Ethylene Tetrafluoroethylene Market - Forecast(2022 - 2027)

Report Code: CMR 36952 Report Format: PDF + Excel
Ethylene Tetrafluoroethylene Market size is forecast to reach $589.96 million by 2025 after growing at a CAGR of 7% during 2020-2025. Ethylene tetrafluoroethylene is a fluorine-based plastic that comprises tetrafluoroethylene and ethylene. Being a thermoplastic fluoropolymer, ethylene tetrafluoroethylene consists of carbon, fluorine, and hydrogen elements and exhibits high tensile strength. The growth of the market is expected to be driven by the high demand of ethylene tetrafluoroethylene from the construction sector.

Report Coverage     

The report: “Ethylene Tetrafluoroethylene Market- Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the ethylene tetrafluoroethylene industry.

By Type: Powder, Liquid, and Granule. 
By Technology: Extrusion Molding, Injection Molding, Compression Molding, Blow Molding, Rotational Molding, and Others.
By Application: Films and Sheet, Wire and Cables, Coatings, Aircraft, Consumer Appliances, Insulations, and Others.
By End User: Building and Construction (Residential (Independent Homes, RoW Homes, Large Apartment Buildings), Commercial (Hospitals, Schools, Airports, Restaurants, Hostels, Others), Electrical and Electronics, Automotive, Chemical, Aerospace, Defense, and Others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • North America dominates the ethylene tetrafluoroethylene market owing to increasing demand from automotive industry.
  • A shift from conventional photovoltaic panels to ethylene tetrafluoroethylene photovoltaic panels in the photovoltaic industry will drive the growth of market in the forecast period.
  • Acoustic transparency of ethylene tetrafluoroethylene will hinder the growth of the market in the forecast period.

By Product– Segment Analysis

The Granule segment held the largest share in the ethylene tetrafluoroethylene market in 2019. Granules of ethylene tetrafluoroethylene exhibit good mold ability and non-stick characteristics therefore, it is 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 industries such as automotive, aerospace, and chemical processing. The excellent tear propagation resistance and extremely high resistance to the outdoor weathering offered by them, make ethylene tetrafluoroethylene granules suitable for the production of architectural and other films. This factor will drive the growth of ethylene tetrafluoroethylene market in the forecast period.

By Technology– Segment Analysis

The Injection Molding technology segment held the largest share in the ethylene tetrafluoroethylene market in 2019. It is a quick process to create a mass amount of identical plastic parts. The flexibility in shape and size achievable by the use of injection molding has consistently widened the boundaries of design in plastics and allowed substantial alternatives of traditional materials due to design freedom and light weight. 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. Injection molding is a manufacturing process commonly used for fabricating items from plastic trinkets and toys to automotive body parts, cell phone cases, water bottles, and containers. Essentially many of the plastic parts that we use in every-day life are injection molded.  

By Application – Segment Analysis

Coating segment held the largest share in the ethylene tetrafluoroethylene market in terms of application. Ethylene tetrafluoroethylene based coatings are highly durable and weather able, last for around 30 years, which is far longer than traditional paints or coatings (10 years for conventional coatings) and can be cured at room temperature, which makes them ideal for outdoor and on-site applications. Moreover, the ethylene tetrafluoroethylene is recyclable and does not cause any hazardous emissions in the environment, thus making it suitable use in buildings. Insulations segment held the second largest share in the ethylene tetrafluoroethylene market. Ethylene tetrafluoroethylene-based insulations are commonly used in medical and scientific instruments. Increasing consumer awareness regarding energy conservation is estimated to driving the growth of Insulation segment. Factors such as integration of renewable energy sources, expansion of the existing infrastructure and deployment of electric vehicle charging stations are expected to drive the insulation market which will further drive the growth of ethylene tetrafluoroethylene market in the forecast period.

