Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 660 Million | USD 968 Million | 4.90% | 2022 |
FrequentlyAsked Questions
PTFE hose comprises a smooth or convoluted polytetrafluoroethylene (PTFE) tube liner and single or double outer braid, generally based on stainless steel, polypropylene, bronze, etc. PTFE is a synthetic fluoropolymer of tetrafluoroethylene.
The global PTFE hoses market cap may grow owing to the rising demand from the automotive industry, across the globe. Significant growth opportunities can be expected due to the development & increasing usage of PTFE hoses in biopharmaceutical sectors.
According to study, the global PTFE hoses market size was worth around USD 660 million in 2022 and is predicted to grow to around USD 968 million by 2030.
The CAGR value of the PTFE hoses market is expected to be around 4.90% during 2023-2030.
The global PTFE hoses market growth is expected to be driven by Asia Pacific. It is currently the world’s highest revenue-generating market owing to the presence of a huge footprint of end-user industries such as aerospace, automotive & heavy machinery, petrochemical, and others.
The global PTFE hoses market is led by players like Crane ChemPharma & Energy, Eaton, Flexotech, Gates Corporation, Graco Inc., HANSA-FLEX AG, Kongsberg Automotive, KURIYAMA OF AMERICA, INC. (ALFA GOMMA Spa), Kurt Manufacturing, Metline Industries, PARKER HANNIFIN CORP, Polyhose, PTFEFLEX, Saint-Gobain, Sanipure Water Systems, Swagelok Company, Titeflex, Transfer Oil S.p.A., Unigasket S.r.l., Watson-Marlow Fluid Technology Solutions (Aflex Hose), and Xtraflex BV.
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