Industry News

Ethylene Tetrafluoroethylene Market Estimated to Reach USD740.20 Mn by 2019: M&M

Published on 2014-12-15. Author : SpecialChem

The report “Ethylene Tetrafluoroethylene (ETFE) Market by Type (Powder, Granule & others), by Technology (Extrusion, Injection & others), and by Application (Film & Sheet, Wire & Cable, Tubes, Coatings, & others) - Global Forecast to 2019”, report analyzes the global ETFE market with respect to market drivers, restraints, and opportunities in different regions. The Ethylene Tetrafluoroethylene (ETFE) market is estimated to reach 19,132.03 tons by volume by 2019 from 12,952.74 tons in 2014, signifying a firm CAGR of over 8.11% between 2014 and 2019.

The global ETFE market is successfully penetrating the end-user industries. The end products are tailor-made as per the requirements of the end-user industries. The North American region is the fastest-growing segment of the global ETFE market. This growth is mainly attributed by heavy investment across industries, such as automotive, consumer goods & appliances, building & construction, and chemical processing. The North America and Asia-Pacific markets are estimated to grow in the next five years while the allied industries are projected to stabilize the overall business need in the respective regions.

R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of ETFE applications to replace glass and other plastics and match the new demands coming from various types of applications.

North America is the largest market, both in terms of volume and value, followed by Asia-Pacific. China, U.S., Canada, India, Brazil, and Middle-East are projected to continue being successful ETFE markets. The key players in this market are E. I. du Pont de Nemours and Company (U.S.), Daikin Industries Ltd. (Japan), Dyneon GmbH (Germany), Asahi Glass Company (Japan), Quadrant AG (Switzerland), Guangzhou Lichang Fluoroplastics Co.,Ltd (China), Ensinger GmbH (Germany), and Hubei Everflon Polymer Co.,Ltd(China).

The Eastern and Central European nations, emerging Southeast Asian, and Latin American nations that will host the future global events would supplement the growth of ETFE in different applications. Governmental regulations and proposals for improvement of infrastructure, in emerging economies will drive the market.

The ETFE demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, agreements & partnerships, new product launches and mergers & acquisitions of the leading global companies.

The current market size of the ETFE in terms of value was estimated to be about $425.88 million in 2013 and is projected to reach $741.07 million by 2019, growing at a CAGR of 9.91% between 2014 and 2019. The high demand across the industries, such as architectural, automotive, semiconductor, pharmaceutical and others will increase the overall ETFE consumption.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

 Source: MarketsandMarkets

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