By End User – Segment Analysis

Building and Construction sector is the primary market for the ethylene tetrafluoroethylene in 2019 growing at CAGR of 8.5%. Many of the commercial buildings in the United States and China are incorporating ethylene tetrafluoroethylene to provide an easy adjustment of coatings in the buildings as per requirement. The growth of ethylene tetrafluoroethylene can be taken as directly proportional to the growth of building and construction industry. By 2020, construction output is estimated to grow by 70% to $12.7 trillion and will account for 14.6% of the world output with some of the larger emerging markets such as China, India, Russia, Brazil and Poland driving growth, along with U.S. Global GDP growth of 3.5% and 3.6% is expected in 2017 and 2018 respectively however the meteoric growth that outpaces global GDP will be concentrated in countries like China, India and U.S. India will overtake Japan as the third-largest construction market with annual growth averaging 7.4% annually in construction. This factor will drive the growth of ethylene tetrafluoroethylene market in the forecast period. The disruption of COVID-19 has almost certainly impacted the prices of construction products and materials. The impact of COVID-19 on construction sector can be spotted till year 2020 followed by which the industry will have persistent growth during forecast period. 

Geography - Segment Analysis

North America dominated the ethylene tetrafluoroethylene market growing at CAGR of 41% followed by Europe and APAC. The economy of North America is mainly influenced by the economic dynamics of countries such as USA and Canada, but with growing foreign direct investment for economic development of North America, the current scenario is changing. Countries in North America are witnessing high growth in the automotive sector. According to International Organization of Motor Vehicle Manufacturers the total production of automobile (commercial as well as Personal) globally in the year 2019 was 91,786,861 units compare to 96,869,020 units in 2018. The increase in the global automobile production is a major factor leading to the growth of ethylene tetrafluoroethylene market in the forecast period.

Drivers –Ethylene Tetrafluoroethylene market

  • Demand for the lightweight and durable materials in the automotive and construction sector

The increase in global automotive industries is a major factor which influence the growth of the ethylene tetrafluoroethylene market. Ethylene tetrafluoroethylenes have the property that can handle a variety of temperatures and weather conditions, making it popular in the automotive industry. It is typically used in brake systems and for brake wear sensors. Additionally, the material is used to coat wiring for oxygen systems and is sometimes used in heating and cooling systems. In the construction sector, ethylene tetrafluoroethylene is used as a popular building material. Ethylene tetrafluoroethylene is extremely durable, highly translucent, and can easily be molded in a variety of shapes. Its ability to withstand extreme temperatures and harsh weather makes it especially popular for roofing. Because of the material’s durability, ethylene tetrafluoroethylene roofs rarely need replacing. These factors are driving the ethylene tetrafluoroethylene market in the forecast period. 

  • Recyclable properties of Ethylene Tetrafluoroethylene

 Ethylene tetrafluoroethylene products are eco-friendly in nature, they do not emit VOC while in production phase. Therefore, the demand for ethylene tetrafluoroethylene is rising from various end-use industries. The constructed materials from ethylene tetrafluoroethylene, after their completing life can be recycled and reused. These factors will drive the growth of the market in the forecast period.

Challenges – Ethylene Tetrafluoroethylene market

  • Ethylene Tetrafluoroethylene materials constructed buildings transmits higher level of sound 

Ethylene tetrafluoroethylene is not a natural building material, it is a plastic, after all. That is why ethylene tetrafluoroethylene materials constructed buildings, transmits more sound than glass, and can be too noisy for some places. Ethylene tetrafluoroethylene is usually applied in several layers that must be inflated and require steady air pressure. Depending on how the architect has designed it, the look of a building could drastically change if the machines that supply the pressure fail. As a relatively new product, ethylene tetrafluoroethylene is only used in large commercial ventures. Therefore, working with ethylene tetrafluoroethylene is too complex for small residential projects.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the ethylene tetrafluoroethylene market. In 2019 the ethylene tetrafluoroethylene market has been consolidated by the top five players accounting for xx% of the share. Major players in the ethylene tetrafluoroethylene market rare AGC Inc., Daikin Industries, 3M, Hubei Everflon Polymer Co Ltd, Li Chang Technology and Others.

