ETHYLENE TETRAFLUOROETHYLENE (ETFE) MARKET ANALYSIS
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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