USD 4.4 billion
Ethylene Tetrafluoroethylene Market Size, Share, Growth Analysis, By Application(Powdered ETFE, Granular ETFE, ETFE Resins and ETFE Fibers), By End - use(Wire & Cable, Film & Sheet, Coatings, Tubes & Hoses and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2183 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Ethylene Tetrafluoroethylene Market Insights
Ethylene Tetrafluoroethylene Market size was valued at USD 4.4 billion in 2021 and is poised to grow from USD 4.7 billion in 2022 to USD 7.95 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).
The global ethylene tetrafluoroethylene (ETFE) market has been experiencing steady growth in recent years. ETFE is a high-performance fluoropolymer with exceptional chemical resistance, thermal stability, and electrical properties. It finds wide-ranging applications across various industries, including construction, electrical and electronics, automotive, and chemical processing. In the construction industry, ETFE is extensively used for architectural applications such as roofs, facades, and canopies. Its lightweight nature, transparency, and high tensile strength make it an attractive choice for modern and innovative architectural designs. ETFE structures are durable, weather-resistant, and can transmit natural light, creating visually appealing and energy-efficient buildings. ETFE's excellent electrical properties, including low dielectric constant and high dielectric strength, make it suitable for high-voltage applications. Moreover, its chemical resistance and thermal stability ensure reliable performance in harsh environments. Automotive manufacturers utilize ETFE for various applications, including fuel lines, tubing, and cable insulation. ETFE's chemical resistance protects against fuel and fluid corrosion, and its high-temperature stability enables it to withstand demanding automotive conditions. Additionally, ETFE's lightweight nature contributes to fuel efficiency and overall vehicle weight reduction. It is used in applications such as pipes, valves, and vessels, where resistance to aggressive chemicals is crucial. ETFE's ability to withstand a wide range of corrosive substances makes it a preferred material in chemical processing plants, ensuring safety and durability.
US Ethylene Tetrafluoroethylene Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
ETFE resins
Fastest Growth
ETFE resins
Growth Rate
6.3% CAGR
Global ethylene tetrafluoroethylene Market By Country ($ Bn)
Country Share for North America Region (%)
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Ethylene Tetrafluoroethylene Market Segmental Analysis
The Global ethylene tetrafluoroethylene Market is segmented by type, application, end - use and region. Based on type, the market can be segmented into Powdered ETFE, Granular ETFE, ETFE Resins and ETFE Fibers. Based on application, the market is segmented into Wire & Cable, Film & Sheet, Coatings, Tubes & Hoses and Others. By end - use it can be segmented into Construction, Electrical & Electronics, Automotive, Chemical Processing and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Ethylene Tetrafluoroethylene Market Analysis by Type
In the global ethylene tetrafluoroethylene (ETFE) market, the dominant type is ETFE resins. ETFE resins are widely used in various applications due to their versatility, excellent chemical resistance, and thermal stability. They are commonly used in wire and cable insulation, films and sheets, coatings, and other industrial applications. The dominance of ETFE resins can be attributed to their suitability for multiple end-use industries and their superior performance characteristics.
On the other hand, among the mentioned types, the fastest-growing type in the global ETFE market is Powdered ETFE. Powdered ETFE offers unique advantages such as ease of handling, faster processing, and improved dispersion characteristics. It is extensively used in powder coating applications, where it provides excellent corrosion resistance, chemical resistance, and electrical properties. The growing demand for powder coatings in industries such as automotive, aerospace, and electronics is driving the rapid growth of powdered ETFE in the market.
Ethylene Tetrafluoroethylene Market Analysis by Application
In the global ethylene tetrafluoroethylene (ETFE) market, the dominant application is the Wire & Cable segment. ETFE is extensively used as an insulation material in the wire and cable industry. Its exceptional electrical properties, thermal stability, and resistance to harsh environments make it a preferred choice for insulating wires and cables in various industries.
On the other hand, the fastest-growing application in the global ETFE market is the Film & Sheet segment. ETFE films and sheets are gaining popularity in architectural applications, solar panels, and greenhouse structures. Their transparency, durability, and weather resistance make them suitable for use in these industries. Additionally, ETFE films and sheets are being increasingly adopted in industries requiring lightweight, high-strength materials with excellent light transmission properties.
Global ethylene tetrafluoroethylene Market By Type
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Ethylene Tetrafluoroethylene Market Regional Insights
In the global ethylene tetrafluoroethylene (ETFE) market, the most dominant region is Asia-Pacific. The Asia-Pacific region, which includes countries such as China, Japan, India, South Korea, and Australia, has emerged as a major market for ETFE. The dominance of the Asia-Pacific region can be attributed to rapid industrialization, infrastructure development, and increasing demand for advanced materials in various end-use industries. The Asia-Pacific region's dominance in the ETFE market is driven by factors such as rising construction activities, growing automotive production, and increasing investments in electrical and electronics industries. The region's robust manufacturing base and favorable government initiatives to support industrial growth have contributed to the high demand for ETFE in applications such as wire and cable insulation, architectural films, and coatings.
Regarding the fastest-growing region in the global ETFE market, it is North America. North America, comprising the US and Canada, is experiencing significant growth due to several factors. The region has a mature construction industry, with a focus on sustainable building practices and the use of advanced materials like ETFE for architectural applications. The increasing adoption of renewable energy sources, such as solar panels, also drives the demand for ETFE films and sheets.