Acquisitions/Technology Launches/ Product Launches  

  • In September 2019, AGC Inc., established a new production plant of ethylene tetrafluoroethylene in China to produce large 3D/Complex-shaped Cover Glass for Car-mounted Displays.  The facilities feature a fully integrated production line, equipped with the latest technologies, that handles every stage of the process from optical thin coating to decorative printing and composite molding of complex curved surfaces.

1. Ethylene Tetrafluoroethylene Market - Market Overview
    1.1 Definitions and Scope
2. Ethylene Tetrafluoroethylene Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.1 Key trends by Type
    2.2 Key trends by Technology
    2.3 Key trends by Application
    2.4 Key trends by End Use
    2.5 Key trends by Geography 
3. Ethylene Tetrafluoroethylene Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Ethylene Tetrafluoroethylene Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Ethylene Tetrafluoroethylene Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Ethylene Tetrafluoroethylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Steel Bargaining power of suppliers
        6.4.2 Steel Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Ethylene Tetrafluoroethylene Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Ethylene Tetrafluoroethylene Market – By Type (Market Size -$Million, KT)
    8.1 Powder 
    8.2 Liquid
    8.3 Granule 
9. Ethylene Tetrafluoroethylene Market – By Technology (Market Size -$Million, KT)
    9.1 Extrusion Molding
    9.2 Injection Molding
    9.3 Compression Molding
    9.4 Blow Molding
    9.5 Rotational Molding
    9.6 Others
10. Ethylene Tetrafluoroethylene Market - By Application (Market Size -$Billion, KT)
    10.1 Films and Sheet
    10.2 Wire and Cables
    10.3 Coatings
    10.4 Aircraft
    10.5 Consumer Appliances
    10.6 Insulations
    10.7 Others
11. Ethylene Tetrafluoroethylene Market – By End User (Market Size -$Million, KT)
    11.1 Building and Construction 
        11.1.1 Residential
   Independent Homes
   RoW Homes
   Large Apartment Buildings
        11.1.2 Commercial 
    11.2 Electrical and Electronics
    11.3 Automotive
    11.4 Chemical
    11.5 Aerospace
    11.6 Defense
    11.7  Other
12. Ethylene Tetrafluoroethylene Market - By Geography (Market Size -$Million / KT)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Colombia
        12.2.4 Chile
        12.2.5 Rest of South America
    12.3 Europe
        12.3.1 U.K
        12.3.2 Germany
        12.3.3 Italy
        12.3.4 France
        2.1.1 Russia
        2.1.2 Spain
        2.1.3 Netherland
        2.1.4 Belgium
        2.1.5 Rest of Europe
    12.4 Asia Pacific
        12.4.1 China
        12.4.2 India
        12.4.3 Japan
        12.4.4 South Korea
        12.4.5 Australia & New Zealand
        12.4.6 Rest of Asia Pacific
    12.5 RoW
        12.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        12.5.2 Africa
   South Africa
   Rest of Africa
13. Ethylene Tetrafluoroethylene Market- Entropy
    13.1 New Product Launches
    13.2 M&A’s, Collaborations, JVs and Partnerships
14. Ethylene Tetrafluoroethylene Market Share Analysis (Premium)
    14.1 Market Share by Country- Top companies
    14.2 Market Share by Region- Top companies
    14.3 Market Share by type of Product / Product category- Top companies
    14.4 Market Share at global level- Top companies
    14.5 Best Practices for companies
15. Ethylene Tetrafluoroethylene Market- List of Key Companies by Country (Premium) 
16. Ethylene Tetrafluoroethylene Market Company Analysis
    16.1 Market Share, Company Revenue, Products, M&A, Developments
    16.2 Company 1
    16.3 Company 2
    16.4 Company 3
    16.5 Company 4
    16.6 Company 5
    16.7 Company 6
    16.8 Company 7
    16.9 Company 8
    16.10 Company 9
    16.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"