Market Trends of Ethylene Tetrafluoroethylene (ETFE) Industry
This section covers the major market trends shaping the Ethylene Tetrafluoroethylene (ETFE) Market according to our research experts:
Coatings Segment to Contribute Significant Demand to the Market
- ETFE-based coatings are highly durable and weatherable, last for around 30 years, which is far longer than traditional paints or coatings (10 years for conventional paints), and they can be cured at room temperature, which makes them ideal for outdoor and on-site applications.
- ETFE can handle a variety of temperatures and weather conditions, making it a popular choice for coatings in the automotive industry. It is typically used in brake systems and for brake-wear sensors.
- ETFE coatings have even been used to build the pneumatic panels on the exterior of the Beijing National Aquatics Center and other buildings, including the New Atlanta Stadium, and the US Bank Stadium in the United States, Eden Project and the National Space Centre in the United Kingdom, Hong Kong's Green 18 in the Hong Kong Science Park, Allianz Arena in Germany, and the Forsyth Barr Stadium in New Zealand.
- ETFE is even ideal for any application that involves radiation resistance, and these abilities make it fit for common usage in the chemicals industry. Sometimes, it is used as a dual laminate and bonded to fiber-reinforced plastics (FRP) for use in tanks and pipes. It is also used for electrical applications and is commonly used to cover electrical wiring, especially for wires in spacecraft or aircraft.
- However, the various growing industries are providing potential opportunities for propelling the demand for the ethylene tetrafluoroethylene (ETFE) market in the coming years.
- All the aforementioned factors are expected to drive the demand for the ethylene tetrafluoroethylene (ETFE) market over the forecast period.
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North America to Dominate the Market
- North America represented the largest regional market for ethylene tetrafluoroethylene (ETFE). This immense demand for ethylene tetrafluoroethylene (ETFE) is a consequence of the growing trend of tensile architecture in the region.
- In North America, the United States is a major market for ethylene tetrafluoroethylene (ETFE), with more than 75% of the regional market share.
- In the United States, ETFE is ideally suited for applications, such as oil and gas downhole cable and umbilicals, low permeation automotive fuel tubing, aerospace wire and cable, and photovoltaic top sheets films. ETFE is also widely used for the release of films in the manufacture of carbon fiber composites.
- ETFE is quickly gaining popularity in the United States and being used in some of the country's most prominent projects. The most common applications in the country include two- and three-foil cushions. However, single-layer installations also exist, as well as high-performance systems with up to five foils. The US Bank Stadium is the largest ETFE installation and is the only stadium in the nation with a clear ETFE roof.
- In the United States, ETFE has been used in many buildings, including the SoFi Stadium in California, Allegiant Stadium in Las Vegas, US Bank Stadium in Minnesota, Hard Rock Stadium in Florida, Banc of California Stadium in California, and others.
- There is an ongoing project: West End Stadium is a soccer-specific stadium that is under construction in Cincinnati, Ohio. It is expected that the stadium will cost around USD 250 million to build and hold 26,000 spectators.
- Furthermore, many projects for federal and stadium projects, ranging from retail skylights to building envelopes, are expected in the future, which will drive the market studied.
- The various growing industries in countries like the United States and Canada further augmented the demand for ETFE coatings and sheets, which has created the demand in the ethylene tetrafluoroethylene (ETFE) market. The large market size, coupled with the huge growth of North America, is quite instrumental in the expansion of the ethylene tetrafluoroethylene (ETFE) market.
- All such factors are expected to contribute to the demand in the ethylene tetrafluoroethylene (ETFE) market over the forecast period.
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