Fluoropolymer Tubing Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

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.

According to UnivDatos Market Insights (UMI)’ research report “Global Fluoropolymer Tubing Market”, the market is expected to showcase a growth of around 6% during the forecast period. The growing end-use industry, increasing demand for high-quality products among consumers, growth in PV installation, and increasing industrial production in emerging markets are some of the key attributable factors for the growth of the market.

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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.

Asia-Pacific accounted significant share of the market in 2020

Asia-Pacific held a significant share of the fluoropolymer tubing market and is expected to retain its position during the forecast period. A large base of industrial processing and electrical & electronic industries in the region is maintaining market growth. Further, increasing investment in the renewable energy sector especially in solar and wind is propelling the market for fluoropolymer tubing in the regional economies.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Fluoropolymer Tubing market include 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, and The 3M Company. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Fluoropolymer Tubing Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.      By Type (PTFE, FEP, PFA, ETFE, PVDF, and Others)

2.      By Application (Medical, Semiconductor, Energy, Oil & Gas, Automotive & Transportation, Fluid Management, General Industrial, and Others)

3.      By Region (North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of APAC), and Rest of World)

4.      By Company (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, and The 3M Company)

Key questions answered in the study:

1.      What are the current and future trends of the global fluoropolymer tubing industry?

2.      How the industry has been evolving in terms of type and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global fluoropolymer tubing industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global fluoropolymer tubing suppliers across various region and countries?