Fluoropolymer Tubing Industry - Regional Synopsis
APAC Market Statistics
The Asian Pacific fluoropolymer tubing market, amongst the market in all the other regions, is projected to hold the largest market share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing automobile industry in the region. For instance, the rise in working people's disposable income has resulted in more demand for vehicles. Further, the market's adoption of electric automobiles, are also anticipated to contribute to the market growth in the region. Further, fluoropolymers are utilized in many different vehicle components, including pillars, rocker panels, bodyside moulding, front and rear bumpers, roofing strips, and mirror housing. For insulation and cabling, fluoropolymers are widely utilized in automotive electrical systems. Temperature resistance is vital to preventing overheating and even fires since wires and cables are also coming into touch with greater temperatures. Parts are sealed by fluoropolymer tubing, which shields them from harmful substances and high temperatures that may impair their functionality. As per estimates, China's automotive sector manufactured over 21 million passenger automobiles in 2021.
North American Market Forecast
The North American fluoropolymer tubing market, amongst the market in all the other regions, is projected to hold the second largest share of about 24% during the forecast period. The growth of the market can be attributed majorly to the growing aviation sector in the region. For instance, the market expansion has been aided by the significant presence of major aircraft original equipment manufacturers. Fluoropolymer is necessary for a variety of aviation applications, which will increase demand for the product in the area. Complex wire harnesses, engine compartments, and the whole fuselage of the aircraft's main body can all employ fluoropolymer tubing. Furthermore, fluoropolymer tubing's capacity to withstand wide temperature changes and guard against damage from corrosive chemical fuels is important for the aircraft industry.
Europe Market Forecast
Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing auto production in the region. For instance, there has been rapid increase in the production of passenger cars owing to strong domestic demand. Fluoropolymer materials are employed in a number of automotive applications, from tubing to gas sample bags, they increase the durability by lengthening component lives. They are also utilized in the fuel system for the fuel pipe and other components to shield against evaporative vapors. As of 2021, more than 9 million passenger cars were made in the European Union.
