Ethylene Tetrafluoroethylene Market Insights
The Global Ethylene Tetrafluoroethylene market is expected to grow at a high CAGR during the forecast period. The market is driven by the eco-friendly nature of ETFE and its multiple applications in a number of end-use industries. Growing demand for environmentally friendly materials for use in construction, electrical coatings among others is expected to boost the demand for ETFE during the forecast period.
ETFE transmits more sound than glass and has a higher chance of getting punctured. These factors are expected to restrain growth in the ETFE market up to a certain extent.
Ethylene Tetrafluoroethylene Market: Type Insights
On the basis of drug class, the Ethylene Tetrafluoroethylene market can be classified into Pellet/Granules and Powders. The ETFE granules segment is expected to hold the largest segment in terms of revenue and volume. This growth can be attributed to extensive use of ETFE in electric wires and cables, valve lining and spray painting among others. The granular form of ETFE is also used in making wires, sheets, and films, which are in turn extensively used in end-use industries such as automotive, aerospace and architecture among others.
Ethylene Tetrafluoroethylene Market: Technology Insights
The Global Ethylene Tetrafluoroethylene (ETFE) market is segmented into Extrusion, Injection based on technology. The injection segment is projected to hold the major market share in terms of revenue and volume and is also expected to grow at the highest CAGR during the forecast period.
Ethylene Tetrafluoroethylene Market: Application Insights
Based on application, the Global Ethylene Tetrafluoroethylene market is segmented into Films & Sheets, Wires & Cables, Tubes, and Coatings among others. The films & sheets segment is expected to grow at a high CAGR and is likely to hold the largest market share in the coming years. ETFE is coming up as a suitable replacement for glass in the construction industry at a fast pace. These factors are further expected to boost growth in the wires & cables, tubes and coatings segment as well.
Ethylene Tetrafluoroethylene Market: Regional Insights
North America is expected to dominate the ETFE market during the forecast period. This growth can be attributed to increasing demand for ETFE in various end-use industries in the region. The Asia-Pacific region is expected to grow at the highest CAGR, owing to easy availability of raw material in the region. Fast growing construction industry in these emerging economies is also likely to contribute to market growth for ETFE in the region.
Ethylene Tetrafluoroethylene Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase controlled release fertilizer over the coming years. Some leading consumers of controlled release fertilizer are Walsin, General Cable, and Tata among others.
Ethylene Tetrafluoroethylene Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Ethylene Tetrafluoroethylene Market: Share & Competitor Analysis
Some of the key players operating in the Ethylene Tetrafluoroethylene (ETFE) market are Asahi Glass Company, Daikin Industries, The Chemours Company, 3M, Quadrant, Guangzhou LiChang Fluoroplastics, Hubei Everflon Polymer, Ensinger, and Vector Foiltec among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2018, ETFE-PV based cells were developed which can be used as a flexible and efficient alternative to solar cells
In October 2017, 3M used ETFE film for their cushions to protect people from prying eyes
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The global Ethylene Tetrafluoroethylene market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Ethylene Tetrafluoroethylene market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.