ETFE Market likely to witness an impressive CAGR of 10.2%, as estimated by Stratview Research

Author: Khemant Kolpe

Stratview Research in its recent report has offered an overlook of the current ETFE Market scenarios and has also estimated the market size to reach grow at CAGR of 10.2%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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ETFE or Ethylene tetrafluoroethylene is a type of plastic with fluorine-base. The plastic form is known for its strength and its resistance towards corrosion at high temperatures.

ETFE is available in the form of pellet/Granule and Powder. The form is used in different application types such as films & sheets, wires & cables, tubes, coatings, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Based on the type, the market is segmented as pellet/granule and powder. The pellet/granule segment accounted for the largest share of the market in 2018, in terms of both, value and volume, and the segment is likely to continue its dominance during the forecast period as well. The growth is owing to the extensive use of ethylene tetrafluoroethylene granules in electric wires & cables, valve lining, spray painting, and the acid-resistant and alkali-resistant injection products. Further, when ethylene tetrafluoroethylene in granular form is extruded into films & sheets and wires & cables, it is subsequently used by various end-use industries, such as automotive, architecture, aerospace, and chemical processing.

Based on the technology type, the market is segmented as extrusion molding, injection molding, and others. The injection molding technology segment is estimated to witness the highest growth, in terms of both, value and volume. This growth is attributed to the properties of ethylene tetrafluoroethylene resins, which can be processed at a wide range of temperatures because of their enhanced thermal stability and low melting points employing the conventional injection molding techniques. Further, ethylene tetrafluoroethylene resins are resistant to ultraviolet rays, which make them suitable for outdoor applications.

Based on the application type, the market is segmented as films & sheets, wires & cables, tubes, coatings, and others. The films & sheets segment accounted for the largest share of the market in 2018, in terms of both, value and volume, and the segment is likely to maintain its dominance during the forecast period as well. Of late, glass in the building & construction industry is being replaced by ethylene tetrafluoroethylene films & sheets, on account of their excellent light transmission properties. Ethylene tetrafluoroethylene sheets, when assembled into cushions, are inflated for structural applications and they offer thermal insulation with minimal initial costs and lesser structural support against conventional glazed roofs.

In terms of regions, the North American region is the largest global consumer of ethylene tetrafluoroethylene. The growth of the North American ETFE market is owing to the increased demand for ethylene tetrafluoroethylene from various end-use industries of the region. On the other hand, the Asia-Pacific’s ETFE market is estimated to register the highest CAGR during the forecast period, in terms of both, value and volume. The growth of the market in the Asia-Pacific region is driven by the easy accessibility of cheap labor and raw materials in the region. Additionally, the burgeoning economies of countries such as China, Indonesia, Taiwan, and India are also alluring new foreign investments in these countries, thereby contributing to the growth of various end-use industries in the region. Also, the design and implementation of various policies mandating the use of environment-friendly products have led to various innovations in the ethylene tetrafluoroethylene industry of the region.

Highlights of the Report:

ETFE Market is likely to witness an impressive CAGR of 10.2% during the forecast period. The increased demand for ethylene tetrafluoroethylene (ETFE) from various end-use industries, its eco-friendly and recyclable properties, which are considered to be better as offered by glass and other conventional fluoropolymers are the major factors expected to drive the growth of the global ETFE market during the forecast period.

Some of the major players in the ETFE market are Asahi Glass Company, Daikin Industries, Ltd., Ensinger GmbH, Guangzhou Lichang Fluoroplastics Co. Ltd., Hubei Everflon Polymer Co. Ltd., The 3M Company, The Chemours Company, Quadrant AG, and Vector Foiltec.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The ETFE Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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