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.
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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.
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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.