The
report "ETFE Market
by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection),
Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and
Region (North America, Europe, APAC, Middle East & Africa, South America) -
Global Forecast to 2023" published by MarketsandMarkets™,
Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=245782263
The ETFE
Market is projected to grow from USD 352.4 million in 2018 to USD 518.4 million
by 2023, at a CAGR of 8.0% during the forecast period. The eco-friendly and
recyclable properties of ethylene tetrafluoroethylene, increased demand for ethylene
tetrafluoroethylene in various end-use industries, and better properties
offered by ethylene tetrafluoroethylene than glass and other conventional
fluoropolymers are driving the growth of the ETFE Market across the globe.
Ethylene tetrafluoroethylene is used in various applications such as films
& sheets, wire & cables, tubes, coatings, and others due to its
lightweight. Moreover, ethylene tetrafluoroethylene can be recycled into
various other useable products. It is 100% recyclable and requires lesser
fabrication than the traditional building materials, thereby reducing CO2
emissions.
Browse 121 market data Tables and 42 Figures spread
through 130 Pages and in-depth TOC on "ETFE Market"
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Ethylene
tetrafluoroethylene is replacing glass or plastics in the building &
construction industry. It is highly transparent and hence, allows a large
amount of natural light to enter buildings, thereby creating bright and open
spaces that can emulate the outdoors. This reduces the cost of artificial
lighting and hence, resulting in energy saving. All these factors have also
resulted in a significant demand for ethylene tetrafluoroethylene.
Based
on type, the pellet/granule segment is projected to lead the ETFE Market, in
terms of both, volume and value during the forecast period.
The
pellet/granule form of ethylene tetrafluoroethylene can be both, extruded and
injected to convert it to films & sheets, wires & cables, and tubes,
which are then used by various end-use industries such as architecture,
automotive, chemical processing, and others. The excellent tear propagation
resistance and extremely high resistance to the outdoor weathering offered by
them, make ethylene tetrafluoroethylene granules suitable for the production of
architectural and other films.
Based
on technology, the injection segment of the ETFE Market is projected to grow at
the highest CAGR, in terms of both, volume and value during the forecast
period.
Ethylene
tetrafluoroethylene resins can be processed at a wide range of temperatures due
to their improved thermal stability and low melting points using the
conventional injection molding techniques. These resins are also resistant to
ultraviolet rays, making them suitable for outdoor applications. Ethylene
tetrafluoroethylene resins, which are available in the granular or powder
forms, can be molded to tubes by the injection molding process, which is used
in the automotive and medical industries.
Based
on application, the wires & cables segment of the ETFE Market is projected
to grow at the highest CAGR from 2018 to 2023, in terms of both, volume and
value.
Ethylene
tetrafluoroethylene is used as an insulation material for wires & cables
and cable jacketing. Ethylene tetrafluoroethylene-insulated wires & cables
exhibit a high level of mechanical toughness, flexibility, and abrasion
resistance. Ethylene tetrafluoroethylene insulations are commonly used in
applications, which require high mechanical strength, improved chemical
resistance, high-temperature endurance, and excellent electrical stability.
These insulations are used for medical and scientific instruments, computers,
motors, transformers, aircraft, appliances, process instrumentation, and marine
systems.
The
Asia Pacific ETFE Market is projected to grow at the highest CAGR during the
forecast period, in terms of both, volume and value.
The
growth of the Asia Pacific ETFE Market can be attributed to the easy
availability of cheap labor and economical and accessible raw materials, which
have led to significant foreign investments in the region. This, in turn, has
led to the growth of various end-use industries in the Asia Pacific region,
thereby resulting in an increased demand for ethylene tetrafluoroethylene from
the region. The growing economy of countries such as China, Indonesia, Taiwan,
and India is also attracting increased foreign investments in these countries,
thereby leading to the growth of the ETFE Market in the region.
The
key companies operating in the ETFE
Market include Asahi Glass Company (Japan), Daikin Industries (Japan), The
Chemours Company (US), 3M (US), Quadrant (Switzerland), Guangzhou LiChang
Fluoroplastics (China), Hubei Everflon Polymer (China), Ensinger (Germany), and
Vector Foiltec (Germany).
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