HOME Top Market Reports ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023

ETFE Market by Type (Pellet/Granule, Powder), Technology (Extrusion, Injection), Application (Films & Sheets, Wires & Cables, Tubes, Coatings), and Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: CH 2986

 

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[130 Pages Report] Ethylene Tetrafluoroethylene (ETFE) market was valued at USD 327.7 million in 2017 and is projected to reach USD 518.4 million by 2023, at a CAGR of 8.0% during the forecast period. The base year considered for this study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the Study:

  • To define, segment, and project the ETFE market, in terms of volume and value
  • To define, describe, and forecast the ETFE market based on type, technology, and application
  • To analyze and forecast the size of the ETFE market with respect to 5 main regions, namely, Europe, North America, Asia Pacific, the Middle East & Africa, and South America, along with their respective key countries
  • To provide information about drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the ETFE market
  • To strategically analyze micromarkets with respect to the individual growth trends and prospects, and their contribution to the overall ETFE market
  • To analyze opportunities in the market for the stakeholders and provide details of the competitive landscape of the ETFE market
  • To strategically profile the key players operating in the ETFE market and comprehensively analyze their core competencies
  • To analyze competitive developments such as contracts & agreements and new product launches in the ETFE market

Both, the top-down and bottom-up approaches were used to estimate and validate the size of the ETFE market and to estimate the size of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, the Independent Chemical Information Service (ICIS), and the Securities and Exchange Commission (SEC), among various government and private websites to identify and collect information useful for a technical, market-oriented, and commercial study of the ETFE market.

ETFE Market

To know about the assumptions considered for the study, download the pdf brochure

The ETFE market has a diversified and established ecosystem of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers and vendors of ethylene tetrafluoroethylene, end users, and government organizations. The key players in the ETFE market 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).

Key Target Audience:

  • Manufacturers of Ethylene Tetrafluoroethylene
  • Suppliers of Ethylene Tetrafluoroethylene Manufacturing Tools and Equipment
  • Traders, Distributors, and Suppliers of Ethylene Tetrafluoroethylene
  • Government & Regional Agencies and Research Organizations
  • Investment Research Firms

Scope of the Report:

The ETFE market is covered in detail in this report. The current market demand and forecasts are also included in this report to provide a comprehensive market scenario.

ETFE Market, by Type:

  • Pellet/Granule
  • Powder

ETFE Market, by Technology:

  • Extrusion
  • Injection
  • Others (Rotational Molding, Electrostatic Spraying/Fluid Dip Coating, and Blow Molding)

ETFE Market, by Application:

  • Films & Sheets
  • Wire & Cables
  • Tubes
  • Coatings
  • Others (Membranes and Foams)

ETFE Market, by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

The market is further analyzed for key countries in each of these regions.

Drivers

Eco-friendly and recyclable

ETFE is a lightweight material that can be recycled into useable ETFE products. It is 100% recyclable and requires less fabrication than traditional building materials, reducing C02 emission.

ETFE performs many functions of glass often with greater efficiency. The lifespan of glass is around 10 to 20 years while that of ETFE is around 30 to 50 years, without significant degradation. Being 100% recyclable and requiring minimal energy for transportation and installation, ETFE makes a significant contribution to the green construction.

Growing demand in end-use industries

ETFE is used in many applications such as wires & cables in automotive, industrial, aerospace, transit, and appliance industries. It is also used in films and sheets, tubing and pipes, electronic components, electrostatic and rotomolded vessel linings, valves, fittings, and pump housings. ETFE coatings are particularly well-suited for the semiconductor and pharmaceutical industries.

ETFE is used in buildings as a two or three layered air-filled cushion or as a single layer cable-supported structure. Building & construction, automotive, aerospace, nuclear, and coating industries use ETFE for various applications. Another key use of ETFE is for covering electrical and fiber-optic wiring used in high-stress, low-fume-toxicity, and high-reliability situations for instance in aircraft and spacecraft wiring. Some small cross-sectional wires such as the wires used for the wire-wrap technique is coated with ETFE.

