New York, Nov. 22, 2023 (GLOBE NEWSWIRE) — The global ethylene tetrafluoroethylene market size is expected to expand at 7% CAGR from 2024 to 2036. The market is anticipated to garner a revenue of USD 900 million by the end of 2036, up from a revenue of USD 350 million in the year 2023. This growth of the market is set to be dominated by growing demand for electricity. During the past 50 years, worldwide electrical consumption has been rising steadily, and in 2022, it was expected to reach over 25,400 terawatt-hours. However, with the growing spread of emissions through the generation of electricity the focus on renewable sources of energy is surging where ethylene tetrafluoroethylene plays a significant role.

(GlobeNewsWire)