Te global ETFE market is anticipated to reach a value of around USD 801.2 million by 2028. COVID-19 had a negative influence on the market in 2020. As a result of the pandemic scenarios, some countries throughout the world went into lockdown to stop the virus from spreading. Due to a halt in many industries such as construction, electrical and electronics, and others, demand for ethylene tetrafluoroethylene (ETFE) from diverse applications such as wire and cable, coatings, films, and sheets was badly impacted. However, the situation is likely to improve in 2021, benefiting the market's growth during the projection period.
In the medium term, increased demand for ETFE cables from the aerospace sector and expanding popularity of building materials in the roof covering of special structures such as stadiums are likely to fuel market expansion. However, increased environmental concerns and stricter EPA rules, as well as the detrimental effects of the COVID-19 epidemic, are projected to stymie market expansion. A transition in the photovoltaic (PV) industry's focus from conventional PV panels to ETFE PV panels is anticipated to present an opportunity in the future. North America dominated the world market, with the United States consuming the most.
ETFE Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 202.1 million|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||construction, electrical and electronics, and others,|
Key Segments of the Global ETFE Market
Type Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Films & Sheets, Wires & Cables
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global ETFE market.
- ETFE is widely used for various end uses, owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing personal care uses, there is a rise in the demand for ETFE which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global ETFE market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the ETFE industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type and End Use. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global ETFE market. The report will benefit: Every stakeholder involved in the ETFE market.
- Managers within the ETFE industry looking to publish recent and forecasted statistics about the global ETFE market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global ETFE market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Powder modular constructions are often used to provide temporary lodgings for personnel on the jobsite. Powder modular constructions are also utilized as impromptu offices, classrooms, and temporary hotels by a variety of end users, including industrial firms, municipal governments, school boards, healthcare clinics, and healthcare providers. Because of the enormous number of migrant laborers living on-site, Africa and the Middle East have high demand for Powder ETFE.
Buildings in ETFE are often built using a steel frame, steel, cold form steel wall panels, and hot-rolled steel framework. Steel usage dominates the ETFE market in terms of material consumption. It is well-known for its high strength-to-weight ratio. Steel-framed relocatable buildings have various benefits over wood-framed relocatable buildings. These include design flexibility, strength, structural integrity, durability, security, and fire resistance, all of which reduce the need for repairs and maintenance during the life of the building.
Owing to the increased need for industrial, commercial, and permanent constructions. Over the last few years, pellet/granule ETFE has emerged as an alternative to traditional building methods. It has evolved as a sustainable construction strategy that prefabricates multistory structures using lean manufacturing techniques.
The PMC modules can be modified to fit the current building structure or constructed independently. Idylls in Manhattan, New York, was the first to adopt this concept. The easy availability of finance, rising living standards, and rising income levels throughout the world are driving demand for houses, strengthening the market for Pellet/Granule ETFEs. Increased investment in residential and commercial infrastructure projects is expected to fuel market expansion even further.
The market is divided into five sections based on application type: films & sheets, wires & cables, tubes, coatings, and others. In terms of both value and volume, the films & sheets category accounted for the greatest share of the market in 2018, and it is expected to retain its dominance over the projected period as well. Because of its exceptional light transmission capabilities, ethylene tetrafluoroethylene films and sheets have recently supplanted glass in the building and construction sector. When inflated, ethylene tetrafluoroethylene sheets are inflated for structural purposes, providing thermal insulation with low starting costs and reduced structural suction.
The largest geographic market for ethylene tetrafluoroethylene was North America (ETFE). This massive demand for ethylene tetrafluoroethylene (ETFE) is a result of the region's expanding tensile architectural trend. The United States is the largest market for ethylene tetrafluoroethylene (ETFE) in North America, accounting for more than 75% of the regional market. ETFE is well-suited for applications such as oil and gas downhole cable and umbilical’s, low permeability automobile gasoline tubing, aerospace wire and cable, and solar top sheets films in the United States. ETFE is also commonly employed in the production of carbon fiber composites as release films.
ETFE is rapidly gaining popularity in the United States, where it is being utilized in some of the country's most visible projects. Two- and three-foil cushions are the most popular uses in the nation. However, single-layer installations, as well as high-performance systems with up to five foils, are also available. The US Bank Stadium is the nation's largest ETFE installation and the only stadium with a transparent ETFE roof.
ETFE has been utilized in a variety of structures in the United States, including the SoFi Stadium in California, Allegiant Stadium in Las Vegas, US Bank Stadium in Minnesota, Hard Rock Stadium in Florida, and Banc of California Stadium in California, among others. West End Stadium is a soccer-specific stadium that is currently under development in Cincinnati, Ohio. The stadium is projected to cost roughly USD 250 million to complete and will seat 26,000 people. Furthermore, several projects for federal and stadium developments are planned in the future, ranging from retail skylights to building envelopes, which will push the market examined.
The developing varied sectors in nations such as the United States and Canada have increased demand for ETFE coatings and sheets, resulting in a need for the ethylene tetrafluoroethylene (ETFE) market. The massive market size, along with North America's rapid growth, has played a significant role in the expansion of the ethylene tetrafluoroethylene (ETFE) market. Over the projection period, all of these variables are likely to contribute to the demand for ethylene tetrafluoroethylene (ETFE).