The ETFE Market Size was valued at USD 375.24 million in 2023 and is expected to reach USD 616.12 million by 2031 and grow at a CAGR of 6.4% over the forecast period 2024-2031.
ETFE will be in higher demand during the forecast period because it is being used more and more in solar panels, as a replacement for glass and other common materials, and in industries that use it. ETFE market has opportunities in emerging economies in the Asia-Pacific and Middle East regions, where there is room for growth.
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ETFE is mostly used as architectural films in the building and construction industry. ETFE is also used in wires and cables, tubes, and jackets in the aerospace and defense, automotive, nuclear, and electronics industries, among others. ETFE is easy to puncture, it lets more sound through than glass, and it costs more than other materials, which is slowing the growth of the market.
Drivers:
The market will be driven by the growing use of ETFE in solar panels
Replace glass and other common plastics with something else
Growing Demand in End-Use Industries
Restraints:
More likely to get holes and let more sound through than glass
ETFE is more expensive than most other materials
Opportunity:
Emerging economies have a chance to grow
Challenge:
Not enough skilled workers
Changes in the prices of raw materials
Because of the COVID-19 pandemic, the economies of a number of countries grew less quickly. This was because manufacturing facilities were shut down, demand for oil and gas and industrial products fell, and the supply chain was messed up. Companies that made ETFE went through a short period of not making anything. Companies also used less labour because of rules about social distance or as a safety measure to stop the spread of the virus. This caused the use rate of companies to go down. People expect that the pandemic will have long-lasting effects on the supply, demand, and prices of goods. During the pandemic, the price of crude oil went up, which also made the price of ETFE go up. Due to slow growth in the construction and auto markets, manufacturers of ETFE saw their sales go down.
By Type:
Pellet/Granule
Powder
By Technology:
Extrusion Molding
Injection Molding
Others
By Application:
Films & Sheets
Wires & Cables
Tubes
Coatings
Others
By End-Use Industry:
Building & Construction
Automotive
Aerospace & Defense
Solar Energy
Others
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The Global Ethylene Tetrafluoroethylene Market is looked at for five major regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
The ethylene tetrafluoroethylene market in Asia-Pacific is the biggest in the world, and its CAGR is expected to be the highest during the forecast period. This is because industrialization and construction are growing quickly in the region. The demand for products in the Asia-Pacific market is also likely to be driven by the growing use of ETFE in the auto industry in countries with emerging economies. China is the biggest consumer of ethylene tetrafluoroethylene in the world. India and other countries in South-East Asia are next. The growth of the regional market is also helped by the fact that new products are being made all the time to meet the growing demand from end-use industries.
In 2023, a big chunk of the market was made up of North America. The market is likely to be driven by the increasing use of ETPE materials in construction and the rise of residential and commercial activities in the US. Due to its high mechanical strength, the product is also used in aircraft and spacecraft wiring, which is another thing that is increasing demand in the region.
During the forecast period, Europe is also expected to grow by a lot. This is because more people in Europe are worried about the environment, so they are switching to products that are better for the environment. Most of the growth in the regional market comes from Germany, Belgium, and France.
During the forecast period, Latin America and the Middle East and Africa are expected to grow at a healthy rate. This is because there are more building projects and the auto industry is growing in these areas.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Quadrant AG, Asahi Glass Company, The Chemours Company, Ensinger GmbH, Hubei Everflon Polymer Co. Ltd., Daikin Industries, Ltd., The 3M Company, Guangzhou Lichang Fluoroplastics Co. Ltd., Vector Foiltec.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 375.24 Million |
| Market Size by 2031 | US$ 616.12 Million |
| CAGR | CAGR of 6.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Pellet/Granule, Powder) • By Technology (Extrusion Molding, Injection Molding, Others) • By Application (Films & Sheets, Wires & Cables, Tubes, Coatings, Others) • By End-use industry (Building & Construction, Automotive, Aerospace & Defense, Nuclear, Solar Energy, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Quadrant AG, Asahi Glass Company, The Chemours Company, Ensinger GmbH, Hubei Everflon Polymer Co. Ltd., Daikin Industries, Ltd., The 3M Company, Guangzhou Lichang Fluoroplastics Co. Ltd., Vector Foiltec |
| DRIVERS | • The market will be driven by the growing use of ETFE in solar panels. • Replace glass and other common plastics with something else • Growing Demand in End-Use Industries |
| Restraints | • More likely to get holes and let more sound through than glass • ETFE is more expensive than most other materials. |
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The market will be driven by the growing use of ETFE in solar panels, Replace glass and other common plastics with something else and Growing Demand in End-Use Industries are the drivers for ETFE Market.
Ans: ETFE is mostly used as architectural films in the building and construction industry. ETFE is also used in wires and cables, tubes, and jacketing in the aerospace and defence, automotive, nuclear, and electronics industries, among others.
Ans: ETFE Market Size was valued at USD 375.24 million in 2023 and is expected to reach USD 616.12 million by 2031, and grow at a CAGR of 6.4% over the forecast period 2023-2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8 ETFE Market Segment, By Type
8.1 Pellet/Granule
8.2Powder
9 ETFE Market Segment, By Technology
9.1 Extrusion Molding
9.2 Injection Molding
9.3 Others
10 ETFE Market Segment, By Application
12.1 Films & Sheets
12.2 Wires & Cables
12.3 Tubes
12.4 Coatings
12.5 Others
11 ETFE Market Segment, By End-Use Industry
11.1 Building & Construction
11.2 Automotive
11.3 Aerospace & Defense
11.4 Nuclear
11.5 Solar Energy
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profile
13.1 Quadrant AG
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Asahi Glass Company
13.3 The Chemours Company
13.4 Ensinger GmbH
13.5 Hubei Everflon Polymer Co. Ltd.
13.6 Daikin Industries, Ltd.
13.7 The 3M Company
13.8 Guangzhou Lichang Fluoroplastics Co. Ltd.
13.9 Vector Foiltec
14 Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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