Research Nester published a report titled “Fluoropolymer Tubing Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global fluoropolymer tubing market in terms of market segmentation by material, application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global fluoropolymer tubing market is estimated to occupy a large amount of revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2031, ascribing to the increasing use of the product in electrical & electronics, transportation and pharmaceutical industries worldwide. Along with this, high need for lightweight materials in the automobile industries, and escalating healthcare expenditure in developing countries are also expected to accelerate the growth of the market in the forthcoming years.
The market is segmented by material, application and end user. Based on material, the FEP segment is anticipated to acquire the largest share during the forecast period on the back of the high stiffness and increase in working pressure offered by FEP pipes. Additionally, by application, the pipe segment is projected to grab the largest share over the forecast period attributing to the increasing usage of pipes in petrochemicals, chemicals and pharmaceutical industries for handling volatile and corrosive solvents.
Geographically, the global fluoropolymer tubing market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to witness noteworthy growth in the market during the forecast period attributing to the surging urbanization and industrialization in the region. Moreover, the market in North America is assessed to acquire the largest share over the forecast period ascribing to the rising use of the product in the aviation industry, and strong presence of prominent market players in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Use of the Product in Several End User Industries Worldwide to Drive Market Growth
Fluoropolymer tubing is widely being used in several end user industries, such as electrical & electronics, industrial processing, and pharmaceutical, owing to its benefits, which include high heat resistance, low weight and exceptional dimensional stability. In addition, fluoropolymers can withstand aggressive application conditions under a broad range of temperatures. This in turn is predicted to drive significant growth to the market in the near future.
However, high cost of the product is expected to operate as key restraint to the growth of the global fluoropolymer tubing market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global fluoropolymer tubing market which includes company profiling of 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., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global fluoropolymer tubing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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