Extruded Tubes Market: An Overview
Extruded tubes are used for large range of applications such as drug delivery, heating & cooling, bulk disposable tubing in end use industries such as medical, automotive, electronics and electrical, building & construction among others. Each industry has a unique way of using the extruded tubes which are highly profitable than the traditional tubes used. Usage of extruded tubes gives extra strength and stability to the building structures during construction. Medical sector has taken quite a turn with implementation of extruded tubes in procedures such as drug delivery, bulk disposal of tubing or used as catheters and cannulas reducing the risk of contamination and creating a germ free environment. These tubes have thermal, mechanical and chemical properties providing a unique perspective of usage to medical professionals. Simultaneously a rapid growth in medical sectors of BRICS nation can be seen due to large expenditure by governments to improve the quality of life. Usage of extruded tubes in heating and cooling systems such as air-conditioners, heaters, refrigerators has indirectly effected the demand of extruded tubes. These factors will exponentially rise the sales of extruded tubes market in the forecast period.
Extruded Tubes Market: Dynamics
The demand of extruded tubes has increased in previous years due to its multi-functionality in different industries across globe. From being used as a building component to drug delivery systems, extruded tubes have wide range of applications. Silicone is the best extruded tube material for the medical sector due to its flexibility, high tear & tensile strength and most importantly resistance towards chemicals, extreme temperatures. They have replaced the traditional plastic extruded tubes and continue to grow across different regions. Fastest growing economies such as Brazil, India, South Africa have seen a rapid growth in medical, electronic & electrical, building & construction sectors. Thus impacting a positive growth for extruded tubes in forecast period. The low cost of extruded tubes has proven to be highly beneficial for manufacturers in heating & cooling systems, drug delivery systems and engine manufacturing. Most importantly using extruded tubes have decreased the usage of raw materials in manufacturing process due to its hollow nature. Restraints caused by regulatory boards over usage of extruded tubes to avoid biocompatibility and technical issues has caused a setback particularly in medical sector. Though this restraint has divulged manufacturers in producing eco-friendly and biodegradable product, which has increased the sales of extruded tubes. All these factors will cause a momentarily rise in demand for extruded tubes in future years.
Extruded Tubes Market: Segmentation
Based on material, the extruded tubes market is segmented into:
Based on structure, the extruded tubes market is segmented into:
- Balloon Tubing
- Heat-shrink tubing
Based on application, the extruded tubes market is segmented into:
- Drug Delivery Systems
- Bulk Disposal Tubing
- Cooling Systems
- Heating Systems
- Catheters and Cannulas
Based on end-use industry, the extruded tubes market is segmented into:
- Electronic and Electricals
- Building and Construction
Extruded Tubes Market: Regional Outlook
Asia Pacific is expected to lead the global share and experience a surge in demand for extruded tubes due to the expanding and growing usage in medical, automobiles, building and construction sectors along with an increasing number of institutional demands. Escalating the number of applications includes residential, commercial, institutional and public domains which will boost the demand for extruded tubes in APAC. Apart from this increase in the application of extruded tubes in the electronics and electronics sector will also supplement the market growth. The increasing development of medical and retail industries, in North America and Europe will lead to the demand for extruded tubes. Moreover, the Latin America and MEA region are anticipated to offer an augmented rise in growth opportunities for extruded tubes market with the overall development of various end-use industries especially in building and construction in these regions.
Extruded Tubes Market: Key Players
Some of the global extruded tubes manufacturers: -
- Saint-Gobain Performance Plastics
- RAUMEDIC AG
- Zeus Industrial Products
- Putnam Plastics
Some of the APAC extruded tubes manufacturers: -
- Pla Giken Co. Ltd.
- I.TA Plastics Tubes Co. Ltd.
- Zhejaing Kangsheng Co. Ltd.
- Tonk & Associates Pvt. Ltd.
- A N Rubber Industries
Regional Analysis Includes:
- North America
- Latin America
- Middle East & Africa (MEA)
- Asia Pacific (APAC)
The report extruded tubes market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on extruded tubes market segments and geographies.
- A detailed overview of the parent market
- Changing extruded tubes market dynamics in the industry
- In-depth extruded tubes market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the extruded tubes market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.