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Showing posts with the label India Fluoropolymer Industry

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