India Maleic Anhydride Market Size, Share Forecast 2030

TechSci Research LLC
TechSci Research LLC

According to the TechSci Research report, the India Maleic Anhydride Market achieved a volume of 5.68 thousand metric tonnes in 2024 and is projected to reach 6.80 thousand metric tonnes by 2030, growing at a CAGR of 3.65% during 2025โ€“2030. The market is driven by rising demand for unsaturated polyester resins, coatings, adhesives, agrochemicals, chemical intermediates, plastics, automotive components, and construction materials.

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1. ๐ˆ๐ง๐๐ข๐š ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐จ๐๐š๐ฒ

The India Maleic Anhydride Market is expanding as maleic anhydride remains an important chemical intermediate for producing unsaturated polyester resins, alkyd resins, coatings, adhesives, chemical intermediates, agrochemicals, plastics, and specialty chemicals.

The what is maleic anhydride question refers to a versatile chemical compound used as a building block in resin, coating, polymer, agricultural-chemical, pharmaceutical, and industrial-product manufacturing. Its ability to react with diols and polyols supports the formation of high-performance resins used across construction, automotive, marine, manufacturing, and consumer-goods applications.

2. ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ

โ†’ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐จ๐ฅ๐ฎ๐ฆ๐ž: 5.68 thousand metric tonnes in 2024
โ†’ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐•๐จ๐ฅ๐ฎ๐ฆ๐ž: 6.80 thousand metric tonnes by 2030
โ†’ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐๐ž๐ซ๐ข๐จ๐: 2026โ€“2030
โ†’ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž: 3.65% CAGR during 2025โ€“2030
โ†’ ๐…๐š๐ฌ๐ญ๐ž๐ฌ๐ญ-๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ: Unsaturated polyester resins
โ†’ ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ง๐ญ ๐‘๐š๐ฐ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ: N-butane
โ†’ ๐‹๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง: West India
โ†’ ๐ˆ๐ง๐๐ข๐š๐ง ๐Ž๐ข๐ฅ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ ๐‚๐€๐๐„๐—: INR 3,681 crore
โ†’ ๐ˆ๐ง๐๐ข๐š๐ง ๐Ž๐ข๐ฅ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ ๐‚๐จ๐ฆ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง๐ข๐ง๐  ๐“๐ข๐ฆ๐ž๐ฅ๐ข๐ง๐ž: 54 months
โ†’ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐๐ซ๐ข๐œ๐ž ๐ข๐ง ๐๐จ๐ซ๐ญ ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š: USD 0.99 per kg in May 2024
โ†’ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐๐ซ๐ข๐œ๐ž ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก๐ž๐š๐ฌ๐ญ ๐€๐ฌ๐ข๐š: USD 1.22 per kg in May 2024

โ€œThe India Maleic Anhydride Market is being shaped by UPR production, demand for durable coatings and adhesives, agrochemical expansion, industrial growth, domestic chemical capacity additions, and the shift toward sustainable chemical manufacturing.โ€

3. ๐–๐ก๐š๐ญ ๐ˆ๐ฌ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž?

Maleic anhydride is a chemical compound used as an intermediate in the production of unsaturated polyester resins, alkyd resins, coatings, adhesives, plastics, agrochemicals, and specialty chemicals.

It is used to produce maleic acid, fumaric acid, maleic acid esters, and maleic-anhydride-grafted polyolefins. These materials are applied in construction, automotive, packaging, pharmaceuticals, consumer goods, agriculture, coatings, and industrial manufacturing.

3.1 ๐-๐๐ฎ๐ญ๐š๐ง๐ž ๐š๐ฌ ๐š ๐Š๐ž๐ฒ ๐…๐ž๐ž๐๐ฌ๐ญ๐จ๐œ๐ค

N-butane is the dominant raw-material segment because it is used in the catalytic oxidation process for manufacturing maleic anhydride. Feedstock availability, quality, consistency, and pricing are important factors in ensuring reliable and efficient production.

Maleic anhydride demand is linked to the growth of products such as resins, plastics, coatings, adhesives, agrochemicals, and chemical intermediates.

