The fluorinated organic compounds are primarily used as intermediates in the manufacturing of fluoropolymers and fluoroelastomers. These compounds impart water, oil and heat resistance properties to plastics, rubbers and coatings. Major fluoropolymers such as polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP) and perfluoroalkoxy (PFA) find wide usage in semiconductor manufacturing, automotive, aerospace, construction and medical industries due to their unique properties. The growing demand for fluoropolymers from end-use industries is expected to propel the India fluorinated organic compounds market.
The global India Fluorinated Organic Compounds Market is estimated to be valued at US$ 450 Million in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Some of the major trends driving the India fluorinated organic compounds market include rapid urbanization and infrastructure development. There is massive ongoing investment in urban infrastructure such as smart cities, transportation, power and water supply networks. Fluorinated compounds and polymers find wide application in construction of buildings, piping, cable insulation and other infrastructure components due to their resistance to harsh weather conditions, corrosion and chemicals. Moreover, steady growth of end-use industries such as automotive, semiconductor and medical is also augmenting the demand for engineering plastics and elastomers made from fluorinated organics. ongoing research and new product development is further expected to support market growth over the forecast period.
Threat of new entrants: The threat of new entrants in the India fluorinated organic compounds market is moderate. High capital requirements and established procurement channels act as a barrier for new entrants.
Bargaining power of buyers: The bargaining power of buyers in the India fluorinated organic compounds market is moderate. The market is fragmented with presence of several domestic and international players.
Bargaining power of suppliers: The bargaining power of suppliers in the India fluorinated organic compounds market is high. Raw materials such as fluorine gas, hydrogen fluoride are limited in availability and highly regulated.
Threat of new substitutes: Threat of substitution is low as fluorinated organic compounds have superior properties as compared to alternatives.
Competitive rivalry: Competition is high due to presence of numerous international and domestic players.
The Global India Fluorinated Organic Compounds Market Size is expected to witness high growth. Regional analysis related content comprises Regional analysis related content
The India fluorinated organic compounds market is expected to grow at a significant pace during the forecast period. Growth in end-use industries such as refrigeration & air-conditioning, electrical & electronics, automotive, and medical in the country is expected to drive the demand for fluorinated organic compounds.
Key players operating in the India fluorinated organic compounds market are The Chemours Company, 3M Company, Arkema SA, Solvay SA, Asahi Glass Co. Ltd.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it