ETFE Market worth $451 million by 2026 | Key players AGC Inc., The Chemours Company, 3M, Daikin Industries, Vector Foiltec

According to recent market research the "ETFE Market by Type(Pellet/Granule, Powder), Technology(Extrusion, Injection), Application(Films & Sheets, Wire & Cables, Tubes, Coatings), End-use Industry(Building & Construction, Automotive, Aerospace & Defense) & Region - Global Forecast to 2026", is projected to grow from USD 334 million in 2021 to USD 451 million by 2026, at a CAGR of 6.2% during the forecast period. . The increased demand for ETFE in various end-use industries, increasing usage of ETFE in solar panels and better properties offered by ETFE than glass and other conventional fluoropolymers are driving the growth of the ETFE market across the globe. ETFE is used in various applications such as films & sheets, wire & cables, tubes, coatings, and others due to its lightweight. Moreover, ETFE is 100% recyclable and requires lesser fabrication than the traditional building materials, thereby reducing CO2 emissions. It is highly transparent and hence, allows a large amount of natural light to enter buildings, thereby creating bright and open spaces that can emulate the outdoors. This reduces the cost of artificial lighting and hence, resulting in energy saving. All these factors have also resulted in a significant demand for ETFE.

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The pellet/granule form of ETFE can be both, extruded and injected to convert it to films & sheets, wires & cables, and tubes, which are then used by various end-use industries such as architecture, automotive, chemical processing, and others. The excellent tear propagation resistance and extremely high resistance to the outdoor weathering offered by them, make ETFE granules suitable for the production of architectural and other films.

ETFE extrusion molding is suitable for various semi-finished products such as films & sheets, wires & cables, tubes, and coatings. ETFE is extruded from a resin into a highly transparent, strong, and lightweight sheet, commonly called a foil. The foil's surface is nonporous and has a low coefficient of friction, which allows the material to resist atmospheric pollution and the buildup of pollutants, dust, or dirt particles. The material is unaffected by UV rays and does not break down, discolor, or weaken structurally over time.

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The global Ethylene Tetrafluoroethylene (ETFE) market size is estimated to be USD 334 million in 2021 and is projected to reach USD 451 million by 2026, at a CAGR of 6.2% between 2021 and 2026. The North American region is the largest consumer of ETFE across the globe. The growth of the North America ETFE market can be attributed to the increasing use of ethylene tetrafluoroethylene in various new applications such as films & sheets, wire & cables, tubes, and coatings. Increasing usage of ETFE in solar panels, substitute for glass and other conventional materials, and growing demand in end-use industries are driving the demand for ETFE during the forecast period. However, ETFE is prone to puncture, transmit more sound than glass, and higher cost than other conventional material, which is hampering the market growth.

ETFE is a fluorine-based plastic that offers high corrosion resistance, strength, and energy radiation resistance properties. It is lightweight, transparent, recyclable, and strong. ETFE can be extruded into large thin sheets, referred to as foils or films, used in single or multi-layer cladding applications. It is used as an eco-friendly construction material, with lesser environmental impact throughout a building's lifecycle than traditional fenestration solutions. ETFE is increasingly being used in various end-use industries such as architecture & construction, aerospace, and semiconductors due to its versatility, low weight, superior tensile strength, and excellent weathering properties.

The major industry players have adopted expansions, agreements, and new product development as growth strategies in the last four years. The leading players in the market are AGC Inc. (Japan), The Chemours Company (US), 3M (US), Daikin Industries, Ltd. (Japan), Vector Foiltec (Germany), HaloPolymer (Russia), Guangzhou Li Chang Fluoroplastics Co., Ltd. (China), Hubei Everflon Polymer Co., Ltd. (China), Ensinger Group (Germany), Dongyue Group (China), Saint-Gobain S.A. (France), Mitsubishi Chemical Advanced Materials (Switzerland), Solvay S.A. (Belgium), BASF SE (Germany), and SABIC (Saudi Arabia).

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AGC primarily produces and markets glass, electronic materials, chemicals, and ceramics globally. It operates the fluoropolymers business through AGC Chemical, a subsidiary. The company has four business segments: glass, electronics, ceramics, and chemicals. The chemicals segment provides chlor alkali products, urethane products, fluorochemicals, and specialty chemicals. AGC offers ETFE through the fluorochemicals business segment. The net sale of the fluorochemical business in 2020 was about USD 988 million, a 12% decline from 2019. The company is the largest producer of ETFE resins globally and caters to the electrical & electronics, automotive, construction, and energy industries. It offers PTFE, ETFE, PFA, and FEP polymers under the brand, Fluon. The company has manufacturing units across Asia Pacific (63), Europe (23), and America (13). It has 213 subsidiaries operating across the globe and a presence in 30 countries across Asia Pacific, Europe, and North America.

The Chemours Company (Chemours) is a manufacturer of performance chemicals, founded as a spin-off from DuPont in 2015. The company operates through four business segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. It offers products for various end-use industries, including automotive, energy, consumer electronics, architectural coatings, and mining. Chemours is the largest producer of TiO2 and one of the leading producers of fluoro products and industrial chemical products. The company offers ETFE fluoropolymers under the Advanced Performance Materials segment. It has 30 production facilities in 9 countries and has business operations in over 120 countries across the world.

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