The increasing use of ETFE in various applications and rapid economic growth are expected to create growth opportunities for the market.
The global ETFE market size is projected to reach nearly USD 202.1 million in 2020The fluorine-based material ethylene tetrafluoroethylene (ETFE) It is intended to be corrosion resistant and strong across a wide temperature range. It is a polymer with the source-based designation poly (ethene-co-tetrafluoroethene). It has a relatively high melting point, as well as strong chemical, electrical, and high-energy radiation resistance. It emits hydrofluoric acid when burnt. ETFE may be processed using any common thermoplastic processing method, including injection molding, compression molding, blow molding, rotational molding, extrusion, and wire coating.
The rising demand for ethylene tetrafluoroethylene (ETFE) from different end-use industries, as well as its eco-friendly and recyclable qualities, which are thought to be superior to those supplied by glass and other traditional fluoropolymers, are likely to drive the worldwide ETFE market during the projected period.
Ethylene tetrafluoroethylene is a fluorine-based ethylene-tetrafluoroethylene copolymer (TFE). It is well-known for its high-performance properties, including as great strength and temperature tolerance throughout a wide temperature range. Furthermore, because ETFE is lightweight and has a high light transmittance, it is extensively employed as an appealing substitute for glass in outdoor building operations. Some well-known structures that use ETFE material in their construction include the Allianz Arena in Munich, the Eden Project in the United Kingdom, and the Beijing Olympic Swimming Stadium. Furthermore, it is used in various end-use sectors like as automotive, nuclear, and medical.
Increased demand for ETFE in construction applications such as roofing for courtyards, retail malls, and commercial buildings is likely to boost the global market. This is mostly due to the material's rising use due to its strong radiation resistance and beautiful look. ETFE is also employed in solar panel applications due to its superior filth and wear resistance and great durability. Furthermore, the material is recyclable and emits no harmful emissions into the environment, making it appropriate for use in sustainable structures. This is driving up demand for the goods on the global market.
Furthermore, rising demand for ETFE as a result of its high-performance applications in the automotive and medical industries is providing attractive prospects for companies in the worldwide ethylene tetrafluoroethylene (ETFE) market.
However, the acoustic transparency of ethylene tetrafluoroethylene is anticipated to stifle its global market expansion. Furthermore, despite its great strength, ETFE is readily perforated and so is not commonly utilized in external wall and window applications. This restricts the worldwide market's expansion even further.
The study also assesses the demand using value chain analysis to highlight the different characteristics of the global ETFE industry. Furthermore, the ETFE market report covers various qualitative aspects of the industry, such as market restraints, key industry drivers, and opportunities. In addition, the report offers a comprehensive analysis of the competition by company profiles and the competitiveness of local and global vendors.
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