Global 2,5-Furandicarboxylic Acid (FDCA) Market Valuable Growth Prospects and Insights on Future Scenario

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “2,5-Furandicarboxylic Acid (FDCA) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2025” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global 2,5-Furandicarboxylic Acid (FDCA) Market have been elaborated upon in the research report.

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2,5-Furandicarboxylic acid (FDCA) is an oxidized furan derivative. It is a very stable compound. FDCA is a natural di-acid, first detected in the human body. It is a promising bio-based building block for resins and polymers. It can substitute terephthalic acid (TPA) in the production of polyesters such as PET. It can be used in the production of a new class of polyethylene furanoate (PEF) polymers and bio-based recyclable plastic bottles. The global 2, 5 furandicarboxylic acid market is expected to expand at a significant rate driven by increase in demand from the packaging industry. The 2, 5 furandicarboxylic acid market was valued at about US$ 300 Mn in 2016 and is projected to expand at a CAGR of 8.2% during the forecast period.  

Factors such as rise in environmental safety concerns regarding plastic dumping and overflowing landfills, government sanctions making biobased packaging mandatory, incentives for green packaging companies in the form of tax rebates, and increase in consumer awareness about minimizing waste are driving demand for 2, 5 furandicarboxylic acid. One of the major factors driving governments to promote biobased plastics is the problem of disposal of conventional plastics. Plastics made from biobased chemicals such as 2, 5 furandicarboxylic acid, HME, PEF, etc. are eco-friendly and biodegrade. Rise in demand for packaging materials and the need for bio-based products are expected to boost demand for 2, 5 furandicarboxylic acid. Increase in emphasis on sustainable packaging has had a significant impact on the global FDCA market. However, high cost of FDCA compared to conventional polymers is hampering the market. Additionally, fluctuations in prices of petrochemicals used in the production of petro-based plastics have become an opportunity for biobased materials. Biobased plastics are prepared from naturally occurring materials such as cellulose, starch, and oil. These materials are easily available at low cost.

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Asia Pacific was  a rapidly expanding region of the 2, 5 furandicarboxylic acid market in 2016. The market in the region is anticipated to be fuelled during the forecast period by increased awareness of biobased products, rise in environmental concerns, and increasing regulatory interventions in countries such as China, South Korea, and Japan. The market in the region is anticipated to expand at a rapid pace due to the flourishing packaging industry, favorable government policies for manufacturers, and the shifting of production facilities by major players from developed economies to emerging countries due to low labor and operating costs.

In terms of application, the 2, 5 furandicarboxylic acid market can be divided into polyesters, polyamides, polycarbonates, plasticizers, and others. The polyester segment is anticipated to dominate the market during the forecast period. 2, 5 furandicarboxylic acid replaces terephthalic acid and by using renewable EG, a 100% renewable polyester. The polyester has polymers’ characteristics of biodegradability and biocompatibility, which increases its demand. Governments across the world are encouraging the usage of biobased products, which is stimulating the packaging industries. Imposition of government norms against carbon emissions and plastic usage is responsible for the rise in demand for 2, 5 furandicarboxylic acid based products. Increasing awareness regarding environmental issues is a key driver of the 2, 5 furandicarboxylic acid market applicable to the 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.

Key Takeaways

An extensive analysis of the 2,5-furandicarboxylic acid market trends and shares from 2016 to 2025 to identify the market opportunities and analyze industry development
Production output by region and of Avantium Holding BV company
A list of key developments in the 2,5-furandicarboxylic acid market made by key players
A list of key factors responsible for building the upcoming opportunistic roadmap for the 2,5-furandicarboxylic acid market at a global, regional, and country level
Comprehensive analysis with respect to investments and price trends that impact the outlook of the global 2,5-furandicarboxylic acid market between 2016 and 2025
The report provides insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. They analyze the strengths and weaknesses to gain strategic position in the market.

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This release was published on openPR.