ETFE Market to offer a healthy CAGR of 10.2% during 2020-25
February 12, 2020
ETFE Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the ETFE Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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ETFE Market Segment Insights:
Type: pellet/granule and powder
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.
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Technology Type: extrusion molding, injection molding, and others
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.
Application Type: films & sheets, wires & cables and others
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.
A highly/moderately/fragment consolidated Market
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.
Region: Asia-Pacific is expected to dominate the ETFE market
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.
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