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India Fluoropolymer Market Outlook, Trends and Forecast to 2022

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.

India Fluoropolymer Market is expected to reach USD 258.5 million by 2022, according to a new report by Grand View Research, Inc.


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.


Demand for Fluoropolymer 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.

Market Segmentation of India Fluoropolymer Market:

India Fluoropolymer Market segmented on the basis of Application.

By Application:

Automotive
Electrical & electronics
Construction
Chemicals & pharmaceuticals

Inquire about India Fluoropolymer Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2813/ibb 
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