Restraints

Transmits more sound than glass

ETFE allows more sound transmission as compared to other materials such as glass and other plastics. This factor is majorly restraining the ETFE market growth. ETFE pillows transmit almost all sounds from outside. However, noise and rain suppression systems are now being incorporated into external structures with successful results. For a roof subject to raindrops, the sound of rain can be suppressed by adding a rain attenuation layer on the surface of the cushions. This acts as a dampener, stopping the sound reverberating around the space below. Adding additional layers to the surface will, however, increase the cost of the construction.

Prone to punctures by sharp edges

Despite its strength, ETFE can be cut through with a sharp knife. Owing to this limitation, ETFE is generally not used in windows or on exterior walls unless a foundation of roughly 15 ft. is created off the ground. ETFE foil can be punctured with a knife or other sharp implements, which acts as a restraint for the ETFE market.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Regional Analysis:

  • A country-level analysis of the ETFE market based on technology

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities for Players in the ETFE Market
    4.2 ETFE Market Size, By Type
    4.3 ETFE Market Size, By Technology
    4.4 ETFE Market, By Application and Key Countries
    4.5 ETFE Market Size, Developed vs Developing Countries
    4.6 APAC: ETFE Market
    4.7 ETFE Market Attractiveness

5 Market Overview (Page No. - 35)
    5.1 Introduction
           5.1.1 Advantages & Disadvantages of ETFE
           5.1.2 ETFE vs Glass
           5.1.3 ETFE vs Pet
    5.2 Market Evolution
           5.2.1 ETFE Adoption
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Eco-Friendly and Recyclable
                    5.3.1.2 Growing Demand in End-Use Industries
                    5.3.1.3 Better Properties Than Glass and Other Conventional Fluoropolymers
           5.3.2 Restraints
                    5.3.2.1 Transmits More Sound Than Glass
                    5.3.2.2 Prone to Punctures By Sharp Edges
           5.3.3 Opportunities
                    5.3.3.1 Newer Applications of ETFE
           5.3.4 Challenges
                    5.3.4.1 ETFE is Not Completely Soundproof
                    5.3.4.2 Requires Precise Installation Techniques
    5.4 ETFE Market: Porter’s Five Forces Analysis
           5.4.1 Threat of Substitutes
           5.4.2 Bargaining Power of Buyers
           5.4.3 Threat of New Entrants
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Macroeconomic Indicators
           5.5.1 Trends and Forecast of GDP
           5.5.2 Trends in the Construction Industry
                    5.5.2.1 Trends and Forecast of the Construction Industry in North America
                    5.5.2.2 Trends and Forecast of the Construction Industry in Europe
                    5.5.2.3 Trends and Forecast of the Construction Industry in APAC
                    5.5.2.4 Trends and Forecast of the Construction Industry in the Middle East & Africa
                    5.5.2.5 Trends and Forecast of the Construction Industry in South America

6 ETFE Market, By Type (Page No. - 47)
    6.1 Introduction
    6.2 Pellet/Granule
    6.3 Powder

7 ETFE Market, By Technology (Page No. - 51)
    7.1 Introduction
    7.2 Extrusion Molding
    7.3 Injection Molding
    7.4 Others

8 ETFE Market, By Application (Page No. - 56)
    8.1 Introduction
    8.2 Films & Sheets
    8.3 Wires & Cables
    8.4 Tubes
    8.5 Coatings
    8.6 Others

9 ETFE Market, By Region (Page No. - 65)
    9.1 Introduction
           9.1.1 ETFE Market, By Type
           9.1.2 ETFE Market, By Technology
           9.1.3 ETFE Market, By Application
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Spain
           9.3.5 Italy
           9.3.6 Russia
           9.3.7 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Rest of APAC
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 105)
     10.1 Introduction
     10.2 Market Ranking of Key Players
     10.3 Competitive Situation and Trends
             10.3.1 Contracts & Agreements
             10.3.2 New Product Launches

