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.
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.
Market Size – USD 34.6 Million in 2019, Market Growth - CAGR of 17.8%, Market Trends – Growing demand for PEF materials for bottle manufacturing
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Scope of The Report
The Polyethylene Furanoate market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
Global Polyethylene Furanoate market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Key participants include The Sherwin Williams Company, PPG Industries Inc., Axalta Coating Systems Ltd., BASF SE, AkzoNobel N.V, Kansai Paints Co. Ltd., Matrix System Automotive Finishes, Nippon Paint Holding Co. Ltd., Mitsui Chemicals, and Berger Paints India Ltd., 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)
Regional Analysis of the Market:
- 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)
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 Polyethylene Furanoate Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Polyethylene Furanoate market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Polyethylene Furanoate Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.
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