The global Polyethylene Furanoate Market will be worth USD 120.1 million by 2027, according to a current analysis by Emergen Research. The growing demand for bio-based polymer products across multiple industries like automotive and packaging has been the primary driving factors propelling the market growth on a global scale. Additionally, the consumer as well as environment friendly features of PEF over bio-based PET is expected to stimulate the demand in the future.
The report offers an elaborate study of the factors driving or restraining the growth of the market. The study considers the COVID-19 pandemic as one of the key growth influencing factors for the Polyethylene Furanoate industry. The report covers an impact analysis of the pandemic on the overall market. It also includes the changes in demands and factors that might influence the growth or restrain the growth in a post-COVID-19 scenario. The report also includes the present and future impact of COVID-19 on the market.
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Key Highlights From The Report.
- In June 2019, the Netherlands based Avantium, commercialized its patented YXY branded technology of furanics. With the help of this strategy, the company is trying to produce technologically advanced green fuels in order to scale up the usage of PEF across all the major regions.
- The bottle segment is gaining a lot of traction over the recent past and is likely to register a progressive CAGR of 18.1% throughout the forecasted period. This is mainly because packaged drinking services are majorly shifting towards the adoption of PEF because of the friendly characteristics as well as the growing levels of awareness regarding the betterment of the environment.
- The films made using PEF material have potentially good odor and gas barrier properties. They have the capability to replace different kinds of plastic resins present in packaging applications. This is likely to stimulate the demand of PEF over the forthcoming years and boost its market growth over the forecasted years.
- Key participants include Avantium Technologies B.V., Toyobo Co., Ltd., Sulzer ChemTech., Corbion, Biochem AG, and Swicofil AG. among others.
For the purpose of this report, Emergen Research has segmented into the global Polyethylene Furanoate Market on the application and region:
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Bottles
- Films
- Fibers
- Others
Major Geographies Encompassed in the Report:
- 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)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Summary of the Global Polyethylene Furanoate Report:
- Comprehensive analysis of the market including risks and opportunities
- Details of business strategies and plans undertaken by key market players
- Analysis of current and future trends that will affect the growth of the market in the forecast timeline
- In-depth analysis of drivers and constraints for better understanding of the market
- The report encompasses a detailed forecast for the years 2020-2027.
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
Global Polyethylene Furanoate Market Report – Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Polyethylene Furanoate market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Polyethylene Furanoate market size
2.2 Latest trends of the Polyethylene Furanoate market by region
2.3 Key corporate trends
- Global Polyethylene Furanoate Market share by key players
3.1 Global Polyethylene Furanoate Market size by manufacturers
3.2 Global Polyethylene Furanoate Market key players
3.3 Products/solutions/services of major players
3.4 New entrants in the Polyethylene Furanoate market
3.5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Polyethylene Furanoate Market by product type
4.1 Global Polyethylene Furanoate Sales by Product
4.2 Global Polyethylene Furanoate by Product Revenue
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