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The ethylene tetrafluoroethylene (ETFE) market share is expected to increase by USD 193.11 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.00%.
This ethylene tetrafluoroethylene (ETFE) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ethylene tetrafluoroethylene (ETFE) market segmentation by application (films and sheets, wire and cables, tubes, coatings, and others) and geography (North America, APAC, Europe, MEA, and South America). The ethylene tetrafluoroethylene (ETFE) market report also offers information on several market vendors, including 3M Co., AGC Inc., Daikin Industries Ltd., DuPont de Nemours Inc., HaloPolymer OJSC, Hubei Everflon Polymer CO. Ltd., Mitsubishi Chemical Corp., Solvay SA, The Chemours Co., and Zeus Industrial Products Inc. among others.
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The usage of ETFE in the building and construction industry is notably driving the ethylene tetrafluoroethylene (ETFE) market growth, although factors such as risks involved during handling of ETFE resins may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ethylene tetrafluoroethylene (ETFE) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ethylene Tetrafluoroethylene (ETFE) Market Driver
One of the key factors driving the global ethylene tetrafluoroethylene (ETFE) market growth is the usage of ETFE in the building and construction industry. ETFE films are suitable for architectural applications, as they offer stress-crack resistance and can maintain resistance to harsh weather. The ETFE is now used in big projects. For instance, the National Aquatics Center in Beijing was designed by China State Construction Engineering Corporation Ltd. that also hosted events such as Olympic Games. The center comprises over 100,000 m2 of Texlon ETFE foils, which makes the center the largest ETFE structure in the world. The use of ETFE foils in the project resulted in a 30% reduction in total energy consumption and a 55% reduction in lighting energy required for the pool hall. It also led to the trapping of 20% of solar energy, which was used for heating. The preference of ETFE over conventional glass for the construction of roofs and panels in such large-scale architectural projects will drive the market growth during the forecast period.
Key Ethylene Tetrafluoroethylene (ETFE) Market Trend
Another key factor driving the global ethylene tetrafluoroethylene (ETFE) market growth is the usage of ETFE films for greenhouses as it serves as a durable covering material for greenhouses. It is lighter than glass in weight but has much higher UV transmission rates. Furthermore, the light transmission rates of ETFE are higher than other commonly used coverings in greenhouses, including polyethylene, polycarbonate, and acrylic glazing. Prominent vendors in the market, such as AGC Inc., offer ETFE films for usage in greenhouses under the brand name F-CLEAN. These film sheets are available in a thickness range of 60 µm (2.4 mils) to 100 µm (4 mils). Thus, the benefits of using ETFE films for greenhouses will lead to the increased adoption of these films in horticulture, which will contribute to the growth of the global ETFE market during the forecast period.
Key Ethylene Tetrafluoroethylene (ETFE) Market Challenge
One of the key challenges to the global ethylene tetrafluoroethylene (ETFE) market growth is the risks involved during the handling of ETFE resins. When ETFE resins are heated to temperatures above 200°C-260°C, some decomposition products may be given off. These decomposition products may be harmful, and the inhalation of these fumes must be avoided. Furthermore, smoking tobacco or cigarettes contaminated with ETFE may cause flu-like symptoms, such as chills, fever, and sore throat. Additionally, mixing ETFE with some finely divided metals, such as magnesium or aluminum, can be flammable or explosive under some conditions. Various trade associations such as the Plastics Industry Association in the US and Plastics Europe offer guidelines for vendors for the safe handling of fluoropolymer resins, including ETFE resins. Such factors are expected to negatively impact the growth of the market in focus during the forecast period.
This ethylene tetrafluoroethylene (ETFE) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ethylene tetrafluoroethylene (ETFE) market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ethylene tetrafluoroethylene (ETFE) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the ethylene tetrafluoroethylene (ETFE) market encompasses successful business strategies deployed by the key vendors. The ethylene tetrafluoroethylene (ETFE) market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The ethylene tetrafluoroethylene (ETFE) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the ethylene tetrafluoroethylene (ETFE) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for ethylene tetrafluoroethylene (ETFE) in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.
