Market Size of Ethylene Tetrafluoroethylene (ETFE) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ethylene Tetrafluoroethylene (ETFE) Market Analysis
The ethylene tetrafluoroethylene (ETFE) market is expected to register a CAGR of over 7% during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. Owing to the pandemic scenarios, several countries around the world went into lockdown to curb the spreading of the virus. The demand for ethylene tetrafluoroethylene (ETFE) from various applications, such as wire and cable, coatings, films, and sheets, was severely affected due to halt in various industries such as construction, electrical and electronics, and others. However, the condition is expected to recover in 2021, thereby benefitting the growth of the market studied over the forecast period.
- Over the short term, the growing popularity of building materials in the roof covering of special constructions, like stadiums, and the rising demand for ETFE cables from the aerospace industry are expected to drive the market growth.
- On the flip side, rising environmental concerns and stringent EPA regulations and the negative impact of the COVID-19 pandemic are expected to hinder the market growth.
- A shift in focus from conventional PV panels to ETFE PV panels in the photovoltaic (PV) industry is likely to act as an opportunity in the future.
- North America dominated the global market, with the largest consumption from the United States.
