2,5-Furandicarboxylic Acid (FDCA) Market by New Business Developments, Innovations, and Top Companies - Forecast To 2026 | Avantium Holdings NV, Synbias, V&V Pharma Industries, Carbone Scientific, Tokyo Chemical Industry

The global 2,5-Furandicarboxylic Acid (FDCA) Market is expected to reach USD 786.3 Million by 2026, according to a new report by Reports and Data. The extensive application of this chemical is accounted for its demand in the synthesis of renewably sourced polyesters as the monomer replaces terephthalic acid. The characteristics of biodegradability and biocompatibility makes 2,5-Furandicarboxylic Acid (FDCA) the most preferred material for making polyesters like PET and PBT.

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The promising applications of FDCA in the production of bio-based plastics has resulted in a substantial commercial value in the packaging industries across the globe. The use of this chemical is strengthened by increasing swing of governments in various countries for bio-based plastics to combat the escalating problem triggered by plastics pollution. Governments have also been active in offering incentives, mainly providing tax rebates, to companies in the chemical industry for the production of green packaging.

Key participants include Avantium Holdings NV, Synbias, V&V Pharma Industries, Carbone Scientific, Tokyo Chemical Industry, Chemsky, Avalon Industries AG, Novamont SPA, AstaTech Inc., and Corbion NV among others.

Increasing consumer awareness regarding the escalating concern of inadequate disposal of bio-plastics has played a vital role in driving the applications of 2,5-Furandicarboxylic Acid (FDCA) in the production of eco-friendly plastics. The growing demand for bio-based and sustainable packaging in across the globe is propelling the usage in numerous bio-based applications. Additionally, frequent variations in the prices of petrochemicals used in the plastics manufacturing industry have also had considerable prospects in the market.

Economic production of 2,5-Furandicarboxylic Acid (FDCA) is anticipated to create a huge demand for bio-based FDCA owing its potential to substitute various petrol based chemicals and also bio-based intermediates like levulinic acid and succinic acid. The characteristics of this chemical, results in the superior end product and lesser by-products.

The availability of raw materials may create hindrances in the market growth in the forecast period. The mass production of this chemical requires huge feedstock input which would make the raw material suppliers play a pivotal role in the market.

For the purpose of this report, Reports and Data have segmented global 2,5-Furandicarboxylic Acid (FDCA) market on the basis of application, end-user, method, channel, and region:

Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
o PET
o Polyamides
o Polycarbonates
o Plasticizers
o Polyesters Polyols
o Others

End-User Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
o Chemical
o Pharmaceutical
o Scientific Research

Method Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
o Dehydration of Hexose Derivatives
o Oxidation of 2,5-Distributed Furans
o Catalytic Conversions of Various Furan Derivatives
o Biological Conversion of HMF

Channel Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
o Direct Sales
o Distribution

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Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o The application of 2,5-Furandicarboxylic Acid (FDCA) in the manufacturing of PET is estimated to contribute to the largest market share with more than 50% of the market share in 2018 with a growth rate of 8.6% during the forecast period. The use of PET in the food and packaging industry has created a great interest in the development of bio-based PET.
o The chemical industry held a significant market share in 2018 and is expected to have a considerable growth rate in the period 2019-2026.
o North America and Europe are the key revenue generating regions in the market. The consistent emphasis of the regulatory agencies in the European Union on bio-based or green procurement policies in the chemicals industries has been a vital factor supporting the demand for 2,5-Furandicarboxylic Acid (FDCA). Moreover, extensive consumer awareness regarding environmental-friendly products in various developed countries of Europe is fueling the growth of the market.

To get the full report on the 2,5-Furandicarboxylic Acid (FDCA) Market, with global and region-wise coverage, visit this link now@ https://www.reportsanddata.com/report-detail/2-5-furandicarboxylic-acid-fdca-market

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5. Outlines the competitive landscapes with the individual market share of top vendors

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