The India Fluorinated Organic Compounds Market was valued at US$ 26,064.4 Million in 2022, according to the India Fluorinated Organic Compounds market report, by Application (Pharmaceuticals, Agrochemicals, Refrigerants, and Electrical & Electronics, Others) published by Coherent Market Insights.
India fluorinated organic compounds market is expected to surpass US$ 49,554.9 Million by 2030 and exhibit a CAGR of 8.36% during the forecast period (2023-2030). India fluorinated organic compounds market is expanding as a result of soaring demand for fluorinated organic compounds across the agrochemicals industry
To know the latest trends and insights prevalent in this market, click the link below:
Browse 12 market data tables* and 10 figures* on "India Fluorinated Organic Compounds Market” - Forecast to 2030.
Key Trends and Analysis of the India Fluorinated Organic Compounds Market:
- Fluorinated organic compounds are used in different applications such as lubricating oils, finishing agents for fabrics, electroplating baths, components of extinguishing agents, and others
- Increasing use of chemical pesticides and fertilizers, there is a decrease in the quality of soil owing to carbon emission. Thus, the growing demand for sustainable fertilizers using fluorinated organic compounds is projected to create significant opportunities for the agrochemical market players.
- Moreover, the rising adoption of fluorinated organic compounds across various applications such as refrigerants, pharmaceuticals, coatings, and textile finishes consisting of fluorine atoms owing to useful properties such as high durability, low adhesion, low refractive index, and chemical resistance.
- India fluorinated organic compounds market was valued at US$ 285.2 Million in 2021 and is expected to exhibit a significant CAGR of 5.6% during the forecast period, due to fluorinated organic compounds having different applications in the material chemistry.
Key Takeaways of the Market:
- Growing medicinal and biological significance of fluorinated organic compounds has significantly augmented the growth of the fluorinated organic compounds market. In addition, various pharmacologically active fluorinated organic compounds are used for illnesses such as urinary antiseptics, anti-inflammatory, and antimicrobials medications. Moreover, these compounds provide high durability and UV resistance in different applications such as refrigeration with useful properties including electrical insulation and high tensile strength. These are the major factors to drive the India fluorinated organic compounds market.
Key Players
Major players operating in India fluorinated organic compounds market include Merck KGaA, Solvay, DAIKIN INDUSTRIES, Ltd., Navin Fluorine International Limited, Gujarat Fluorochemicals Limited, Otto Chemie Pvt Ltd, Regal Remedies Limited, and Rational Labs Private Limited.
India Fluorinated Organic Compounds Market - Impact of Coronavirus (COVID-19) Pandemic
India fluorinated organic compounds market has experienced a decline owing to the stringent regulations throughout COVID-19. In addition, the supply chain was interrupted during the pandemic. Owing to these manufacturing process of fluorinated organic compounds was disturbed. In addition, chemical companies have focused on the production of medical goods and chemicals including disinfectant gels, pharmaceutical active ingredients, masks, and others to overcome this pandemic. However, fluorinated organic compounds play a vital role in the pharmaceutical industry. Thus, the growing demand for fluorinated organic compounds across the pharmaceutical sector is expected to experience significant growth during the forecast timeline.