The huge investment in the building and construction industry in countries such as the US and Canada will facilitate the ethylene tetrafluoroethylene (ETFE) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional ETFE market. Vendors in the market experienced supply chain disruptions due to the shutdown of their manufacturing units. Vendors such as Chemours reported a decline in revenue in 2020 due to the low sales of chemicals, including ETFE. The company's net sales declined by 10% in 2020 as compared to 2019. However, in H2 2020, due to the availability of vaccines and the decline in the number of COVID-19 cases in the region, COVID-19-related restrictions were eased. This led to the reopening of manufacturing units of ETFE vendors, which is expected to positively impact the market growth during the forecast period.
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The ethylene tetrafluoroethylene (ETFE) market share growth by the films and sheets segment will be significant during the forecast period. The significant increase in the demand for ETFE by various end-use industries, such as building and construction, pharmaceutical, solar, electrical, chemical, and automotive will drive the market growth through this segment. For instance, vendors such as Textiles Coated International offer ETFE films for architectural and greenhouse applications under the brand name Reveal.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ethylene tetrafluoroethylene (ETFE) market size and actionable market insights on post COVID-19 impact on each segment.
Ethylene market - The market share is expected to increase to 37.05 million tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.01%.
Ethylene Propylene Diene Monomer (EPDM) market - the market share is expected to increase by USD 511 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.4%.
Ethylene Oxide and Ethylene Glycol market - The market has the potential to grow by USD 19.55 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.89%.
Ethylene Tetrafluoroethylene (ETFE) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.00% |
Market growth 2022-2026 |
$ 193.11 million |
Market structure |
Fragmented |
YoY growth (%) |
7.00 |
Regional analysis |
North America, APAC, Europe, MEA, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, China, Germany, Japan, and Canada |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., AGC Inc., Daikin Industries Ltd., DuPont de Nemours Inc., HaloPolymer OJSC, Hubei Everflon Polymer CO. Ltd., Mitsubishi Chemical Corp., Solvay SA, The Chemours Co., and Zeus Industrial Products Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
**2.2: Market Characteristics
*Exhibit 02: Market Characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis: Specialty Chemicals
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 06: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 07: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
*Exhibit 08: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2021
***5 Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 15: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 16: Comparison by Application
**5.3 Films and sheets - Market size and forecast 2021-2026
*Exhibit 17: Films and sheets - Market size and forecast 2021-2026 ($ million)
*Exhibit 18: Films and sheets - Year-over-year growth 2021-2026 (%)
**5.4 Wire and cables - Market size and forecast 2021-2026
*Exhibit 19: Wire and cables - Market size and forecast 2021-2026 ($ million)
*Exhibit 20: Wire and cables - Year-over-year growth 2021-2026 (%)
**5.5 Tubes - Market size and forecast 2021-2026
*Exhibit 21: Tubes - Market size and forecast 2021-2026 ($ million)
*Exhibit 22: Tubes - Year-over-year growth 2021-2026 (%)
**5.6 Coatings - Market size and forecast 2021-2026
*Exhibit 23: Coatings - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Coatings - Year-over-year growth 2021-2026 (%)
**5.7 Others - Market size and forecast 2021-2026
*Exhibit 25: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Others - Year-over-year growth 2021-2026 (%)
**5.8 Market opportunity by Application
*Exhibit 27: Market opportunity by Application
***6 Customer landscape
**6.1 Overview
*Exhibit 28: Customer landscape
***7 Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 29: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 30: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 31: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: North America - Year-over-year growth 2021-2026 (%)
**7.4 APAC - Market size and forecast 2021-2026
*Exhibit 33: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: APAC - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 35: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Europe - Year-over-year growth 2021-2026 (%)
**7.6 MEA - Market size and forecast 2021-2026
*Exhibit 37: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: MEA - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 39: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: South America - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 41: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 42: Market opportunity by geography ($ million)
***8 Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Usage of ETFE in building and construction industry
*8.1.2 Growing demand from automotive industry
*8.1.3 Usage of ETFE wires in aerospace industry
**8.2 Market challenges
*8.2.1 Risks involved during handling of ETFE resins
*8.2.2 ETFE allows more sound transmission as compared to other materials
*8.2.3 ETFE requires precise installation technique
*Exhibit 43: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Usage of ETFE films for greenhouses
*8.3.2 Usage of ETFE photovoltaic panels
*8.3.3 Usage of ETFE in artistic structures
***9. Vendor Landscape
**10.1 Competitive scenario
**10.2 Vendor landscape
*Exhibit 44: Vendor Landscape
**10.3 Landscape disruption
*Exhibit 45: Landscape disruption
**10.4 Industry risks
*Exhibit 46: Industry risks
***11. Vendor Analysis
**11.1 Vendors covered
*Exhibit 47: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 48: Market positioning of vendors
