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Ethylene Tetrafluoroethylene Market 2018 | Global Analysis, Industry Growth, Current Trends and Forecast till 2023
Synopsis of Ethylene Tetrafluoroethylene (ETFE) MarketEthylene tetrafluoroethylene ETFE is a type of fluorine-based plastic that possesses qualities such as high tensile strength, corrosion resistance, and high thermal stability. ETFE has relatively less coefficient of friction. Therefore, it is used for in applications that require protection from abrasion. These fluorine-based plastics have high-temperature resistivity that makes them suitable for many applications such as aerospace, medical, and nuclear among others. ETFE is also used in the automobile industry in brake sensors, oxygen sensors, anti-braking systems, and seat heating systems.
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Moreover, ethylene tetrafluoroethylene ETFE is also used as wire coatings in the aviation and aerospace industry owing to its high mechanical strength and enhanced radiation resistance. The increasing demand from the end use industries is the key factor driving the growth of the global ethylene tetrafluoroethylene (ETFE) market. The developing industries mainly in the economies across the globe are expected to boost the market growth during the forecast period. The global ethylene tetrafluoroethylene (ETFE) market is expected to expand at an encouraging CAGR of over 7.5% during the forecast period.
Key Players
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).
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
Ethylene tetrafluoroethylene (ETFE) market manufacturers
Traders and Distributors of Ethylene tetrafluoroethylene (ETFE) market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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Among the various product type in ethylene tetrafluoroethylene (ETFE) market, the grinding wheel is the leading segment of the market and is anticipated to continue its dominance over the forecast period. This growth is attributed to the increasing demand for grinding wheel due to its excellent properties such as tensile strength, speed, efficiency, and productivity among others. They are extensively used in the manufacturing of machinery, automotive components and electrical and electronic components. Among the various product segment, the ETFE granule segment is the dominant one and is expected to retain its dominance during the forecast period. On the basis of the application, the film and sheet are anticipated to be the largest segment during the review period.
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