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2,5-Furandicarboxylic Acid

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The global 2,5-furandicarboxylic acid market was valued at around US$ 300.0 Mn in 2016 and is anticipated to expand at a CAGR of over 8.2% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled ‘2,5-Furan
2,5-Furandicarboxylic Acid (FDCA) Market
to Reach around US$ 700.0 Mn by 2025
The global 2,5-furandicarboxylic acid market was valued at around US$ 300.0 Mn in
2016 and is anticipated to expand at a CAGR of over 8.2% from 2017 to 2025,
according to a new report published by Transparency Market Research (TMR) titled
‘2,5-Furandicarboxylic Acid (FDCA) – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2017–2025.’ Expansion of the global 2,5-furandicarboxylic acid
market is driven by rise in demand from the carbonated soft drink industry and
legislative support. The 2,5-furandicarboxylic acid market in Asia Pacific is expected to
expand at a CAGR of over 9.0% during the forecast period. Favorable government
regulations, development and expansion of new plants by global manufacturers, and
increased demand for biobased packaging are likely to propel the 2,5-furandicarboxylic
acid market in the region.
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Rise in Demand for Environmentally Friendly Plastics and Legislative Support
Increasing awareness about environmental problems and severe regulations against
plastic usage and carbon emissions are anticipated to propel the 2,5-furandicarboxylic
acid market. Changing lifestyles and rise in demand for bio-based packaging among
consumers are expected to significantly boost the market. Technological advancements
and rise in investments in research and development of biobased chemicals and
materials are projected to be expansion opportunities for the 2,5-furandicarboxylic acid
market. However, high cost compared to conventional polymers is likely to hamper the
2,5-furandicarboxylic acid market.
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Polyester Application Segment to Dominate the Global 2,5-Furandicarboxylic
Acid Market
In terms of application, the 2,5-furandicarboxylic acid market can be divided into
polyesters, polyamides, polycarbonates, plasticizers, and others. The polyesters
segment is anticipated to dominate the market during the forecast period. 2,5furandicarboxylic acid replaces terephthalic acid and by using renewable EG, a 100%
renewable polyester. The polyester has polymers’ characteristics of biodegradability
and biocompatibility, which increases the market demand. Governments across the
world are encouraging the usage of biobased products, which is increasing demand for
2,5-furandicarboxylic acid from the packaging industry. Imposition of government norms
against carbon emissions and plastic usage is responsible for the rise in demand for
2,5-furandicarboxylic acid based products. Increase in awareness regarding
environmental issues is a key driver for the 2,5-furandicarboxylic acid market, applicable
to beverage industry. Increase in the rate of urbanization across various regions around
the world is an essential expansion indicator for the 2,5-furandicarboxylic acid market.
Large Customer Base in Developing Countries such as China, India, and Japan,
to Create Opportunities
In terms of region, the global 2,5-furandicarboxylic acid market can be categorized into
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe
holds a prominent share of the 2,5-furandicarboxylic acid market, owing to the green
procurement policies followed by the European Union. North America also constitutes a
significant share of the market. The market in Asia Pacific is estimated to expand at a
rapid pace due to rapid industrialization and changing lifestyles in developing
economies such as China and India. The market in Middle East & Africa and Latin
American is expected to expand at a rapid pace during the forecast period.
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Key players operating in the 2,5-furandicarboxylic acid market are Avantium Holding
BV, Corbion NV , Toronto Research Chemicals Inc, Alfa Aesar GmbH & Co KG,
Synvina, Asta Tech Inc, Novamont SpA, Chemsky (Shanghai) International Company
Limited, AVALON Industries AG, and V & V Pharma Industries. Companies are
focusing on new product development and expansion strategies. For instance,
Novamont SpA manufactures bioplastics and biochemicals through the integration of
chemistry and agriculture. It also manufactures Celus-Bi, a new line of innovative and
biobased ingredients for the cosmetics sector that has applications in personal and
household products. Furthermore, the company has invested US$123.21 Mn to convert
an abandoned plant near Rovigo in Italy's Po River delta to start industrial production of
the chemical compound bio-butanediol.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering factbased solutions to business leaders, consultants, and strategy professionals. Our reports are
single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection
methods along with ability to track more than one million high growth niche products are
aligned with your aims. The detailed and proprietary statistical models used by our analysts
offer insights for making right decision in the shortest span of time. For organizations that
require specific but comprehensive information we offer customized solutions through adhoc
reports. These requests are delivered with the perfect combination of right sense of factoriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of
research is the key to help enterprises reach right decision.
Contact
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Transparency Market Research
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