GVR Report cover Ethylene Tetrafluoroethylene Market Size, Share & Trends Report

Ethylene Tetrafluoroethylene Market Size, Share & Trends Analysis Report By Type, By End-Use, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454321
  • Number of Pages: 0
  • Format: Electronic (PDF)

Ethylene tetrafluoroethylene (ETFE) is a fluorine-based polymer having applications in various industries such as automotive, construction, aerospace, electronics, and nuclear among others. The demand for ETFE is rising owing to its exceptional attributes including high tensile strength, high resistance to corrosion and temperature, resistance to radiation, lightweight, and thermal stability. There is a rise in the demand for building materials in the roof covering for special construction such as stadiums which is likely to boost the demand for ETFE cables from the aerospace industry. However, stringent regulations and rising environmental concerns related to ETFE might create barriers to overall industry growth.

ETFE is highly durable and recyclable, which makes it suitable for usage in sustainable buildings. Further, there is a shift in the usage of ETFE PV panels from conventional PV panels by the market players in the photovoltaic (PV) industry, which is anticipated to act as an opportunity for the ETFE market over the forecast period. Moreover, the rising demand for ETFE as a substitute for glass and solar panels is likely to boost the overall industry growth.

North America region dominates the ethylene tetrafluoroethylene (ETFE) market, with the U.S. having the largest market share. This is attributable to the rising trend of tensile architecture across the region. It is widely used in various construction projects in the U.S. such as the Allegiant Stadium in Las Vegas, Bank of California Stadium in California, Hard Rock Stadium in Florida, SoFi Stadium in California, and US Bank Stadium in Minnesota among others. Further, the increasing demand for ETFE sheets and coatings is also expected to positively impact industry growth in the coming years.

The ethylene tetrafluoroethylene (ETFE) market is consolidated in nature, with few companies having a larger share in the industry. The key industry players include 3M, The Chemours Company, Ensingerm Daikin Industries Ltd, and AGC Chemicals among others. These companies are adopting and developing several growth strategies such as mergers and acquisitions, contracts, agreements, and plant and product portfolio expansion in order to gain a competitive edge in the market space.

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