Ethylene Tetrafluoroethylene Market Size

Ethylene Tetrafluoroethylene Market size is estimated to reach USD 900 Million by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of the ethylene tetrafluoroethylene was USD 350 Million. The growth of the market can be attributed to the increasing demand for ETFE as a substitute for glass and conventional materials in various end-use industries as the ETFE foil is considered a more ecological and environmentally sustainable solution than glass because it requires much less energy than glass production and needs fewer structure materials to support the whole system. Also, as per findings, ETFE transmits more light, and insulates better, and its installation costs are about 20 to 70% less than glass.

The growth in the nuclear industry as well as the increasing demand for electricity worldwide is predicted to present the potential for expansion for global ethylene tetrafluoroethylene market over the projected period. It was observed that electricity consumption worldwide has been growing persistently over the past half a century, reaching more than 25,000 terawatt-hours in 2021.