SRF an Overview
Large and Growing Market: Chemicals (2/2)
Long-term benefits
SRF
We always find a better way
CRAMS/CSM
Global CRAMS
market size
(FY19)
*
242*
CRAMS growth momentum to continue.
Market is expected to grow at a CAGR of 10% up to FY24
on the back of increasing trends in contract manufacturing
and innovators shifting production to low cost destinations
Fluorochemicals
*USD Bn.
Source: Frost & Sullivan report
Japan
8-9%
Custom synthesis and manufacturing
on the rise in India
Others
20.3*
11-15%
12% CAGR
US / EU
60%
India
7-8%
11.5*
China
10-12%
FY19
FY24E
India's low cost labour advantage along with
research, process and manufacturing expertise will
result in increasing demand from MNC clients
Significant growth potential in HFCs, given India is
amongst the lowest consumer per capita (kg)
490
460
FY20
FY25E
520
5.8% CAGR
21.4*
30*
Global Market
14.4% CAGR
*
0.45*
0.88*
India Market
117
40
17
US
Europe
Japan
China
Emerging
Economies
India
The market is consolidated primarily due to significant entry
barriers prevalent in the industry. Fluorochemicals requires high
capital investments, R&D focus and involves complex chemistries
along with multiple regulatory compliances
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