11 Company Profiles (Page No. - 108)
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
     11.1 Asahi Glass Company
     11.2 Daikin Industries, Ltd.
     11.3 The Chemours Company
     11.4 3M
     11.5 Quadrant AG
     11.6 Guangzhou Lichang Fluoroplastics Co. Ltd.
     11.7 Hubei Everflon Polymer Co. Ltd.
     11.8 Ensinger GmbH
     11.9 Vector Foiltec

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 123)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (121 Tables)

Table 1 ETFE Market Snapshot (2018 vs 2023)
Table 2 ETFE Properties
Table 3 Comparison Between ETFE and Pet Properties
Table 4 Trends and Forecast of GDP, By Key Countries, 2015–2022 (USD Billion)
Table 5 Contribution of Construction Industry to GDP of North America, 2014–2021 (USD Billion)
Table 6 Contribution of Construction Industry to GDP of Europe, 2014–2021 (USD Billion)
Table 7 Contribution of Construction Industry to GDP of APAC, 2014–2021 (USD Billion)
Table 8 Contribution of Construction Industry to GDP of Middle East & Africa, 2014–2021 (USD Billion)
Table 9 Contribution of Construction Industry to GDP of South America, 2014–2021 (USD Billion)
Table 10 ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 11 ETFE Market Size, By Type, 2016–2023 (Ton)
Table 12 Pellet/Granule ETFE Market Size, By Region, 2016–2023 (USD Million)
Table 13 Pellet/Granule ETFE Market Size, By Region, 2016–2023 (Ton)
Table 14 Powder ETFE Market Size, By Region, 2016–2023 (USD Million)
Table 15 Powder ETFE Market Size, By Region, 2016–2023 (Ton)
Table 16 ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 17 ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 18 Extruded ETFE Market Size, By Region, 2016–2023 (USD Million)
Table 19 Extruded ETFE Market Size, By Region, 2016–2023 (Ton)
Table 20 Injection Molded ETFE Market Size, By Region, 2016–2023 (USD Million)
Table 21 Injection Molded ETFE Market Size, By Region, 2016–2023 (Ton)
Table 22 Others Market Size, By Region, 2016–2023 (USD Million)
Table 23 Others Market Size, By Region, 2016–2023 (Ton)
Table 24 ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 25 ETFE Market Size, By Application, 2016–2023 (Ton)
Table 26 ETFE Market Size in Films & Sheets, By Region, 2016–2023 (USD Million)
Table 27 ETFE Market Size in Films & Sheets, By Region, 2016–2023 (Ton)
Table 28 ETFE Market Size in Wires & Cables, By Region, 2016–2023 (USD Million)
Table 29 ETFE Market Size in Wires & Cables, By Region, 2016–2023 (Ton)
Table 30 ETFE Market Size in Tubes, By Region, 2016–2023 (USD Million)
Table 31 ETFE Market Size in Tubes, By Region, 2016–2023 (Ton)
Table 32 ETFE Market Size in Coatings, By Region, 2016–2023 (USD Million)
Table 33 ETFE Market Size in Coatings, By Region, 2016–2023 (Ton)
Table 34 ETFE Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 35 ETFE Market Size in Other Applications, By Region, 2016–2023 (Ton)
Table 36 ETFE Market Size, By Region, 2016–2023 (USD Million)
Table 37 ETFE Market Size, By Region, 2016–2023 (Ton)
Table 38 North America: ETFE Market Size, By Country, 2016–2023 (USD Million)
Table 39 North America: ETFE Market Size, By Country, 2016–2023 (Ton)
Table 40 North America: ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 41 North America: ETFE Market Size, By Type, 2016–2023 (Ton)
Table 42 North America: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 43 North America: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 44 North America: ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 45 North America: ETFE Market Size, By Application, 2016–2023 (Ton)
Table 46 US: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 47 US: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 48 Canada: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 49 Canada: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 50 Mexico: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 51 Mexico: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 52 Europe: ETFE Market Size, By Country, 2016–2023 (USD Million)
Table 53 Europe: ETFE Market Size, By Country, 2016–2023 (Ton)
Table 54 Europe: ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 55 Europe: ETFE Market Size, By Type, 2016–2023 (Ton)
Table 56 Europe: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 57 Europe: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 58 Europe: ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 59 Europe: ETFE Market Size, By Application, 2016–2023 (Ton)