Global ethylene tetrafluoroethylene Market By Geography
- Largest
- Fastest
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Ethylene Tetrafluoroethylene Market Dynamics
Ethylene Tetrafluoroethylene Market Drivers
Renewable Energy Sector
- The increasing focus on renewable energy, particularly solar power, is fueling the demand for ETFE films and sheets. ETFE's exceptional light transmission properties and ability to withstand varying weather conditions make it a preferred material for solar panels. As a result, the adoption of ETFE is rapidly accelerating in the renewable energy sector.
Ethylene Tetrafluoroethylene Market Restraints
High Manufacturing Costs
- One of the key restraints for the global ethylene tetrafluoroethylene (ETFE) market is the high manufacturing costs associated with the production of ETFE. The manufacturing process involves intricate procedures and specialized equipment, which contribute to higher production expenses compared to alternative materials. This cost factor can discourage certain end-use industries that seek more cost-effective alternatives to ETFE.
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Ethylene Tetrafluoroethylene Market Competitive Landscape
The market is highly competitive due to the presence of both established multinational corporations and regional players. The major players in the market have a strong focus on research and development activities to enhance the properties and performance of ETFE materials. They strive to introduce advanced manufacturing processes and develop new applications to maintain a competitive edge.
Ethylene Tetrafluoroethylene Market Top Player’s Company Profiles
- 3M Company (US)
- Solvay SA (Belgium)
- AGC Inc. (Japan)
- Chemours Company (US)
- Quadrant AG (Switzerland)
- Saint-Gobain Performance Plastics Corporation (France)
- Asahi Glass Co., Ltd. (Japan)
- Zeus Industrial Products, Inc. (US)
- Mitsubishi Chemical Corporation (Japan)
- Shanghai 3F New Materials Co., Ltd. (China)
- RTP Company (US)
- Jiangsu Meilan Chemical Co., Ltd. (China)
- HaloPolymer OJSC (Russia)
- Everflon Polymer Co., Ltd. (China)
- Daikin Chemical Asia Pacific Pte. Ltd. (Singapore)
- Dongyue Group Ltd. (China)
- Ensinger GmbH (Germany)
Ethylene Tetrafluoroethylene Market Recent Developments
- In June 2023, Vector Foiltec GmbH, a leading manufacturer of ETFE films and membranes, announced the expansion of its production capacity in Germany. The expansion is expected to be completed in 2024 and will increase the company's annual production capacity by 50%.
- In May 2023, Daikin Industries, Ltd., a Japanese chemical company, announced the development of a new type of ETFE film that is more resistant to UV radiation. The new film is expected to be used in a variety of applications, including roofing, greenhouses, and sports stadiums.
- In April 2023, Solvay, a Belgian chemical company, announced the opening of a new ETFE production plant in China. The plant is expected to have an annual production capacity of 10,000 metric tons.
- In March 2023, 3M Company, an American multinational conglomerate, announced the launch of a new line of ETFE films for use in a variety of applications, including roofing, greenhouses, and sports stadiums.
- In February 2023, Arkema, a French multinational chemical company, announced the acquisition of Dongyue Group, a Chinese manufacturer of ETFE films. The acquisition is expected to strengthen Arkema's position in the global ETFE market.
Ethylene Tetrafluoroethylene Key Market Trends
- One key market trend in the global ethylene tetrafluoroethylene (ETFE) market is the increasing adoption of ETFE in sustainable and green building practices. As the construction industry continues to prioritize energy efficiency and environmental sustainability, ETFE is gaining prominence as a preferred material for architectural applications. ETFE's lightweight nature, high transparency, and durability align well with the goals of sustainable construction, where energy consumption reduction and eco-friendly designs are essential.
Ethylene Tetrafluoroethylene Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global ethylene tetrafluoroethylene analysis, The report delves into the various segments of the market based on types, applications, and regions, providing a detailed understanding of the market dynamics. In terms of market segmentation by type, the report highlights the dominant and fastest-growing types of ETFE, shedding light on their respective market shares and growth rates. It identifies the factors contributing to the dominance of certain types, such as ETFE resins, which are widely used across diverse industries due to their versatility and superior performance characteristics. Additionally, the report identifies powdered ETFE as the fastest-growing type, driven by its unique advantages and increasing demand for powder coatings in industries like automotive and aerospace. Furthermore, the report provides insights into the market segmentation by application, revealing the most dominant and fastest-growing applications of ETFE. It highlights the Wire & Cable segment as the dominant application, owing to the extensive use of ETFE as an insulation material. Simultaneously, the Film & Sheet application emerges as the fastest-growing segment, driven by its increasing adoption in architectural applications and renewable energy sectors such as solar panels. A crucial aspect covered in the report is the regional analysis of the global ETFE market, identifying the most dominant and fastest-growing regions. The Asia-Pacific region emerges as the dominant market, attributed to rapid industrialization, infrastructure development, and increasing demand from various end-use industries. On the other hand, North America is identified as the fastest-growing region, driven by its focus on sustainable construction practices and renewable energy sources.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 4.4 billion |
| Market size value in 2030 | USD 7.95 billion |
| Growth Rate | 6.3% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ethylene Tetrafluoroethylene Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ethylene Tetrafluoroethylene Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ethylene Tetrafluoroethylene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ethylene Tetrafluoroethylene Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ethylene Tetrafluoroethylene Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ethylene Tetrafluoroethylene Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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