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. According to MarkNtel Advisors Study.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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India Fluorochemicals Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- 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)
- By Region
- East
- West
- North
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Gujrat Fluorochemicalss Limited, Laxmi Organic Industries Ltd., SRF, Daikin Industries, Solvay, 3M, Arkema, The Chemours Company, Navin Fluorine International Limited, DIC Corporation, Honeywell International Inc., Others looking forward to strengthening their market positions.
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