Table 60 Germany: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 61 Germany: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 62 France: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 63 France: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 64 UK: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 65 UK: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 66 Spain: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 67 Spain: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 68 Italy: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 69 Italy: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 70 Russia: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 71 Russia: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 72 Rest of Europe: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 73 Rest of Europe: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 74 APAC: ETFE Market Size, By Country, 2016–2023 (USD Million)
Table 75 APAC: ETFE Market Size, By Country, 2016–2023 (Ton)
Table 76 APAC: ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 77 APAC: ETFE Market Size, By Type, 2016–2023 (Ton)
Table 78 APAC: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 79 APAC: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 80 APAC: ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 81 APAC: ETFE Market Size, By Application, 2016–2023 (Ton)
Table 82 China: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 83 China: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 84 Japan: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 85 Japan: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 86 South Korea: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 87 South Korea: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 88 India: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 89 India: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 90 Rest of APAC: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 91 Rest of APAC: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 92 Middle East & Africa: ETFE Market Size, By Country, 2016–2023 (USD Million)
Table 93 Middle East & Africa: ETFE Market Size, By Country, 2016–2023 (Ton)
Table 94 Middle East & Africa: ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 95 Middle East & Africa: ETFE Market Size, By Type, 2016–2023 (Ton)
Table 96 Middle East & Africa: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 97 Middle East & Africa: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 98 Middle East & Africa: ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 99 Middle East & Africa: ETFE Market Size, By Application, 2016–2023 (Ton)
Table 100 Saudi Arabia: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 101 Saudi Arabia: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 102 South Africa: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 103 South Africa: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 104 Rest of Middle East & Africa: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 105 Rest of Middle East & Africa: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 106 South America: ETFE Market Size, By Country, 2016–2023 (USD Million)
Table 107 South America: ETFE Market Size, By Country, 2016–2023 (Ton)
Table 108 South America: ETFE Market Size, By Type, 2016–2023 (USD Million)
Table 109 South America: ETFE Market Size, By Type, 2016–2023 (Ton)
Table 110 South America: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 111 South America: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 112 South America: ETFE Market Size, By Application, 2016–2023 (USD Million)
Table 113 South America: ETFE Market Size, By Application, 2016–2023 (Ton)
Table 114 Brazil: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 115 Brazil: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 116 Argentina: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 117 Argentina: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 118 Rest of South America: ETFE Market Size, By Technology, 2016–2023 (USD Million)
Table 119 Rest of South America: ETFE Market Size, By Technology, 2016–2023 (Ton)
Table 120 Contracts & Agreements, 2013–2018
Table 121 New Product Launches, 2013–2018


List of Figures (42 Figures)