4. ๐–๐ก๐ฒ ๐€๐ซ๐ž ๐”๐ง๐ฌ๐š๐ญ๐ฎ๐ซ๐š๐ญ๐ž๐ ๐๐จ๐ฅ๐ฒ๐ž๐ฌ๐ญ๐ž๐ซ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐†๐ซ๐จ๐ฐ๐ข๐ง๐ ?

Unsaturated polyester resins are the fastest-growing segment in the India Maleic Anhydride Market. Maleic anhydride reacts with diols or polyols, such as propylene glycol and ethylene glycol, to form the polymer backbone of UPRs.

UPRs provide durability, corrosion resistance, design flexibility, and strength-to-weight benefits. They are used in fiberglass-reinforced plastics, composite materials, building panels, automotive components, boat hulls, storage tanks, pipes, laminated products, and industrial equipment.

4.1 ๐”๐๐‘๐ฌ ๐ข๐ง ๐‚๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐จ๐ง

UPR-based composites are used in construction because they can strengthen structures, produce lightweight panels, improve material durability, and support infrastructure applications.

Urbanisation, housing development, commercial construction, infrastructure projects, and demand for durable construction materials are strengthening consumption of unsaturated polyester resins.

4.2 ๐”๐๐‘๐ฌ ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐š๐ง๐ ๐Œ๐š๐ซ๐ข๐ง๐ž ๐”๐ฌ๐ž

Automotive manufacturers use UPRs in body panels, bumpers, interior components, and corrosion-resistant parts. The marine sector uses UPR composites in boat hulls and components because they offer water resistance, durability, and ease of moldability.

5. ๐–๐ก๐ฒ ๐ˆ๐ฌ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐”๐ฌ๐ž๐ ๐ข๐ง ๐‚๐จ๐š๐ญ๐ข๐ง๐ ๐ฌ ๐š๐ง๐ ๐€๐๐ก๐ž๐ฌ๐ข๐ฏ๐ž๐ฌ?

Maleic anhydride is used in alkyd resins, which are important for paints, coatings, varnishes, sealants, and protective coatings. These formulations offer adhesion, gloss, durability, weather resistance, corrosion resistance, and surface protection.

Growing construction, infrastructure, automotive manufacturing, renovation activity, and demand for high-performance industrial coatings are supporting the use of maleic anhydride in paint, coating, adhesive, and sealant products.

6. ๐–๐ก๐š๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ฌ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž?

Indiaโ€™s maleic anhydride demand is supported by UPR production, construction, automotive manufacturing, coatings, adhesives, agrochemicals, chemical intermediates, packaging, plastics, and consumer products.

Maleic anhydride is also used in the production of herbicides, pesticides, and other agrochemical products. As agriculture modernises and crop-protection needs rise, its use as a chemical building block is increasing.

6.1 ๐€๐ ๐ซ๐จ๐œ๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ & ๐‚๐ซ๐จ๐ฉ ๐๐ซ๐จ๐ญ๐ž๐œ๐ญ๐ข๐จ๐ง

Maleic anhydride contributes to chemical synthesis for herbicides, pesticides, and other crop-protection products. These agrochemicals help manage pests, weeds, diseases, and crop losses while supporting productivity and food security.

6.2 ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐ญ๐ž๐ซ๐ฆ๐ž๐๐ข๐š๐ญ๐ž๐ฌ

Maleic acid, fumaric acid, and maleic acid esters are among the derivatives of maleic anhydride. They are used in food and beverages, pharmaceuticals, agriculture, resins, coatings, adhesives, plastics, and specialty chemicals.

7. ๐–๐ก๐š๐ญ ๐€๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ฌ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž ๐๐ซ๐ข๐œ๐ž?

The maleic anhydride price in india is influenced by the cost and availability of N-butane and benzene, crude-oil trends, energy costs, domestic capacity, global supply-demand conditions, logistics, import competition, and regulatory compliance.

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The maleic anhydride price trend can fluctuate due to changes in petrochemical feedstock pricing, geopolitical conditions, global trade patterns, transport costs, and production levels. Manufacturers require supply diversification, efficient production systems, supplier partnerships, and strong inventory planning to manage these risks.

8. ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ

8.1 ๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐ 

Government initiatives are supporting domestic chemical manufacturing through industrial-development policies, regulatory reforms, export support, research incentives, and investment-friendly measures.

