Global Fluoropolymer Tubing Market - 2021-2028

Global Fluoropolymer Tubing Market - 2021-2028

Market Overview

The global fluoropolymer tubing market reached US$ XX million in 2020 and is expected to reach US$ XX million by 2028, growing at a CAGR of XX% during the forecast period 2021-2028.

Fluoropolymer tubing is made from fluorocarbon polymers, which include carbon-fluorine molecular bonds. Due to the presence of an electronegative fluoride ion in the fluoropolymer, fluoropolymer tubing is non-sticky. Fluoropolymer tubing is divided into Fluorinated ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polychlorotrifluoro-ethylene (PCTFE), Polyvinylidene fluoride (PVDF) and others based on the raw materials' chemical properties.

Fluoropolymer tubing offers properties such as chemical inertness, high-temperature resilience, galling resistance, abrasion resistance, low friction coefficients, excellent dielectric properties and power insensitivity. Fluoropolymer tubing is in high demand and is currently used in medical, semiconductor, energy, oil and gas, aerospace, automotive and other industries.

Market Dynamics

The rapid growth of the healthcare sector and the demand for fluoropolymer tubing in the respective market act as a major market booster that drives the global fluoropolymer tubing market. However, the difficulty in manufacturing high-performance fluoropolymer tubing is expected to restrain the respective market.

The expanding healthcare sector and growing demand for fluoropolymer tubing in the respective sector

The fluoropolymers tubings find extensive applications in the healthcare sector due to their inertness, non-toxicity and biocompatibility. As a result, they find applications in medical devices, such as intravenous catheters, heating coils, instrumentation piping and containment bags. Further, fluoropolymer tubings have outstanding medicinal characteristics such as high purity, non-toxicity, biocompatibility and serializability, in addition to being inert and non-stick. Therefore these tubings are valuable assent in internal and exterior life-saving devices, such as bio-containment vessels, syringes and sutures.

For instance, PTFE tubings are particularly beneficial for medical applications such as catheter tubing and cardiac patches, reducing the risk of bacterial build-up and infection. In addition, external medical equipment, such as measuring pumps and diaphragm pumps, can also benefit from fluoropolymer tubing. The chemical resistance of fluoropolymer tubings made from PTFE and PVDF permits it to handle chemically aggressive fluids relatively easily. As a result, fluoropolymer tubings manufactured from PTFE, FEP, PFA, PVDF and ETFE are ideal for fluid distribution systems, including storage tanks, vessels, pipelines, fittings and accessories.

The global healthcare business is predicted to grow rapidly, particularly in Brazil, Russia, India, China and South Africa, because of changing customer demands, greater healthcare awareness and an aging population. The extensive growth of the healthcare sector boosts the demand for advanced medical devices, especially in emerging economies, thereby presenting numerous developmental prospects for the fluoropolymer tubing market. The advanced properties of fluoropolymer tubings, such as high purity, non-toxicity, biocompatibility and serializability, when combined with economic growth, higher government spending on healthcare facilities and increased consumer purchasing power, could boost the demand and sales of the fluoropolymer tubing market.

As a result, the rapidly expanding healthcare sector and growing demand for fluoropolymer tubing in the respective sector could be a major market driver that could elevate the market demand for fluoropolymer tubing.

Complexities involved in the manufacture of fluoropolymer tubings

The manufacture of fluoropolymer tubing is extremely difficult and complex due to a variety of factors such as:

The high technical skill and expertise necessary to blend and process high-performance fluoropolymer tubing- Since compounding of high-performance fluoropolymer is far more complex than engineering plastics or similar products, the major players in the fluoropolymer tubing market face a major issue in finding quality compounders with the required skill set.

Further, due to the complex requirements, the manufacturing processes of fluoropolymers tubings necessitate specific equipment and set-ups. For instance, the extremely high-temperature requirement for processing high-performance fluoropolymer tubings. The respective high temperature required for processing HPFs is difficult to achieve and sustain during the compounding process without complex and expensive equipment and the lack of these could affect the high-performance fluoropolymer tubing's quality.

As a result of the sophistication in terms of technical knowledge and equipment, the manufacturing process of fluoropolymer tubing is expensive and results in pricey end-products. Since the respective factors restrict the market's growth by limiting demand for fluoropolymer tubing in low-end application areas and preventing the entry of small and medium-sized businesses into the market, the complexities involved in the manufacture of fluoropolymer tubings resulting in a high cost of production and the end product could be recognized as a major market restraint.

COVID-19 Impact Analysis

Despite disruptions in the fluoropolymer tubing market's production, supply chain of raw materials and finished products and downfall of end-user segments such as automotive and aerospace, due to the growing health awareness in terms of demand for safe, advanced and eco-friendly healthcare equipment, the respected market experienced a market boom during the COVID-19 pandemic.

Further, because of changing customer needs, more healthcare knowledge and an aging population, the global healthcare industry is expected to grow fast, notably in Brazil, Russia, India, China and South Africa. The broad rise of the healthcare sector enhances the demand for innovative medical equipment, particularly in emerging nations, giving the fluoropolymer tubing market various development prospects. When economic growth, increased government spending on healthcare facilities and increased consumer purchasing power combined with the advanced properties of fluoropolymer tubings, such as high purity, non-toxicity, biocompatibility and serializability, the demand and sales for fluoropolymer tubing is expected to hike enormously in the post-COVID-19 pandemic market.

