Report Id: SNS/C&M/1818 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
ETFE Market Size was valued at USD 356 million in 2021, and expected to reach USD 565.34 million by 2028, and grow at a CAGR of 6.8% over the forecast period 2022-2028. 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.
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. 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.
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
More likely to get holes and let more sound through than glass
ETFE is more expensive than most other materials.
Emerging economies have a chance to grow.
Not enough skilled workers
Changes in the prices of raw materials
Impact of Covid-19:
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.
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
Films & Sheets
Wires & Cables
By End-use industry:
Building & Construction
Aerospace & Defense
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 2018, 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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 356 Million|
|Market Size by 2028||US$ 565.34 Million|
|CAGR||CAGR of 6.8% From 2022 to 2028|
|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.
Frequently Asked Questions (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
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 356 million in 2021, and expected to reach USD 565.34 million by 2028, and grow at a CAGR of 6.8% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8 ETFE Market Segment, By Type
9 ETFE Market Segment, By Technology
9.1 Extrusion Molding
9.2 Injection Molding
10 ETFE Market Segment, By Application
12.1 Films & Sheets
12.2 Wires & Cables
11 ETFE Market Segment, By End-Use Industry
11.1 Building & Construction
11.3 Aerospace & Defense
11.5 Solar Energy
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profile
13.1 Quadrant AG
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
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