According to MarkNtel Advisors study the India Fluorochemicals Market size was valued around USD 622 million in 2022 & is estimated to grow at a CAGR of about 10.24% during the forecast period, i.e., 2024-29.
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Key Findings of the Study: India Fluorochemicals market
India Fluorochemicals Market Driver
Surging Industrial Activities Driving Demand of Fluorochemicals – The rapid industrialization in India plays a pivotal role in driving the Fluorochemicals Market. The industrial sector is undergoing significant expansion, driven by promising business prospects and economic diversification across a wide array of industries, including chemicals, electronics, automotive, pharmaceuticals, etc. In the chemical and petrochemical industries, Fluorochemicals find extensive application in areas such as corrosion-resistant linings, gaskets, and seals. As these sectors in the country continue to modernize and expand, Fluorochemicals Market also shows an increasing trend.
Similarly, the electronics industry relies heavily on variety of Fluorochemicals for applications such as wire and cable insulation, semiconductor manufacturing, and serving as dielectric materials. The burgeoning electronics sector in India contributes significantly to the escalating demand for these high-performance Fluorochemicals, to make them indispensable for a wide range of applications.
Further, the Government of India is aiming to boost its’ industrial manufacturing by 2029, as part of its ‘Make in India’ initiative, by focussing on various sectors, with a special emphasis on electronics, renewable energy equipment, and electric vehicles (EVs). As the production activities of these industries require Fluorochemicals as a raw material, the market is expected to continue to boom in the upcoming years as well.
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Scope of the Report and India Fluorochemicals Market Segmentation:
By Product
- Fluorocarbons- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Fluoropolymers-Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Fluoroelastomers- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Inorganic Chemicals-Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Gases-Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Specialty Organics-Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
By End User
- Electrical & Electronic- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Consumer Electronics- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Automotive- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Pharmaceutical- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Textile-Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Chemicals- Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
- Others (Fire Protection, Aerospace, etc.) Market Size & Forecast 2019-2029, Quantity Sold (Thousand Tons)
The electrical & electronics industry in India relies extensively on fluorinated chemicals for a wide range of applications.
India Fluorochemicals Market Development:
- 2022: Gujrat Fluorochemicals announced to invest USD 536.8 million to supply high quality Fluorochemicals and others raw material for the production of lithium-ion batteries in India.
- 2022: Honeywell partners with Central Glass Extend to meet growing need for ultra-low-global-warming-potential foam blowing agent.
Geographical Analysis:
By Region
- East
- West
- North
- South
Note: If you require specific information not covered in the current report, we can provide it through customized option
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