ETFE Market Snapshot
“From 2023 to 2030, the ETFE market is predicted to increase at a 6.45% CAGR. In 2023, it was worth $389.47 million. By 2030, it is predicted to exceed USD 752.45 million.”
A type of fluoropolymer is ethylene tetrafluoroethylene, also known as ETFE. Due to ethylene tetrafluoroethylene having a low coefficient of friction and being lubricious, it is employed in situations where abrasion resistance is needed.
Tetrafluoroethylene monomer is converted into ethylene tetrafluoroethylene polymer during the production of ETFE utilizing polymerization; no solvent is used in this process. Depending on the use, the material is extruded to different thicknesses in subsequent processing.
Ethylene Tetrafluoroethylene is a good choice for many applications, including those in the medical, aerospace, nuclear, and instrumentation industries since it can withstand high temperatures and harsh environments.
High impact resistance and demand for ETFC cables from various end-use industries, including the aerospace industry, are the main reasons fueling the expansion of the ETFE market globally. ETFEs are employed in a few high-performance heat, low-temperature, and electrical insulation applications.
ETFE can be used as a glass or conventional plastic substitute due to it is a semi-transparent material. Due to it maintaining 1% of the weight of glass while transmitting 25% more light and costs less to install, ETFE is a desirable alternative to glass.
ETFE is incredibly well suited for usage in building structures. Its widespread use in outdoor constructions is also a result of its excellent transmission of UV and longwave radiation.
The high cost of ETFE-based products relative to conventional materials is a significant problem, though, and it could impede market revenue development. Another problem that can impede market revenue development is the scarce supply of the raw materials utilized to produce ETFE.
The demand for ETFE (ethylene tetrafluoroethylene) in the construction and architectural industries is propelling considerable growth in the market globally. Due to of its special qualities, such as its great transparency, sturdiness, and chemical resistance, ETFE is frequently used in roofing, facade, and canopy applications.
ETFE is also used in the electrical and electronics sector for coating wire and cable and semiconductor production. Technological developments that improve the performance of ETFE, like surface treatments and fabrication techniques, have an impact on the market as well.
Although regional dynamics may differ, the worldwide ETFE industry is still developing as a result of its many applications and the increased focus on environmentally friendly building practices.
During the pandemic, the ETFE market, like many other markets, saw price volatility. Price variations in the ETFE market were influenced by changes in market dynamics, supply chain disruptions, and fluctuations in raw material prices.
The ETFE market is anticipated to rebound as economies progressively recover from the pandemic and construction activity picks up again. The demand for ETFE in architectural applications may be influenced by the rising emphasis on environmentally friendly and energy-efficient structures. However, factors like government stimulus plans, infrastructure expenditures, and the general state of the economy will all affect how quickly the economy recovers and expands.
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Growth Drivers
The ethylene tetrafluoroethylene market is expanding due to the growth of construction, automotive, and chemicals sectors, as well as the need for lightweight, durable materials. Asia Pacific is a key contributor, with the Indian plastics industry exporting $7.64 billion in plastic products. Factors like resource availability and low labor costs have attracted manufacturers, promoting market growth.
The global ethylene tetrafluoroethylene industry faces challenges due to fluctuating raw material prices. Leading companies are focusing on research and development to expand ETFE usage. Foiltec is testing attaching photovoltaics to ethylene tetrafluoroethylene panels to improve thermal properties as an insulating nanogel.
Restraints
The handling of ETFE resins poses significant challenges to the global growth of the ethylene tetrafluoroethylene (ETFE) market. Heating these resins over 200°C-260°C can release breakdown products. The Plastics Industry Association and Plastics Europe provide standards for safe handling, but these factors are expected to negatively impact the market's growth in the forecast period.
ETFE Market Segment Analysis
Based on type
Based on type a significant portion of the market was made up of pellets/granules. A variety of end-use industries, including architectural, automotive, chemical processing, and others, can utilize the ETFE pellet/granule form by extruding and injecting it into tubes, wires, and sheets. Due to their high melt flow rates (MFRs) and low melting temperatures, pellets are suitable for injection, extrusion, rotating, and other molding operations.
Based on technology
Based on technology, a significant portion of the market was made up of extrusion molding. Consistent quality is ensured in ETFE products using extrusion molding. The procedure ensures constant dimensions and a homogeneous distribution of material across the extruded profile. In businesses that demand high-performance and dependable goods, this reliability is essential.
Products made of ETFE with extrusion molding often have improved mechanical qualities. Manufacturers can optimize characteristics like tensile strength, flexibility, and impact resistance by meticulously managing the extrusion process parameters. As a result, components made of ETFE with better performance characteristics can be produced.
Based on application
Based on application, a significant portion of the market was made up of films & sheets. ETFE films and sheets offer higher mechanical strength and are resistant to chemicals, aging, and extreme temperatures. Due to their superior light transmission qualities, ETFE films and sheets are already primarily replacing glass in the architecture and construction sectors.
In public spaces like stations, airports, schools, museums, conference centers, and other artistic structures, ETFE sheets are more frequently used as roofing. The front and backing sheets of photovoltaic (PV) modules are likewise made of ETFE films. These films increase the efficiency of solar cells when used as front sheets for PV modules since they transmit 90%–95% of light.
Based on End User
Based on End User, a significant portion of the market was made up of building & construction. ETFE has advantages over other building materials in that it can span enormous spaces without the need for extra support systems, making it ideal for wide-span roofs and facades.
Innovative and distinctive architectural concepts are possible thanks to their great tensile strength and flexibility. Furthermore, ETFE is renowned for its self-cleaning qualities, which aid in preserving the visual appeal of structures over time. Rainwater may naturally clean the surface due to its low surface energy, which prevents dirt, dust, and contaminants from adhering.
ETFE Market Key Vendors
ETFE Market key Vendors include AGC Inc., The Chemours Company, 3M, Daikin Industries, Ltd., Vector Foiltec, HaloPolymer, Guangzhou Li Chang Fluoroplastics Co., Ltd., Hubei Everflon Polymer Co., Ltd., Ensinger Group, Dongyue Group.
New Developments
On March 2023, AGC (AGC Inc., Headquarters: Tokyo, President: Yoshinori Hirai), a world-leading manufacturer of glass, chemicals, and high-tech materials, announced that the company has decided to increase its production capacity for fluorochemical products to respond to the strong demand, such as for semiconductor-related applications.
On May 2022, The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company that was leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced an industry-leading sustainable process innovation to produce Advanced Polymer Architecture (APA) grade Viton™ fluor elastomers, without the use of a fluorinated polymerization aid.​
ETFE Market Regional Outlook
In 2022, North America had a market share of more than 38%, a large share of the market. Due to the growing use of ETFE in the aerospace and construction industries. Due to the rising use of environmentally friendly building techniques and the demand for strong, lightweight materials in the aerospace industry, the United States is one of the greatest markets for ETFE in the world. Additionally, it is anticipated that the presence of significant competitors in the area and rising R&D spending will fuel market expansion.
Future expansion of the North American ETFE market is also anticipated to be fueled by an increase in the number of commercial and institutional constructions in the region, supported by advancements in the housing sector. Due to its use in the construction of commercial buildings, the building and construction industry has noticed a surge in demand for ethylene tetrafluoroethylene.
The Europe market is predicted to grow moderately due to the expansion of energy and power sectors, resulting in increased demand for ETFE films and sheets for solar panels and renewable energy applications. Additionally, construction activity, especially in Germany and the UK, is boosting demand for ETFE in building facades and roofing.
Segments Covered in the ETFE Market
ETFE Market by Type
ETFE Market by Technology
- Extrusion Molding
- Injection Molding
- Others
ETFE Market by Application
- Films & Sheets
- Wires & Cables
- Tubes
- Coatings
- Others
ETFE Market by End User
- Building & Construction
- Automotive
- Aerospace & Defense
- Nuclear
- Solar Energy
- Others
The above information has been provided for the following regions and countries:
North America
Europe
- UK
- Germany
- France
- Italy
- Russia
Asia Pacific
- China
- India
- Japan
- South Korea
Latin America
MEA
- UAE
- Saudi Arabia
- South Africa
Frequently Asked Questions
What is the worth of the ETFE market?