**10.3 3M Co.
*Exhibit 49: 3M Co. - Overview
*Exhibit 50: 3M Co. - Business segments
*Exhibit 51: 3M Co. - Key offerings
*Exhibit 52: 3M Co. - Segment focus
**10.4 AGC Inc.
*Exhibit 53: AGC Inc. - Overview
*Exhibit 54: AGC Inc. - Business segments
*Exhibit 55: AGC Inc. - Key offerings
*Exhibit 56: AGC Inc. - Segment focus
**10.5 Daikin Industries Ltd.
*Exhibit 57: Daikin Industries Ltd. - Overview
*Exhibit 58: Daikin Industries Ltd. - Business segments
*Exhibit 59: Daikin Industries Ltd. - Key offerings
*Exhibit 60: Daikin Industries Ltd. - Segment focus
**10.6 DuPont de Nemours Inc.
*Exhibit 61: DuPont de Nemours Inc. - Overview
*Exhibit 62: DuPont de Nemours Inc. - Business segments
*Exhibit 63: DuPont de Nemours Inc. - Key offerings
*Exhibit 64: DuPont de Nemours Inc. - Segment focus
**10.7 HaloPolymer OJSC
*Exhibit 65: HaloPolymer OJSC - Overview
*Exhibit 66: HaloPolymer OJSC - Product and service
*Exhibit 67: HaloPolymer OJSC - Key offerings
**10.8 Hubei Everflon Polymer CO. Ltd.
*Exhibit 68: Hubei Everflon Polymer CO. Ltd. - Overview
*Exhibit 69: Hubei Everflon Polymer CO. Ltd. - Product and service
*Exhibit 70: Hubei Everflon Polymer CO. Ltd. - Key offerings
**10.9 Mitsubishi Chemical Corp.
*Exhibit 71: Mitsubishi Chemical Corp. - Overview
*Exhibit 72: Mitsubishi Chemical Corp. - Business segments
*Exhibit 73: Mitsubishi Chemical Corp. - Key offerings
*Exhibit 74: Mitsubishi Chemical Corp. - Segment focus
**10.10 Solvay SA
*Exhibit 75: Solvay SA - Overview
*Exhibit 76: Solvay SA - Business segments
*Exhibit 77: Solvay SA - Key offerings
*Exhibit 78: Solvay SA - Segment focus
**10.11 The Chemours Co.
*Exhibit 79: The Chemours Co. - Overview
*Exhibit 80: The Chemours Co. - Business segments
*Exhibit 81: The Chemours Co. - Key offerings
*Exhibit 82: The Chemours Co. - Segment focus
**10.12 Zeus Industrial Products Inc.
*Exhibit 83: Zeus Industrial Products Inc. - Overview
*Exhibit 84: Zeus Industrial Products Inc. - Product and service
*Exhibit 85: Zeus Industrial Products Inc. - Key offerings
***12. Appendix
**12.1 Scope of the report
*12.1.1 ????Market definition
*12.1.2 ????Objectives
*12.1.3 ????Notes and caveats
**12.2 Currency conversion rates for US$
*Exhibit 86: ?Currency conversion rates for US$?
**12.3 Research Methodology
*Exhibit 87: ?Research Methodology
*Exhibit 88: ??Validation techniques employed for market sizing?
*Exhibit 89: ??Information sources
**12.4 List of abbreviations
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