Press Release

Surging Industrial Activities to Drive India Fluorochemicals Market

The India Fluorochemicals Market is projected to grow at a CAGR of around 10.24% during the forecast period of 2024-29, cites MarkNtel Advisors in the recent research report. The market size of Fluorochemicals industry is anticipated to exceed USD 1 billion by 2029. The ongoing expansion of industries and the proliferation of chemical manufacturing facilities in India have led to a consistent and expanding requirement for Fluorochemicals. This demand is primarily attributed to their exceptional chemical resistance, and ability to withstand high temperatures, which render them indispensable in various applications like lining materials for chemical storage tanks, etc.

This industrial expansion has generated substantial demand for fluoropolymers such as polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and perfluoroalkoxy alkane (PFA). These materials are highly sought after due to their exceptional characteristics, including resistance to chemicals, high-temperature stability, and excellent electrical insulation capabilities.

Moreover, in the chemical and petrochemical sectors, Fluorochemicals in the form of fluoropolymers have widespread applications in corrosion-resistant linings, gaskets, and seals. As these industries in India continue to modernize and expand, the demand for these materials experiences a significant upswing. Similarly, the electronics industry heavily relies on fluoropolymers for wire and cable insulation, semiconductor manufacturing, and dielectric materials. The burgeoning electronics sector in India significantly contributes to the escalating demand for these high-performance fluoropolymers.

Further, the pharmaceuticals and healthcare sector presents a significant market opportunity for the Indian Fluorochemicals Market. As the domestic pharmaceutical industry increasingly emphasizes the development of innovative and complex drug molecules, there is a growing need for custom synthesis and advanced fluorination technologies, which in turn is notably booming the sales of Fluorochemicals across India, further states the research report, “India Fluorochemicals Market Analysis, 2024.”

The India Fluorochemicals Market is projected to grow at a CAGR of around 10.24% during the forecast period of 2024-29, cites MarkNtel Advisors in the recent research report. The market size of Fluorochemicals industry is anticipated to exceed USD 1 billion by 2029. The ongoing expansion of industries and the proliferation of chemical manufacturing facilities in India have led to a consistent and expanding requirement for Fluorochemicals. This demand is primarily attributed to their exceptional chemical resistance, and ability to withstand high temperatures, which render them indispensable in various applications like lining materials for chemical storage tanks, etc.

This industrial expansion has generated substantial demand for fluoropolymers such as polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and perfluoroalkoxy alkane (PFA). These materials are highly sought after due to their exceptional characteristics, including resistance to chemicals, high-temperature stability, and excellent electrical insulation capabilities.

Moreover, in the chemical and petrochemical sectors, Fluorochemicals in the form of fluoropolymers have widespread applications in corrosion-resistant linings, gaskets, and seals. As these industries in India continue to modernize and expand, the demand for these materials experiences a significant upswing. Similarly, the electronics industry heavily relies on fluoropolymers for wire and cable insulation, semiconductor manufacturing, and dielectric materials. The burgeoning electronics sector in India significantly contributes to the escalating demand for these high-performance fluoropolymers.

Further, the pharmaceuticals and healthcare sector presents a significant market opportunity for the Indian Fluorochemicals Market. As the domestic pharmaceutical industry increasingly emphasizes the development of innovative and complex drug molecules, there is a growing need for custom synthesis and advanced fluorination technologies, which in turn is notably booming the sales of Fluorochemicals across India, further states the research report, “India Fluorochemicals Market Analysis, 2024.”