Ethylene Tetrafluoroethylene (ETFE) is used in various end-user industries such as automobile, building and construction, aerospace, and chemicals among others. The growing demand from the developing economies across the globe is a key factor driving the global market for Ethylene Tetrafluoroethylene (ETFE). Moreover, the growing government investments in the infrastructural development have further augmented the demand for ETFE films. Among the various applications, sheet and films are the dominant segments and are expected to show the same trend during the forecast years.
Market Segmentation
The Global Ethylene Tetrafluoroethylene (ETFE) Market is segmented into technology, product type, application, and end-user industry. On the basis of the technology, the market is segmented into ETFE extrusion molding and ETFE injection molding. On the basis of the product type, the Global Ethylene Tetrafluoroethylene (ETFE) Market is segmented into ETFE Granule and ETFE powder. On the basis of the application, the market is segregated into film & sheets, wire & cable, coatings, tubes, and others. On the basis of the end-user industry, the market is further segmented into automotive, building & construction, nuclear, aerospace, chemicals, and others.
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Market Scenario
Among the various product segment, the granular segment holds the major share of the market and is expected to show the same trend during the forecast period. ETFE granular is anticipated to hold a market share of above 60% during the review period, 2017-2023. The growing investment in the infrastructural developed and aerospace industry is expected to contribute to the growth of the segment positively. On the basis of the application, sheets and films are dominating the global market. The properties of the ETFE films and sheets such as heat resistance, chemical resistance, adhesiveness, and optical transparency among others makes them suitable for the use in aircraft, automobile, and packaging among others.
Regional Analysis
The Global Ethylene Tetrafluoroethylene (ETFE) Market is spanned across five key regions: Europe Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, North America is anticipated to be the largest market during the forecast period. The growing adoption in the building and construction sector is driving the market growth in the region. The Asia Pacific market is expected to grow at the highest CAGR during the review period. The growing gross domestic product in the region has augmented the demand in the automobile sector, which is affecting the market growth positively. Ethylene Tetrafluoroethylene (ETFE) is extensively used in brake sensors, anti-braking systems, engine sensors, and seat heating systems among others.
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