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Global Ethylene Tetrafluoroethylene (ETFE) Market Share, Size, Growth, Analysis, Forecast: By Product Type: Powder, Granule; By Technology: Injection Moulding, Extrusion Moulding; By Application: Films and Sheets, Wires and Cables, Tubes, Coatings, Others; By End Use: Automotive, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Ethylene Tetrafluoroethylene (ETFE) Market Outlook
The global ethylene tetrafluoroethylene (ETFE) market size attained a value of USD 372.8 billion in 2022. The market is further expected to grow at a CAGR of 7.40% between 2023 and 2028, reaching a value of USD 569.3 billion by 2028.
Key Trends in the Market
Ethylene tetrafluoroethylene (ETFE) refers to a type of plastic that is based on fluorine, and offers weather and heat resistance, chemical inertness, and high electrical insulation. With a high melting temperature, ETFE has a crystallinity range from 40% to 60% while its high corrosion resistance and superior mechanical strength of ETFE makes it applicable across the industrial sector.
- Ethylene tetrafluoroethylene (ETFE) is eco-friendly and recyclable which is a driving factor of the global ethylene tetrafluoroethylene (ETFE) market growth, owing to the growing transition from traditional industrial components towards those with lower impacts on the environment.
- Rising demand for ethylene tetrafluoroethylene (ETFE) as an alternative to glass, to make inflated multi-layered cushions and sheets is another driving factor of the market for ethylene tetrafluoroethylene (ETFE).
- Growing investments towards developing innovative and smart buildings across emerging economies are likely to heighten the application of ethylene tetrafluoroethylene (ETFE) in the forecast period in building and construction end uses.
- Increasing aerospace and defence expenditure across developing sovereign nations is escalating the incorporation of ethylene tetrafluoroethylene (ETFE) materials in insulation areas, which is one of the crucial ethylene tetrafluoroethylene (ETFE) market trends.
Global Ethylene Tetrafluoroethylene (ETFE) Market Analysis
Based on product type, the ethylene tetrafluoroethylene (ETFE) market segmentation is powder and granule. On the basis of technology, the market is bifurcated into injection moulding and extrusion moulding. By application, the market is classified into films and sheets, wires and cables, tubes, and coatings, among others. Based on end use, the market is segmented into automotive, building and construction, aerospace and defence, nuclear, solar energy, and medical, among others. The regional markets for ethylene tetrafluoroethylene (ETFE) are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global ethylene tetrafluoroethylene (ETFE) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- BASF SE
- AGC Group
- Solvey SA
- Daikin Industries, Ltd.
- 3M Co.
- Hubei Everflon Polymer Co. Ltd
- HaloPolymer OJSC
- Mitsubishi Chemical Group Corp
- Vector Foiltec
- Saint-Gobain Composite Solutions
- Others
Global Ethylene Tetrafluoroethylene (ETFE) Market Share by Product Type
The granule segment, based on product type, accounts for a sizable share of the ethylene tetrafluoroethylene market. ETFE granules possess high melting temperature and high resistance to radiation emitted by several energy sources, making them suitable for producing corrosion resistant components, wires, cables, insulation jackets, construction films, and valves linings, among others. The high-melt flow rates offered by ETFE granules is further heightening their demand in injection, extrusion, and various other moulding processes.
Global Ethylene Tetrafluoroethylene (ETFE) Market Share by End Use
Based on end use, the building and construction segment accounts for a significant share of the ethylene tetrafluoroethylene market. This can be attributed to the fire-resistant and light transmission properties offered by ETFE. It is a strong and lightweight material which makes it a useful architectural component. In this regard, rising investments towards developing modern buildings with well-defined architectural features are increasing the incorporation of ethylene tetrafluoroethylene (ETFE), thereby boosting the growth of this segment.
Competitive Landscape
BASF SE is a leading chemicals company which is considered one of the largest chemical producers across the world. Founded in 1865 and headquartered in Ludwigshafen, Germany, this company produces various plastic components.
