Market Research Report
India Maleic Anhydride Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Grade, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030
|Published by||ChemAnalyst||Product code||933692|
|Published||Content info||55 Pages
Delivery time: 1-2 business days
|India Maleic Anhydride Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Grade, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030|
|Published: April 20, 2020||Content info: 55 Pages||
Maleic Anhydride demand stood at more than 70 KT in 2020 and is projected to grow at a CAGR of 5.5% during the forecast period in India. Maleic Anhydride is widely used in manufacturing of unsaturated polyester resin used in construction and plastic industry. Growing infrastructure and construction activities in India are expected to propel the demand for Maleic Anhydride in coming years. Furthermore, Maleic Anhydride demand is witnessing surge due its use as an additive in lubricant manufacturing. Moreover, Maleic Anhydride use to produce Copolymers, Malic Acid, Succinic Acid and Fumaric Acid. Increasing demand of Malic Acid in food and beverage industry as a flavoring agent and in pharmaceutical industry as an ingredient raw material are major factors propelling the demand of Maleic Anhydride during the forecast years.
In India, Maleic Anhydride is produced by Thirumalai Chemicals Ltd, I G Petrochemicals Limited. Other players operating in India Maleic Anhydride market include Huntsman International LLC, LANXESS, etc. India is one of the major importers of Maleic Anhydride. During FY2020, in India, the import was more than 50 thousand tonnes, which is almost 32 percent higher compared to import in FY2020. In coming years, the demand is anticipated to increase, which will lead to surge in its import, thereby posing a greater market opportunity for domestic players. To meet the demands, domestic players should focus on revamping their existing capacity or they should focus on setting up of green field projects.
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
As per 2020, import of Maleic Anhydride has been increased by 33 percent on y-o-y basis and Maleic Anhydride prices were assessed at INR XXXXX per MT on bulk contract basis.
Major players operating in India Maleic Anhydride market include Thirumalai Chemicals Ltd, I G Petrochemicals Limited, Huntsman International LLC, LANXESS, etc.
To extract data for India Maleic Anhydride market, primary research surveys were conducted with Maleic Anhydride manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Maleic Anhydride market over the coming years.
ChemAnalyst calculated India Maleic Anhydride demand by analyzing the historical data and demand forecast was carried out considering LPG Prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc. were also used by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Maleic Anhydride manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the India Maleic Anhydride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Type: Methyl Acrylate, Butyl Acrylate, Ethyl Acrylate and Others
Market, by End Use: Paints & Coatings, Adhesives and Sealants, Textiles and Others
Market, by Application: Additives, Binders, Surfactants etc.
Market, by Sales Channel: Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region: North, West, East and South
Competition Outlook: Outlook of leading 10 players based on product portfolio, market pricing, average selling price, sales footprint, etc.
Company Profiles: Detailed analysis of the major companies operating in the India Maleic Anhydride market.
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.
(Value in INR Million & Volume in 000' Tonnes)
(Value in INR Million & Volume in 000' Tonnes)