Key Insights
The India flooring resins market, valued at approximately ₹15 billion (estimated based on available data and industry trends) in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction sector, particularly in residential and infrastructure development, significantly boosts demand. A rising middle class with increased disposable income fuels greater investment in home renovations and new constructions, further fueling market growth. Furthermore, the increasing preference for aesthetically pleasing and durable flooring solutions, coupled with the superior properties of resin-based flooring (durability, ease of maintenance, and design flexibility), propels market expansion. The adoption of advanced resin types, such as polyaspartic and polyurethane, is also contributing to market growth, owing to their superior performance characteristics compared to traditional acrylics. However, fluctuating raw material prices and the potential impact of economic downturns pose challenges to sustained market growth. Segment-wise, the residential sector currently holds a significant market share, followed by the commercial and industrial sectors, with infrastructure development showing considerable growth potential. Among sub-product categories, epoxy and polyurethane resins are prominent, but acrylic and polyaspartic resins are gaining traction due to their superior properties and expanding applications.
The competitive landscape is characterized by the presence of both global and domestic players. Key participants include Henkel AG & Co KGaA, RPM International Inc, MBCC Group, The Sherwin-Williams Company, and Asian Paints PPG Pvt Ltd, among others. These companies are actively engaged in product innovation, strategic partnerships, and capacity expansion to cater to the growing demand. Regional variations exist within India, with the southern and western regions exhibiting relatively higher growth compared to other areas, driven by factors such as higher construction activity and urbanization. The forecast period of 2025-2033 presents significant opportunities for market players to capitalize on increasing demand and explore innovative applications of flooring resins in various sectors. Focus on sustainable and environmentally friendly resin formulations is also gaining importance, presenting a lucrative avenue for future growth.
India Flooring Resins Market: A Comprehensive Report (2019-2033)
This detailed report provides a comprehensive analysis of the India flooring resins market, offering invaluable insights for businesses, investors, and industry professionals. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market structure, competitive dynamics, industry trends, and future growth potential. The report is segmented by end-use sector (Commercial, Industrial and Institutional, Infrastructure, Residential) and sub-product (Acrylic, Epoxy, Polyaspartic, Polyurethane, Other Resin Types), offering granular data and forecasts for informed decision-making. The market is projected to reach xx Million by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033).
India Flooring Resins Market Market Structure & Competitive Dynamics
The India flooring resins market is characterized by a moderately concentrated structure with key players holding significant market share. The market is witnessing increased M&A activity, driven by the desire for expansion and technological advancements. Major players like Henkel AG & Co KGaA, RPM International Inc, MBCC Group, The Sherwin-Williams Company, and Sika AG are constantly innovating to enhance product offerings and expand their market presence. Regulatory frameworks, though evolving, largely support market growth. Substitutes exist, primarily in the form of traditional flooring materials, but the advantages of resinous flooring in terms of durability, aesthetics, and hygiene are driving market adoption. End-user trends reveal a strong preference for sustainable and high-performance flooring solutions.
- Market Concentration: The top 5 players account for approximately xx% of the market share in 2025.
- M&A Activity: Significant M&A activity was witnessed in recent years, including Sika's acquisition of MBCC Group in May 2023 (deal value: xx Million), and The Sherwin-Williams Company's acquisition of Dur-A-Flex Inc. in July 2022 (deal value: xx Million). These mergers demonstrate the strategic importance of the Indian flooring resins market.
- Innovation Ecosystem: The market displays a vibrant innovation ecosystem with companies focusing on developing eco-friendly, high-performance, and aesthetically appealing flooring solutions.
- Regulatory Landscape: Government initiatives focused on infrastructure development and sustainable construction practices positively influence market growth.
