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 2025–2030. 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. 𝐈𝐧𝐝𝐢𝐚 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐨𝐝𝐚𝐲

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. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐮𝐦𝐛𝐞𝐫𝐬

→ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐨𝐥𝐮𝐦𝐞: 5.68 thousand metric tonnes in 2024
→ 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐨𝐥𝐮𝐦𝐞: 6.80 thousand metric tonnes by 2030
→ 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐏𝐞𝐫𝐢𝐨𝐝: 2026–2030
→ 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞: 3.65% CAGR during 2025–2030
→ 𝐅𝐚𝐬𝐭𝐞𝐬𝐭-𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐒𝐞𝐠𝐦𝐞𝐧𝐭: Unsaturated polyester resins
→ 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐭 𝐑𝐚𝐰 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥: N-butane
→ 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐑𝐞𝐠𝐢𝐨𝐧: West India
→ 𝐈𝐧𝐝𝐢𝐚𝐧 𝐎𝐢𝐥 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐀𝐏𝐄𝐗: INR 3,681 crore
→ 𝐈𝐧𝐝𝐢𝐚𝐧 𝐎𝐢𝐥 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐢𝐧𝐠 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞: 54 months
→ 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐏𝐫𝐢𝐜𝐞 𝐢𝐧 𝐍𝐨𝐫𝐭 𝐀𝐦𝐞𝐫𝐢𝐜𝐚: USD 0.99 per kg in May 2024
→ 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐏𝐫𝐢𝐜𝐞 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚: USD 1.22 per kg in May 2024

“The 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.”

3. 𝐖𝐡𝐚𝐭 𝐈𝐬 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞?

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 𝐍-𝐁𝐮𝐭𝐚𝐧𝐞 𝐚𝐬 𝐚 𝐊𝐞𝐲 𝐅𝐞𝐞𝐝𝐬𝐭𝐨𝐜𝐤

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. 𝐖𝐡𝐲 𝐀𝐫𝐞 𝐔𝐧𝐬𝐚𝐭𝐮𝐫𝐚𝐭𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐬𝐭𝐞𝐫 𝐑𝐞𝐬𝐢𝐧𝐬 𝐆𝐫𝐨𝐰𝐢𝐧𝐠?

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 𝐔𝐏𝐑𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧

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 𝐔𝐏𝐑𝐬 𝐢𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐌𝐚𝐫𝐢𝐧𝐞 𝐔𝐬𝐞

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. 𝐖𝐡𝐲 𝐈𝐬 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐔𝐬𝐞𝐝 𝐢𝐧 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞𝐬?

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. 𝐖𝐡𝐚𝐭 𝐃𝐫𝐢𝐯𝐞𝐬 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞?

India’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 𝐀𝐠𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 & 𝐂𝐫𝐨𝐩 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧

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 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐬

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. 𝐖𝐡𝐚𝐭 𝐀𝐟𝐟𝐞𝐜𝐭𝐬 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞 𝐏𝐫𝐢𝐜𝐞?

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. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

8.1 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠

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 𝐁𝐢𝐨-𝐁𝐚𝐬𝐞𝐝 𝐌𝐚𝐥𝐞𝐢𝐜 𝐀𝐧𝐡𝐲𝐝𝐫𝐢𝐝𝐞

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 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐬

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. 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

9.1 𝐔𝐧𝐬𝐚𝐭𝐮𝐫𝐚𝐭𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐬𝐭𝐞𝐫 𝐑𝐞𝐬𝐢𝐧𝐬 𝐋𝐞𝐚𝐝 𝐆𝐫𝐨𝐰𝐭𝐡

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 𝐍-𝐁𝐮𝐭𝐚𝐧𝐞 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬

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 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 & 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

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. 𝐖𝐡𝐲 𝐖𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚 𝐋𝐞𝐚𝐝𝐬

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. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

11.1 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧

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 𝐅𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐢𝐧𝐠 𝐑𝐚𝐰-𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐏𝐫𝐢𝐜𝐞𝐬

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. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

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

“The future of the India Maleic Anhydride Market will depend on manufacturers’ 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.”

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