Segment Analysis

The global fluoropolymer tubing market is segmented on raw material, application and region.

The growing health awareness in terms of the demand for safe, advanced and eco-friendly healthcare equipment allows the medical sector to dominate the application segment of the market.

Based on application, the global fluoropolymer tubing market is segmented into medical, semiconductor, energy, oil & gas, aerospace, automotive, fluid management, general industries and others.

Because of the inertness, non-toxicity and biocompatibility, fluoropolymers tubings are widely used in healthcare for manufacturing intravenous catheters, heating coils, instrumentation equipment and containment bags, among other medical devices. In addition to being inert and non-stick, fluoropolymer tubings exhibit remarkable therapeutic properties such as high purity, non-toxicity, biocompatibility and serializability. As a result, these tubings play an important role in both internal and external life-saving equipment such as bio-containment vessels, syringes and sutures. PTFE tubings, for instance, are particularly useful in medical applications like catheter tubing and cardiac patches, as they reduce the possibility of bacterial build-up and infection.

When economic growth, increased government spending on healthcare facilities and increased consumer purchasing power are combined with the aforementioned advanced properties of fluoropolymer tubings, the health care sector of the global fluoropolymer tubing is expected to dominate the application segment of the global fluoropolymer tubing market.

Geographical Analysis

The humongous industrial expansion of end-user markets and demand for safety and hygiene in these market sectors allow North America to dominate the regional segment of the global industrial chemicals market

By region, Asia-Pacific dominates the market, owing to the rise in demand for fluoropolymers tubing products in the region. Large manufacturing hubs in China and India further drive the Asia-Pacific fluoropolymer tubing market, owing to the region's increased demand for high-quality medical, automotive, consumer and electronics products.

Further, the growth in domestic demand for medical devices such as diagnostic equipment, therapeutic equipment such as catheters and cardiopulmonary bypasses (CPB) and general equipment is increasing in Asia-Pacific countries such as China and Japan owing to the aging population. Fluoropolymer tubing is becoming more popular in Asia-pacific as medical technology such as real-time data monitoring and processing in diagnostic systems advances. The respective factor also boosts its market demand in the Asia-Pacific and allows it to dominate the regions' market segment.

Competitive Landscape

The global fluoropolymer tubing market is moderately active and competitive in terms of the number of global and local competitors. The market could be regarded as consolidated due to the existence of only a few key players. However, the rise of industrial segments such as healthcare, automotive and aerospace and the corresponding demand growth for fluoropolymer tubing in these end-users is expected to attract more players into the market.

Due to the need to achieve a competitive edge and recognition in the respective markets, significant market players use market techniques such as mergers, acquisitions, product launches, contributions and collaborations. The main market participants are Saint-Gobain, Optinova, TE Connectivity, Teleflex Inc, Tef-Cap Industries, Zeus Industrial Products, Fluorotherm, AMETEK, Parker Hannifin and Swagelok.

For instance, on April 23, 2019, AMETEK Fluoropolymer Products (FPP) introduced the XXP280 Heat Exchanger, the latest product in the company's heating and cooling technology for the corrosive and ultra-pure chemicals segment. The XXP280's tough design, which is entirely made of fluoropolymer, enables precise temperature control in harsh conditions where other devices fail. The honeycomb construction provides for high heat transfer rates while keeping a small dimension and high-pressure capability.

Saint-Gobain

Overview: Saint-Gobain develops, manufactures and trades materials and solutions used in construction, transportation, infrastructure and various industrial applications that address the difficulties of sustainable construction, resource efficiency and climate change while providing comfort, performance and safety. The corporation employs about 179,000 people globally and operates in 67 countries.

Product Portfolio:

PharmaFluor FEP: PharmaFluor FEP fluoropolymer tubing is used in biopharmaceutical, medical and laboratory applications because it is formulated to resist aqueous fluid absorption/adsorption, reducing the danger of fluid alteration in single and repeat applications. The chemical and physical properties of PharmaFluor FEP tubing, such as chemical and temperature inertness, are exceptional. Furthermore, the product could be cleaned frequently without reducing its service life because of its resistance to chemical sanitizers and cleansers

Key Development:

For instance, on April 13, 2018, Micro Hydraulics, an Irish-based developer and supplier of single-use fluid handling systems and components in high-performance polymers for high-purity applications in the pharmaceutical and biopharmaceutical sectors, was acquired by Saint-Gobain

Why Purchase the Report?

To visualize the global fluoropolymer tubing market segmentation by raw materials, application and region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global fluoropolymer tubing market by analyzing trends and co-development.

Excel data sheet with numerous data points of fluoropolymer tubing market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global fluoropolymer tubing market report would provide approximately 53 tables, 56 figures and almost 180 pages.

Target Audience 2022

Fluoropolymer Tubing Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies

Logistics companies

Distributors/ Suppliers