India fluoropolymer &fluorosurfactant market is expected to reach USD 258.5 million
by 2022, according to a new report by Grand View Research, Inc. Fluoropolymer
is extensively used in numerous applications for industries including
automobiles, electrical & electronics and chemical processing owing to its
high heat resistance and excellent tensile strength. Growing automotive sector
in India on account of new product launches by vehicle manufacturers including
Toyota and Volkswagen is expected to open new market avenues over the forecast
period.
Rising
awareness among citizens to curb fire emergencies coupled with introduction and
implementation of regulations by state governments is expected to drive growth
of firefighting solutions, which will promote fluorosurfactant growth.
Moreover, increasing product demand in water-based paints to increase its
wetting properties, is expected to propel industry expansion.
Chemicals & pharmaceuticals dominated the
fluoropolymer market and is expected to witness significant gains at a CAGR of
14.3% from 2015 to 2022, in terms of volume, owing to growth of the chemical
processing sector in the country. In addition, the government has announced
plans to invest USD 80 million for technology upgradation of the chemical
sector as part of the 12thFive Year Plan. Growing requirement of the
product in chemical processing and pharmaceutical sectors owing to its superior
chemical and thermal resistance will propel demand in the near future.
Browse full report by
Grand View Research : http://www.grandviewresearch.com/industry-analysis/india-fluoropolymer-fluorosurfactant-market-analysis
Further key findings from the report suggest:
·
India fluoropolymer & fluorosurfactant
demand was 8,300.0 tons in 2014 and is expected to reach 20,005.9 tons by 2022,
growing at a CAGR of 11.7% from 2015 to 2022. Rapid industrialization is
expected to be a key factor driving growth over the forecast period.
·
Demand for fluorosurfactant in industrial
cleaning accounted for 20.6% of the overall revenue in 2014. The product
reduces surface tension, offers high wetting of contaminate and effectively
provides sustainable foams which will drive industry size over the next seven
years. Technological advancements in industrial cleaning sector in the country
will augment product demand in the near future.
·
Key industry participants include Gujarat
Fluorochemicals Ltd., Chemours, Arkema and Hindustan Fluorocarbons Limited,
Chemours, and 3M.Dyneon Fluoropolymers from 3M can withstand extreme
temperatures, endures aging and wear & tear, and extends the life of
processing equipment. Companies including Chemguard have developed
fluorotelomer-based products which do not contain PFOS and PFOA, which will
open growth opportunities in the near future.
·
Fluorosurfactants are mainly imported into
the country on account of absence of local manufacturing units. High capital
investments coupled with complex technology for manufacturing the product has
resulted in the absence of manufacturing units in the country.
Browse more reports of this category by
Grand View Research: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the India
fluoropolymer & fluorosurfactant market on the basis of application
India
Fluoropolymer Application Outlook (Volume, Tons; Revenue, USD Million, 2012 -
2022)
·
Automotive
·
Electrical & electronics
·
Construction
·
Chemicals & pharmaceuticals
·
Others
India
Fluorosurfactant Application Outlook (Volume, Tons; Revenue, USD Million, 2012
- 2022)
·
Paints & coatings
·
Oil & gas
·
Industrial cleaners
·
Electronics
·
Others
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/india-fluoropolymer-fluorosurfactant-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
