According to a new report published by Transparency Market Research, the ethylene tetrafluoroethylene market will record significant growth owing to the rising demand fluoropolymers in various end-use industries across the globe. The report titled, “Ethylene Tetrafluoroethylene Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” anticipates that the global market will grow remarkably during the forecast period.
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).
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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. 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.
The report has segmented the global ethylene tetrafluoroethylene market based on form, technology, application, end-use industry and region. In terms of form, the ethylene tetrafluoroethylene market is 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. Based on technology, the ethylene tetrafluoroethylene market is 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. On the basis of application, the ethylene tetrafluoroethylene market is 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.
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