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Global Fluoropolymer Tubing Market Insight2022-02-16 Comments
The fluoropolymer tubing is forecast to grow gradually over the next few years. According to the WK-chem Research “Global Fluoropolymer Tubing Professional Survey Report 2022, Forecast to 2027”, Increasing usage in end-use industries along with growing geriatric population is ultimately driving the global fluoropolymer tubing market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.12% base on WK-chem Research regression analysis model.
At present, fluoropolymer tubing still has huge development potential, which is caused by the growing aging population. said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. But it is worth mentioning that the industry is relatively fragmented at present, and there are some strong companies in it. Therefore, how to stand out in the fiercely competitive market environment will become the primary consideration for players.
Fluoropolymer tubing is widely used in the transportation (automotive and aerospace), electrical and electronics, industrial process and medical industries because of their superiority and variety of properties over other polymer tubing. These industries are growing rapidly, which is driving the demand for fluoropolymer tubing, especially PTFE, FEP and PFA. High heat resistance, low weight, high dimensional stability and good chemical resistance are increasing their demand in these industries. Various applications in the automotive and other industries require tubing that can withstand harsh application conditions over a wide temperature range.
The healthcare industry in developing countries is experiencing rapid growth due to changing customer needs, increasing healthcare awareness, and an aging population, which presents many opportunities for fluoropolymer tubing manufacturers in the healthcare and medical device industries. The fluoropolymer tubing market in developing countries is growing mainly due to economic growth, increasing government spending on healthcare facilities, and increasing consumer purchasing power.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Fluoropolymer Tubing companies that include Saint-Gobain, Optinova, TE Connectivity, Ametek, Teleflex Inc., Tef-Cap Industries, Zeus Industrial Products, Fluorotherm, Parker Hannifin.
Segmentation of Fluoropolymer Tubing Market:
According to the material fluoropolymer tubing industry can be subdivided into PTFE, PVDF, FEP, PFA, ETFE. PTFE is a high-performance fluoropolymer consisting of carbon and fluorine structures. It is produced through a free-radical polymerization mechanism in an aqueous media through the addition polymerization of tetrafluoroethylene (TFE) in a batch process. It is considered a reliable material for the transfer of critical fluids. PTFE fluoropolymer tubing is widely used due to its resistance to corrosive environments and aggressive chemicals.
Fluoropolymer tubing can be widely used in Medical, Semiconductor, Energy, Oil & Gas, Aerospace, Automotive, General Industrial and Others. The chemical inertness and flexibility provided by fluoropolymer tubing make it ideal for use in medical applications. Medical applications require the precise functionality of equipment. The rising demand for minimally invasive procedures and advanced diagnostic equipment and microcatheters is increasing the demand for fluoropolymer tubing in the medical industry. Advancements in medical technologies such as real-time data monitoring and analysis in diagnostic systems will drive the demand further.
Fluoropolymer Tubing Market: Regional Analysis
In terms of geography, the global Fluoropolymer Tubing market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The fluoropolymer tubing market in Asia Pacific is anticipated to grow during the forecast period due to rising industrialization, growing end-use industries, and aging population. The demand for fluoropolymer tubing in Asia Pacific countries such as China, Japan, and India, are rising, owing to the development of healthcare facilities, government investment in semiconductor production, and automotive industry. China has the fastest-growing automobile market globally. Government of India is planning to introduce production-linked incentive plans to increase the manufacturing of semiconductors in the country. Such factors are expected to increase the demand for fluoropolymer tubing during the forecast period in Asia Pacific.
Largest share area：Asia Pacific
Largest share country：China
Product Type(by Material)：PTFE, PVDF, FEP, PFA, ETFE
Application：Medical, Semiconductor, Energy, Oil & Gas, Aerospace, Automotive, General Industrial and Others
Leading Company：Saint-Gobain, Parker Hannifin, TE Connectivity, Ametek, Zeus Industrial Products