Reports and Insights (R&I) has published a new report titled, “Ethylene Tetrafluoroethylene (ETFE) Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Ethylene Tetrafluoroethylene (ETFE) Market, By Type (Pellet/Granule, Powder), By Technology (Extrusion, Injection, Others (Rotational Molding, Electrostatic Spraying/Fluid Dip Coating, and Blow Molding)), By Application (Films & Sheets, Wire & Cables, Tubes, Coatings, Others (Membranes and Foams)), By End-Use Industry (Automotive, Building and Construction, Aerospace, Electrical & Electronics, Films, Medical), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The ethylene tetrafluoroethylene (ETFE) market size was valued at US$ 467.6 Mn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2020 to 2028.
Ethylene Tetrafluoroethylene, usually pertained to as ETFE, can be perceived as a form of fluoropolymer. Ethylene Tetrafluoroethylene is basically a prurient plastic with low collusive of friction, owing to which it finds applications in the domain of attrition protection. In manufacturing of ETFE, the monomer tetrafluoroethylene is transfigured into polymer ethylene tetrafluoroethylene via the process of polymerization as well as does not include use of any kind of solution.
In further treatment, the material is extruded to fluctuating densities based on applications. The capability to persist excessive temperatures and rough environments makes ethylene tetrafluoroethylene a commendable option for several applications such as aerospace, medical, nuclear and instrumentation industries. Owing to which, the ethylene tetrafluoroethylene (ETFE) market is projected to grow substantially in the years to come.
In addition to that, the rapidly evolving automotive industry in the present times is further contributing to the rising demand of ETFE as they find applications in seat heating systems, ABS braking systems, oxygen sensors, and brake wear sensors.
Moreover, it also offers an enduring coating material that smoothly slides over fiber optics without inducing harm and therefore, is comprehensively employed in the chemicals industry. Attributing to which, the global ethylene tetrafluoroethylene (ETFE) market is expected to witness major breakthroughs in the near future.
On top of that, owing to characteristics including high mechanical ruggedness and resilience to high-energy radiation it is utilized for wire coverings in the aviation and aerospace industries. Thus, the global ethylene tetrafluoroethylene (ETFE) market is estimated to witness significant growth in the coming years.
R&I Study identifies some of the key participating players in the ethylene tetrafluoroethylene (ETFE) market globally are Asahi Glass Company, Daikin Industries, The Chemours Company, 3M, Quadrant, Guangzhou LiChang Fluoroplastics, Hubei Everflon Polymer, Ensinger, Vector Foiltec, DowDupont, Ensinger, Halopolymer OJSC, Li Chang Technology Co., Ltd., Saint-Gobain Performance Plastics, Solvay, and Zeus Industrial Products Inc., among others.
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