From 2023 to 2030, the ETFE market is predicted to increase at a 6.45% CAGR. In 2023, it was worth $389.47 million. By 2030, it is predicted to exceed USD 752.45 million.
What is the size of North America in the ETFE market?
North America held more than 38% of ETFE market revenue share in 2022 and will witness expansion in the forecast period.
What are some of the ETFE market's driving forces?
A significant element boosting market revenue growth is the rising need for lightweight and high-performance materials across a range of end-use sectors, including construction, aerospace, and automotive.
Which are the top companies to hold the market share in the ETFE market?
ETFE Market key players include AGC Inc., The Chemours Company, 3M, Daikin Industries, Ltd., Vector Foiltec, HaloPolymer, Guangzhou Li Chang Fluoroplastics Co., Ltd., Hubei Everflon Polymer Co., Ltd., Ensinger Group, Dongyue Group.
What is the leading segment of the ETFE market?
Building and construction, automotive, aerospace, electric & electronics, nuclear, and solar energy are the principal ends consumers of ETFE in North America. In terms of volume and value, the US dominates the ETFE market in North America. The region's ETFE market is being driven by new construction projects, greenhouse applications, consistent automotive expansion, and an increase in PV installation.
1.SUMMARY
1.1. ETFE Market Overview
1.2. Key Insights
1.3. Report Scope
1.4. Research Methodology
1.5. Frequently Asked Questions
1.6. Chapter Outlines
- DECISION-MAKING SUMMARY
- INTRODUCTION
3.1. Overview of ETFE
3.2. Key Historical Events
3.3. Structure
3.4. Biochemical Interaction
3.5. Target Indications
3.6. Advantages of ETFE
3.7 Challenges associated with ETFE
3.8. Future Perspectives.
- MARKET LANDSCAPE
4.1. Methodology
4.2 ETFE: Developer Landscape
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters (Region-wise)
4.2.4. Analysis by Location of Headquarters (Country-wise)
4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)
4.2.6. Most Active Players
- COMPANY
5.1. Company Overview
5.1.2 Management Team
5.1.3. Product Portfolio
5.1.4. Recent Developments and Future Outlook
- PARTNERSHIPS AND COLLABORATIONS
6.1. Partnership Models
6.2. ETFE: Partnerships and Collaborations
6.2.1. Analysis by Year of Partnership
6.2.2. Analysis by Type of Partnership
6.2.3. Analysis by Year and Type of Partnership
6.2.4. Analysis by Type of Partner
6.2.5. Analysis by Year of Partnership and Type of Partner
6.2.6. Analysis by Type of Partnership and Type of Partner
6.2.7. Analysis by Type of Partner and Parent Company Size
- ACADEMIC GRANTS ANALYSIS
7.1. Methodology and Key Parameters
7.2. ETFE: Academic Grants Analysis
7.2.1. Analysis by Year of Grant Award
7.2.2. Analysis by Amount Awarded
7.2.3. Analysis by Funding Institute Center
7.2.4. Analysis by Support Period
7.2.5. Analysis by Funding Institute Center and Support Period
7.2.6. Analysis by Type of Grant Application
7.2.7. Analysis by Purpose of Grant
- PUBLICATION ANALYSIS
8.1. Analysis Methodology and Key Parameters
8.2. ETFE: Publication Analysis
8.2.1. Analysis by Year of Publication
8.2.2. Analysis by Type of Publication
8.2.3. Analysis by Type of Conjugate
8.2.4. Analysis by Target Indication
8.2.5. Analysis by Copyright Holder
8.2.6. Word Cloud: Emerging Focus Area
8.2.7. Most Active Publishers: Analysis by Number of Publications
- SUCCESS PROTOCOL ANALYSIS
9.1. Methodology and Key Parameters
9.2. Key Assumptions and Scoring Criteria
9.3. Success Protocol Analysis
9.4. Assessment of Approved ETFE
- Appendix 1: Tabulated Data
- Appendix 2: List of Companies
- AGC Inc.
- The Chemours Company
- 3M
- Daikin Industries
- Vector Foiltec
- HaloPolymer
- Guangzhou Li Chang Fluoroplastics Co.
- Hubei Everflon Polymer Co.
- Ensinger Group
- Dongyue Group
