Report Id: SNS/C&M/1978 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Fluoropolymer Tubing Market Size was valued at USD 527 million in 2021, and is expected to reach USD 761.54 million by 2028, and grow at a CAGR of 5.4% over the forecast period 2022-2028.
Fluoropolymer tubes are made from materials that don't react. These tubes can be used in a lot of different ways and have their own special qualities. Different types of fluoropolymer are used for different things because they have different benefits.Fluoropolymer tubes have a high tensile strength, are resistant to chemicals and friction, and can be used in a wide range of temperatures.
Fluoropolymer tubes are used in the medical, semiconductor, energy, fluid management, chemical processing, general industrial, automotive, and aerospace industries. Fluoropolymer tubing is used for applications that are more important, low-pressure, or medium-pressure.
Increase in Number of Older People
Fluoropolymer tubing is being used more and more in the solar industry.
Electric cars are becoming more popular (Evs)
High growth in industries that use the goods
Industrialization in Asia-Pacific
Fluoropolymers are more expensive than most other materials.
Putting more money into health care in emerging economies
Emerging Market for Melt Extrusion
Policies that are hard to follow and take a lot of time
High-Performance Fluoropolymers Are Hard to Work With
China's low-cost suppliers give us a lot of trouble.
Impact of Covid-19:
COVID-19 has hurt the production and factory operations of many end-use industries, including automotive, electronics, aerospace, and others. Some of the best manufacturers, like TE Connectivity, have had trouble with their suppliers, distributors, and customers. Fluoropolymer tubing manufacturers were also affected by changes in customer orders and cancellations caused by the pandemic and problems with the supply chain. Major market players are reducing the risk by putting a lot of attention on local management and market opportunities.
Due to the pandemic, TE Connectivity's sales of fluoropolymer tubing products, which are part of its transportation solution business segment, fell by 12.5% in 2020. In 2020, PARKER HANNIFIN CORP had to deal with cancellations of shipments and disagreements over the terms of contracts, as well as weak demand from industries that would use its products. Also, changes in contract costs and changes in the prices of raw materials have caused problems for the company. During the COVID-19 pandemic, the company's diversified industrial business saw its sales drop by 11%. This was because the way businesses work changed.
Daikin Industries Ltd., Solvay SA, Fluorotherm, Dupont De Nemours, Saint-Gobain, Optinova TE Connectivity, 3M Company, Honeywell International Inc., Parker Hannifin, Ametek, Swagelok
Oil & gas
The fluoropolymer tubing market can be broken down by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
During the next few years, Asia-Pacific is expected to have the largest share of the global fluoropolymer tubing market, followed by North America and Europe. In recent years, the auto industry has grown quickly, especially in Asia and the Pacific. The growth of the automobile industry is mostly due to four things: bettering infrastructure, improving social and economic trends, rising disposable income, and rapid urbanisation. Raw materials make up more than 45 percent of the total cost of making a car.
In the past few years, factories that make fluoropolymer tubing have moved from Europe to Asia-Pacific, especially China and India. This is because fluoropolymer tubing is used for many things, including transportation, mining equipment, and medical equipment. Asia-Pacific is now the biggest market for fluoropolymer tubing. This is because there is a lot of cheap labour, helpful government policies, and a lot of natural resources there. The rise in population and income per person, as well as changes in lifestyles in the region, are also major factors in the growth of these applications. The rise in middle-class families' disposable income has made more people want to buy cars. The demand for fluoropolymer tubing in Asia Pacific is also likely to be driven by the spread of electric vehicles in the region.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 527 Million|
|Market Size by 2028||US$ 761.54 Million|
|CAGR||CAGR of 5.4% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Material (PTFE, FE,PFA, ETFE, PVDF, Others)
• By Application (Medical, Semiconductor, Energy, Oil & gas, Aerospace, Automotive, Fluid Management, General Industrial, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Daikin Industries Ltd., Solvay SA, Fluorotherm, Dupont De Nemours, Saint-Gobain, Optinova TE Connectivity, 3M Company, Honeywell International Inc., Parker Hannifin, Ametek, Swagelok|
|DRIVERS||• Increase in Number of Older People
• Fluoropolymer tubing is being used more and more in the solar industry.
• Electric cars are becoming more popular (Evs)
|Restraints||• Fluoropolymers are more expensive than most other materials.
• Environmental Sustainability
Frequently Asked Questions (FAQ) :
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Fluoropolymers are more expensive than most other materials and Environmental Sustainability are the restraints for Fluoropolymer Tubing Market.
Ans: Fluoropolymer tubes are used in the medical, semiconductor, energy, fluid management, chemical processing, general industrial, automotive, and aerospace industries. Fluoropolymer tubing is used for applications that are more important, low-pressure, or medium-pressure.
Ans: Fluoropolymer Tubing Market Size was valued at USD 527 million in 2021, and expected to reach USD 761.54 million by 2028, and grow at a CAGR of 5.4 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fluoropolymer Tubing Market Segment, By Material
9.Fluoropolymer Tubing Market Segment, By Application
9.4 Oil & gas
9.7 Fluid Management
9.8 General Industrial
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Daikin Industries Ltd.
11.3 Solvay SA
11.5 Dupont De Nemours
11.7 Optinova TE Connectivity
11.8 3M Company
11.9 Honeywell International Inc.
11.10 Parker Hannifin
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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