Global Ethylene Tetrafluoroethylene Market: Overview
Ethylene tetrafluoroethylene is a fluorine based plastic that comprises tetrafluoroethylene (C2F4) and ethylene (C2H4). Being a thermoplastic fluoropolymer, ethylene tetrafluoroethylene consists of carbon, fluorine, and hydrogen elements and exhibits high tensile strength. Ethylene tetrafluoroethylene co-polymer offers excellent chemical resistance and electrical properties vis-à-vis other fluoropolymers such as PTFE (Polytetrafluoroethylene), PFA (Perfluoroalkoxy), FEP (Polyfluoroethylenepropylene), ECTFE (Ethylene chlorotrifluoroethylene), and PVDF (Polyvinylidene fluoride). Ethylene tetrafluoroethylene fluoropolymer resins are manufactured through conventional melt-extrusion techniques and injection, compression, transfer, rotational, and blow molding processes. Ethylene tetrafluoroethylene can be injection molded into very thin components or hot compression molded into stock shapes such as rods, tubes, or sheets. It can be used as a fabric, film, and foil. Ethylene tetrafluoroethylene can be sewn, welded, and glued together. Ethylene tetrafluoroethylene displays exceptional properties; therefore, it is widely used in automotive, aerospace, building & construction, electronics, nuclear, and chemicals industries.
Global Ethylene Tetrafluoroethylene Market: Drivers
The global ethylene tetrafluoroethylene market is primarily driven by the increase in demand for these fluoropolymers in various end-use industries. Ethylene tetrafluoroethylene is widely used in wirings, tie, or cable wraps. They are adaptable to high stress, low fume toxicity, and high-reliability circumstances in aerospace and nuclear industries. Increase in utilization of ethylene tetrafluoroethylene in aerospace and nuclear industries owing to its exceptional properties is anticipated to drive the global ethylene tetrafluoroethylene market. Ethylene tetrafluoroethylene has high translucency and is used as polymer sheeting instead of glass and hard plastic in modern buildings. Ethylene tetrafluoroethylene sheets transmit more light, provide effective insulation, and weigh 1/100 the weight of glass. Led by these flexible properties, the rise in demand for ethylene tetrafluoroethylene as a construction material is anticipated to boost the ethylene tetrafluoroethylene market. Advancements in material and chemical properties of ethylene tetrafluoroethylene in order to make it multifunctional is expected to offer lucrative opportunities to the ethylene tetrafluoroethylene market during the forecast period.
Global Ethylene Tetrafluoroethylene Market: Key Segments
Based on form, the ethylene tetrafluoroethylene market can be bifurcated into granule and powder. The granule segment held key share of the global ethylene tetrafluoroethylene market in 2017. Granules of ethylene tetrafluoroethylene exhibit good moldability and non-stick characteristics.
In terms of technology, the ethylene tetrafluoroethylene market can be divided into extrusion molding and injection molding. These technologies are used to process ethylene tetrafluoroethylene for diverse range of applications such as roofing, wire insulation, insulated transformers, and surface coatings.
Based on application, the ethylene tetrafluoroethylene market can be segregated into wires & cables, films & sheets, tubes, coatings, and others. Ethylene tetrafluoroethylene is primarily used for wiring in nuclear plant control rooms, coatings of flaps, tanks, bottles, & pumps, components of electro mechanisms, and radiation resistant films & architectural films in buildings.
In terms of end-use industry, the ethylene tetrafluoroethylene market can be split into automotive, aerospace, building & construction, chemicals, electronics, nuclear, and others. The building & construction segment accounted for major share of the global ethylene tetrafluoroethylene market in 2017. Ethylene tetrafluoroethylene offers excellent mechanical strength, bearing 400 times its weight despite being thin and lightweight. Ethylene tetrafluoroethylene possesses flexible characteristics to stretch three times its length without loss of elasticity and provides nonstick attributes with a surface that resists dirt & dust.
Based on geography, the ethylene tetrafluoroethylene market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America constitutes significant share of the global ethylene tetrafluoroethylene market. Growth in the building & construction industry is projected to propel the demand for ethylene tetrafluoroethylene in the near future. However, the market in Asia Pacific is anticipated to expand at a rapid pace owing to the fast-paced industrialization in China and India. Europe is also considered a prominent consumer of ethylene tetrafluoroethylene.
Global Ethylene Tetrafluoroethylene Market: Key Players
Key players operating in the global ethylene tetrafluoroethylene market include 3M, Asahi Glass Company, Daikin Industries, Ltd., E. I. du Pont de Nemours and Company, Hubei Everflon Polymer Co.,Ltd, The Chemours Company, and the Quadrant Group of Companies.
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