According to a research survey conducted by ChemView Consulting, in 2022, the worldwide Ethylene Tetrafluoroethylene (ETFE) Market was worth US$ 356.8 Mn and is expected to grow at a CAGR of 6.5% over the forecast period. The market is expected to hit US$ 590.5 Mn by 2030 end.
Materials used for photovoltaic (PV) are conventionally covered with glass sheets because of their light-transmitting properties. However, with consistent boom in PV applications, businesses are searching out opportunity alternatives for glass because of its excessive weight and rigidity.
ETFE movies can face up to UV publicity and are appropriate for bendy and light-weight sun modules. They offer cushioning and structural guide to sun cells and circuitry whilst enhancing the transmission of daylight for strength conversion. Along with decreasing machine costs, ETFE movies assist producers lessen their packaging and transport costs. ETFE has a low coefficient of friction which permits self-cleansing and is incorporated with matt end to
Opportunity: Growth capacity in rising economies
Growing commercial improvement in rising economies, particularly in Asia Pacific, the Middle East, and South America, pushes the increase of the constructing & production enterprise. The superior homes of the ETFE tensile shape make it a perfect answer for numerous projects. The utilization of tensile systems has benefitted architects to create incredible systems. The giant adoption of tensile systems withinside the production enterprise in rising economies is because of current systems. Limitless designs are actually viable with ETFE movies as they provide the power of being merged with traditional production techniques. For instance, in 2020, Vector Foiltec (Germany) designed the roof of FALCON MALL, Kunming, China, with the ETFE system.
India, Brazil, China, international locations in rising clusters inclusive of MENA (the Middle East and North Africa) and ASEAN international locations are top markets for tensile systems. Such systems are gaining reputation in those international locations and globally due to their price performance, esthetic benefits, and sturdy provider file. India is rising as a prime marketplace for tensile structure and awnings & canopies because of the country`s reputation of structure movies as a price-powerful and green constructing material. These elements are anticipated to offer enormous increase possibilities for marketplace gamers
Asia Pacific is projected to guide the PV energy technology withinside the subsequent 5 years. The developing adoption of PV modules in international locations inclusive of China, Japan, and India fuels the marketplace's increase. Various projects and favorable regulations released via way of means of governments of various international locations in Asia Pacific to sell sun strength are anticipated to propel the call for for PV structures withinside the area withinside the coming years. The shift in the direction of EVs will sell the increase of the car enterprise withinside the area. The increase in numerous quit-use industries in rising economies will provide possibilities to ETFE producers.
Challenges: Lack of professional body of workers Installing tensile systems in stressful production programs require giant education and is first-class treated via way of means of professional and skilled experts. Several experts are concerned withinside the whole manufacturing cycle, from early designs to the whole production of tensile systems. This commonly consists of contractors, engineers, producers, and installers. The use of ETFE in tensile structure is subjected to numerous designs and execution complications. Like every other traditional constructing, the team concerned is needed
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A list of some of the critical suppliers present in the market are:
- 3M (US)
- AGC Inc. (Japan)
- Saint-Gobain Performance Plastics
- Zeus Industrial Products
- Solvay Group
- Hubei Everflon Polymer CO.Ltd. (China)
- Daikin Industries Ltd. (Japan)
- Vector Foiltec.(Germany)
- DuPont de Nemours Inc (US)
- Ensinger (Germany)
- Asahi Glass Co., Ltd.
- Guangzhou Li Chang Fluoroplastics Co., Ltd.
- The Chemours Company
Market Segments Covered in Report
By Product Type:
- Extrusion Molding
- Injection Molding
- Films & Sheets
- Wires & Cables
By End-Use Industry:
- Building & Construction
- Aerospace & Defense
- Solar Energy
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Global Ethylene Tetrafluoroethylene (ETFE)Market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit our Report Page;https://chemviewconsulting.com/reports/ethylene-tetrafluoroethylene-etfe-market/
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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