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.
PEF is a biobased polymer which is 100% recyclable and is extracted from plants. Various companies are focusing on the production of 100% biobased films, fibers and bottles because of which PEF is gaining traction. It is expected to observe significant growth because it is widely used as a potential substitute for biobased PET because of its better barrier, mechanical and thermal properties.
Emergen research latest document, titled ‘Polyethylene Furanoate Market Forecast to 2028,’ is one of the most sought-after market reports involving an in-depth analysis of the global Polyethylene Furanoate Market . The report’s authors have offered necessary details on the latest Polyethylene Furanoate Market trends and the crucial parameters impacting both short-term and long-term market growth.
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Some major players in the market research report include, Avantium Technologies B.V., Toyobo Co., Ltd., Sulzer ChemTech., Corbion, Biochem AG, and Swicofil AG. among others.
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.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
The main objective of the Polyethylene Furanoate Market industry report is to supply key insights on Competition Positioning, Current Trends, Market Potential, Growth Rates, and Alternative Relevant Statistics. This report provides a detailed historical analysis of the global market for Polyethylene Furanoate Market from 2019-2027 , and provides extensive market forecasts from 2021-2037 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth, and future perspectives of the Polyethylene Furanoate Market . Also, global leading players are profiled with their revenue, market share, profit margin, major product portfolio, and SWOT analysis.
For the purpose of this report, Emergen Research has segmented into the global Polyethylene Furanoate Market on the application and region:
Polyethylene Furanoate Market Application Outlook (Revenue, USD Billion; 2017-2027)
Bottles
Films
Fibers
Others
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Polyethylene Furanoate Market Segmentation based on Regions:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Table of Content
Chapter 1. Methodology & Sources
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Polyethylene Furanoate Market Segmentation & Impact Analysis
Chapter 5. Polyethylene Furanoate Market By Application Insights & Trends, Revenue (USD Million)
Chapter 6. Polyethylene Furanoate Market Regional Outlook
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
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