Ethylene Tetrafluoroethylene Market Analysis

Application (Films & Sheets, Wires & Cables, Tubes, Coatings)

Films & sheets segment is estimated to hold 35% share of the global ethylene tetrafluoroethylene market in the year 2037. The growth of the segment can be attributed to the rising spending on renewable energy worldwide as well as the increasing use of ETFE in photovoltaic (PV) top-sheet films as these films are known for their self-cleaning property and are recyclable. It was found that in the United States, nearly 2.8% of the electricity generated was powered by solar energy, with solar accounting for over 13% of electricity generated by renewable sources in 2021. These factors are bolstering the market growth.

Product Type (Powder, Granule)

ETFE market from the Granule segment is expected to garner a significant share of around 45% in the year 2037. The segment growth can be attributed to the growing electronics as well as the construction industry worldwide with skyrocketing demand for corrosion resistance parts, insulation parts, wires and cables insulation jackets, construction films, valve lining, and many such products worldwide. For instance, it was found that the construction industry in the United States accounted for around 4.3% of the U.S. GDP in 2021. Moreover, as ETFE foils are known to have a lifespan of more than 30 years and are unaffected by UV light, environmental weathering, and pollution, it is widely becoming the most important building material for the construction industry. This, as a result, is anticipated to boost market growth.

Our in-depth analysis of the global ethylene tetrafluoroethylene market includes the following segments: