The market is expected to generate an incremental $ opportunity of US$ 233.7 Mn between 2022 and 2030
Category: Chemicals & Materials Published Date : June 2022 ID: CVC-00121-CH Format: PDF Pages: 305
Ethylene Tetrafluoroethylene (ETFE) Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the worldwide Ethylene Tetrafluoroethylene (ETFE) Market was worth US$ 356.8 Mn and is expected to grow at a CAGR of 6.5% over the forecast period. The market is expected to hit US$ 590.5 Mn by 2030 end.
ETFE is a fluorine-based polymer with temperature and corrosion resistance, high tensile strength, radiation resistance, thermal stability, and is relatively lightweight. Because of its low friction coefficient is employed in scratch prevention applications and roofing as an alternative to glass and hard plastic in building construction.
What factors are driving the increase in demand for Ethylene Tetrafluoroethylene (ETFE)?
The increasing use of ETFE in solar panels as a replacement for glass and other traditional materials and rising demand in end-use industries will drive ETFE demand over the projected period.
ETFE films enable limitless design possibilities by allowing them to be combined with traditional construction techniques. ETFE structures are gaining popularity worldwide due to their low cost, aesthetic benefits, and full-service life.
ETFE films, in addition to lowering system costs, assist manufacturers in lowering packing and shipping expenses. ETFE has a low coefficient of friction, allowing for self-cleaning, and is combined with a matt finish to reduce glare reflection.
What are the opportunities in the Ethylene Tetrafluoroethylene (ETFE) business?
The ETFE tensile structure’s advanced qualities make it a suitable alternative for various projects. Architects have benefited from the use of tensile constructions to produce unique structures. Modern structures are responsible for the widespread use of tensile structures in the construction industry in emerging economies.
ETFE-based coatings are highly robust and weatherable, lasting around 30 years, significantly longer than typical paints or coatings, and can be cured at room temperature, making them excellent for outdoor and on-site applications.
What are the primary factors restraining the market for ethylene tetrafluoroethylene (ETFE)?
ETFE enables more sound transmission than glass and other polymers. This factor is limiting market expansion. Despite its toughness, ETFE can be sliced with a sharp knife. As a result, it is rarely utilized in windows or outside walls. ETFE roofs or canopies are vulnerable to bird damage, particularly near seashores where seagulls can damage the roof by pecking. As a result, ETFE membranes are not favored in applications where regular maintenance is not practicable, limiting the ETFE market.
Why does the Pellet/granule segment have the largest market share?
Pellet/granule is expected to be the most common ETFE over the projection period with a market share of 63.2% in 2021. ETFE pellets/granules can be extruded and injected to make films and sheets, wires and cables, and tubes, which are then employed in various end-use sectors such as architectural, automotive, chemical processing, and others.
Pellets are useful for injection, extrusion, rotational, and other molding processes due to their low melting temperatures and high melt flow rates (MFRs).
Which application will lead to an increase in demand for Ethylene Tetrafluoroethylene (ETFE)? During the forecast period, films and sheets are expected to be the largest and fastest-growing application segment in the ETFE market. ETFE films and sheets offer high mechanical strength and are resistant to temperature, age, and chemicals. Because of their better light transmission capabilities, ETFE films and sheets are increasingly replacing glass in the architecture and construction industries.
ETFE sheets are widely used as roofing in public locations, including stations, airports, educational facilities, museums, conference centers, and other creative structures. ETFE films are also used for front and back photovoltaic (PV) modules. Because they transmit 90-95% of light when used as front sheets for PV modules, these films improve solar cells’ efficiency.
Why is the Building & Construction End-Use Industry likely to be the largest in the ETFE market?
During the forecast period, Building & Construction is expected to be the largest end-use industry sector in the ETFE market. ETFE is commonly used for roofing in non-residential, civil infrastructure, and commercial buildings. The construction business is heavily influenced by energy efficiency, cost control, low carbon emissions, sustainability, recyclability, and green buildings.
ETFE films are lighter, less expensive, more environmentally friendly, 100 percent recyclable, and more aesthetically pleasing than glass. These characteristics drive demand for ETFE films in the building industry.
Why is the North America region consolidating its Ethylene Tetrafluoroethylene (ETFE) Market dominance worldwide?
The increased demand for ETFE from the region’s multiple end-use industries may be attributed to the North America ETFE industry; new construction projects, greenhouse applications, consistent growth in automotive, and an increase in PV installation are driving the ETFE market in the region.
Which region is predicted grow at the fastest CAGR in the Ethylene Tetrafluoroethylene (ETFE) Market?
Regarding volume and value, the Asia Pacific ETFE market is expected to develop at the fastest CAGR during the forecast period. Increasing investments in infrastructure development projects, expanding urbanization, rising living standards, a strong automotive sector, and significant economic growth are the region’s overall growth.
The development and implementation of numerous policies requiring environmentally friendly materials have resulted in innovations in the region’s ETFE business.
Because of the COVID-19 pandemic, some countries’ economic growth has slowed due to the suspension of production facilities, decreased demand for oil and gas, and disruption of the supply chain. ETFE-producing enterprises have gone into a temporary shutdown mode. ETFE manufacturers saw a drop in revenue due to sluggish growth in the building and automotive markets.
Companies’ utilization rates also fell due to workforce shortages caused by social distancing regulations or as a protective measure to slow the spread of the virus.
Major ETFE manufacturing companies used various organic and inorganic growth tactics to increase their market position. These players used new product development, contracts and partnerships, and expansion as important growth strategies to improve their product range and regional presence and address the growing demand for ETFE in emerging nations.
Some of the key developments that have taken place in the Ethylene Tetrafluoroethylene (ETFE) Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By End-Use Industry:
By Region and Country:
Global Ethylene Tetrafluoroethylene (ETFE)Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Technology, Application, End-Use Industry, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|