India Fluoropolymer Market Size To Reach $1.64 Billion By 2030

India Fluoropolymer Market Growth & Trends

The India fluoropolymer market size is expected to reach USD 1.64 billion by 2030, registering a CAGR of 10.5% from 2024 to 2030, 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 12^thFive 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.

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India Fluoropolymer Market Report Highlights

• Fluorinated ethylene propylene (FEP) is expected to register the fastest CAGR of 11.6% during the forecast period. FEP is a high-performance material, boasting excellent chemical resistance, high thermal stability, and low friction properties.

•  Industrial processing dominated the market with a revenue share of 31.7% in 2023. Fluoropolymers have become a vital component in various industries, including chemical and pharmaceutical, food processing, and electrical.

• The construction segment is expected to register the fastest CAGR of 11.4% over the forecast period. India is focusing on large-scale infrastructure development, particularly in smart cities and housing sectors.

India Fluoropolymer Market Segmentation

Grand View Research has segmented the India fluoropolymer market report based on product, and application:

India Fluoropolymer Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polytetrafluoroethylene (PTFE)

• Polyvinylidene Fluoride (PVDF)

• Fluorinated Ethylene Propylene (FEP)

• Fluoroelastomers

• Others

India Fluoropolymer Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Electrical & Electronics

• Construction

• Industrial Processing

• Others

List of Key Players in India Fluoropolymer Market

• Gujarat Fluorochemicals Limited

• GMM Pfaudler

• Nishigandha Polymers

• Isha Fluoropolymer Co.

• NexGen

• Scorpion Industrial Polymers Private Limited

• Anhui Sinograce Chemical Co., Ltd.

• Dhwani Polymer