ETFE Market worth $451 million by 2026 | Key players ETFE market are AGC Inc. (Japan), The Chemours Company (US), 3M (US), Daikin Industries, Ltd. (Japan), Vector Foiltec (Germany).

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 to produce 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.

ETFE films & sheets are temperature, aging, and chemical resistant and have superior mechanical strength. ETFE films and sheets are now largely replacing glass in the building & construction industry due to superior light transmission properties. To make the material useful architecturally, ETFE is extruded into thin sheets, referred to as foils. ETFE sheets are more commonly found as roofing in public areas, such as stations, airports, educational centers, museums, conference centers, and other artistic structures. ETFE films are also used for front and backing sheets of photovoltaic (PV) modules. When used as front sheets for PV modules, these films help improve the efficiency of solar cells since they transmit 90%-95% of light.

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Energy efficiency, cost control, low carbon emissions, sustainability, recyclability, and green buildings are major factors that influence the construction industry. ETFE is eco-friendly, 100% recyclable and requires minimum energy for transportation and installation. This helps in Leadership in Energy and Environmental Design (LEED) certification for green building. ETFE used as roofing material in buildings. ETFE roofs are characterized by their long service life, low maintenance and UV transparency. Much of the demand for ETFE in this segment is attributed modern buildings which possess greater architectural features.

North America accounted for the largest share of the ETFE market in 2020, followed by APAC and Europe. The US is one of the leading producers and consumers of ETFE, globally. New construction projects, greenhouse applications, steady growth in automotive, and growing solar energy market in the region are driving the ETFE market in the region.
The leading players in the ETFE 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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