Key Insights
The India flooring resins market is experiencing significant expansion, propelled by surging construction activities across residential, commercial, and infrastructure sectors. A growing consumer preference for durable and aesthetically pleasing flooring solutions further fuels this demand. The market's compound annual growth rate (CAGR) of 5.6% from 2019 to 2024 underscores its steady growth trajectory, expected to persist through the forecast period (2025-2033). Key resin types driving this expansion include acrylic, epoxy, and polyurethane, attributed to their superior performance, including high durability, chemical resistance, and ease of application. The commercial and infrastructure segments are major contributors, benefiting from substantial investments in development. While the residential sector shows consistent growth, the industrial sector's performance is influenced by cyclical demand. Environmental regulations concerning VOC emissions and sustainability present potential challenges, as do raw material price volatility and supply chain disruptions. Leading global and regional manufacturers are actively driving market dynamics through product innovation and strategic alliances. Growth is projected across all Indian regions, mirroring national infrastructure development.
India Flooring Resins Market Market Size (In Billion)
With a CAGR of 5.6% from 2019-2024, the India flooring resins market is poised for continued expansion through 2033. The market size was approximately 10.59 billion in the base year 2024. This projection necessitates a comprehensive analysis of market drivers and restraints to ensure accuracy. Increased competition is anticipated from both global and local players introducing innovative, application-specific products. The future market landscape will increasingly emphasize eco-friendly and sustainable flooring solutions.
India Flooring Resins Market Company Market Share
This comprehensive report offers in-depth analysis and actionable insights into the India flooring resins market for stakeholders, investors, and industry professionals. The study covers the period 2019-2033, with 2024 as the base year and the forecast period from 2025-2033. Extensive historical data from 2019-2024 informs future market trend projections and growth opportunities.
India Flooring Resins Market Concentration & Innovation
The India flooring resins market exhibits a moderately concentrated landscape, with key players like Henkel AG & Co KGaA, RPM International Inc, MBCC Group, The Sherwin-Williams Company, and Sika AG holding significant market share. The exact market share for each company in 2025 is estimated at xx%, xx%, xx%, xx%, and xx% respectively. However, the presence of several regional and domestic players fosters competition and innovation.
Market innovation is driven by several factors:
- Demand for sustainable and high-performance flooring: Growing environmental concerns are pushing the adoption of eco-friendly resin formulations.
- Technological advancements: New resin types like polyaspartic and polyurethane are gaining traction due to their enhanced durability and aesthetics.
- Stringent regulatory frameworks: Compliance with building codes and environmental regulations is driving the development of safer and more sustainable products.
- Product substitution: The market is witnessing a gradual shift from traditional flooring materials to resinous flooring due to its superior performance and versatility.
- End-user trends: Increasing demand for customized flooring solutions tailored to specific needs is driving innovation.
Mergers and acquisitions (M&A) activity has been notable, as evidenced by:
- May 2023: Sika's acquisition of MBCC Group significantly reshaped the market dynamics, expanding Sika's portfolio in flooring resins. The deal value was estimated at xx Million.
- July 2022: The Sherwin-Williams Company's acquisition of Dur-A-Flex Inc. strengthened its position in the resinous flooring sector. The deal value was xx Million. These activities highlight the strategic importance of the India flooring resins market and the consolidation among leading players.
India Flooring Resins Market Industry Trends & Insights
The India flooring resins market is experiencing robust growth, fueled by factors like rapid urbanization, increasing infrastructure development, and a rising preference for aesthetically pleasing and durable flooring solutions. The market is projected to witness a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This growth is further propelled by:
- Expanding construction sector: The booming construction industry in India, driven by government initiatives and private investments, is a primary driver of market expansion.
- Technological advancements: The introduction of new resin types with enhanced properties is driving market penetration. Polyaspartic resins, for example, are gaining popularity due to their rapid curing times and exceptional durability.
- Changing consumer preferences: Consumers are increasingly seeking visually appealing, low-maintenance, and hygienic flooring solutions.
- Competitive landscape: The presence of both international and domestic players ensures a dynamic market with constant innovations and competitive pricing. Market penetration for epoxy resins is estimated at xx% in 2025, while acrylic resins hold xx% market penetration. The competitive landscape necessitates continuous product innovation and strategic partnerships to maintain market share.
Dominant Markets & Segments in India Flooring Resins Market
The residential segment is currently the largest end-use sector for flooring resins in India, driven by increasing disposable incomes and a preference for upgraded home interiors. However, the commercial and industrial sectors are also expected to experience significant growth, fueled by the expansion of retail spaces, manufacturing facilities, and infrastructure projects.
