Press release
Bio-Based Polyethylene Furanoate Gaining Traction Due To Its Frequent Natural Occurrence, Unveils Fact.MR
Latest industry survey by Fact MR, predicts Polyethylene Furanoate (PEF) sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
The report offers actionable and valuable market insights of Polyethylene Furanoate (PEF). The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Polyethylene Furanoate (PEF) across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Polyethylene Furanoate (PEF). This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Polyethylene Furanoate (PEF)
This newly published and insightful report sheds light on Market Insights of Polyethylene Furanoate (PEF), key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Polyethylene Furanoate (PEF).
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"Increasing Adoption of Advanced Techniques in Polyethylene Furanoate Production"
According to Fact.MR, a market research and competitive intelligence provider, the global polyethylene furanoate market expanded at a CAGR of 6.1% from 2017 to 2021.
The population's development and adoption of advanced techniques, as well as important contributors to industry growth, have fueled market growth in terms of both value and volume. A major growth driver for the industry is the preference for Polyethylene furanoate (PEF) over the traditional approach.
Rising use of bio-based polymers in the medical industry is expected to open up a slew of new chances for market expansion. Growing demand for PEF-based materials in the packaging industry, particularly for beverage packaging of various kinds and, to a lesser extent, alcohol packaging, is expected to propel the PEF market forward over the coming years.
PEF-based materials have a high quotient of resistance to oxygen and carbon dioxide, which aids in the prevention of food oxidation. This is driving up demand for PEF-based products in the food and beverage industry, raising the overall value of the market.
The carbonated soft drink business is rapidly expanding, which has resulted in increased demand for bottles. Chlorosulfonated polyethylene is widely used in the building and construction industry.
Growing environmental concerns about reducing greenhouse gas emissions in the environment could be a major factor driving polyethylene furanoate market expansion. In addition, tight government rules prohibiting the use of non-recyclable plastics are expected to boost the market growth.
There has been a shift in the tendency towards the use of environment-friendly substitutes, which is expected to boost the growth of the polyethylene furanoate (PEF) market.
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FDCA is produced from recycled material and is used to make polyethylene furanoate, which is a polyethylene terephthalate alternative. The need for FDCA has increased as a result of environmental regulations and direct action from governments and international agencies.
Polyethylene furanoate, also termed polyethylene 2,5-furandicarboxylate, is a plant-based biopolymer that is 100% recyclable. It is gaining traction as a result of numerous companies producing 100% bio-based bottles, films, and fibers. Because of its better mechanical, thermal, and barrier qualities, the product is expected to see rapid expansion as a potential replacement for bio-based PET.
Competitive Landscape
The competitive landscape of the PEF market is defined by the current tactics and advancements followed by top market competitors in the industry. Top companies in the polyethylene furanoate market form collaborations, enhance service offerings, and expand their commercial activities to better enjoy a market placement.
For instance,
In 2020, Avantium, a Dutch biochemical business, raised funds for a campaign that aims to convert sustainably cultivated crops into plant-based plastic. The initiative drew interest from many big companies, including Danone, Carlsberg, and Coca-Cola. It is expected that the aforementioned brands will use Avantium's technology in their future goods.
Key Segments Covered in Polyethylene Furanoate Industry Research
Polyethylene Furanoate Market by Type :
Plant-based Polyethylene Furanoate
Bio-based Polyethylene Furanoate
Others
Polyethylene Furanoate Market by Application :
Fibers
Bottles
Films
Polyethylene Furanoate Market by Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/7489
Report Benefits & Key Questions Answered
Polyethylene Furanoate (PEF) Company & brand share analysis: The report offers brand-share analysis on Polyethylene Furanoate (PEF) to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
Polyethylene Furanoate (PEF) Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
Polyethylene Furanoate (PEF) Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
Polyethylene Furanoate (PEF) Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
Polyethylene Furanoate (PEF) Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
Post COVID consumer spending on Polyethylene Furanoate (PEF): The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Polyethylene Furanoate (PEF)
More Valuable Insights on Polyethylene Furanoate (PEF)
Fact.MR, in its new report, offers an unbiased Market Analysis of Polyethylene Furanoate (PEF), Sales and Demand of Polyethylene Furanoate (PEF), analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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