Fluorinated organic compounds are extensively used in applications such as refrigerants, medical aerosols, solvents, adhesives, pharmaceuticals, and cosmetics owing to their low surface tension, high density, high thermal and oxidative stability along with non-flammability properties. These compounds have been replacing chlorinated and hydrocarbon compounds due to environmental regulations. They are preferred in various industrial and household applications such as air conditioners, refrigerators, insulating foams, firefighting foams, and electronic coatings.

The global India Fluorinated Organic Compounds Market is estimated to be valued at US$ 3 billion in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growing health awareness among Indian consumers have led to an increased demand for fluorinated organic compound-based pharmaceutical formulations. Fluorinated drugs have high efficacy and stability, which make them suitable for various chronic disease treatments. Many pharmaceutical companies are engaged in research and development of fluorinated drugs for cancer, cardiovascular diseases, diabetes, and Central Nervous System (CNS) disorders treatment. As per the World Health Organization, NCDs (non-communicable disease) like cardiovascular diseases, cancers and diabetes are the leading cause of mortality in India. This is expected to drive growth in the Indian Fluorinated Organic Compounds market over the forecast period.

Segment Analysis
The Indian fluorinated organic compounds market is dominated by refrigerants sub-segment, which holds around 55% share of the total market. Refrigerants find widespread applications in refrigeration and air conditioning equipment. Growing demand for refrigeration and air conditioning from food & beverages, healthcare and other industries is expected to drive the growth of this sub-segment during the forecast period.

Key Takeaways
The Global India Fluorinated Organic Compounds Market Size is expected to witness high growth over the forecast period 2024 to 2031.

Regional analysis: The Western region dominates the India Fluorinated Organic Compounds market and is expected to witness a growth rate of around 5.3% during 2024-2031. Rapid industrialization and infrastructure development activities are driving the growth of refrigeration and air conditioning industries in this region.

Key players operating in the India Fluorinated Organic Compounds market are Deep Fluorochemicals, Arkema, Dow Chemical, 3M, Solvay SA. Solvay SA holds around 20% market share in India primarily due to its widespread production and distribution network across the country.

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