Emergen Research's latest market research report, titled Global Polyethylene Furanoate Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.
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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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 companies will use 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.
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Some Key Highlights of the Polyethylene Furanoate Market
- 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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Market Overview:
The report bifurcates the Polyethylene Furanoate market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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
- North America
more
The various regions analyzed in the report include:
- 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)
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