Press release
Ethylene Tetrafluoroethylene (ETFE) Market is expected to expand at an encouraging CAGR of over 7.5% during the forecast period 2017-2023
Ethylene Tetrafluoroethylene (ETFE) Market
Key Players and Competition 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).
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Segmentation Analysis
The global ethylene tetrafluoroethylene (ETFE) market is segmented into technology, product type, application, and end-user industry. Based on the technology, the market is segmented into ETFE extrusion molding and ETFE injection molding. Based on the product type, the global ethylene tetrafluoroethylene (ETFE) market is segmented into ETFE Granule and ETFE powder. Based on the application, the market is segregated into film & sheets, wire & cable, coatings, tubes, and others. Based on the end-use industry, the market is further segmented into automotive, building & construction, nuclear, aerospace, chemicals, and others.
Regional Analysis
The ethylene tetrafluoroethylene (ETFE) market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific is the fastest growing market and is anticipated to show an expanding CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the demand for ethylene tetrafluoroethylene (ETFE) in the developing economies of Asia Pacific region.
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Moreover, the presence of cheap labor along with encouraging government regulations such as tax benefits and incentive has resulted in the shifting of manufacturing units to the region, hence, augmenting the demand form the end-use industries. China, India, and Japan are the largest consumers of ethylene tetrafluoroethylene (ETFE) in this region.
North America is anticipated to be the largest region in the market for ethylene tetrafluoroethylene (ETFE). The high adoption rate in the end use industries such as construction, automobile among others is significantly driving the market growth. Moreover, the new construction schemes in the U.S. and Canada such as New Building Canada Trust is further expected to fuel the use of ETFE in modern residential and commercial buildings.
Market Scope
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.
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.
Browse the market data and information spread across 137 pages with 59 data tables and 15 figures of the report “Ethylene Tetrafluoroethylene (ETFE) Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/ethylene-tetrafluoroethylene-etfe-market-5700
Industry News
March 19, 2018 Market Research Future Published a Half-Cooked Research Report on Global Ethylene Tetrafluoroethylene (ETFE) Research Report.
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