Ethylene Tetrafluoroethylene Industry - Regional Synopsis
APAC Market Forecast
The ETFE market in Asia Pacific is projected to be the largest with a share of about 36% by the end of 2037, attributed majorly to the increasing demand for fluoropolymers such as PVDF, PTFE, ETFE, and others from the automotive industries as these materials are widely used in lithium-ion batteries (LiB), fuel systems, brake systems, and for brake wear sensors respectively. As per findings, in 2022, Mainland China was the dominant consumer of global fluoropolymers, representing 37% of PTFE consumption and around 48% of another fluoropolymer consumption. Hence, with the growing presence of giant automotive manufacturers in the region as well as the increasing production volume of vehicles, the market for ethylene tetrafluoroethylene in the region is also anticipated to surge together with other types of fluoropolymer market.
North American Market Statistics
North American region is projected to account for ethylene tetrafluoroethylene market share of more than 30% by the end of 2037, attributed majorly to the radically increasing infrastructural development as well as the growing technological advancements in the construction industries. In addition to this, the increasing demand for ETFE for industrial coatings as well as its rising use as oil and gas downhole cable and umbilical is also expected to accelerate the market growth in the region in the coming years. Around 1.8 trillion dollars were estimated to be the size of the U.S. construction sector in 2022.