India Flooring Resins Market Industry Trends & Insights
The India flooring resins market is experiencing robust growth driven by factors such as rising infrastructure investments, increasing urbanization, growing industrialization, and a shift towards modern, aesthetically pleasing flooring solutions. The construction boom, particularly in commercial and residential sectors, is a significant growth driver. Technological advancements, including the introduction of self-leveling formulations and improved curing processes, enhance product performance and ease of application, further boosting market expansion. Consumer preferences are shifting towards durable, low-maintenance, and aesthetically versatile flooring options, which aligns perfectly with the attributes of resinous flooring. The market is expected to maintain a strong growth trajectory, driven by these factors.
- Market Growth Drivers: Infrastructure development, urbanization, industrial growth, rising disposable incomes.
- Technological Disruptions: Introduction of innovative resin formulations, advancements in application technologies.
- Consumer Preferences: Demand for durable, low-maintenance, and aesthetically appealing flooring solutions.
- Competitive Dynamics: Increased M&A activity, focus on product differentiation and innovation.
- CAGR: The market is expected to grow at a CAGR of xx% during the forecast period (2025-2033).
- Market Penetration: Market penetration is expected to increase by xx% by 2033.
Dominant Markets & Segments in India Flooring Resins Market
The residential segment currently dominates the Indian flooring resins market, followed by the commercial and industrial sectors. However, the infrastructure sector is expected to experience significant growth over the forecast period, driven by government investments in large-scale infrastructure projects. Among sub-products, epoxy resins hold a significant market share owing to their excellent durability and chemical resistance. However, the demand for acrylic and polyurethane resins is also growing rapidly due to their versatile properties and increasing applications in residential settings.
- Key Drivers for Residential Segment: Rising disposable incomes, preference for modern homes, and increasing awareness of hygiene and maintenance-free flooring.
- Key Drivers for Commercial Segment: Growing commercial infrastructure, preference for durable and aesthetically appealing flooring.
- Key Drivers for Industrial Segment: Requirement for chemical-resistant and heavy-duty flooring.
- Key Drivers for Infrastructure Segment: Government investments in large-scale infrastructure projects, including roads, airports, and metro systems.
- Dominant Sub-Product: Epoxy resins currently hold the largest market share, followed by acrylic and polyurethane resins.
India Flooring Resins Market Product Innovations
Recent innovations in the India flooring resins market focus on developing eco-friendly, high-performance, and aesthetically versatile products. The introduction of self-leveling formulations simplifies application, while advancements in curing processes reduce application time and enhance durability. The Sherwin-Williams Company's recent launch of SofTop Comfort flooring solutions showcases the trend towards comfortable and sustainable flooring options. These innovations cater to diverse end-user needs and strengthen the competitive landscape.
Report Segmentation & Scope
This report segments the India flooring resins market by end-use sector (Commercial, Industrial and Institutional, Infrastructure, Residential) and sub-product (Acrylic, Epoxy, Polyaspartic, Polyurethane, Other Resin Types). Each segment is analyzed in detail, providing insights into market size, growth projections, and competitive dynamics. The report offers granular data and projections for each segment, enabling businesses to understand market trends and make informed strategic decisions.
Key Drivers of India Flooring Resins Market Growth
The India flooring resins market is driven by several factors, including robust infrastructure development initiatives by the government, rapid urbanization and industrialization, a growing preference for aesthetically pleasing and durable flooring, and ongoing technological advancements leading to improved resin formulations and application methods. The rising disposable incomes in urban areas also fuels the demand for high-quality flooring solutions.
Challenges in the India Flooring Resins Market Sector
Challenges in the India flooring resins market include price volatility of raw materials, competition from traditional flooring materials, and potential regulatory changes impacting the industry. Supply chain disruptions can affect production and delivery timelines. Furthermore, maintaining consistent quality control across various applications can be challenging. These factors can impact market growth and profitability.
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 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 as a leading provider of resinous flooring solutions.
Strategic India Flooring Resins Market Market Outlook
The India flooring resins market presents significant growth opportunities driven by continued infrastructure development, urbanization, and technological advancements. Strategic players can capitalize on these opportunities by focusing on product innovation, expanding distribution networks, and targeting specific end-use sectors. A focus on sustainable and high-performance solutions will be crucial for success in this evolving market.
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
