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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.