Menu ×

CHEMICALS AND ADVANCED MATERIALS

Ethylene Tetrafluoroethylene (ETFE) Market Segmentation by Technology (Extrusion Molding, and Injection Molding); by Product Type (Powder, Granule, and Others); and by Application (Films & Sheets, Wires & Cables, Tubes, and Coatings) – Global Demand Analysis & Opportunity Outlook 2030

  • Text Size:

Extensive insights into the Growth of Ethylene Tetrafluoroethylene Market amidst COVID-19

Get the detailed impact analysis of COVID-19 that has disrupted the entire world and affected many industries.

Request Insights


IN THE NEWS

  • November 2021- Saint Gobain announced that it will invest more than USD 400 million to expand its production capacities in the United States at 4 locations in the Southern US and in California.

  • November 2020- AGC declared that its Fluon ETFE fluoropolymer film was installed on the roof of SoFi Stadium, Los Angeles County in the United States.

Global Ethylene Tetrafluoroethylene (ETFE) Market Highlights 2022 – 2030

The global ethylene tetrafluoroethylene (ETFE) market is estimated to garner a large amount of revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing popularity of ETFE in the roof covering of special constructions, such as stadiums, and growing demand for ETFE cables from the aerospace industry across the world. Along with these, ETFE is eco-friendly, recyclable and requires less fabrication than traditional building materials, which in turn is expected to raise its demand for the construction of green buildings. Furthermore, emergence of new applications of the product in the architecture and construction sector to build architectural projects of any shape is projected to offer profitable opportunities for market growth in the near future.

Get more information on this reportDownload Sample PDF

The market is segmented by application into films & sheets, wires & cables, tubes, and coatings, out of which, the films & sheets segment is anticipated to hold the largest share in the global ethylene tetrafluoroethylene (ETFE) market. This can be accounted to the increasing use of ETFE sheets in the design industry as a result of their long life, transparency to ultraviolet light and extraordinary tear resistance. Apart from this, the coatings segment is also predicted to gather a significant share during the forecast period, which can be credited to the high durability and weatherability of ETFE coatings, which can last for as long as 30 years. In addition, ETFE coatings are also suitable for any application that involves radiation resistance, making them fit for usage in the chemicals industry, which in turn is also assessed to boost the growth of the market segment in the years to come. 

Major Macro-Economic Indicators Impacting the Market Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Ethylene Tetrafluoroethylene (ETFE) Market Regional Synopsis

On the basis of geographical analysis, the global ethylene tetrafluoroethylene (ETFE) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the heavy investments in the construction industry, and high manufacturing output in the region, especially in China. The India Brand Equity Foundation in the Union Budget 2021 stated that the Indian government has decided to allocate USD 1.89 billion for supporting initiatives such as ‘smart cities mission’ and ‘housing for all’ in the country. Moreover, the market in North America is projected to occupy the largest share during the forecast period owing to the growing technological advancements in the automotive and construction industries in the region. In addition to this, high use of ETFE for applications such as oil and gas downhole cable and umbilical, and photovoltaic top sheet films is also expected to accelerate the market growth in the region in the coming years.

Get more information on this reportDownload Sample PDF

The global ethylene tetrafluoroethylene (ETFE) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global ethylene tetrafluoroethylene (ETFE) market includes the following segments:

By Technology

  • Extrusion Molding
  • Injection Molding

By Product Type

  • Powder
  • Granule
  • Others

By Application

  • Films & Sheets
  • Wires & Cables
  • Tubes
  • Coatings

Growth Drivers

  • Increasing Popularity of ETFE in the Roof Covering of Special Constructions
  • Eco-Friendliness and Recyclability of ETFE

Challenges

  • Precise Techniques Needed to Install ETFE

Top Featured Companies Dominating the Market

  • 3M Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • DAIKIN INDUSTRIES, Ltd.
  • The Ensinger Group
  • The Chemours Company
  • AGC Chemicals Americas, Inc.
  • Solvay SA
  • DuPont de Nemours, Inc.
  • Zeus Industrial Products Inc.
  • Li Chang Technology (Ganzhou) Co., Ltd.
  • Compagnie de Saint-Gobain S.A.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved