Global Polyethylene Furanoate Market Forecast to 2027
The Global Polyethylene Furanoate Market research report is a comprehensive document that outlines the most recent advancements and developments in the Polyethylene Furanoate industry, with 2017 as the base year and 2020-2027 as the forecast period. The report provides useful insights into market size, market share, sales channel and distribution network, market segmentation, demands and trends, and growth prospects. The report also examines market growth on a global and regional scale. The report investigates the COVID-19 pandemic's impact on the Polyethylene Furanoate Market and its key segments.
According to a recent estimate by Emergen Research, the market for polyethylene furanoate would be valued USD 120.1 million by 2027. The main factors driving the market expansion on a global basis have been the increasing demand for bio-based polymer goods across numerous industries, including automotive and packaging. Future demand is anticipated to be boosted by PEF's advantages over bio-based PET in terms of both consumer and environmental friendliness.
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.
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.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Polyethylene Furanoate market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Gevo, Inc., Avantium N.V., WIFAG-Polytype Holding AG, Toyobo co., ltd., The Coca-Cola Company, Mitsui Co., Ltd., Alpla Werke Alwin Lehner GmbH Co, Toray Industries Inc.
Research Report on the Polyethylene Furanoate Market Addresses the Following Key Questions:
- Who are the dominant players of the Polyethylene Furanoate market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Polyethylene Furanoate market?
- What are the key growth drivers and restraining factors of the Polyethylene Furanoate market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Polyethylene Furanoate market and its key segments?
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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.
Market Segmentations of the Polyethylene Furanoate Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Polyethylene Furanoate market on the basis of product, application, and region:
Segments Covered in this report are:
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Bottles
- Films
- Fibers
- Others
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
more
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Regional Landscape section of the Polyethylene Furanoate report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
Key reasons to buy the Global Polyethylene Furanoate Market report:
- The latest report comprehensively studies the global Polyethylene Furanoate market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Polyethylene Furanoate Market report is an exhaustive database that will help readers formulate lucrative strategies. The Polyethylene Furanoate Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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