Market Size of india flooring resins Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 289.84 Million |
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Market Size (2030) | USD 446.29 Million |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.46 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Flooring Resins Market Analysis
The India Flooring Resins Market size is estimated at 289.84 million USD in 2024, and is expected to reach 446.29 million USD by 2030, growing at a CAGR of 7.46% during the forecast period (2024-2030).
289.84 Million
Market Size in 2024 (USD)
446.29 Million
Market Size in 2030 (USD)
3.50 %
CAGR (2018-2023)
7.46 %
CAGR (2024-2030)
Largest Market by Sub Product
49.26 %
value share, Epoxy, 2023
The epoxy segment holds the largest share due to its widespread use in commercial and industrial flooring for various applications in offices, restaurants, hotels, the tool industry, etc.
Fastest Market by Sub Product
9.21 %
Projected CAGR, Acrylic, 2024-2030
With fast-paced growth in new floor areas, especially from the residential and commercial sectors, coupled with rising applications in the industrial sector, acrylic resin is expected to witness the fastest growth.
Largest Market by End Use Sector
69.27 %
value share, Industrial and Institutional, 2023
The sector occupied the largest market share due to the increasing consumption of flooring resins due to their high resistance properties to oil, water, and lubricants from the chemical, pharmaceutical, food industries, etc.
Fastest Market by End Use Sector
9.14 %
Projected CAGR, Commercial, 2024-2030
Growing investments in construction for IT Hubs, coupled with increasing consumption of flooring resins for malls, offices, etc., are expected to drive the demand in the sector during the forecast period.
Leading Company
12.60 %
market share, Kansai Paint Co.,Ltd., Ltd.
The company's dominance in the market can be attributed to its large product portfolio and strong distribution channels in the country.
The rise in demand for office space is likely to drive the demand for flooring resins in the market
- The consumption value of flooring resins in India witnessed a growth of 6.78% in 2022 compared to the previous year due to increasing demand from the industrial & institutional and commercial construction sectors. In 2023, the country’s flooring resins market was estimated to account for 7.52% of the overall Asia-Pacific flooring resins market.
- The industrial and institutional sector is the country’s largest consumer of flooring resins, accounting for around 70% in 2022. The industrial and institutional new floor area in the country is projected to reach 682 million square feet in 2030 from 591 million square feet in 2023, owing to increased investment in the construction of industrial and healthcare sectors. Furthermore, growing urbanization and industrialization further aid the country's market growth. As a result, the flooring resins segment for the industrial sector is projected to increase by USD 439 million in 2030 as compared to 2023.
- The country’s commercial sector is expected to be the fastest-growing consumer of flooring resins, with the highest CAGR of 9.20% during the forecast period. The commercial new floor area in the country is expected to reach 830 million square feet in 2023, owing to the rise in demand for shopping malls & centers, office and retail space, and others. For instance, India’s Grade A office market across the top seven cities is expected to grow to around 1 billion square feet in size by 2026 and to reach 1.2 billion square feet by 2030. As a result, the country's flooring resins market for the commercial sector is projected to reach USD 97.74 million in 2030 from USD 52.79 million in 2023.
Understand The Key Trends Shaping This Market
