Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Increase in demand from the carbonated soft drink industry and favorable government regulations are key drivers for Global 2,5-Furandicarboxylic Acid Market.
Scope of 2, 5-Furandicarboxylic Acid Reports –
2, 5-Furandicarboxylic acid is an inorganic acid with two carboxylic acid group attached to the central ring. It is an stable compound and derivative of oxidized furan, it is also a building block of polymers and resins. It is also proved to be a good substitute for terephthalic acid (TPA) and can also be used for the production of recyclable plastics. So, during the study of Global 2,5-Furandicarboxylic Acid market, we have considered 2,5-Furandicarboxylic Acid applications and consumption to analyze the market.
Global 2,5-Furandicarboxylic Acid market report covers prominent players like Corbion NV , Toronto Research Chemicals Inc, Avantium Holding BV, Alfa Aesar GmbH & Co KG, Novamont SpA, Synvina, Asta Tech Inc, AVALON Industries AG, V & V Pharma Industries, Chemsky (Shanghai) International Company Limited, and others.
Global 2, 5-Furandicarboxylic Acid Market report is segmented on the basis of application type, and by regional & country level. Based upon Application type, global 2, 5-Furandicarboxylic Acid Market is classified as Polyester, Polyamides, Polycarbonates, Plasticizers, and Others.
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Market Dynamics –
The commercialization and growth of global 2, 5-Furandicarboxylic Acid market over the past 25 years has been highly impactful. Due to increase in environmental regulations by government and environmental safety concerns from plastics government is focusing on the manufacturing of bio based plastics. Changing lifestyle has increase the demand for bio-based packing materials which has also increased the demand for 2, 5-Furandicarboxylic acid over the forecast period.
The regions covered in this 2, 5-Furandicarboxylic Acid Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of 2, 5-Furandicarbocylic acid is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
There are various technological advancements and research and development are going in the market which will further fuel the demand of 2, 5-Furandicarboxylic acid. Increased consumption of carbonated drinks has also increase the demand the demand for bio-based plastic bottles used for packing is also a major factor driving the growth of industry. However, the high cost of 2, 5-Furandicarboxylic acid as compared to conventional polymer is expected to hamper the growth of the market in the near future.
Regional Analysis –
North America dominates the market with highest market and a moderate growth which is closely followed by Europe with rapid growth over the forecast period. In Europe, there are various regulatory norms and awareness among people about environment friendly products will boost the demand for 2, 5-Furandicarboxylic acid over the forecast period. For instance in Europe, Environmental crime covers acts that breach environmental legislation and cause significant harm or risk to the environment and human health. They include the illegal emissions or discharges into air, water or soil, the illegal trade in wildlife, illegal trade in ozone-depleting substances and the illegal shipment or dumping of waste. Asia Pacific Is expected to be a rapidly growing region due to the presence of developing economies such as India, China and others and increased industrialization will also support the growth of 2, 5-furandicarboxylic acid market. China is expected to be one of the major countries to use bio-based packing materials and change in the behavioral patterns of the consumers in these will also support the growth of 2, 5-furandicarboxylic acid market.
Market Segmentation –
By Application type Analysis
Polyester, Polyamides, Polycarbonates, Plasticizers, Others
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