Polyethylene Furanoate Market Share, Research Report Study, Regional and Industry Analysis, Forecast to 2027

Emergen

Published

May 30, 2022

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. Furthermore, it has superior tensile strength because of which it needs lesser additives than PET. Without affecting any performance of recycled PET, PEF has the potential to be recycled as well as incorporated into PET recycle streams at around 5% of PEF.

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Over the recent past, demand for bottles has been increasing significantly because the carbonated soft drink industry is growing rapidly. Although, PET is majorly preferred for the manufacture of bottles globally, yet due to growing environmental concerns, the bottled packaging market is slowly setting its eyes on biobased plastic bottles. Hence, there will be a considerable adoption of PEF regarding bottled packaging applications over the forecasted span.

Prominent Players Analyzed in the Report:

Avantium Technologies B.V.
Toyobo Co., Ltd.
Sulzer ChemTech.
Corbion
Biochem AG
Swicofil AG
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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In terms of revenue, North America dominated the market in 2019 and is likely to continue its dominance over the forecasted period as well. This is mainly because of the rise in soft drinks industry across the region. The market in Europe is also gaining traction because of the stringent environmental regulations coupled with the growing demand for sustainable packaging.

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

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Regional Outlook (Revenue: USD Billion; 2017-2027)

North America
1. U.S.
2. Canada
3. Mexico
Europe
1. UK
2. Germany
3. France
4. BENELUX
5. Rest of Europe
Asia Pacific
1. China
2. Japan
3. South Korea
4. Rest of APAC
Latin America
1. Brazil
2. Rest of LATAM
MEA
1. Saudi Arabia
2. UAE
3. Rest of MEA

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Overview of the Polyethylene Furanoate Market Report:

Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Polyethylene Furanoate industry

Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report, and our team will ensure you get the report tailored according to your needs.

About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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