“The ETFE market is projected to grow at a CAGR of 8.0% from 2018 to 2023, in terms of value.”
The Ethylene Tetrafluoroethylene (ETFE) market is projected to grow from USD 352.4 million in 2018 to USD 518.4 million by 2023, at a CAGR of 8.0% between 2018 and 2023. The eco-friendly and recyclable properties of ethylene tetrafluoroethylene, increased demand for ethylene tetrafluoroethylene from various end-use industries, and better properties offered by ethylene tetrafluoroethylene than glass and other conventional fluoropolymers are driving the growth of the ETFE market across the globe. However, a higher level of transmission of sound through ethylene tetrafluoroethylene materials than glass and ethylene tetrafluoroethylene materials being prone to punctures by sharp edges are expected to restrain the growth of the ETFE market during the forecast period.
“The wires & cables application segment is projected to grow at the highest CAGR in the ETFE market during the forecast period, in terms of both, volume and value.”
Ethylene tetrafluoroethylene is used as an insulation material for wires & cables and cable jacketing. Ethylene tetrafluoroethylene-insulated wires & cables exhibit a high level of mechanical toughness, flexibility, and abrasion resistance. Ethylene tetrafluoroethylene insulations are commonly used in applications, which require high mechanical strength, improved chemical resistance, high-temperature endurance, and excellent electrical stability. These insulations are used for medical and scientific instruments, computers, motors, transformers, aircraft, appliances, process instrumentation, and marine systems.
“Rising demand for ethylene tetrafluoroethylene from the North American region is a key factor driving the growth of the ETFE market between 2018 and 2023.”
The North American region is the largest market for ethylene tetrafluoroethylene across the globe. The growth of the North America ETFE market can be attributed to the increased demand for ethylene tetrafluoroethylene from the region as it is preferred for various applications in different end-use industries. Moreover, the increase in the number of commercial and institutional constructions in the North American region, backed by developments in the housing sector, is also expected to fuel the growth of the North America ETFE market during the forecast period. The building & construction sector is witnessing an increased demand for ethylene tetrafluoroethylene as it is used for the construction of commercial buildings. Ethylene tetrafluoroethylene is used for constructing solar farms, medical centers, housing towers, composite wing centers, malls, and entertainment centers, among others in the North American region.
In the process of determining and verifying the market sizes for several segments and subsegments of the ETFE market gathered through secondary research, extensive primary interviews were conducted. The break-up of the primary interviews is given below:
- By Company Type: Tier 1 – 42%, Tier 2 – 25%, and Others – 33%
- By Designation: C Level – 36%, Director Level – 19%, and Others – 45%
- By Region: Europe – 42%, North America – 25%, Asia Pacific – 17%, South America – 8%, and the Middle East & Africa – 8%
Note: Other designations include sales managers, marketing managers, and product managers.
Tiers of the companies are based on their total revenue in 2017; Tier I – revenue greater than USD 5 billion, Tier II – revenue between USD 1 billion and USD 5 billion, and Tier III – revenue less than USD 1 billion.
The key companies profiled in this market research report include Asahi Glass Company (Japan), Daikin Industries (Japan), The Chemours Company (US), 3M (US), Quadrant (Switzerland), Guangzhou LiChang Fluoroplastics (China), Hubei Everflon Polymer (China), Ensinger (Germany), and Vector Foiltec (Germany).
The report covers the market for ethylene tetrafluoroethylene across different industry verticals and regions. It aims at estimating the market size and potential of the ETFE market based on type, technology, application, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.
Reasons To Buy the Report
The report is expected to help market leaders/new entrants by providing them the closest approximations of revenues in the ETFE market. This report also aims at helping the stakeholders understand the competitive landscape of the market by providing them insights to position their businesses and formulate market strategies. The report is also expected to help the stakeholders understand the pulse of the market and acquire information on the key drivers, restraints, challenges, and opportunities for the ETFE market.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on ethylene tetrafluoroethylene offered by the top market players.
- Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the ETFE market.
- Market Development: Comprehensive information about the lucrative emerging markets – the report analyzes the market for ethylene tetrafluoroethylene across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ETFE market.
- Competitive Assessment: In-depth assessment of the market shares, growth strategies, products, and manufacturing capabilities of the leading players in the ETFE market.