Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast to 2025

Posted by Pooja on December 26th, 2019

Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Ethylene Tetrafluoroethylene (ETFE) Market, 2025. 

Ethylene Tetrafluoroethylene (ETFE) is used in various end-user industries such as automobile, building and construction, aerospace, and chemicals among others. The growing demand from the developing economies across the globe is a key factor driving the global market for Ethylene Tetrafluoroethylene (ETFE).  Moreover, the growing government investments in the infrastructural development have further augmented the demand for ETFE films. Among the various applications, sheet and films are the dominant segments and are expected to show the same trend during the forecast years.

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Ethylene Tetrafluoroethylene (ETFE) Market Market  - Competitive Analysis

Some of the prominent players operating in the Global ethylene tetrafluoroethylene (ETFE) market are DuPont (U.S.), Daikin Industries Ltd. (Japan), 3M (Germany), Asahi Glass Company (Japan), Quadrant AG (Switzerland), Guangzhou Lichang Fluoroplastics Co.,Ltd (China), Ensinger GmbH (Germany), and Hubei Everflon Polymer Co.,Ltd (China).

Ethylene Tetrafluoroethylene (ETFE) Market Scenario

Among the various product segment, the granular segment holds the major share of the market and is expected to show the same trend during the forecast period. ETFE granular is anticipated to hold a market share of above 60% during the review period, 2017-2023. The growing investment in the infrastructural developed and aerospace industry is expected to contribute to the growth of the segment positively. On the basis of the application, sheets and films are dominating the global market.  The properties of the ETFE films and sheets such as heat resistance, chemical resistance, adhesiveness, and optical transparency among others makes them suitable for the use in aircraft, automobile, and packaging among others.

Ethylene Tetrafluoroethylene (ETFE) Market Regional Analysis

The global Ethylene Tetrafluoroethylene (ETFE) market is spanned across five key regions: Europe Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, North America is anticipated to be the largest market during the forecast period. The growing adoption in the building and construction sector is driving the market growth in the region. The Asia Pacific market is expected to grow at the highest CAGR during the review period. The growing gross domestic product in the region has augmented the demand in the automobile sector, which is affecting the market growth positively. Ethylene Tetrafluoroethylene (ETFE) is extensively used in brake sensors, anti-braking systems, engine sensors, and seat heating systems among others.

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Pooja

About the Author

Pooja
Joined: December 19th, 2019
Articles Posted: 18

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