Market Insights
The ETFE Market was estimated to grow from USD 350.7 million in 2021 to USD 539.59 million by 2028 at a CAGR of over 6.24% during the forecast period.
Market Drivers
The increased demand for ethylene tetrafluoroethylene (ETFE) from various end-use industries, its eco-friendly and recyclable properties, which are considered to be better as offered by glass and other conventional fluoropolymers are the major factors expected to drive the growth of the global ETFE market during the forecast period.
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ETFE Market - Snapshot
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Growth (2022-2028)
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CAGR of 6.24% for the next five years
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Major Type
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Pellet/granule
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Major Technology Type
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Injection molding technology
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Dominant Application
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Films & sheets
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Region with the highest demand
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North America
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Key Players
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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, and Vector Foiltec.
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What is ETFE?
ETFE or Ethylene tetrafluoroethylene is a type of plastic with fluorine-base. The plastic form is known for its strength and its resistance towards corrosion at high temperatures.
ETFE is available in the form of pellet/Granule and Powder. The form is used in different application types such as films & sheets, wires & cables, tubes, coatings, and others.
Segment Analysis
Type Trends
The market is segmented as pellet/granule and powder. The pellet/granule segment accounted for the largest share of the market in 2021, in terms of both, value and volume, and the segment is likely to continue its dominance during the forecast period as well. The growth is owing to the extensive use of ethylene tetrafluoroethylene granules in electric wires & cables, valve lining, spray painting, and the acid-resistant and alkali-resistant injection products.
Further, when ethylene tetrafluoroethylene in granular form is extruded into films & sheets and wires & cables, it is subsequently used by various end-use industries, such as automotive, architecture, aerospace, and chemical processing.
Technology Trends
The market is segmented as extrusion molding, injection molding, and others. The injection molding technology segment is estimated to witness the highest growth, in terms of both, value and volume. This growth is attributed to the properties of ethylene tetrafluoroethylene resins, which can be processed at a wide range of temperatures because of their enhanced thermal stability and low melting points employing the conventional injection molding techniques. Further, ethylene tetrafluoroethylene resins are resistant to ultraviolet rays, which make them suitable for outdoor applications.
Application Trends
The market is segmented as films & sheets, wires & cables, tubes, coatings, and others. The films & sheets segment accounted for the largest share of the market in 2018, in terms of both, value and volume, and the segment is likely to maintain its dominance during the forecast period as well.
Of late, glass in the building & construction industry is being replaced by ethylene tetrafluoroethylene films & sheets, on account of their excellent light transmission properties. Ethylene tetrafluoroethylene sheets, when assembled into cushions, are inflated for structural applications and they offer thermal insulation with minimal initial costs and lesser structural support against conventional glazed roofs.
Region Trends
The North American region is the largest global consumer of ethylene tetrafluoroethylene. The growth of the North American market is owing to the increased demand for ethylene tetrafluoroethylene from various end-use industries of the region. On the other hand, the Asia-Pacific’s market is estimated to register the highest CAGR during the forecast period, in terms of both, value and volume. The growth of the market in the Asia-Pacific region is driven by the easy accessibility of cheap labor and raw materials in the region.
Additionally, the burgeoning economies of countries such as China, Indonesia, Taiwan, and India are also alluring new foreign investments in these countries, thereby contributing to the growth of various end-use industries in the region. Also, the design and implementation of various policies mandating the use of environment-friendly products have led to various innovations in the ethylene tetrafluoroethylene industry of the region.
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Type:
- Pellet/Granule (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Powder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Technology Type:
- Extrusion Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type:
- Films & Sheets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wires & Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Customization Options
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
