Global FDCA Market Analysis of 2026 focusing on Top Players like Avantium Technologies BV, V & V Pharma Industries, TCI Chemicals (India) Pvt. Ltd, AVA Biochem AG, trc-canada.com, Alfa Aesar
Market Analysis: Global FDCA Market
Global FDCA market is set to witness substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising application of FDCA and increasing usage in variety of petrochemical are the factor for the market growth.
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Global FDCA market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of FDCA market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global FDCA market are Avantium Technologies BV, V & V Pharma Industries, TCI Chemicals (India) Pvt. Ltd, AVA Biochem AG, trc-canada.com, Alfa Aesar, Thermo Fisher Scientific., AstaTech, Inc., Novamont S.p.A., Eastman Chemical Company, Merck KGaA, Sai Carbohydrates., GODAVARI BIOREFINERIES LTD., BASF SE, among others.
Global FDCA Market By Application (PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols, Others), Type (Dehydration Of Hexose Derivatives, Oxidation Of 2,5-Disubstituted Furans, Catalytic Conversions of Various Furan Derivatives, Biological Conversion of Hmf), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
• In September 2017, Eastman Chemical Company and Origin Materials have signed a non-exclusive licensing agreement for Eastman to license its patented 2,5-Furandicarboxylic Acid and FDCA derivatives manufacturing technology from renewable resources to original materials. Eastman's technology is widely versatile and delivers crude FDCA, polymer grade FDCA, and polymer grade DMF. This technology will help the origin to produce FDCA monomer which can be used by them for production of films, PEF bottles, and other plastics
• In March 2016, BASF SE and Avantium Technologies BV announced that they have entered into exclusive agreements to set up a joint venture (JV) to manufacture and market furandicarboxylic acid and polyethylenefuranoate. For the development of FDCA, the JV will use the YXY process built by Avantium in its Amsterdam laboratories and the pilot plant in Geleen, Netherlands. This launch will help both the companies to strengthen their market position.
Market Definition: Global FDCA Market
FDCA is a chemical compound made up of two classes of carboxylic acids bound to a central furan channel. They are usually produced from different carbohydrates. FDCA is stable in nature and have high melting point. They are widely used in applications such as polyamides, plasticizers, polyester, polycarbonates, and others. They are also used as the initial material in the manufacturing of succinic acid.
• Growing demand for bio based PET will enhance the market growth
• Strict regulations associated with the usage of phthalate based plasticizers will also accelerate the growth of this market
• Increasing usage of FDCA as a substitute of bio based adipic acid will also boost the market growth
• Rising R&D investment is another factor which is driving the market growth in the forecast period
• Unavailability of raw material will hamper the market growth
• Unviable manufacturing process will also restrain the market
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Segmentation: Global FDCA Market
o Polyester Polyols
o Dehydration Of Hexose Derivatives
o Oxidation Of 2,5-Disubstituted Furans
o Catalytic Conversions of Various Furan Derivatives
o Biological Conversion of Hmf
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Data Bridge Market Research
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