India Epoxy Resins Market Forecast 2022-2028

India Epoxy Resins Market Forecast 2022-2028

KEY FINDINGS

The India epoxy resins market is estimated to rise with a CAGR of 6.95% over the forecasting years. The market growth of the country is primarily credited to the expanded involvement of the private sector as well as stable government support for infrastructural development. While the base year considered for the studied market is 2021, the forecasted period is from 2022 to 2028.

MARKET INSIGHTS

The rise in vehicle production, combined with the activities performed by automobile manufacturers, is anticipated to create substantial opportunities for India’s automotive market. According to the India Brand Equity Foundation (IBEF), the country’s domestic vehicular production rose at a CAGR of 7.08% during the period of 2013 to 2018, reaching 29.07 million in the year 2018.

Conversely, automobile manufacturing firms operating in India are augmenting their installed capacity, owing to the extensive adoption of vehicles. For instance, as per statistics, Mahindra and Mahindra stated a surge in its installed capacity of electric vehicles at Chakan, recording funding of more than $77 million. Likewise, Mercedes Benz increased the capacity of its manufacturing plant by 20,000 units annually. Hence, these factors are set to proliferate the India epoxy resins market growth during the forecast years.

COMPETITIVE INSIGHTS

The key players operating in the market are BASF, Aditya Birla Chemicals Ltd, Pidilite Industries Ltd, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments