Fluoropolymer Resin Market In India
For those who are not so familiar with the term, “Fluoropolymers”
are polymers materials that contain fluorine atoms in their chemical
structures. The substances are characterized by a high resistance to solvents,
acids and bases. The American industrial research chemist Roy.J.Plunkett in 1938
accidentally discovered these substances while he was trying to make a new CFC
refrigerant; that’s when he observed that a cylinder filled with
tetrafluoroethylene had stopped flowing and what came out was not gas but a
powder which was nothing but the fluoropolymer. Since then the substance has
found use in numerous products ranging from semiconductors and automotive fuel
transport to even in NASA’s space shuttle.
Today the flouropolymer
resin market in India is a huge industry that influences the lives of
millions of people in various ways. Here’s a brief overview of the industry:
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The biggest demand driver of Polytetrafluoro-ethylene
(an industrial fluoropolymer) in India is the chemical processing industry
unlike China where the demand drivers are wires and cables, non-stick cookware and
industrial lined products.
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These are used in lining of pipes, vessels, wire
and cable industry, automotive, electrical switchgears, electronics, valves and
other flow products.
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PTFE - polytetrafluoro-ethylene is the most
commonly used flouropolymer.
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Industrial and consumer applications like
non-stick cookware coating is very common in India.
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Non-stick cookware manufacturers buy this
product in large amounts.
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The demand for the substance is primarily
domestic in India.
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The
fluoropolymer resin market in India annually produces 2,500 tons of polymers
with a growth of 6 to 7 percent p.a.
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Dupont is, currently, leading the fluoropolymer resin market in India.
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The polymers are also imported from China, GFL (Gujarat
Fluorochemicals Limited) and other leaders.
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The price for PTFE varies depending on global
price trends and demand supply ratio with respect to China.
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GFL (Gujarat Fluorochemicals Limited) in India has
earned a significant share in the Indian market.
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Current trends indicate that the Indian
automotive industry and the pharma industry are emerging as the biggest demand
drivers for the fluoropolymer resin in India.
-
Though filled with risks and policy
restrictions, oil and gas exploration can also drive demand for PTFE in India.
-
There is also growth potential for
fluoropolymers like PFA and FEP etc owing to the rapid growth in the automobile
industry.
Pharmaceutical industry is the biggest consumer
of these products.
-
Although the fluoropolymer market depends on the
global market scenario, there is still great potential in the industry with
value added applications.
Conclusion
India being one of the world’s largest economies is striving
to ensure for its citizen safe and nutritious food, uninterrupted energy and
state-of-the-art infrastructure to protect both people and the environment. This
increasing need to make like better for the people is playing a significant role
in driving the demand for the fluoropolymer
resin market in India. Today, this global business has taken place as a billion
dollar industry in India and is catering to wide varieties of sectors ranging
from industries to household items. Consumers rely on the products made from
fluoropolymers due to their unique benefits.
Currently, investors from around the world are frequently
eyeing the market to gain huge profits. For more information on the fluoropolymer resin market in India,
feel free to visit Merger Alpha at http://mergeralpha.com/.
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