Market Research Report
Global Ethylene Tetrafluoroethylene Market 2013-2023
|Published by||Market Krystal||Product code||913283|
|Published||Content info||120-150 Pages
Delivery time: 1-2 business days
|Global Ethylene Tetrafluoroethylene Market 2013-2023|
|Published: September 1, 2019||Content info: 120-150 Pages||
Ethylene tetrafluoroethylene (ETFE) is found in a form of fluoropolymer, it is a lubricious plastic with a low coefficient of friction, because of which it is used as abrasion protection application.
The usage of ETFE can be widely seen in renewable sources of energy of the new generation that is the photovoltaic industry. ETFE is more used than other renewable sources of energy such as hydro and wind. Apart from renewable source of energy, ETFE have also found its way into the automotive industry where it is used for the proper functioning of the brakes. In addition, ETFE is slowly making its way into the aerospace industry as well.
The report on global ethylene tetrafluoroethylene market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global ethylene tetrafluoroethylene market is growing its area and effective sphere of influence very fast and is gaining popularity. ETFE market was valued at US $ xxx million in the year 2018 and projected that ETFE market will witness further growth by the year 2023 and reach up to US $ xxx million. It is predicted that the annual growth rate for this market will be at xxx %.
The main reason for the growth of this industry is because it is associated with renewable source of energy. ETFE is being is being highly used in the photovoltaic industry. People are becoming aware that the fossil fuels will come to an end in the near future and for this reason they have to shift their demand to other products. Because of this approach there are high chances that the demand for ETFE in photovoltaic industry to experience high growth. In addition, if we talk interms of renewable products the government all around the world supports your idea and for that it also provides you with subsidies. This in turn will help this industry to grow.
The reason that shortens the growth drive of this chemical is, the pricing policy, the raw materials process is not fixed because of which there is a high chance that the producers and retailers profit margins could look shrouded.
In the region wise performance of ETFE, it is observed that Asia Pacific is a dominant market for this product. The reason behind such success of ETFE in this region is because of the increase in the automotive and construction sector in this region. Another reason which is driving this region is the availability of raw material, the raw material in these regions are said to be less expensive as compared to rest of the world. Just like raw materials the labor force in these regions can be employed at a much less wage rate as compared to the rest of the world.
North America is a mature market for this product as it has been trading this product for a couple of years now. North America region is said to be the most active region for taking strategic initiatives, because of which there are chances to find growth in this region in the coming years.
Europe is still in the developing stages for this market the reason for this being, they are trying to employ this product in their construction industry because of which there are chances that Europe can become one of the emerging markets for this product.
The key players in the market of ETFE are Asahi Glass Company, Daikin Industries, The Chemours Company, 3M, Quadrant, Guangzhou LiChang Fluoroplastics, Hubei Everflon Polymer, Ensinger, and Vector Folitec.
The research procedure starts with the bifurcation of different market segments of global ethylene tetrafluoroethylene market, followed by detection of factors affecting the growth each segment. Then, the market forecasts are conducted based on the inputs given by the business leaders across global ethylene tetrafluoroethylene industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (35%), Asia (30%), Europe (35%)
By designation: Top level (40%), Operation level (30%), Mid-level (30%)