India Petrochemicals Market Size, Share, Forecast, 2025-2033

India Petrochemicals Market Size, Share, Trends and Forecast by Type, Application, End Use Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A32545

India Petrochemicals Market Overview:

The India petrochemicals market size reached USD 58.10 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 84.40 Billion by 2033, exhibiting a growth rate (CAGR) of 3.80% during 2025-2033. The market is driven by rising demand for plastics and polymers in packaging, automotive, and construction sectors, alongside government initiatives including the PLI scheme. Growing urbanization, increasing disposable income, and a shift toward sustainable bio-based chemicals further expands the India petrochemicals market share. Export opportunities and refinery expansions also contribute to industry expansion.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 58.10 Billion
Market Forecast in 2033	USD 84.40 Billion
Market Growth Rate 2025-2033	3.80%

India Petrochemicals Market Trends:

Rising Demand for Sustainable and Bio-based Petrochemicals

The shift toward sustainable and bio-based petrochemical products, driven by increasing environmental awareness and stringent government regulations is majorly driving the India petrochemicals market growth. Companies are investing in bio-based alternatives to conventional plastics, such as biodegradable polymers and bio-polyethylene, to reduce carbon footprints. The government’s push for initiatives such as the Plastic Waste Management Rules and the Extended Producer Responsibility (EPR) framework is accelerating this trend. More than 2 billion tons of municipal waste are generated globally every year, and projections indicate a 70% increase by the year 2050, predominantly in developing countries. With waste management methods such as recycling and energy recovery, helping to control pollution, methane emissions, and climate change, the smart waste management industry is well-positioned to solve some of the biggest problems facing the planet. Implementing circular economy frameworks, such as extended producer responsibility, is essential for minimizing waste, fostering economic development, and confronting global environmental issues. Additionally, consumer preference for eco-friendly packaging in industries such as FMCG, healthcare, and automotive are enhancing demand for green petrochemical solutions. Major players including Reliance Industries and Indian Oil Corporation are expanding their bio-based product portfolios, aligning with global sustainability goals. This trend is expected to grow as India moves toward a circular economy, with innovations in recycling and bio-refineries gaining traction in the petrochemical sector.

India Petrochemicals Market Size

Expansion of Petrochemical Capacity to Meet Domestic and Export Demand

India’s petrochemical market is experiencing significant capacity expansion to cater to rising domestic consumption and increasing export opportunities. With a refining representation of approximately 256.816 MMTPA among 23 refineries and a solid petrochemical landscape, India ranks 4th globally (after the USA, China, and Japan) in refining capacity. In order to expand its reserves to 651.8 million metric tonnes (MMT) of crude oil and 1,138.6 billion cubic meters (BCM) of natural gas, India's initiative enhanced planning policy with the Oilfields Amendment Bill 2024 and Hydrocarbon Exploration and Licensing Policy (HELP) aims to increase exploration area to 1 million square kilometers by 2030. With a GVA of INR 2.12 lakh crore (approximately USD 25,542 Million) in 2022-23 and with sizable investments in green fuels, bio-refineries, and hydrogen, India’s petrochemical sector is poised for significant growth and greater global competitiveness. With rapid urbanization, the demand for plastics, polymers, and specialty chemicals is increasing across the packaging, construction, and automotive sectors. To capitalize on this, companies and private players are investing in new production facilities and refinery-integrated petrochemical complexes. The government’s Production-Linked Incentive (PLI) scheme for the chemical sector further supports this expansion. Additionally, India is emerging as a key exporter of petrochemical products to regions such as Southeast Asia and Africa due to competitive pricing and improving production capabilities. This trend is expected to strengthen India’s position as a global petrochemical hub, driven by infrastructure development, foreign investments, and technological advancements in refining processes. Therefore, this is also creating a positive India petrochemicals market outlook.

India Petrochemicals Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type, application, and end use industry.

Type Insights:

Ethylene
Propylene
Butadiene
Benzene
Toluene
Xylene
Methanol
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes ethylene, propylene, butadiene, benzene, toluene, xylene, methanol, and others.

Application Insights:

Polymers
Paints and Coatings
Solvents
Rubber
Adhesives and Sealants
Surfactants and Dyes
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants and dyes, and others.

End Use Industry Insights:

Packaging
Automotive and Transportation
Construction
Electrical and Electronics
Healthcare
Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes packaging, automotive and transportation, construction, electrical and electronics, healthcare, and others.

Regional Insights:

North India
South India
East India
West India

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.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Petrochemicals Market News:

January 07, 2025: Adani Petrochemicals Ltd entered India's petrochemical industry in a tie-up with Thailand's Indorama Resources with the launch of a new company, Valor Petrochemicals Ltd. This will also set up a 2 million-tonne PVC plant in Gujarat by 2027. The initial phase, which is slated to be completed by 2026, has an overall investment of INR 35,000 Crore (around USD 4,217 Million), making it India's largest PVC manufacturing project. This complex use of renewable energy is part of the Adani group’s larger strategy to build an integrated petrochemical hub in India’s growing industrial landscape.
April 02, 2024: Haldia Petrochemicals Ltd (HPL) announced initiating its USD 10 Billion oil-to-chemical project in Cuddalore district in Tamil Nadu to generate ethylene and propylene, 3.5 million metric tonnes annually, by 2028–2029.

India Petrochemicals Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application End Use Industry Region
Types Covered	Ethylene, Propylene, Butadiene, Benzene, Toluene, Xylene, Methanol, Others
Applications Covered	Polymers, Paints and Coatings, Solvents, Rubber, Adhesives and Sealants, Surfactants and Dyes, Others
End Use Industries Covered	Packaging, Automotive and Transportation, Construction, Electrical and Electronics, Healthcare, 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:

How has the India petrochemicals market performed so far and how will it perform in the coming years?
What is the breakup of the India petrochemicals market on the basis of type?
What is the breakup of the India petrochemicals market on the basis of application?
What is the breakup of the India petrochemicals market on the basis of end use industry?
What is the breakup of the India petrochemicals market on the basis of region?
What are the various stages in the value chain of the India petrochemicals market?
What are the key driving factors and challenges in the India petrochemicals market?
What is the structure of the India petrochemicals market and who are the key players?
What is the degree of competition in the India petrochemicals market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India petrochemicals market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India petrochemicals market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India petrochemicals industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.