Ethylene Tetrafluoroethylene Market Expected To Register Approx. 8.57% CAGR.

As per the researchers at Zion Market Research, the global Ethylene Tetrafluoroethylene Market was worth USD 4.86 Billion in 2023. The market is forecast to reach USD 8.57 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period 2024-2032. The prominent players in the global ethylene tetrafluoroethylene market comprise Asahi Glass Company, 3M, E. I. du Pont de Nemours & Company, Daikin Industries, Ltd., The Chemours Company, Hubei Everflon Polymer Co., Ltd., and the Quadrant Group of Companies, among others.

Rising Demand In Several End-Use Industries To Drive The Growth Of Global Market

The growth of the global ethylene tetrafluoroethylene market is majorly propelled by the rise in the need for these fluoropolymers in several end-use industries. ETFE is extensively utilized in tie, wirings, or cable wraps. ETFE is compliant with low fume toxicity, high stress, and high-reliability conditions in nuclear industries and aerospace. The rise in use of ethylene tetrafluoroethylene in nuclear and aerospace industries on account of its outstanding characteristics is projected to propel the growth of the global ethylene tetrafluoroethylene market during the forecast period.

Further, ETFE has high transparency and is utilized as polymer sheeting in place of hard plastic and glass in modern buildings. Its panes offer effective insulation, spread more light, and weigh 1/100 the glass’s weight. Owing to these flexible characteristics, the increase in ethylene tetrafluoroethylene demand as a construction material is projected to drive the growth of the global ethylene tetrafluoroethylene market. In addition, developments in chemical properties and materials of ethylene tetrafluoroethylene so as to make it multifunctional are anticipated to bring up growth avenues for the ethylene tetrafluoroethylene market.

Granule Segment, Based On Form, Expected To Hold A Significant Share Of Global Market

The global ethylene tetrafluoroethylene market, based on form, can be divided into powder and granule. In 2018, the biggest share in the global market was held by the granule segment and expected to continue the trend during the forecast period as well. Non-stick characteristics and good moldability are exhibited by the ethylene tetrafluoroethylene granules. The global ethylene tetrafluoroethylene market, based on technology, can be bifurcated into injection molding and extrusion molding.

The market, on the basis of application, can be classified into films & sheets, wires & cables, coatings, tubes, and others. The market, based on the end-use industry, can be categorized into aerospace, automotive, chemicals, building & construction, nuclear, electronics, and others.

North America To Dominate The Global Market During The Forecast Period

In the global ethylene tetrafluoroethylene market, a significant share is held by North America. The considerably expanding building & construction industry is anticipated to drive the ethylene tetrafluoroethylene demand in the coming period, thus boosting the market growth in North America. However, Asia Pacific market is also projected to grow at a considerable rate on account of the swiftly flourishing industrialization in India and China.

Browse the full “Global 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, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/ethylene-tetrafluoroethylene-market

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

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