India’s petrochemical economy and opportunities for the manufacturing industry growth

Publication: Industrial Products Finder Online | Date: October 10, 2025

India’s petrochemical sector is poised for robust expansion, driven by strong domestic demand, supportive policies, and initiatives promoting local manufacturing and import substitution. Currently valued at approximately $50–60 billion, the Indian petrochemical market is projected to grow to about $84.4 billion by 2033. Growth is underpinned by rising consumption of petrochemical products across key downstream industries such as packaging, automotive, textiles, and consumer goods, as well as by national initiatives such as Make in India. For manufacturers, this expansion presents opportunities to deepen integration with the petrochemicals value chain, reduce import dependence, and capitalise on export potential. However, achieving these gains will require continued investment in technology, infrastructure, and ecosystem partnerships to meet global quality standards and sustain long-term competitiveness.