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Ethylene Tetrafluoroethylene (ETFE) Market report categorizes global market by material type, product type, application, and end-use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Ethylene Tetrafluoroethylene (ETFE) Market - Global
Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2018-2026
Ethylene Tetrafluoroethylene, commonly referred to as ETFE, is a form of
fluoropolymer. Ethylene Tetrafluoroethylene is a lubricious plastic with low
coefficient of friction, due to which it is used for applications requiring abrasion
protection. In production of ETFE, the monomer tetrafluoroethylene is
transformed into polymer ethylene tetrafluoroethylene using polymerization and
does not involve use of any solvent. In further processing, the material is
extruded to varying thicknesses depending on application. The ability to endure
high temperatures and tough environments makes Ethylene Tetrafluoroethylene
a worthy choice for numerous applications such as medical, aerospace, nuclear
and instrumentation industries.
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Ethylene Tetrafluoroethylene Market Outlook – Need for Robust and
Lightweight Materials Expected to Boost the Demand
Rapidly growing construction, automotive, and chemicals industries coupled
with rising demand of lightweight and durable materials has boosted growth of
the ethylene tetrafluoroethylene market, Asia Pacific being one of the largest
contributors to the market. This is mainly attributed to rampant growth of the
automotive and construction industries in the region. According to India Brand
Equity Foundation (IBEF), the Indian plastics industry exported plastic products
worth USD 7.64 Bn. Factors such as availability of materials and cheap labor
have attracted the manufacturers towards the region, thus boosting growth of
market.
Fluctuating raw material prices is a major restraining factors for growth of the
global ethylene tetrafluoroethylene industry. Research and development for
increasing the applications of ETFE is one of the key strategies followed by the
top players in the market. Foiltec is presently testing the capabilities of attaching
photovoltaics to ethylene tetrafluoroethylene panels for use as an insulating
'nanogel' which will enhance thermal properties of the panels. Some of the
major companies operating in the global ETFE market are Daikin Industries
Ltd., E. I. du Pont de Nemours and Company, Dyneon GmbH, Quadrant AG,
Asahi Glass Company, Guangzhou Lichang Fluoroplastics Co. Ltd., Hubei
Everflon Polymer Co. Ltd and Ensinger GmbH.
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