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.
To view summary of this
report, click the link below:
www.grandviewresearch.com/industry-analysis/india-fluoropolymer-fluorosurfactant-market-analysis
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.
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Research at:
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
View
press release of this research report by Grand View Research:
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.