AGC Group is a prominent chemicals company which is also a leading supplier of automotive components, glasses, and chemicals, among others. It was established in 1999 and is headquartered in Tokyo, Japan.
Solvey SA is a renowned chemical manufacturing company which produces and distributed specialty polymers, essential chemicals, and various industrial components. It was established in 1863 and is currently headquartered in Brussels, Belgium.
Other market players include Daikin Industries, Ltd., 3M Co., Hubei Everflon Polymer Co. Ltd, HaloPolymer OJSC, Mitsubishi Chemical Group Corp, Vector Foiltec, and Saint-Gobain Composite Solutions, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
|
| Breakup by Technology |
|
| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ethylene Tetrafluoroethylene (ETFE) Market Analysis
8.1 Key Industry Highlights
8.2 Global Ethylene Tetrafluoroethylene (ETFE) Historical Market (2018-2022)
8.3 Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast (2023-2028)
8.4 Global Ethylene Tetrafluoroethylene (ETFE) Market by Product Type
8.4.1 Powder
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Granule
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Ethylene Tetrafluoroethylene (ETFE) Market by Technology
8.5.1 Injection Moulding
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Extrusion Moulding
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Ethylene Tetrafluoroethylene (ETFE) Market by Application
8.6.1 Films and Sheets
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Wires and Cables
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Tubes
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Coatings
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Ethylene Tetrafluoroethylene (ETFE) Market by End Use
8.7.1 Automotive
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Building and Construction
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Aerospace and Defence
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Nuclear
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Solar Energy
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Medical
8.7.6.1 Historical Trend (2018-2022)
8.7.6.2 Forecast Trend (2023-2028)
8.7.7 Others
8.8 Global Ethylene Tetrafluoroethylene (ETFE) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Ethylene Tetrafluoroethylene (ETFE) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Ethylene Tetrafluoroethylene (ETFE) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Ethylene Tetrafluoroethylene (ETFE) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Ethylene Tetrafluoroethylene (ETFE) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Ethylene Tetrafluoroethylene (ETFE) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 AGC Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Solvey SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Daikin Industries, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 3M Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hubei Everflon Polymer Co. Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 HaloPolymer OJSC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mitsubishi Chemical Group Corp
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Vector Foiltec
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Saint-Gobain Composite Solutions
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ethylene Tetrafluoroethylene (ETFE) Market: Key Industry Highlights, 2018 and 2028
2. Global Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Form (USD Million), 2018-2022
3. Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Global Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Ethylene Tetrafluoroethylene (ETFE) Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Ethylene Tetrafluoroethylene (ETFE) Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Ethylene Tetrafluoroethylene (ETFE) Market Structure
Key Questions Answered in the Report
The market reached a value of USD 372.8 billion in 2022.
The market is estimated to grow at a CAGR of 7.40% between 2023 and 2028.
The market is estimated to witness a healthy growth between the forecast period of 2023-2028 to reach a value of USD 569.3 billion by 2028.
The eco-friendly and recyclable properties of ETFE, rising demand for ethylene tetrafluoroethylene (ETFE) as an alternative to glass, and the thriving building and construction sector are the major drivers of the market.
The key trends in the market include the growing investments towards developing innovative and smart buildings across emerging economies, increasing aerospace and defence expenditure, and advancements in technology.
Injection moulding and extrusion moulding are the major technologies of ethylene tetrafluoroethylene (ETFE) in the market.
Films and sheets, wires and cables, tubes, and coatings, among others, are the significant applications of ethylene tetrafluoroethylene (ETFE) in the market.
BASF SE, AGC Group, Solvey SA, Daikin Industries, Ltd., 3M Co., Hubei Everflon Polymer Co. Ltd, HaloPolymer OJSC, Mitsubishi Chemical Group Corp, Vector Foiltec, and Saint-Gobain Composite Solutions, among others, are the key market players, according to the report.
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