The global Ethylene Tetrafluoroethylene (ETFE) market is spanned across five regions of the world namely North America, Asia Pacific, Europe Latin America, and the Middle East & Africa. North America holds the major share of the global market and is projected to continue leading owing to the high adoption in the automobile and aerospace sector. According to the Statistica, the U.S. car production was over 11 million units in 2021. The growing usage of ETFE in anti-braking systems, engine sensors, and seats is expected to boost the market growth. Asia Pacific is anticipated to be the fastest growing region in the global ETFE market during the forecast period. The presence of the most populated economies has fuelled the automotive sector, which, in turn, is expected to boost the market growth during the forecast period. Additionally, the burgeoning construction sector in China is also expected to fuel the market growth. For instance, China construction industry generated an output value of over 19 trillion Yuan.
The global Ethylene Tetrafluoroethylene (ETFE) market share is segmented into the material, product, type and end-user industry. On the basis of the material, the market is segmented into natural Ethylene Tetrafluoroethylene (ETFE) and synthetic Ethylene Tetrafluoroethylene (ETFE). On the basis of the product, the global Ethylene Tetrafluoroethylene (ETFE) market is segmented into grinding wheels, sandpaper and others. On the basis of the type, the market is bifurcated into coated Ethylene Tetrafluoroethylene (ETFE), bonded Ethylene Tetrafluoroethylene (ETFE), and super Ethylene Tetrafluoroethylene (ETFE). On the basis of the end-use industry, the market is further segmented into automotive, machinery, metal fabrication, electrical and electronics, building and construction, and others
- 3M (US)
- AGC Inc. (Japan)
- Hubei Everflon Polymer CO.Ltd. (China)
- DAIKIN INDUSTRIES Ltd. (Japan)
- Vector Foiltec.(Germany)
- DuPont de Nemours Inc (US)
- Ensinger (Germany)
The Global Ethylene Tetrafluoroethylene Market is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominates the global ethylene tetrafluoroethylene market and is projected to register highest the CAGR during the forecast period owing to the rapidly growing industrialization and constructional activities in the region. The increased use of ETFE material in the automotive sector of emerging economies of countries in Asia-Pacific is further expected to drive the regional market demand. China, followed by India and other South-East Asian countries, emerged as the largest consumer of global ethylene tetrafluoroethylene market. Additionally, the rising product innovations to subdue the growing product demand from end-use industry is further boosting the regional market growth. For instance, in 2015, AGC Inc., a world-leading manufacturer of glass, chemicals and high-tech materials, launched a new product of Fluon LM-ETFE AH series named Fluon LM-ETFE LH 800 for automotive fuel hose systems exhibiting excellent adhesion properties and wide temperature range of 200-300 degree Celsius. This product launch has helped the company to deliver high value-added products across the global markets and expand its global footprint.
North America accounted for a substantial market share in 2018. The growing demand for ETPE material in construction applications and the rising residential and commercial activities in the US is expected to drive the market. In addition, the use of the product owing to its high mechanical toughness, in the aircraft and spacecraft wiring applications is further augmenting the demand in the region.
Europe is also expected to register significant growth during the forecast period due to a shift towards environment-friendly products on account of rising environmental concerns in the region. Germany, Belgium, and France are the major countries contributing the regional market growth.
Latin America and the Middle East & Africa are expected to show healthy growth during the forecast period owing to the increasing construction activities and expanding the automotive industry in the regions.