Press release
India Phthalic Anhydride Market 2025 | Worth USD 264.62 Million by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 166.88 Million
Market Forecast in 2033: USD 264.62 Million
Market Growth Rate 2025-2033: 5.26%
India Phthalic Anhydride Market Overview
The Indian phthalic anhydride market is witnessing considerable growth owing to heightened investments in chemical and petrochemical infrastructure and growing demand from the construction industry for coatings, resins, and plasticizers applied in construction renovation and large-sized infrastructure development work.
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India Phthalic Anhydride Market Trends and Market Drivers
Key trends and drivers influencing the India phthalic anhydride market include:
Increased Investment in Chemical and Petrochemical Industries:
The increasing investment in petrochemical and chemical industries is a major factor driving the growth of the phthalic anhydride market. The government as well as private sector players are undertaking extensive investments to upgrade and increase the size of chemical production plants, with an aim of enhancing production capacity and general competitiveness of the industry. Such investments are leading to increased production of critical chemical intermediates, including phthalic anhydride, used across various industries. Development. of. state. of. the. art. petrochemical plants. and. refineries. ensures. that. phthalic. anhydride. is. produced. in. substantial. amounts,. meeting. local. demands. as. well. as. export. needs. Through. emphasis. on. incorporation. of. advanced. technologies,. these. plants. maximize. operational. efficiency, reduce costs,. and. result. in. better. product. quality. While investments in the industry keep increasing, the phthalic anhydride market will continue to expand as a result of improved infrastructure, technology, and innovation.
Expansion of Domestic Production Capacities:
During 2024, I G Petrochemicals announced the commercial production commencement at its newly commissioned PA-5 phthalic anhydride unit at Taloja, Maharashtra with a 53,000 MTPA capacity. The unit was established to enable the company's growth in the production of critical chemicals used in plastics, resins, and coatings. This represented a significant expansion for I G Petrochemicals in the local market.
India Phthalic Anhydride Market Segmentation
1. By Type
• Ortho-Phthalic Anhydride
• Isophthalic Anhydride
• Terephthalic Anhydride
2. By Sales Channel
• Direct Sales
• Indirect Sales
3. By End User
• Plasticizers
• Unsaturated Polyester Resins
• Alkyd Resins
• Others
4. By Region
• North India
• West and Central India
• South India
• East India
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India Phthalic Anhydride Market News
April 2025: A leading chemical manufacturer announced plans to invest in a new phthalic anhydride production facility in Gujarat, aiming to meet the growing domestic demand and reduce reliance on imports.
March 2025: The Indian government introduced new policies to support the petrochemical sector, including incentives for companies expanding their phthalic anhydride production capacities.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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