Ethylene Tetrafluoroethylene (ETFE) Market Perspective by Comprehensive Analysis Growth Prediction to 2025
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.
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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.
In automotive industry, Ethylene Tetrafluoroethylene wiring is used in oxygen sensors, ABS braking systems, brake wear sensors, and seat heating systems. It also provides a durable jacketing material that easily slides over fiber optics without causing damage and thus, is widely used in the chemicals industry. Ethylene tetrafluoroethylene is a lightweight compound and has high translucency (95%) and can be used for any application that requires high temperature resistance, chemical resistance, radiation resistance, and good electrical properties. Owing to properties such as high mechanical toughness and resistance to high-energy radiation it is used for wire coatings in the aerospace and aviation industries.
Ethylene Tetrafluoroethylene Market Taxonomy
On the basis of type of material, global market is classified into:ETFE Extrusion MoldingETFE Injection Molding
On the basis of product type, the global market is segmented into:ETFE GranuleETFE Powder
On the basis of application, the global market is segmented into:TubesFilm & SheetWire & CableCoating
On the basis of end use industry, the global market is segmented into:ConstructionAutomotiveNuclearAerospaceChemicals
Ethylene Tetrafluoroethylene wires are used in aviation wiring, aerospace, nuclear, electronics, medical, and appliance wiring. It offers high purity, excellent chemical and abrasion resistance, high impact strength, good resistance to permeability, and resistance to heat sterilization and radiation. Ethylene tetrafluoroethylene coating is used as a dual laminate and bonded to FRP for use in pipes and tanks. It is sterilizable with further processing which includes gamma irradiation, ethylene oxide, and autoclaving. Due to high degree of chemical inertness ethylene tetrafluoroethylene tubing is used in a medical setting and is Class VI approved.
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