This support encourages local capacity expansion, innovation, cleaner production methods, and stronger self-sufficiency in value-added chemicals.

8.2 ๐๐ข๐จ-๐๐š๐ฌ๐ž๐ ๐Œ๐š๐ฅ๐ž๐ข๐œ ๐€๐ง๐ก๐ฒ๐๐ซ๐ข๐๐ž

Research and development is increasingly focused on bio-based maleic anhydride produced from renewable biomass, agricultural waste, and other organic feedstocks. This approach can reduce fossil-fuel reliance, lower carbon emissions, and support eco-friendly resins, plastics, coatings, and chemical products.

8.3 ๐‚๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐ฌ

In November 2021, Indian Oil approved the construction of a mega-scale Maleic Anhydride Plant at the Panipat Refinery and Petrochemical Complex. The INR 3,681 crore project is designed to produce maleic anhydride, 1,4-butanediol, and tetrahydrofuran for pharmaceutical, plastic, coating, and specialty-product applications.

9. ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

9.1 ๐”๐ง๐ฌ๐š๐ญ๐ฎ๐ซ๐š๐ญ๐ž๐ ๐๐จ๐ฅ๐ฒ๐ž๐ฌ๐ญ๐ž๐ซ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐‹๐ž๐š๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

UPRs are the fastest-growing segment because they support composite materials, fiberglass products, coatings, molded parts, laminated components, automotive products, marine applications, and construction materials.

9.2 ๐-๐๐ฎ๐ญ๐š๐ง๐ž ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž๐ฌ

N-butane is the dominant feedstock because it is essential for catalytic oxidation, the key chemical process used in maleic anhydride production. Stable feedstock supply is critical for cost efficiency and reliable market availability.

9.3 ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  & ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

The maleic anhydride manufacturers in india compete through product quality, feedstock access, production efficiency, supply reliability, technical support, environmental compliance, application expertise, and customer relationships.

Domestic participants must manage competition from foreign producers, which may benefit from lower costs and established supply chains. Investment in technology, cost efficiency, R&D, and local supply advantages can help Indian manufacturers strengthen their competitive position.

10. ๐–๐ก๐ฒ ๐–๐ž๐ฌ๐ญ ๐ˆ๐ง๐๐ข๐š ๐‹๐ž๐š๐๐ฌ

West India is the dominant market due to the chemical and petrochemical manufacturing base in Gujarat and Maharashtra. The region benefits from industrial clusters, research facilities, port connectivity, logistics strength, skilled workforce, and demand from resins, plastics, agrochemicals, and downstream chemical industries.

Its location supports the import and distribution of chemical feedstocks and finished products across domestic as well as international markets.

11. ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

11.1 ๐…๐จ๐ซ๐ž๐ข๐ ๐ง ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง

International producers can create pricing pressure through lower production costs and established supply chains. Domestic manufacturers need to balance cost efficiency, quality, environmental responsibility, and technological innovation to remain competitive.

11.2 ๐…๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ข๐ง๐  ๐‘๐š๐ฐ-๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐๐ซ๐ข๐œ๐ž๐ฌ

Volatile pricing of butane, benzene, and energy inputs can affect maleic anhydride production costs and margins. Supply disruptions, global market movements, geopolitical events, and energy-price changes can create uncertainty for producers and buyers.

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12. ๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Meru Chem Pvt. Ltd. | Central Drug House (P) Ltd. | Mitansh Chemicals International Private Limited | M.K. Industrial Corporation | PonPure Chemicals Group | Thirumalai Chemicals Ltd. | IG Petrochemicals Limited

โ€œThe future of the India Maleic Anhydride Market will depend on manufacturersโ€™ ability to manage feedstock volatility, compete with international suppliers, develop bio-based products, enhance domestic capacity, and meet rising demand from resins, coatings, adhesives, agrochemicals, plastics, automotive, construction, and specialty chemical applications.โ€

#IndiaMaleicAnhydrideMarket #MaleicAnhydride #UPR #UnsaturatedPolyesterResins #ChemicalIntermediates #Resins #Coatings #Adhesives #Agrochemicals #SpecialtyChemicals #BioBasedChemicals #ConstructionMaterials #AutomotiveMaterials #ChemicalIndustry #MarketResearch #TechSciResearch


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