The size and share of the Ethylene Tetrafluoroethylene (ETFE) Market was at USD 350.7 million in the year 2021 and is extended to touch around USD 518.4 million by 2026, and also likely to develop at a CAGR of 10.0% between 2021 - 2026.
ETFE is a kind of fluorine-based plastic that has high opposition to corrosion and high rigidity. ETFE has properties, for example, substance latency, huge enduring opposition, high melting point, obstruction to heat, obstruction from electricity, protection, and low coefficient of friction. It is created by changing monomer tetrafluoroethylene into polymer ethylene tetrafluoroethylene by utilizing polymerization methods and without including the mixing of any volatile solvents. ETFE is utilized for substitution for coating, rooftops and roofing, windows, skylights, nurseries, farming areas, chilly climate conditions, and numerous others
ETFE is a lightweight material that can be reused into useable ETFE items. It is 100% recyclable and requires less manufacturing than customary structure materials, diminishing C02 release. ETFE can be utilized as an alternative to glass regularly with more noteworthy productivity, which is the principal factor driving the global ETFE market. Being 100% recyclable and requiring negligible energy for transportation and deployment, ETFE is eco-friendly as it can be produced via green methods. The developing ecological concerns are driving the interest for green, eco-friendly structures as they diminish the harmful effect on the climate, promoting the demand for this market.
ETFE is a resource-effective material as it is effectively recyclable. Old ETFE components can be remolded into new ETFE items, for example, tubing parts and wires or castings. The remarkable properties of ETFE and its recyclability have expanded its interest, supporting developments in the worldwide marketplace. ETFE is being utilized in the architecture business for the past two and half decades. The infrastructure and architecture areas have encountered tremendous growth with the utilization of this material. ETFE helps in building beautiful structures and in storing of energy. The ETFE cushions are kept constantly pressurized by a little expansion unit which keeps up the weight at approx. 220 Pa and gives the foil structural durability and the rooftop some protection properties. These special characteristics are estimated to create business opportunities for the ETFE market in the coming years.
ETFE permits more solid transmission when contrasted with different materials, for example, glass and different plastics. This factor is significantly creating challenges to the ETFE market development. ETFE cushions send practically all sounds from outside. Today, rainfall and noise-reducing frameworks are currently being joined into outside structures successfully. For a rooftop subject to raindrops, the sound of downpour can be prevented by adding a downpour weakening layer on the outside of the cushions. This goes about as a dampener, halting the sound resonating around the space underneath and acting as an inhibitor to the ETFE business growth.
Market Size Available
By Type, By Technology, By Application
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Asahi Glass Company, Daikin Industries, Ltd., Ensinger GmbH, Guangzhou Lichang Fluoroplastics Co. Ltd., Hubei Everflon Polymer Co. Ltd., The 3M Company, The Chemours Company, Quadrant AG, Vector Foiltec.
Ethylene Tetrafluoroethylene (ETFE) Market Segmentation as per the research report until 2027.
Ethylene Tetrafluoroethylene (ETFE) Market - By Type:
In light of the type, the market is sectioned as pellet/granule and powder. The pellet/granule fragment represented the biggest portion of the market in 2018, regarding both, worth and volume, and the section is probably going to proceed with its predominance during the conjecture time frame too. The development is the result of the broad utilization of ethylene tetrafluoroethylene granules in electric wires and links, valve lining, shower painting, and acid and alkali-resistant infusion items. Further, when ethylene tetrafluoroethylene in granular structure is expelled into films and sheets and wires and links, it is along these lines utilized by different end-use ventures, for example, automobile, engineering, aviation, and synthesis of chemicals.
Ethylene Tetrafluoroethylene (ETFE) Market - By Technology:
In view of the technology type, the market is divided into extrusion shaping, infusion molding, and many. The infusion shaping innovation portion is assessed to observe the most elevated development, regarding both, total revenue and volume. This development is the result of the properties of ethylene tetrafluoroethylene resins, which can be stored at a wide range of temperatures in view of their improved warm dependability and low softening focuses utilizing the regular injection forming methods. Further, ethylene tetrafluoroethylene pitches do not allow UV rays, which makes them applicable for out-of-the-door applications.
Ethylene Tetrafluoroethylene (ETFE) Market - By Application:
In view of the application type, the market is divided into films and sheets, wires and links, cylinders, coatings, and others. The films and sheets section represented the biggest portion of the market in 2018, as far as both, total revenue and volume, and the fragment is probably going to keep up its predominance during the estimated time frame also. Recently glass in the infrastructure and construction industry is being substituted with ethylene tetrafluoroethylene films and sheets, because of their fantastic light transmission properties. Ethylene tetrafluoroethylene sheets, when collected into cushions, are expanded for infrastructure applications and they offer protection against excessive heat with insignificant initial expenses and lesser infrastructural help against regular coated rooftops.
As far as areas are considered, the North American region is the biggest worldwide buyer of ethylene tetrafluoroethylene. The development of the North American ETFE market is attributable to the expanded interest in ethylene tetrafluoroethylene from different end-use ventures of the area. Then again, the Asia-Pacific's ETFE market is assessed to enroll the most noteworthy CAGR during the conjecture time frame, regarding both, worth and volume.
The development of the market in the Asia-Pacific area is driven by the simple availability of modest work and crude materials in the locale. Moreover, the prospering economies of nations, for example, China, Indonesia, Taiwan, and India are additionally charming new unfamiliar interests in these nations, in this way adding to the development of different end-use enterprises in the area. Likewise, the plan and execution of different arrangements ordering the utilization of climate inviting items have prompted different advancements in the ethylene tetrafluoroethylene industry of the locale.
Ethylene Tetrafluoroethylene (ETFE) Market Key Market Players:
A portion of the significant parts in the ETFE market are
IMPACT OF COVID-19 ON ETFE MARKET:
The worldwide lockdown conditions to curb the transmission of the novel coronavirus has resulted in the declined sales and revenue in the ETFE market in 2020. However, with different vaccinations estimated to arrive in early half of 2021, the ETFE market is supposed to bounce back in the next two to three years.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.5 Y-o-Y Growth Analysis, By Technology
5.2.6 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
5.3.2 Films & Sheets
5.3.3 Wires & Cables
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Technology
184.108.40.206 By Application
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Technology
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Technology
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Vector Foiltec Ltd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Asahi Glass Company
8.3 Daikin Industries Ltd.
8.4 Quadrant AG
8.5 Solvay S.A
8.6 Guangzhou LiChang Fluoroplastics
8.7 Hubei Everflon Polymer
8.10 Ensinger AG
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global ETFE Market Market By Region, From 2022 - 2027( USD Million )
Global ETFE Market Market By Type, From 2022 - 2027( USD Million )
Global Pellet/Granule Market By Region, From 2022 - 2027( USD Million )
Global Powder Market By Region, From 2022 - 2027( USD Million )
Global ETFE Market Market By Technology, From 2022 - 2027( USD Million )
Global Extrusion Market By Region, From 2022 - 2027( USD Million )
Global Injection Market By Region, From 2022 - 2027( USD Million )
Global Others Market By Region, From 2022 - 2027( USD Million )
Global ETFE Market Market By Application, From 2022 - 2027( USD Million )
Global Films & Sheets Market By Region, From 2022 - 2027( USD Million )
Global Wires & Cables Market By Region, From 2022 - 2027( USD Million )
Global Tubes Market By Region, From 2022 - 2027( USD Million )
Global Coatings Market By Region, From 2022 - 2027( USD Million )
Global Others Market By Region, From 2022 - 2027( USD Million )
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.