2,5-Furandicarboxylic Acid (FDCA) Market Size Is Grow to USD 857.3 Million at a CAGR of 8.7% by 2028 | Reports and Data
2,5-Furandicarboxylic Acid (FDCA) Market Increasing Demand for Bio-Based PET Is A Significant Factor Estimated To Stimulate Market Demand.
The Global 2,5-Furandicarboxylic Acid (FDCA) Market Is Expected To Reach USD 857.3 Million By 2028, According To A New Report By Reports And Data. The Extensive Application Of This Chemical Is Accounted For Its Demand In The Synthesis Of Renewably Sourced Polyesters As The Monomer Replaces Terephthalic Acid. The Characteristics Of Biodegradability And Biocompatibility Makes 2,5-Furandicarboxylic Acid (FDCA) The Most Preferred Material For Making Polyesters Like PET And PBT.
Increasing consumer awareness regarding the escalating concern of inadequate disposal of bio-plastics has played a vital role in driving the applications of 2,5-Furandicarboxylic Acid (FDCA) in the production of eco-friendly plastics. The growing demand for bio-based and sustainable packaging in across the globe is propelling the usage in numerous bio-based applications. Additionally, frequent variations in the prices of petrochemicals used in the plastics manufacturing industry have also had considerable prospects in the market.
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Top Key Players: Avantium Holdings NV, Synbias, VV Pharma Industries, Carbone Scientific, Tokyo Chemical Industry, Chemsky, Avalon Industries AG, Novamont SPA, Astatech Inc., And Corbion NV Among Others.
Further Key Findings From The Report Suggest:
The Application Of 2,5-Furandicarboxylic Acid (FDCA) In The Manufacturing Of PET Is Estimated To Contribute To The Largest Market Share With More Than 50% Of The Market Share In 2019 With A Growth Rate Of 8.6% During The Forecast Period. The Use Of PET In The Food And Packaging Industry Has Created A Great Interest In The Development Of Bio-Based PET.
The Chemical Industry Held A Significant Market Share In 2019 And Is Expected To Have A Considerable Growth Rate In The Period 2019-2028.
North America And Europe Are The Key Revenue Generating Regions In The Market. The Consistent Emphasis Of The Regulatory Agencies In The European Union On Bio-Based Or Green Procurement Policies In The Chemicals Industries Has Been A Vital Factor Supporting The Demand For 2,5-Furandicarboxylic Acid (FDCA). Moreover, Extensive Consumer Awareness Regarding Environmental-Friendly Products In Various Developed Countries Of Europe Is Fueling The Growth Of The Market.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of APAC)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of MEA)
Market Segmentation:
Application Outlook (Volume, Kilo Tons; 2020-2028 And Revenue, USD Million; 2020-2028)
- PET
- Polyamides
- Polycarbonates
- Plasticizers
- Polyesters Polyols
- Others
End-User Outlook (Volume, Kilo Tons; 2020-2028 And Revenue, USD Million; 2020-2028)
- Chemical
- Pharmaceutical
- Scientific Research
Method Outlook (Volume, Kilo Tons; 2020-2028 And Revenue, USD Million; 2020-2028)
- Dehydration Of Hexose Derivatives
- Oxidation Of 2,5-Distributed Furans
- Catalytic Conversions Of Various Furan Derivatives
- Biological Conversion Of HMF
Channel Outlook (Volume, Kilo Tons; 2020-2028 And Revenue, USD Million; 2020-2028)
- Direct Sales
- Distribution
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Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key 2,5-Furandicarboxylic Acid (FDCA) Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global 2,5-Furandicarboxylic Acid (FDCA) Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global 2,5-Furandicarboxylic Acid (FDCA) Market Key Players
3.2 Global 2,5-Furandicarboxylic Acid (FDCA) Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The 2,5-Furandicarboxylic Acid (FDCA) Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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