The Ethylene Tetrafluoroethylene (ETFE) industry was valued at USD 327.2 million in 2020 and is predicted to reach USD 518.7 million in 2025, with a CAGR of 8.7% during the foreseen period. Ethylene tetrafluoroethylene is known for its high performance features, like high strength and excellent strength over a broad temperature variety. For example, some of the best known structures that have ETFE materials in their construction are the Allianz Arena in Munich, the Eden Project in the UK, and the Beijing Olympic Swimming Stadium. ETFE, owing to its high resistance to dirt and wear and excellent durability, is also employed in solar panel uses. This further fuels the call for the product on the world industry.
Market drivers and restraints:
, Growing environmental concerns are driving the call for green and environmentally friendly buildings as they reduce the harmful impact on the environment. Since ETFE is environmentally friendly, its call is escalating in the construction of green buildings. ETFE is a resource-saving material because it is easily recyclable. Old ETFE elements can be transformed into new ETFE products, like tube and wire components or castings. The unique properties and recyclability of ETFE have escalated its call worldwidely. ETFE provides better sound transmission compared to other materials like glass and other plastics. This factor is significantly slowing the expansion of the ETFE industry. ETFE pillows transmit almost all outside sounds. However, noise and rain suppression systems are now being integrated into external structures with positive results. For a roof subject to raindrops, rain noise can be suppressed by adding an attenuating layer of rain to the surface of the cushions. This acts as a damper, stopping the reverberation of the sound around the space below. However, adding additional layers to the surface will increase the construction cost. Additionally, the escalating call for ETFE due to its high-performance applications in the automotive and medical industries is creating more lucrative opportunities for players in the worldwide Ethylene Tetrafluoroethylene (ETFE) industry. However, the acoustic transparency of ethylene tetrafluoroethylene is likely to hamper its expansion in the world industry. Also, despite its high strength, ETFE can be easily punctured and is therefore not generally employed on exterior walls and windows. This also puts a limit on the expansion of the worldwide industry.
To know more, click on the link below:
Report segmented as:
Films & sheets
Wires & cables
North America accounted for substantial industry share in 2020. Escalating call for ETPE materials in construction applications and growing residential and commercial activity in the United States are predicted to drive the industry. Furthermore, the use of the product, due to its high mechanical toughness, in aircraft and spacecraft wiring applications further increases the call in the region. Europe is also predicted to register significant expansion during the foreseen period due to a switch to environmentally friendly products due to growing environmental concerns in the region. Germany, Belgium and France are the main countries contributing to the expansion of the regional industry. Latin America, the Middle East and Africa are predicted to show healthy expansion during the foreseen period due to escalated construction activity and expansion of the automotive industry in the regions.
Important market players:
The key players in the ETFE market include Asahi Glass Company (Japan), Daikin Industries (Japan), The Chemours Company (US), 3M (US), Quadrant (Switzerland), Guangzhou LiChang Fluoroplastics (China), Hubei Everflon Polymer (China), Ensinger (Germany), Vector Foiltec (Germany), DowDupont (US), Ensinger (Germany), Halopolymer OJSC (Russia), Li Chang Technology (Ganzhou) Co., Ltd. (China), Saint-Gobain Performance Plastics (France), Solvay (Belgium), and Zeus Industrial Products Inc. (US).
View a sample and decide:
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
For more information:
Sales Manager at Market Data Forecast