PUBLISHER: Market Research Future | PRODUCT CODE: 1555573
PUBLISHER: Market Research Future | PRODUCT CODE: 1555573
Global Fluoropolymer (PTFE) Lined Pipes & Fittings Market Research Report Information by Product Type (Lined Pipes and Lined Fittings), by Diameter Range (Small Diameter (Less Than 2 Inches), Medium Diameter (2 Inches To 8 Inches), and Large Diameter (Above 8 Inches)), by Material (Virgin PTFE, Modified PTFE, Expanded PTFE), by Pressure Rating (Low Pressure (Up To 150 Psi), Medium Pressure (150 Psi To 300 Psi), and High Pressure (Above 300 Psi)), by Process Type (Paste Extrusion, Ram Extrusion, Isostatic Molding, Compression Molding, Others), by Application (Chemical Processing, Pharmaceuticals, Food & Beverage, Water Treatment, Oil & Gas, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Market Forecast Till 2032
In 2023, the market for fluoropolymer (PTFE) lined pipes and fittings was estimated to be worth USD 2,047.1 million. The industry for fluoropolymer (PTFE) lined pipes and fittings is expected to expand at a compound annual growth rate (CAGR) of 4.5% between 2024 and 2032, from USD 2,139.2 million in 2024 to USD 3,045.1 million.
The Fluoropolymer (PTFE) Lined Pipes & Fittings Market is being driven by the rising requirement for corrosion-resistant piping solutions across many industries, growth in international trade volumes, and technological advancements in the product line.
Influencing the fluoropolymer lined pipes and fittings market is the growing need for corrosion-resistant piping solutions in a variety of industries. Fluoropolymers are being used more often to line pipes and fittings because of their special qualities, which include great chemical resistance, reduced friction, and excellent temperature stability. These lined pipes are very helpful in the chemical, pharmaceutical, and oil and gas industries, as well as other businesses that frequently transport corrosive products. For example, highly reactive and corrosive chemicals are commonly employed in the chemical industry. Conventional metal pipes deteriorate with time, resulting in contamination, leaks, and expensive maintenance downtime.
Insights on Market Segments
The global Fluoropolymer (PTFE) Lined Pipes & Fittings market is divided into two segments based on product type: lined pipes and lined fittings.
The market is divided into small diameter (less than 2 inches), medium diameter (2 to 8 inches), and big diameter (beyond 8 inches) segments based on the diameter range.
The market is divided into three segments based on the material: expanded PTFE, modified PTFE, and virgin PTFE.
Global Fluoropolymer (PTFE) Lined Pipes & Fittings market is divided into three segments based on pressure rating: low pressure (up to 150 psi), medium pressure (150 psi to 300 psi), and high pressure (above 300 psi).
The market is divided into segments according to the type of method used, including compression molding, isostatic molding, ram extrusion, paste extrusion, and others.
Chemical processing, pharmaceuticals, food and beverage, water treatment, oil and gas, and other industries are included in the market's application segment.
Regional Perspectives
The report offers market insights by region for the following regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific Fluoropolymer (PTFE) Lined Pipes & Fittings Market held the most market share in 2023 and is anticipated to increase at a notable compound annual growth rate (CAGR) throughout the course of the study. Significant industrial growth has occurred in the Asia-Pacific region, particularly in developing nations like China, India, and Southeast Asia. These nations are investing heavily in expanding their industrial sectors, which include manufacturing of food and beverages, chemicals, pharmaceuticals, and oil and gas.
Furthermore, the market for fluoropolymer (PTFE) lined pipes and fittings is second largest in North America. There are certain strict regulations in North America, particularly in the food and beverage, pharmaceutical, and chemical processing industries.
Furthermore, the market for fluoropolymer (PTFE) lined pipes and fittings in Europe has expanded dramatically in recent years. Because European nations have rigorous legislation regarding the handling of chemicals, countries like Germany and France are likely to play a major role in the development of the market.
Principal Players
The leading companies in the market are, among others, Suflon Industries, Arconi S.A., UNP Polyvalves, Baum Lined Piping GMBH, CRP, Mersen, Faab Industries, Sigma Polymers Engineering Company, and Bonde LPS GMBH & CO. KG.