Market Research Ethylene Tetrafluoroethylene Market | Page 2

In automotive industry, Ethylene Tetrafluoroethylene wiring is used in oxygen sensors, ABS
braking systems, brake wear sensors, and seat heating systems. It also provides a durable
jacketing material that easily slides over fiber optics without causing damage and thus, is
widely used in the chemicals industry. Ethylene tetrafluoroethylene is a lightweight compound
and has high translucency (95%) and can be used for any application that requires high
temperature resistance, chemical resistance, radiation resistance, and good electrical properties.
Owing to properties such as high mechanical toughness and resistance to high-energy radiation
it is used for wire coatings in the aerospace and aviation industries.
Ethylene Tetrafluoroethylene Market Outlook – Need for Robust and Lightweight
Materials Expected to Boost the Demand
Rapidly growing construction, automotive, and chemicals industries coupled with rising
demand of lightweight and durable materials has boosted growth of the ethylene
tetrafluoroethylene market, Asia Pacific being one of the largest contributors to the market. This
is mainly attributed to rampant growth of the automotive and construction industries in the
region. According to India Brand Equity Foundation (IBEF), the Indian plastics industry
exported plastic products worth USD 7.64 Bn. Factors such as availability of materials and
cheap labor have attracted the manufacturers towards the region, thus boosting growth of
market.
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etfe-market-300
Fluctuating raw material prices is a major restraining factors for growth of the global ethylene
tetrafluoroethylene industry. Research and development for increasing the applications of ETFE
is one of the key strategies followed by the top players in the market. Foiltec is presently testing
the capabilities of attaching photovoltaics to ethylene tetrafluoroethylene panels for use as an
insulating 'nanogel' which will enhance thermal properties of the panels. Some of the major
companies operating in the global ETFE market are Daikin Industries Ltd., E. I. du Pont de
Nemours and Company, Dyneon GmbH, Quadrant AG, Asahi Glass Company, Guangzhou
Lichang Fluoroplastics Co. Ltd., Hubei Everflon Polymer Co. Ltd and Ensinger GmbH.