Market Size of Ethylene Tetrafluoroethylene (ETFE) Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.80 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ethylene Tetrafluoroethylene Coatings Market Analysis
The market for ethylene tetrafluoroethylene (ETFE) coatings is expected to grow at a CAGR of more than 7.8% during the forecast period. Major factors driving the market studied is increasing demand from the construction sector.
- Emerging applications in the optical fiber industry like jacketing material and growing demand for ETFE coatings for the electrical wiring from the aerospace industry are expected to act as an opportunity in the market.
- North America dominated the market across the globe with the largest consumption in a country such as United States, Canada, etc.
Ethylene Tetrafluoroethylene Coatings Industry Segmentation
The ethylene tetrafluoroethylene (ETFE) coatings market report includes:
Product Type | |
Powder Coating | |
Fluid Dipping Coating |
End-user Industry | |
Automotive | |
Building and Construction | |
Aerospace and Defense | |
Electrical and Electronics | |
Chemical | |
Other End-user Industries |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Ethylene Tetrafluoroethylene (ETFE) Coatings Market Size Summary
The ethylene tetrafluoroethylene (ETFE) coatings market is poised for significant growth, driven primarily by increasing demand from the construction sector. ETFE coatings are renowned for their durability and translucency, which enhance the life-cycle of exterior coatings and reduce maintenance costs. These coatings are becoming integral in the construction industry, particularly in emerging economies across Asia-Pacific, the Middle East, and North America. The ability of ETFE coatings to provide energy savings through solar reflectance and heat transfer reduction further bolsters their appeal, making them a preferred choice for roof coatings and other applications. The market is also witnessing emerging opportunities in the optical fiber and aerospace industries, where ETFE coatings are used for jacketing materials and electrical wiring, respectively.
North America stands as the dominant regional market for ETFE coatings, with the United States leading in consumption due to the growing trend of tensile architecture. The region's robust automotive, aerospace, and chemical industries contribute significantly to the market's expansion. The fragmented nature of the market sees major players like BASF SE, Daikin Industries, Ltd., Dupont, Osaka Gas Chemicals Co., Ltd., and The Chemours Company actively participating in the market landscape. The substantial market size and growth in North America are crucial for the global expansion of the ETFE coatings market, as these coatings are increasingly used in iconic structures such as the Beijing National Aquatics Centre, New Atlanta Stadium, and Allianz Arena, among others.
Ethylene Tetrafluoroethylene (ETFE) Coatings Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Demand from the Construction Sector
-
1.1.2 Other Drivers
-
-
1.2 Restraints
-
1.3 Industry Value-Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
1.5 Feedstock Analysis
-
1.6 Regulation Analysis
-
1.7 Price Analysis
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Powder Coating
-
2.1.2 Fluid Dipping Coating
-
-
2.2 End-user Industry
-
2.2.1 Automotive
-
2.2.2 Building and Construction
-
2.2.3 Aerospace and Defense
-
2.2.4 Electrical and Electronics
-
2.2.5 Chemical
-
2.2.6 Other End-user Industries
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 Italy
-
2.3.3.4 France
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle East & Africa
-
-
-
Ethylene Tetrafluoroethylene (ETFE) Coatings Market Size FAQs
What is the current Ethylene Tetrafluoroethylene (ETFE) Coatings Market size?
The Ethylene Tetrafluoroethylene (ETFE) Coatings Market is projected to register a CAGR of greater than 7.80% during the forecast period (2024-2029)
Who are the key players in Ethylene Tetrafluoroethylene (ETFE) Coatings Market?
BASF SE, Daikin Industries, Ltd, Dupont, Osaka Gas Chemicals Co., Ltd and The Chemours Company are the major companies operating in the Ethylene Tetrafluoroethylene (ETFE) Coatings Market.