ETFE Market by Type (Pellet/Granule and Powder), Technology (Extrusion and Injection), Application (Films & Sheets, Wire & Cables, Tubes, Coatings, and Others), End Use Industry (Automotive, Construction, Aerospace & Defense, Nuclear, Medical and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026669 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 351.0 million mark in 2022 and is expected to hit US$ 624.3 million by 2030, recording a CAGR of 7.5% during the forecast period.

Increasing usage of ETFE in solar panels is augmenting the market growth

ETFE possesses thermal and chemical flexibility of fluoropolymers and good mechanical properties. It is used for front and backing sheets of PV modules. ETFE transmits 90% - 95% of light, which helps to improve the efficiency of solar cells, when used as front sheets for PV modules. Moreover, when used as backing sheets, they help improve durability due to their excellent resistance to adverse weather conditions and do not deteriorate. Also, the light weight of ETFE sheets helps in reducing the weight of PV modules. Therefore, surge in usage of ETFE in solar panels is augmenting the market growth.

Within the report, the market is segmented into type, technology, application, end use industry, and geography. By type, the market is bifurcated into pellet/granule and powder. On the basis of technology, the market is bifurcated into extrusion and injection. By application, the market is categorized into films & sheets, wire & cables, tubes, coatings, and others. Based on end use industry, the market is divided into automotive, construction, aerospace & defense, nuclear, medical and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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ETFE’s eco-friendly and recyclable properties are bolstering the market growth

ETFE stands for ethylene tetrafluoroethylene, it is a fluorine-based polymer having properties like high resistance to temperature and corrosion, high tensile strength, radiation resistance, thermal stability, and is relatively light weight. Moreover, ETFE is 100% recyclable, and self-cleaning. ETFE is mainly utilized in the building & construction industry as architectural films. Aerospace & defense, automotive, nuclear, and electronics are other end-use industries that require ETFE in various applications such as wires & cables, tubes, and jacketing. Thus, the versatility of ETFE is propelling its market growth.

Rising adoption in various industries is one of the major factors accelerating the market growth

The end use industries for ETFE are automotive, construction, aerospace & defense, nuclear, medical and others. In construction industry, ETFE is majorly used in non-residential, civil infrastructures, and commercial buildings for roofing application. Energy efficiency, cost control, low carbon emissions, sustainability, recyclability, and green buildings are major factors that influence the construction industry. ETFE films are lightweight, cost-effective, eco-friendly, 100% recyclable and esthetically preferred compared to glass. These properties propel the demand for ETFE films in the construction industry.

Recent strategic developments in ETFE market

The ETFE market has undergone several significant developments, and a few of these have been mentioned below:

  • In December 2020, AGC Chemicals Americas offered F-CLEAN ETFE film for commercial greenhouse facility operators. It offers light transmittance based on specific plant growing requirements.
  • In September 2019, Daikin America, Inc. announced the expansion of Decatur, Alabama facilities with an investment of up to USD 195 million. The expansion added production capabilities for polymers, enhance infrastructure and R&D capability.
  • In April 2019, Saint-Gobain Specialty Films produced solutions for solar module encapsulation. The company offers CHEMFILM front sheet ETFE films, which is used to improve photovoltaic performance.

The ETFE market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. AGC Inc., The Chemours Company, 3M, Daikin Industries Ltd., Vector Foiltec, HaloPolymer, Guangzhou Li Chang Fluoroplastics Co., Hubei Everflon Polymer Co., Ensinger Group, Dongyue Group, and Saint-Gobain S.A. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Plastic polymer providers
  • Players in construction industry
  • Films and sheets providers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Display panel and devices distributors and sales firms
  • End users of ETFE
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
    • Pellet/Granule
    • Powder
  • Technology
    • Extrusion
    • Injection
  • Application
    • Automotive
    • Construction
    • Aerospace & Defense
    • Nuclear
    • Medical
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • AGC Inc.
    • The Chemours Company
    • 3M
    • Daikin Industries Ltd.
    • Saint-Gobain S.A.

The List of Companies
- AGC Inc.
- The Chemours Company
- 3M
- Daikin Industries Ltd.
- Saint-Gobain S.A.

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