Figure 1 ETFE Market Segmentation
Figure 2 ETFE Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 ETFE: Data Triangulation
Figure 6 Pellet/Granule to Register the Highest CAGR Between 2018 and 2023
Figure 7 Injection Molding Technology to Register A High Growth Between 2018 and 2023
Figure 8 Wires & Cables to Be the Fastest-Growing Application Between 2018 and 2023
Figure 9 APAC to Be the Fastest-Growing Market for ETFE Between 2018 and 2023
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2018 and 2023
Figure 11 Pellet/Granule ETFE to Witness the Highest Growth Among the Major Types Between 2018 and 2023
Figure 12 Injection Molding Technology to Witness the Highest Growth Between 2018 and 2023
Figure 13 Films & Sheets Segment to Account for the Largest Share in the ETFE Market in 2018
Figure 14 Demand for ETFE to Grow Faster in Developing Countries
Figure 15 Southeast Asian Countries to Register High Growth During the Forecast Period
Figure 16 India to Register the Highest CAGR in the ETFE Market Between 2018 and 2023
Figure 17 Invention and Adoption of ETFE
Figure 18 Overview of Factors Governing the ETFE Market
Figure 19 Pellet/Granule ETFE Type to Dominate the Global Market
Figure 20 Extrusion Technology to Dominate the Global ETFE Market
Figure 21 High Growth of Applications to Drive the ETFE Market in 2018
Figure 22 Films & Sheets Segment to Account for the Largest Share of the ETFE Market in 2018
Figure 23 India and China Emerging as Strategic Locations for ETFE Market
Figure 24 APAC to Witness A High Growth in the Pellet/Granule ETFE Market
Figure 25 APAC and North America to Lead the ETFE Market
Figure 26 APAC to Be the Leading ETFE Market
Figure 27 North America: ETFE Market Snapshot
Figure 28 Europe: ETFE Market Snapshot
Figure 29 APAC: ETFE Market Snapshot
Figure 30 Middle East & Africa: ETFE Market Snapshot
Figure 31 South America: ETFE Market Snapshot
Figure 32 Companies Adopted New Product Launch as the Key Growth Strategy Between 2013 and 2018
Figure 33 Market Ranking of Key Players (2017)
Figure 34 Asahi Glass Company: Company Snapshot
Figure 35 Asahi Glass: SWOT Analysis
Figure 36 Daikin Industries: Company Snapshot
Figure 37 Daikin Industries: SWOT Analysis
Figure 38 The Chemours Company: Company Snapshot
Figure 39 The Chemours Company: SWOT Analysis
Figure 40 3M: Company Snapshot
Figure 41 3M: SWOT Analysis
Figure 42 Quadrant: SWOT Analysis

The increasing use of Ethylene Tetrafluoroethylene (ETFE) in various applications in different end-use industries is driving the growth of the ETFE market across the globe. The 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.

Among types, the pellet/granule segment accounted for the largest share of the ETFE market in 2017, in terms of both, volume and value. Ethylene tetrafluoroethylene granules are widely used in the acid-resistant and alkali-resistant injection products, electric wires & cables, valve lining, and spray painting. Ethylene tetrafluoroethylene in granular form is extruded into films & sheets and wires & cables, which are then used by various end-use industries such as architecture, automotive, aerospace, and chemical processing.

The injection technology segment of the ETFE market is projected to grow at the highest CAGR between 2018 and 2023, in terms of both, volume and value. Ethylene tetrafluoroethylene resins can be processed at a wide range of temperatures due to their improved thermal stability and low melting points using the conventional injection molding techniques. Ethylene tetrafluoroethylene resins are also resistant to ultraviolet rays, making them suitable for outdoor applications.

Among applications, the films & sheets segment of the ETFE market accounted for the largest share of the ETFE market in 2017, in terms of both, volume and value. Presently, ethylene tetrafluoroethylene films & sheets are largely replacing glass in the building & construction industry due to their excellent light transmission properties. Ethylene tetrafluoroethylene sheets are assembled into cushions that are inflated for structural applications. These cushions provide thermal insulation with reduced initial costs and lesser structural support as compared to conventional glazed roofs.

