Chemours and SRF Limited Partner in India to Enhance Industrial Intermediates Production

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Chemours has signed strategic agreements with SRF Limited in India, a manufacturer of industrial and specialty intermediates, including fluoropolymers. The agreements aim to expand Chemours' presence in India and leverage SRF's expertise in the region. This move is expected to enhance Chemours' product portfolio and drive growth in the Indian market.

#ChemoursCompany (Chemours) has entered into strategic agreements with #SRFLimited, a diversified chemical-based multi-business conglomerate headquartered in India. The collaboration aims to expand Chemours' presence in the Indian market and leverage SRF's expertise in the region. This move is expected to enhance Chemours' product portfolio and drive growth in the Indian market.


The agreements will strengthen Chemours' global supply chain footprint, bolster operational flexibility, and provide access to capacity for fluoropolymers and fluoroelastomers. These materials are essential across various industries, including semiconductor, automotive, aerospace, chemical processing, and oil and gas. By leveraging SRF's established manufacturing excellence alongside Chemours' advanced product technology and rigorous quality standards, the collaboration will deliver a reliable supply of high-quality products. The agreements will supplement Chemours' existing global operations, allowing the company to efficiently bring supply flexibility without requiring upfront capital investment.


Denise Dignam, Chemours President and CEO, noted that the arrangement exemplifies the company's Pathway to Thrive strategy, which involves shifting the product mix to higher value applications. This move will enhance Chemours' position as a trusted supplier while maintaining a commitment to responsible manufacturing practices .


Prashant Yadav, President and CEO – Fluorochemicals and Technical Textiles Businesses, SRF Limited, stated that the strategic relationship with Chemours is a testament to SRF's proven capabilities in complex chemical production. The collaboration marks the beginning of a strong relationship with a global leader in performance chemicals and advanced fluoropolymers .


The agreements are expected to provide additional supply to the market by 2026, aligning with rising demand in India's fluoropolymer sector. According to Grand View Research, the market was valued at $817.7 million in 2023 and is projected to grow at a compound annual growth rate of 10.5% from 2024 to 2030 .


The collaboration underscores Chemours' commitment to expanding its global footprint and leveraging strategic partnerships to meet market needs. As the demand for advanced materials continues to grow, these agreements position Chemours to capitalize on emerging opportunities in the Indian market.


source : Chemours / AInvest


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