Growth in the end-use industry is propelling the market growth for fluoropolymer tubing
The global fluoropolymer tubing market is likely to showcase a growth of around 6% during the forecast period. This can be ascribed to the growing end-use industry and increasing preference for fluoropolymer tubing over conventional polymers due to the demand for high-quality products among consumers.
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The global market for fluoropolymer tubing is gaining strong growth momentum in light of recovery in end-use industries after a hefty hit of COVID-19. Fluoropolymers tubing like PTFE, FEP, and PFA are some of the commonly used types that are used in a range of industrial operations ranging from chip manufacturing that is used in medical devices to medical equipment such as catheters as a preferred material. Since it exhibits a remarkable combination of properties, from excellent chemical resistance, broad temperature capability, electrical insulation to high purity, toughness, and non-stick features, it is widely accepted among consumers. It is expected that increasing investment in fluoropolymer tubing demanding industries like automotive & transportation, medical, semiconductor, and energy, its market is likely to witness strong growth during the foreseeable future. Moreover, the extensive use of FDA-approved fluoropolymer tubing i.e., PVDF in water and food applications is fueling the global fluoropolymer tubing.
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Based on type, the market is categorized into PTFE, FEP, PFA, ETFE, and others. Among these, PTFE accounted for a dominant share of the market. PTFE held a significant share in the market and is likely to showcase significant growth over the forecast period. This can be ascribed to its preference among consumers due to its low cost while offering high-quality properties like a high-temperature resistance and a nearly universal chemical resistance with non-stick characteristics.
Based on application, the market is categorized into medical, semiconductor, energy, oil & gas, automotive & transportation, fluid management, general industrial, and others. Among these, the semiconductor is likely to showcase robust growth during the foreseeable future. Rising investment to meet the growing chips demand is one of the key factors that would drive the market for fluoropolymer tubing in the semiconductor industry.
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For a better understanding of the market adoption of Fluoropolymer Tubing, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific accounted for a prominent share in the global fluoropolymer tubing market owing to the large base of the end-use industry including electrical & electronics, automotive & transportation, general industrial, and energy to name a few. Further, a large and growing population coupled with rapid urbanization is supporting industrial production in the region. Besides large demographic, improving per-capita income and disposable income is encouraging consumers to purchase high-quality products, thereby increasing the demand for fluoropolymer tubing.
Global Fluoropolymer Tubing Market Segmentation
Market Insight, by Type
• Polytetrafluoroethylene (PTFE)
• Fluorinated ethylene propylene (FEP)
• Perfluoroalkoxy Polymer (PFA)
• Polytetrafluoroethylene (ETFE)
• Polyvinylidene Fluoride (PVDF)
Market Insight, by Application
• Oil & Gas
• Automotive & Transportation
• Fluid Management
• General Industrial
Market Insight, by Region
- North America Fluoropolymer Tubing Market
- The United States
- Rest of North America
- Europe Fluoropolymer Tubing Market
- The United Kingdom
- Rest of Europe
- Asia-Pacific Fluoropolymer Tubing Market
- Rest of Asia-Pacific
- Rest of World Fluoropolymer Tubing Market
Top Company Profiles
- Compagnie de Saint-Gobain S.A.
- Zeus Company Inc.
- Optinova Group
- Parker Hannifin Corporation
- TE Connectivity Corporation
- Adtech Polymer Engineering Ltd.
- Swagelok Company
- Tef-Cap Industries Inc.
- Teleflex Incorporated
- The 3M Company