- Key Drivers for Residential Segment Growth:
- Rising disposable incomes
- Increased preference for modern and aesthetic flooring solutions
- Growing awareness of the benefits of resinous flooring
- Key Drivers for Commercial/Industrial Segment Growth:
- Expansion of retail and commercial spaces
- Growth in manufacturing and industrial activities
- Stringent hygiene and durability requirements in commercial settings
- Key Drivers for Infrastructure Segment Growth:
- Government initiatives for infrastructure development
- Expansion of transportation networks and public infrastructure projects
- Need for durable and long-lasting flooring solutions in public areas
Within sub-products, epoxy resins dominate the market due to their versatility, durability, and chemical resistance. However, polyaspartic and polyurethane resins are gaining traction due to their superior performance characteristics. Acrylic resins are showing strong growth potential due to affordability and suitability for certain applications.
India Flooring Resins Market Product Developments
Recent product innovations have focused on enhancing sustainability, durability, and aesthetics. The introduction of SofTop Comfort flooring solutions by Sherwin-Williams showcases the focus on improved comfort and aesthetics. New resin formulations are emphasizing reduced VOC emissions and the use of recycled materials, catering to the growing demand for sustainable products. Manufacturers are also focusing on developing specialized solutions tailored to specific end-use sectors, such as high-performance flooring for industrial applications or aesthetically pleasing options for residential settings. This targeted approach aims to gain a competitive edge and cater to diverse market needs.
Report Scope & Segmentation Analysis
This report segments the India flooring resins market based on:
End-Use Sector: Commercial, Industrial and Institutional, Infrastructure, Residential. Growth projections show the residential sector leading, followed by commercial and then infrastructure. Market size for each segment in 2025 is estimated as xx Million, xx Million, xx Million, and xx Million respectively. The competitive dynamics within each segment vary, with some showing high concentration and others experiencing increased competition from new entrants.
Sub-Product: Acrylic, Epoxy, Polyaspartic, Polyurethane, Other Resin Types. The epoxy segment holds the largest market share due to its widespread applications, followed by acrylic resins. The polyaspartic and polyurethane segments are expected to witness significant growth due to their advanced properties. Market size estimations are predicted at xx Million, xx Million, xx Million, xx Million, and xx Million respectively for 2025. Competition is intense within this segment with innovation being a key differentiator.
Key Drivers of India Flooring Resins Market Growth
Several factors contribute to the growth of the India flooring resins market:
- Rapid urbanization and infrastructure development: Government initiatives like "Smart Cities" are boosting construction activity, driving demand for flooring resins.
- Economic growth and rising disposable incomes: Increased purchasing power leads to higher spending on home improvements and commercial projects.
- Favorable regulatory environment: Supportive government policies and building codes promote the use of high-quality, durable flooring materials.
Challenges in the India Flooring Resins Market Sector
The market faces certain challenges:
- Fluctuations in raw material prices: Price volatility impacts profitability and product pricing.
- Supply chain disruptions: Global events can impact the availability of raw materials and affect production.
- Intense competition: The presence of many established and emerging players creates a competitive environment.
Emerging Opportunities in India Flooring Resins Market
Several opportunities exist:
- Growing demand for sustainable and eco-friendly products: Opportunities exist for manufacturers to develop and market sustainable resin formulations.
- Expansion into niche markets: Targeting specific applications, like healthcare facilities or specialized industrial settings, offers growth potential.
- Leveraging digital marketing and e-commerce: Online platforms can expand reach and increase sales.
Leading Players in 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
Key Developments in India Flooring Resins Market Industry
- May 2023: The Sherwin-Williams Company launched SofTop Comfort flooring solutions, expanding its seamless resinous flooring portfolio. This launch caters to the growing demand for comfortable and aesthetically pleasing flooring.
- May 2023: Sika's acquisition of MBCC Group significantly expanded its market presence and product portfolio in flooring resins. This acquisition enhanced Sika's market share and broadened its product offerings.
- July 2022: The Sherwin-Williams Company's acquisition of Dur-A-Flex Inc. strengthened its position in the resinous flooring market, improving its service capabilities and expanding its customer base.
Strategic Outlook for India Flooring Resins Market Market
The India flooring resins market presents significant growth potential driven by continued urbanization, infrastructure development, and rising consumer demand for high-quality flooring solutions. Strategic partnerships, product innovation focusing on sustainability and advanced functionalities, and a strong distribution network will be crucial for success in this competitive market. Manufacturers need to adapt to evolving consumer preferences and invest in research and development to maintain a competitive edge. The market is poised for sustained growth in the coming years, presenting attractive 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 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?
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
