Fluoropolymer Tubing Market Size

Fluoropolymer Tubing Market size was valued at USD 587.66 million in 2024 and is poised to cross USD 1.33 billion by the end of 2037, registering more than 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fluoropolymer tubing is estimated at USD 618.69 million.

The growth of the market can be attributed to the growing medical industry across the globe. Further, the growing elderly population are also expected to add to the market growth. Many medical applications make use of fluoropolymer components. Surgical device coatings frequently consist of fluoropolymers. For a wide range of applications, PTFE tubing is used by producers of medical devices. It is a preferred material for low friction inner liners of guide catheters used in cardiology and neurology. Further, shrink tubing and vascular access sheaths are made of fluorinated ethylene propylene (FEP). As of 2020, healthcare accounted for over 10% of the nation's GDP in the US.

In addition to these, factors that are believed to fuel the market growth of fluoropolymer tubing include the rising semiconductor industry. The growth can be attributed to the growing consumption of consumer electronics across the globe. FPP fluoropolymer tubing is made to precisely adhere to the stringent purity standards of the semiconductor industry. Further, owing to the flawless surface, superior insulating qualities, and thermal resilience, Parflex fluoropolymer tubing is frequently utilized in semiconductor applications, which is predicted to present the potential for market expansion over the projected period.