developing regions are driving higher demand. The Epoxy sub-product segment is experiencing significant growth, owing to its superior durability, chemical resistance, and cost-effectiveness.
- Key Drivers:
- Rapid urbanization and rising disposable incomes (Residential)
- Infrastructure development and industrial expansion (Commercial & Industrial)
- Government initiatives supporting infrastructure projects
- Growing preference for durable, hygienic flooring solutions
- Dominant Segments: Residential (xx% market share in 2025), Epoxy (xx% market share in 2025).
India Flooring Resins Market Product Landscape
The Indian flooring resins market offers a wide range of products, including acrylic, epoxy, polyaspartic, polyurethane, and other specialized resin types. Recent innovations focus on enhancing performance characteristics like durability, chemical resistance, and aesthetics. Self-leveling formulations are gaining traction for their ease of application and superior finish. Manufacturers are emphasizing sustainable and eco-friendly options, incorporating low-VOC resins and recycled materials. Unique selling propositions include ease of application, long-term durability, and design flexibility. Technological advancements are centered on improving chemical and UV resistance, and reducing installation time.
Key Drivers, Barriers & Challenges in India Flooring Resins Market
Key Drivers:
- Increasing construction activities across residential, commercial, and industrial sectors.
- Growing demand for durable, low-maintenance flooring solutions.
- Government initiatives focused on infrastructure development.
- Technological advancements in resin formulations and application methods.
Challenges & Restraints:
- Fluctuations in raw material prices and supply chain disruptions (Impact: xx% increase in resin prices in 2024).
- Stringent environmental regulations impacting manufacturing costs.
- Intense competition among existing players (leading to price wars and reduced profit margins).
Emerging Opportunities in India Flooring Resins Market
Emerging opportunities include the expansion into niche markets such as healthcare, food processing, and cleanroom facilities, which demand specialized high-performance flooring. The increasing adoption of sustainable and eco-friendly resins presents significant growth potential. Innovative applications, such as 3D printed flooring and smart flooring systems incorporating sensor technology, offer exciting prospects. Evolving consumer preferences towards personalized flooring solutions with customized designs are also creating new market opportunities.
Growth Accelerators in the India Flooring Resins Market Industry
Technological breakthroughs in resin formulations, such as the development of self-healing and antimicrobial resins, are key growth accelerators. Strategic partnerships between resin manufacturers and flooring contractors facilitate market expansion. Aggressive marketing campaigns emphasizing the benefits of resinous flooring solutions are driving adoption. Expansion into new geographical markets and untapped segments will further contribute to long-term market growth.
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
- May 2023: The Sherwin-Williams Company introduced SofTop Comfort flooring solutions, expanding its seamless resinous flooring portfolio with a focus on comfort, aesthetics, and sustainability.
- May 2023: Sika acquired the MBCC Group, significantly expanding its presence in the flooring resins market.
- July 2022: The Sherwin-Williams Company acquired Dur-A-Flex Inc., strengthening its position in the resinous flooring market.
In-Depth India Flooring Resins Market Market Outlook
The Indian flooring resins market is poised for sustained growth over the forecast period, driven by several factors including robust infrastructure development, increasing urbanization, and growing adoption of resinous flooring across various sectors. Strategic investments in research and development, coupled with innovative product launches, will further stimulate market expansion. Companies focusing on sustainable and eco-friendly solutions are likely to gain a competitive advantage. The market presents attractive opportunities for both established players and new entrants focusing on specialized applications and niche markets.
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 Regional Market Share
Geographic Coverage of India Flooring Resins Market
India Flooring Resins Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.6% from 2020-2034 |
| 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, 2020-2032
- 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. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 Henkel AG & Co KGaA
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 RPM International Inc
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 MBCC Group
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 The Sherwin-Williams Compan
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Jemkon Pvt Ltd
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 3M
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 Akzo Nobel N V
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Asian Paints PPG Pvt Ltd
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Sika AG
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Kansai Paint Co Ltd
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.1 Henkel AG & Co KGaA
List of Figures
- Figure 1: India Flooring Resins Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: India Flooring Resins Market Share (%) by Company 2025
List of Tables
- Table 1: India Flooring Resins Market Revenue billion Forecast, by End Use Sector 2020 & 2033
- Table 2: India Flooring Resins Market Revenue billion Forecast, by Sub Product 2020 & 2033
- Table 3: India Flooring Resins Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: India Flooring Resins Market Revenue billion Forecast, by End Use Sector 2020 & 2033
- Table 5: India Flooring Resins Market Revenue billion Forecast, by Sub Product 2020 & 2033
- Table 6: India Flooring Resins Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the India Flooring Resins Market?
The projected CAGR is approximately 5.6%.
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 10.59 billion 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 billion.
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?
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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