Fluoropolymer Tubing Market by Material (PTFE, PVDF, FEP, and Others) and End-Use Industry (Healthcare, Semiconductor, Energy, Oil & Gas, Automotive & Aerospace, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026638 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 542 million mark in 2022 and is expected to hit US$ 840 million by 2030, recording an approximate CAGR of 5.6% during the forecast period.

Increasing demand for fluoropolymer tubing from various end-use industries

Fluoropolymer tubing materials are used in various end-use industries such as healthcare, semiconductors, oil & gas, energy, and automotive and aerospace, among others. They have high heat, chemical, and abrasion resistance. They are lighter in weight and possess high dimensional stability than traditional polymer tubing materials. Thus, they are extensively used for automotive and aerospace engineering applications. They are susceptible to different temperatures making them suitable for the oil, gas, and energy industries. Thus, the rising demand for fluoropolymer tubing from various end-use industries is driving the market growth.

Within the report, the market is segmented into source, application, and geography. By material, the market is segmented into PTFE, PVDF, FEP, and others. Based on end-use industry, the market is segmented into healthcare, semiconductor, energy, oil & gas, automotive & aerospace, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising Demand for Healthcare Application

The global healthcare industry is growing at a rapid pace with rising population, rising prevalence of various diseases including obesity, diabetes, blood pressure, heart diseases, and cancer, increasing healthcare expenditures, and availability of better healthcare facilities. With booming healthcare industry, there is a rising adoption of modern medical devices and equipment. Moreover, after the outbreak of COVID-19, the healthcare industry witnessed significant boom. Fluoropolymer tubing is widely used in various medical equipment such as catheters, bio-containment vessels, syringes, and sutures. Thus, the growth of the healthcare industry is thereby fueling the fluoropolymer tubing market growth.

Surging demand for PTFE fluoropolymer tubing

PTFE fluoropolymer tubing material is used in major applications such as semiconductors, electrical appliances, automotive components, etc. PTFE fluoropolymer tubing enables effective functioning of industrial machines and minimize their failure rate. In the construction industry, PTFE fluoropolymer tubing is used for gaskets, rings, seals, pump interiors, and vessel linings. Also, PTFE fluoropolymer tubing is resistant to chemicals and concentrated acids. Thus, it is widely used in oil & gas industry. Thus, the numerous benefits of PTFE fluoropolymer tubing are driving the market growth.

Recent strategic developments in fluoropolymer tubing market

The fluoropolymer tubing market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2020, Optinova launched a new product named Delitube, which is a high-quality fluid handling tube that obtained food-grade approval in China, the US, and the European Union.
  • In March 2020, Zeus Industrial introduced a new product named StreamLiner OTW which is an extruded PTFE catheter liner. With the launch of this product, the company is expected to expand its footprints in the healthcare industry.

The fluoropolymer tubing market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Saint-Gobain, Optinova, TE Connectivity, Teleflex Inc., and Tef-Cap Industries, are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Manufacturers and distributors of fluoropolymer tubing materials
  • Government bodies, such as regulating authorities and policy makers
  • Manufacturers of semiconductors
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Material:
    • PTFE
    • PVDF
    • FEP
    • Others
  • End-Use Industry:
    • Healthcare
    • Semiconductor
    • Energy
    • Oil & Gas
    • Automotive & Aerospace
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled        
    • Saint-Gobain
    • Optinova 
    • TE Connectivity
    • Teleflex Inc.
    • Tef-Cap Industries

The List of Companies
- Saint-Gobain
- Optinova
- TE Connectivity
- Teleflex Inc.
- Tef-Cap Industries

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