Polyimide Tubing Market Size, Share, Growth, and Industry Growth by Type (Seamless Tubing and Spiral Wound Tubing), By Application (Medical, Electronic, and Others) Regional Forecast to 2028

REPORT OVERVIEW

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The global polyimide tubing market size was USD 345.3 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with polyimide tubing experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 446.4 million by 2028, exhibiting a CAGR of 3.7% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Polyimide tubing is a type of plastic tube. They are extensively used for medical and electronic components. It has excellent resistance to radiation, chemicals, and heat. They are commonly solid in form. They are lightweight and flexible. Further, it has thermal stability, tensile strength, and chemical resistance. These features make the material ideal for high-performance in medical applications.

Growing demand for medical applications is estimated to accelerate market growth. Rising awareness about product development for medical consumables is predicted to surge market growth. Increasing number of chronic diseases is anticipated to accelerate product demand. Increasing need for disposable medical devices is projected to drive market expansion. Growing demand for electronic applications is predicted to propel market growth. Growing income levels among the population are projected to drive market growth. Rapid industrialization and urbanization are anticipated to accelerate market expansion.

COVID-19 Impact: Growing Demand for Medical Applications During Pandemic to Incite Market Development

During pandemic, the market witnessed positive growth due to increasing demand for medical applications. Growing number of coronavirus cases boosted product demand. Increasing need to reduce diabetes cases is anticipated to fuel market growth. The higher need for medical facilities during pandemic fueled market expansion. Growing need for a strong healthcare sector during pandemic accelerated market growth.

On the contrary, lockdown restriction and social distance protocols hampered production activities. Lack of employee or workers during pandemic is anticipated to reduce market growth.

LATEST TRENDS

"Growth in Medical Sector to Foster Market Progress "

Increasing demand from medical sector is anticipated to surge market growth. Growing demand from patients who have diabetes is projected to drive market expansion. Increasing need to reduce the risk of diabetic neuropathy is estimated to accelerate market development. Higher need for medical equipment is anticipated to stimulate product demand. The material has strong resistance to radiation which is projected to drive market growth. Increasing chronic diseases is expected to boost product adoption during the forecast period. Increasing need for disposable medical devices is anticipated to propel market expansion. Rising need for quick access to healthcare services is estimated to accelerate market growth. Growing frequency of mechanical headways, and urinary problems among population is anticipated to stimulate polyimide tubing market development. Increasing number of population suffering from cardiovascular and neurological diseases is projected to boost product demand. Growing geriatric population and increasing demand for strong immunity are expected to propel market expansion.

SEGMENTATION

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• By Type

Based on type, the market is divided into seamless tubing and spiral wound tubing.

Spiral wound tubing is expected to be the leading part of segmentation type.

• By Application

Based on the application, the market is divided into medical, electronic, and others.

Medical is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Growth in Electronic Industry to Incite Market Evolution  "

Increasing demand from electronic industry is estimated to accelerate market growth. The device is ideal for electronics applications due to its lightweight and flexibility. Further, it offers excellent thermal stability and chemical resistance. Such features of the material are predicted to surge polyimide tubing market development. The product has good resistance to solvents such as acetone and ethers, which is projected to drive market growth. Growing need for high-performance stability during the semiconductor manufacturing process is anticipated to accelerate market growth. Rapid industrialization and urbanization are predicted to accelerate market growth during the forecast period.

"Multiple Benefits Associated with Product to Propel Market Growth "

Growing awareness about the benefits of polyimide tubes is estimated to accelerate market growth. The product has excellent thermal stability, which is anticipated to boost product adoption in medical applications. It is lightweight and resistant to heat which is projected to propel market growth. Further, the product has strong mechanical strength at high temperature which is projected to drive market growth during the forecast period. The material has torque transmission, which is estimated to fuel market development. Further, the material is available in different colors is projected to drive polyimide tubing market expansion. Increasing need for chemical inertia and kink resistance is predicted to drive market growth.

RESTRAINING FACTORS

"Lack of chemical Internes associated with Product to Reduce Market Growth "

Lack of c chemical Internes associated with the product is estimated to hamper market growth. In addition, the product has low water resistance anticipated to hinder product demand during the forecast period. High product costs and political instability are expected to restrict market growth.

REGIONAL INSIGHTS

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"Presence of Electronic Industry in North America to Drive Market Share "

North America is estimated to dominate largest polyimide tubing market share due to presence of electronic industry. Increasing disposable income in the region is expected to accelerate market growth. Growing need for easy access to healthcare services is predicted to fuel market growth. Rapid industrialization and urbanization are projected to drive market growth. Increasing need for high-performance electronic applications is predicted to accelerate product demand. Presence of major market players in the region is anticipated to accelerate product demand.

Asia Pacific is estimated to show considerable market growth due to rising awareness about product development for medical consumables. Growing demand for electronic applications is predicted to propel market growth. Growing income levels among the population are projected to drive market growth. Rapid industrialization and urbanization are estimated to surge market growth. Rising disposable income among the population is projected to drive polyimide tubing market growth. 

Europe is anticipated to show significant market growth due to the presence of medical sector. Growing need for easy medical applications is anticipated to surge market growth during the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

"List of Market Players Profiled"

• Furukawa Electric (Japan)
• MicroLumen (U.S.)
• Nordson MEDICAL (U.S.)
• HPC Medical Products (U.S.)
• Putnam Plastics (U.S.)
• Elektrisola (Germany)
• Zeus (MWC Technologies) (U.S.)
• Shenzhen D. Soar Green (China)
• Huizhou Fusheng Insulation Materials (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.