The India petroleum resins market size reached USD 150.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 200.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.7% during 2025-2033. The rising demand for adhesives, coatings, and rubber industries, expanding infrastructure projects, increasing automotive production, and growth in packaging are some of the factors propelling the growth of the market. Advancements in resin formulations, import dependency reduction, and regulatory support for domestic manufacturing further boost market expansion.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 150.0 Million |
Market Forecast in 2033 | USD 200.0 Million |
Market Growth Rate 2025-2033 | 3.7% |
Rising Domestic Demand Driving Production Growth
The petroleum resins market in India is expanding as domestic production rises to meet increasing consumption. Industrial applications in adhesives, coatings, and rubber compounding are driving this shift, alongside infrastructure development and manufacturing sector growth. Companies are investing in capacity expansion and efficiency improvements to align with evolving market needs. The focus on self-sufficiency is strengthening supply chains, reducing dependency on imports, and ensuring stable availability for downstream industries. Increased production is also supporting emerging applications in the construction and automotive sectors. With rising end-user demand, manufacturers are adopting advanced refining processes and sustainable sourcing strategies. This ongoing shift highlights the industry's commitment to balancing supply with demand while reinforcing India's role in petroleum-based specialty chemicals. According to industry reports, in the fiscal year 2022, India's production volume of petroleum products reached over 254 Million Metric Tons, marking an increase from approximately 233.5 Million Metric Tons in the fiscal year 2021. Additionally, the consumption volume of these products was around 205 million metric tons in the same period.
Strengthening Regional Connectivity for Expansion
Growing cross-border energy cooperation is driving positive developments in the petroleum resins market in India, enhancing supply chain efficiency and export potential. Infrastructure expansion, including pipeline extensions and new storage facilities, is optimizing fuel transportation and reducing costs. These developments are improving logistics for resin production, ensuring a stable raw material supply for downstream industries. Strengthened trade relations are also driving market expansion, positioning India as a key supplier in South Asia’s resin and petrochemical sectors. With improved connectivity, manufacturers are gaining better access to neighboring markets, encouraging investment in production capabilities. The shift towards secure, cost-effective distribution is reinforcing the market’s competitiveness, supporting industries reliant on petroleum resins such as adhesives, coatings, and rubber compounding. For instance, in October 2024, IndianOil and Nepal Oil Corporation signed a framework agreement to expand petroleum infrastructure. Key projects include extending the Motihari-Amlekhgunj Pipeline, building storage terminals in Chitwan, and developing a new Siliguri-Jhapa pipeline. These initiatives will enhance fuel supply efficiency, reduce transportation costs, and minimize environmental risks. For India, the projects will strengthen trade ties, boost petroleum exports, and enhance regional energy cooperation, reinforcing its influence in South Asia’s fuel supply chain.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product type and end user industry.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes aliphatic C5 resins sheets, aromatic C9 resins, C5/C9 resins, and hydrogenated hydrocarbon resins.
End User Industry Insights:
A detailed breakup and analysis of the market based on the end user industry have also been provided in the report. This includes building and construction, tire, automotive, consumer goods, personal hygiene, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Product Types Covered | Aliphatic C5 Resins Sheets, Aromatic C9 Resins, C5/C9 Resins, Hydrogenated Hydrocarbon Resins |
End User Industries Covered | Building and Construction, Tire, Automotive, Consumer Goods, Personal Hygiene, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: