Global 2,5-Furandicarboxylic Acid (FDCA) Market is expected to reach USD 1,513.0 million by 2030

2,5-Furandicarboxylic Acid Market Size

Global 2,5-Furandicarboxylic Acid (FDCA) Market reached USD 253.9 million in 2022 and is expected to reach USD 1,513.0 million by 2030, the market is growing with a CAGR of 25.0% during the forecast period 2023-2030. During the forecast period, increasing demand for sustainable products is likely to drive the growth of the global 2,5-furandicarboxylic acid (FDCA) market.

As environmental and sustainability worries become more essential due to increasing consumer cognizance, industries are looking for eco-friendly alternatives. FDCA demand is predicted to witness sizeable growth over the forecast duration.

Ongoing research to develop new low in cost methods for commercial FDCA production are likely to augment market increase. New production methods ought to decrease expenses and therefore inspire wider adoption. In January 2023, scientists from the University of Electronic Science and Technology of China in Chengdu, China published a paper detailing the alternative approach for electrocatalytic oxidation of five-hydroxymethylfurfural to synthesize 2,5-furandicarboxylic acid.

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Market Dynamics

Growing Demand for Bioplastics

Conventional plastics are manufactured with the use of herbal gasoline, crude oil or another hydrocarbon polymerization. Plastic is a flexible, durable and cheap fabric and is impervious to many fluids and chemical compounds, making it perfect for an extensive range of industrial and business programs. However, the equal properties that make plastic flexible also make it dangerous to the surroundings.

Plastic is not biodegradable, and its ever-developing utilization has led to a chief international plastic waste trouble. Plastic debris gathers inside the Earth's predominant ecosystems as micro and macro debris. The growing plastic waste threatens marine and land flora and fauna and is inflicting irreversible harm to their herbal habitats.

The developing issues approximately traditional plastics have led to expanded demand for bioplastics. Bioplastics are particularly constructed from renewable sources inclusive of vegetable and animal fat, biomass and recycled meals waste. 2,5-furandicarboxylic acid (FDCA) is a natural compound derived from natural resources. It is used as an alternative for hydrocarbon-derived terephthalic acid in bioplastics production.

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Market Segmentation
By Type
1. 99%
2. 98%
3. 97%
4. Others

By Raw Material
1. Carbohydrates
2. Renewable Biomass

By Application
1. Polyester
2. Polyamides
3. Polycarbonates
4. Plasticizers
5. Polyester Polyols
6. Polyethylene Furanoate (PEF)

By End-User
1. Chemicals
2. Pharmaceuticals
3. Scientific Research

Market Keyplayers
Major players are Merck KGaA, AVA Biochem AG, Otto Chemie Pvt Ltd, Avantium, Toronto Research Chemicals, V & V Pharma Industries, Tokyo Chemical Industry Co Ltd, Thermo Fisher Scientific, AstaTech Inc and Novamont S.p.A.

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