ETFE Market

The North American region is the largest consumer of ethylene tetrafluoroethylene across the globe. The growth of the North America ETFE market can be attributed to the increased demand for ethylene tetrafluoroethylene from various end-use industries of the region. The Asia Pacific ETFE market is projected to grow at the highest CAGR during the forecast period, in terms of both, volume and value. The growth of the market in the Asia Pacific region is due to the easy availability of cheap labor and raw materials in the region. Moreover, the growing economy of countries such as China, Indonesia, Taiwan, and India is also attracting new foreign investments in these countries, thereby leading to the growth of various end-use industries in the Asia Pacific region. In addition, the formulation and implementation of various policies mandating the use of environment-friendly products have led to innovations in the ethylene tetrafluoroethylene industry of the region. However, high capital investments and requirement of a qualified workforce for carrying out operations related to ethylene tetrafluoroethylene are expected to restrain the growth of the ETFE market in the Asia Pacific region.

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), among others are the key players operating in the ETFE market.

Opportunities

Newer applications of ETFE

ETFE is being used in the architecture industry over the last 25 years. The architecture and construction sectors have experienced a revolution with the use of this material. ETFE helps in building artistic structures and in energy savings. In the case of ETFE cushions, they are kept continually pressurized by a small inflation unit which maintains the pressure at approx. 220 Pa and gives the foil structural stability and the roof some insulation properties.

As ETFE is transparent, self-cleaning, durable, and flexible to a great extent, it is emerging as one of the most popular materials in the building and design industries. The excellent properties of ETFE have made it a suitable material for many architectural projects of almost any shape. ETFE was used to construct artistic structures such as China’s Shenzhen East Huaqiao City Indoor Water Park, which is one of the largest ETFE projects in China, contributing to the popularity of ETFE structures in China.

Challenges

ETFE is not completely soundproof

ETFE structures are increasingly being used because of their transparency. It is, however, difficult to realize sufficient sound insulation for these structures, and also to predict the insulation and the sound intensity levels due to rain and other noise. For instance, Nottingham High School for Boys was built using ETFE. In order to mitigate the problem of noise at Nottingham High School, architects fitted a sound suppression system (a layer that acts as a dampener to soften the sound of the droplets hitting the tensioned cushion surface) to reduce noise levels during heavy rainfall. However, the problem was not resolved.

Requires precise installation techniques

Installation of large pieces of ETFE material requires a great deal of precision. Pneumatically pre-stressed ETFE systems obtain their integrity from an air inflation system. This system requires routine maintenance and service. The air has to be filtered in some way so as not to put excess moisture or debris into the system. Even single-layer systems require great coordination of details, as the exact amount of ETFE stretch has to be considered along with the loads it is designed to withstand.

Contracts & Agreements, 2013–2018

Date

Company name

Development

April 2018

3M (US)

The world’s largest faηade made of single layer ETFE film in Mexican first division club, FC Puebla has been renovated using 3M's Dyneon ETFE. The faηade is made of more than 30,000 square meters of film and rises to a height of around 40 meters.

March 2017

3M (US)

The company was chosen for the roof renovation at London’s Tottenham Hale bus station in 2014, in order to ensure the station is fit for purpose for decades to come. The bus station roof was covered with around 860 square meters of Dyneon ETFE highly transparent film.

New Product Launches, 2013–2018

Date

Company name

Development

March 2016

Asahi Glass Company (Japan)

The company Fluon ETFE LH-8000 which exhibits advanced adhesive properties that allow it to bond to dissimilar materials, such as polyamides, polyethylenes and metals. It is an ultra-low-melting resin that is cost-effective for applications such as chemical bags, hot water hoses, rubber hose mandrels, anti-stick conveyor belts, multilayer monofilament, interlayer insulation film for electronic substrates and tubes that convey harsh materials in the chemical, plastics, oil and gas, building and paint industries.

February 2016

Asahi Glass Company (Japan)

The company launched new ETFE resins, Fluon adhesive ETFEs which caters to the automotive components such as liquid and vapor fuel lines, compressor hoses, fuel tanks and filler necks and exhibit excellent performance in any construction.

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