Fluoropolymer Tubing Market Trends

  • Report ID: 3879
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Fluoropolymer Tubing Market Trends

Growth Drivers

  • Surging Demand for Electronics – An increase in the market for electronic devices is the result of more people using telecommuting for work, school, and pleasure, anticipated to drive the market growth. The usage of fluoropolymer tube materials, particularly PTFE, FEP, and PFA, is widespread in electrical and electronic industries. Further, fluoropolymer tubing can provide electrical insulation since it is a great insulator. As of 2021, market for consumer electronics and appliances, including cellphones, washing machines, and smart wearable devices, expanded by over 5% in India.
  • Rising Automotive Sector – Rising production of passenger cars, trucks, buses, and other commercial vehicles across the globe is estimated to drive market growth. As of 2021, the global sales of passenger vehicles increased by more than 2, 00,000 units.
  • Growing Aviation Industry – On the account of rising middle class population and disposable incomes, the market is expected to expand more in the upcoming years. More than 30% of all aircraft deliveries worldwide are made in the Asia-Pacific region.
  • Increasing Industrialization in Developing Countries –In December 2022, India's industrial production climbed over 4% compared to the previous year.

Challenges

  • Exorbitant Cost of Fluoropolymers - The increasing concern is associated with the requirement of high investment in production of fluoropolymers tubing is one of the major factors predicted to slow down the market growth. For instance, producing fluoropolymers is a complicated, and costly process, which increases the price of end products such as fluoropolymers tubing.
  • Lack of Ability to Maintain Needed Temperatures Has an Impact on the Quality
  • Lack of knowledgeable Compounders to Process Fluoropolymer

Fluoropolymer Tubing Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.7%

Base Year Market Size (2024)

USD 587.66 million

Forecast Year Market Size (2037)

USD 1.33 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3879
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fluoropolymer tubing is estimated at USD 618.69 million.

The 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. Rising automotive sector and the growing aviation industry will boost the market growth.

Asia Pacific industry is anticipated to account for 35% revenue share by 2037, attributed to increasing automobile industry in the region.

The major players in the market include 3M Company, The Chemours Company, Kureha Corporation, Daikin Industries, Ltd., Honeywell International, Inc., Teleflex Inc., Arkema SA, Asahi Glass Company Limited, Compagnie de Saint-Gobain S.A., Zeus Industrial Products, Inc.
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