The global Ethylene Tetrafluoroethylene (ETFE) market size is estimated at USD 334 Million in 2021 and is projected to reach USD 451 Million by 2026, growing at a CAGR of 6.2% between 2021-2026.

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Growing use of ETFE in solar panels, a substitute for glass and other conventional materials, and growing demand in end-use industries are driving the demand for ETFE over the forecast period. However, ETFE is prone to puncture, transmits more sound than glass, and costs more than other conventional materials, which hampers market growth.

New York, Feb. 18. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “ETFE Market by Type, Technology, Application, End-use Industry & Region – Global Forecast to 2026” – https://www.reportlinker.com/p05479717/?utm_source=GNW

Pellets/Pellets are expected to be the Largest Segment by Type in the ETFE Market
Based on the type, pellets/pellets are estimated to be the largest type of ETFE during the forecast period. The pellet/granule form of ETFE can be both extruded and injected to convert it into films and sheets, wires and cables and tubes, which are then used by various end-use industries such as architecture, automotive, chemical processing and others.

They have low melting points and high melting rates (MFR), making the pellets suitable for injection, extrusion, rotation and other molding processes.

Films & Sheets are expected to be the Largest Segment by Application in the ETFE Market
Films and sheets are estimated to be the largest and fastest growing application segment in the ETFE market during the forecast period. ETFE films and sheets are resistant to temperature, aging and chemicals and have superior mechanical strength.

ETFE films and sheets are now widely replacing glass in the building and construction industry due to their superior light transmission properties. artistic constructions.

ETFE films are also used for the front and back sheets of photovoltaic (PV) modules. When used as faceplates for PV modules, these films help improve solar cell efficiency since they transmit 90-95% of light.

Building and construction is expected to be the largest segment by end-use industry in the ETFE market
Building and construction is estimated to be the largest end-user segment in the ETFE market during the forecast period. ETFE is mainly used in non-residential, civil infrastructure and commercial buildings for roofing applications.

Energy efficiency, cost control, low carbon emissions, sustainability, recyclability and green buildings are major factors influencing the construction industry. ETFE films are lightweight, economical, environmentally friendly, 100% recyclable and aesthetically preferred over glass.

These properties propel the demand for ETFE films in the construction industry.

North America Accounts for the Largest ETFE Market Share by Region
North America was the largest market for ETFE in 2020. The main end users of ETFE in North America building and construction, automotive, aerospace, electrical and electronics, nuclear and solar energy. . The United States dominates the ETFE market in North America in terms of value and volume. New construction projects, greenhouse applications, steady growth in automotive and increase in photovoltaic installations in the region are driving the ETFE market in the region.
In-depth primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.

The breakdown of primary interviews is given below:
• By type of business: level 1: 45%, level 2: 35% and level 3: 20%
• By Designation – C Level Executives – 22%, Director Level – 18% and Others* – 60%
• By region: North America: 34%, Europe: 25%, Asia-Pacific: 30%, South America: 6% and Middle East and Africa: 5%
Notes: Others include sales, marketing, and product managers.

Level 1: > USD 1 billion; Level 2: 500 million to 1 billion USD; and level 3:
Companies profiled in this market research report are AGC Inc. (Japan), The Chemours Company (US), 3M (US), Daikin Industries, Ltd. (Japan), Vector Foiltec (Germany), HaloPolymer (Russia), Guangzhou Li Chang Fluoroplastics Co., Ltd. (China), Hubei Everflon Polymer Co., Ltd. (China), Ensinger Group (Germany), Dongyue Group (China), Saint-Gobain SA (France), Mitsubishi Chemical Advanced Materials (Switzerland), Solvay SA (Belgium), BASF SE (Germany), SABIC (Saudi Arabia) and others.

Research Coverage:
This research report categorizes the ETFE market based on type, technology, application, end-use industry, and region. The report includes detailed information about the major factors influencing the growth of the ETFE market such as drivers, restraints, challenges and opportunities.

A detailed analysis of major industry players has been carried out to provide information on the business overviews, products and services, key strategies, expansions, new product developments and recent developments associated with the market.

Reasons to buy the report

The report will help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the ETFE market and provides closest approximations of market sizes for the overall market and sub-segments within verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with insights into key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to understand the key competitors and gain insights to improve their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4. The report includes the impact of COVID-19 on the ETFE market.
Read the full report: https://www.reportlinker.com/p05479717/?utm_source=GNW

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