Ethylene Tetrafluoroethylene Market - By Application (Wires & Cables, Films & Sheets, Coatings, Tubes, And Others (Foams And Membranes)), By Technology (Injection, Extrusion, And Others (Electrostatic Spraying/Fluid Dip Coating, Rotational Molding, And Blow Molding)), By Type (Powder And Pellet/Granule), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Ethylene Tetrafluoroethylene market, which was estimated at about 356.83(USD Million) in 2019 and is predicted to accrue earnings worth 568.17 (USD Million) by 2026, is set to record a CAGR of nearly over 8.1% over 2020-2026.

16-Oct-2020 | Number of pages: 110 | Report Code: ZMR-1782 | Report Format : | Status : Published

Abstract

The global Ethylene Tetrafluoroethylene market, which was estimated at about 356.83(USD Million) in 2019 and is predicted to accrue earnings worth 568.17 (USD Million) by 2026, is set to record a CAGR of nearly over 8.1% over 2020-2026. The report offers valuation and analysis of Ethylene Tetrafluoroethylene market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Ethylene Tetrafluoroethylene (ETFE) is a fluorine-based polymer and was designed to resist corrosion. Moreover, it is a lubricous plastic having low co-efficient friction and hence is utilized in abrasives. It is light in weight and demonstrates high proportion of light transmission. Hence, it is preferred as one of the alternatives for glass in outdoor building constructions. Moreover, ETFE films are recyclable and can be self-cleaned. They are susceptible to punctures incurred due to sharp edges and hence are used in roof constructions. ETFE resins offer high resistance to ultraviolet light. The composite is used for encompassing electrical & fiber-optic cables utilized in low fume toxicity, high stress, and highly reliable conditions.

Market Growth Drivers

Escalating environmental concerns and need for green as well as eco-friendly constructions will create huge market demand over the forthcoming years. In addition to this, the compound is easily recyclable and hence is gaining popularity across myriad sectors. Furthermore, growing utility of the material for roof covering in stadiums as well as its usage in aerospace sector will prompt the business landscape. Nonetheless, strict EPA laws governing the use of the chemical compound can put brakes on the market growth in the near future.

Furthermore, massive product penetration in shopping malls, courtyards, and commercial building constructions will further accelerate the market growth over the forecast timeline. Apart from this, owing to its excellent wear & dirt resistance and durability the product finds a large number of applications in solar panels. Apparently, its massive demand in automotive & medical sectors can be attributed to its beneficial features like rust resistance and toughness.

North America To Remain Market Leader Over 2020-2026

The growth of the market in the region over the estimated timeline is owing to massive product penetration in the automotive & construction sectors in the region. In addition to this, the composite is also utilized in aircraft wiring as well as spacecraft wiring due to its high tensile strength. The U.S. is predicted to be the major regional market revenue contributor in the years to come.

Key participants influencing the market growth and profiled in the report include The Chemours Company, Daikin Industries, Ltd., Asahi Glass Company, 3M, Hubei Everflon Polymer Co., Ltd., E. I. du Pont de Nemours & Company, and the Quadrant Group of Companies.

The global ethylene tetrafluoroethylene market is segmented as follows:

By Type:

  • Pellet/Granule
  • Powder

By Technology:

  • Extrusion
  • Injection
  • Others (Rotational Molding, Electrostatic Spraying/Fluid Dip Coating, and Blow Molding)

By Application

  • Films & Sheets
  • Wire & Cables
  • Tubes
  • Coatings
  • Others (Membranes and Foams)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Escalating environmental concerns and need for green as well as eco-friendly constructions will create huge market demand over the forthcoming years. In addition to this, the compound is easily recyclable and hence is gaining popularity across myriad sectors. Furthermore, growing utility of the material for roof covering in stadiums as well as its usage in aerospace sector will prompt the business landscape. Apparently, massive product penetration in shopping malls, courtyards, and commercial building constructions will further accelerate the market growth over the forecast timeline.

According to Zion Market Research report, the global Ethylene Tetrafluoroethylene market, which was estimated at about 356.83(USD Million) in 2019 and is predicted to accrue earnings worth 568.17 (USD Million) by 2026, is set to record a CAGR of nearly over 8.1% over 2020-2026.

North America is likely to make noteworthy contributions towards overall Ethylene Tetrafluoroethylene Market revenue. The growth of the market in the region over estimated timespan can be ascribed to massive product penetration in the automotive & construction sectors in the region. In addition to this, the composite is also utilized in aircraft wiring as well as spacecraft wiring due to its high tensile strength.

The key players profiled in the report include The Chemours Company, Daikin Industries, Ltd., Asahi Glass Company, 3M, Hubei Everflon Polymer Co., Ltd., E. I. du Pont de Nemours & Company, and the Quadrant Group of Companies. Industry players are trying to coin new ways to minimize the ecological damage caused as a result of the production of these compounds and this is likely to promote the business growth trends in the foreseeable future.


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