Chemicals and Advanced Materials

Fluoropolymer Tubing Market Segmentation by Material (PTFE, PVDF, FEP, PFA, and ETFE); by Application (Film, Tube, Sheet, Pipe, Membrane, Sealant, Roofing, Additives, and Others); and by End User (Chemical Processing, Automotive, Electrical & Electronics, Construction, Industrial Equipment, Pharmaceutical, Household, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • February 2021- The Chemours Company announced that it divided its former Fluoroproducts segment into two new reportable segments: Thermal & Specialized Solutions ("TSS", formerly Fluorochemicals) and Advanced Performance Materials ("APM", formerly Fluoropolymers), during the fourth quarter of 2020.

  • February 2021- Arkema declared that it will invest to further increase its fluoropolymer production capacities in Changshu by 35% in 2022.

Fluoropolymer Tubing Market
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Chemicals (% of Value Added in Manufacturing)

Key Questions Answered in the Report

1) What are the major factors driving the growth of the fluoropolymer tubing market?

Ans: The major factors driving market growth owing to the growing usage of the product in several industry verticals, and high need for lightweight materials in the automobile industry.

2) What would be the CAGR of fluoropolymer tubing market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022-2031.

3) What are the challenges affecting the fluoropolymer tubing market growth?

Ans: High cost of fluoropolymers is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of fluoropolymer tubing market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the rapidly rising rate of urbanization and industrialization in the region.

5) Who are the major players dominating the fluoropolymer tubing market?

Ans: The major players in the market are 3M Company, The Chemours Company, Kureha Corporation, Daikin Industries, Ltd., Honeywell International, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fluoropolymer tubing market?

Ans: The market is segmented by material, application, end user, and by region.

8) Which segment captures the largest market size in the material segment in the fluoropolymer tubing market?

Ans: The FEP segment is anticipated to hold largest market size and is estimated grow at a notable CAGR over the forecast period and display significant growth opportunities.

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