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Research Nester published a report titled “Ethylene Tetrafluoroethylene (ETFE) Marke t: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of theglobalethylene tetrafluoroethylene (ETFE) market in terms of market segmentation by technology, product type, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global ethylene tetrafluoroethylene (ETFE) market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the rising popularity of ETFE to use in the roof covering of special constructions, such as stadiums. Along with this, increasing demand for ETFE cables from the aerospace industry, and emergence of new applications of the product in the architecture and construction industry are also expected to accelerate the growth of the market in the upcoming years.
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The market is segmented by technology, product type and application. Based on application, the films & sheets segment is anticipated to occupy the largest share during the forecast period on the back of growing usage of ETFE sheets in the design industry as a result of their long life. Additionally, the coatings segment is also projected to grab a significant share over the forecast period attributing to the high durability and weatherability of these coatings, and their high radiation resistance making them fit for usage in the chemicals industry.
Geographically, the global ethylene tetrafluoroethylene (ETFE) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the surging technological advancements in the construction and automotive industries in the region. Moreover, the market in Asia Pacific region is assessed to grow by a noteworthy rate in the future owing to the heavy investments in the construction industry, and high manufacturing output.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Use of the Product in the Roof Covering of Special Constructions to Drive Market Growth
ETFE is a transparent, durable, flexible and self-cleansing material. As a result, it is emerging as a popular material in the building and design industries for making roof coverings for special constructions, including stadiums. This in turn is anticipated to bolster the market growth significantly in the near future.
However, precise techniques required to install ETFE is expected to operate as key restraint to the growth of the global ethylene tetrafluoroethylene (ETFE) market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global ethylene tetrafluoroethylene (ETFE) market which includes company profiling of 3M Company, DAIKIN INDUSTRIES, Ltd., The Ensinger Group, The Chemours Company, AGC Chemicals Americas, Inc., Solvay SA, DuPont de Nemours, Inc., Zeus Industrial Products Inc., Li Chang Technology (Ganzhou) Co., Ltd., Compagnie de Saint-Gobain S.A., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ethylene tetrafluoroethylene (ETFE) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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