Global Fluoropolymer Tubing Market (2021 to 2026) - Emerging Market for Melt Extrusion Presents Opportunities'

DUBLIN, Jan. 28, 2022 /PRNewswire/ -- The 'Fluoropolymer Tubing Market by Material (PTFE, PVDF, FEP, PFA, ETFE) Application (Medical, Semiconductor, Energy, Oil & Gas, Aerospace, Automotive, Fluid Management, General Industrial) Form Factor, and Region - Global Forecast to 2026' report has been added to ResearchAndMarkets.com's offering.

The global fluoropolymer tubing market size is projected to grow from USD 513 million in 2021 to USD 662 million by 2026, at a CAGR of 5.2% between 2021 and 2026.

The market is driven by various factors, such as aging population, rising demand for semiconductor microchips, new applications of fluoropolymer tubing, such as solar panels & electric vehicles (EVs), high growth in end-use industries, and industrialization in Asia Pacific. Additionally, the increasing demand for fluoropolymer tubing in the medical industry, and technical advancements in medical technologies is expected to drive the demand for fluoropolymer tubing. However, high cost of fluoropolymers materials, and environmental sustainability restricts the growth of the market.

Rising geriatric population is driving the demand for fluoropolymer tubing in the medical industry.

The fluoropolymer tubing market in Asia Pacific countries such as India, Japan and China is expected to witness high growth, owing to rise in geriatric population, improving healthcare system, and increasing average life expectancy. Additionally, Asia Pacific is growing at a fast rate with its medical devices and semiconductor production. Countries such as China and Japan are focusing on the development of medical electronics and robotics for minimum invasive surgeries. This demographic trend will increase the demand for portable, lightweight medical devices, and fluoropolymer tubing which is expected to increase the growth rate in Asia Pacific, during the forecast period.

Rising production of electric vehicles to fuel the demand for fluoropolymer tubing in automotive industry.

The fluoropolymer tubing market is expected to witness growing demand from automotive industry due to the rising production of electric vehicles owing to the global emission reduction targets, government initiatives, and changing consumer behavior toward the adaptability of EVs. Automotive manufactures such as Ford Motor Co. and SK Innovation announced that they would be investing USD 11.4 billion on new production sites of EVs and batteries in Tennessee and Kentucky. Such factors are expected to boost the demand for fluoropolymer tubing in the automotive industry.

Asia Pacific is the largest market for fluoropolymer tubing in 2020.

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights 4.1 Significant Opportunities in the Fluoropolymer Tubing Market4.2 North America: Fluoropolymer Tubing Market, by Application and Country, 20204.3 Fluoropolymer Tubing Market, by Type4.4 Fluoropolymer Tubing Market, by Application4.5 Fluoropolymer Tubing Market, by Key Countries

5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rise in Geriatric Population5.2.1.2 Increasing Use of Fluoropolymer Tubing in the Solar Industry5.2.1.3 Growing Demand for Electric Vehicles (Evs)5.2.1.4 High Growth in End-Use Industries5.2.1.5 Industrialization in Asia-Pacific5.2.2 Restraints5.2.2.1 Higher Cost of Fluoropolymers Than That of Conventional Materials5.2.2.2 Environmental Sustainability5.2.3 Opportunities5.2.3.1 Increasing Healthcare Investments in Emerging Economies5.2.3.2 Emerging Market for Melt Extrusion5.2.4 Challenges5.2.4.1 Stringent and Time-Consuming Regulatory Policies5.2.4.2 Difficulty in Processing High-Performance Fluoropolymers5.2.4.3 Intense Competition from Low-Cost Suppliers in China5.3 Porter's Five Forces Analysis5.3.1 Bargaining Power of Suppliers5.3.2 Bargaining Power of Buyers5.3.3 Threat of Substitutes5.3.4 Threat of New Entrants5.3.5 Intensity of Competitive Rivalry5.4 Value Chain Analysis5.5 Trade Analysis5.6 Ecosystem Mapping5.7 Technology Analysis5.7.1 Braided Tube5.7.2 Electric Vehicles (Evs)5.8 Macroeconomic Indicators5.8.1 Global GDP Trends5.8.2 Automobile Production Trends5.8.3 Ev Production5.9 Average Selling Price Analysis5.10 Tariffs & Regulations5.10.1 Clean Water Act (Cwa)5.10.2 Safe Drinking Water Act5.11 Case Study Analysis5.11.1 Adtech5.11.2 Ptfe Tubing for the Aerospace Industry5.11.3 Holscot Grantham5.12 Trends/Disruptions Impacting Customers' Businesses5.13 Raw Material Analysis5.13.1 Ptfe5.13.2 Fep5.13.3 Pfa5.14 COVID-19 Impact Analysis

6 Fluoropolymer Tubing Market, by Form Factors 6.1 Introduction6.2 Heat Shrink6.3 Single Lumen6.4 Co-Extruded6.5 Multi Lumen6.6 Tapered or Bump Tubing6.7 Braided Tubing

7 Fluoropolymer Tubing Market, by Material 7.1 Introduction7.2 PTFE7.3 FEP7.4 PFA7.5 ETFE7.6 PVDF7.7 Others

8 Fluoropolymer Tubing Market, by Application 8.1 Introduction8.2 Medical8.3 Semiconductor8.4 Energy8.5 Oil & Gas8.6 Automotive8.7 Aerospace8.8 Fluid Management8.9 General Industrial8.9.1 Wire Coating8.9.2 Optical Fibers8.9.3 Monofilament8.10 Others

9 Fluoropolymer Tubing Market, by Region

10 Competitive Landscape 10.1 Key Players' Strategies10.2 Ranking Analysis of Key Market Players, 202010.3 Market Share Analysis of Leading Players10.4 Market Evaluation Matrix10.5 Company Evaluation Matrix10.5.1 Star10.5.2 Emerging Leaders10.6 Company Application Footprint10.7 Company Material Footprint10.8 Company Region Footprint10.8.1 Strength of Product Portfolio10.8.2 Business Strategy Excellence10.9 Competitive Leadership Mapping of SMEs10.9.1 Responsive Companies10.9.2 Starting Blocks10.1 Competitive Scenario10.10.1 New Product Launches10.10.2 Deals10.10.3 Other Developments

11 Company Profiles 11.1 Key Players11.1.1 Saint-Gobain Sa11.1.2 Zeus Industrial Products11.1.3 Optinova11.1.4 Parker Hannifin11.1.5 Te Connectivity11.1.6 Adtech11.1.7 Ametek11.1.8 Swagelok11.1.9 Tef-Cap Industries11.1.10 Teleflex Inc.11.1.11 3M (Dyneon)11.1.12 Fluorotherm11.1.13 Insultab11.1.14 Junkosha11.1.15 Nes Ips11.1.16 Nichias Corporation11.1.17 Polyflon Technology11.1.18 Qualtek11.2 Other Players11.2.1 Allied Supreme Corp.11.2.2 Elringklinger Ag11.2.3 Entegris, Inc11.2.4 Fluortubing B.V.11.2.5 Habia Teknoflour11.2.6 Newage Industries11.2.7 Xtraflex

12 Adjacent/Related Market

13 Appendix

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