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Polyethylene Furanoate Market worth $61.12 million by 2030, growing at a CAGR of 6.18% - Exclusive Report by 360iResearch
Polyethylene Furanoate Market | 360iResearch
The Global Polyethylene Furanoate Market to grow from USD 40.15 million in 2023 to USD 61.12 million by 2030, at a CAGR of 6.18%.
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Polyethylene Furanoate, or PEF, is a type of polyester that is derived from renewable resources. Its building blocks include mono ethylene glycol, which can be produced from ethylene derived from bio-based sources, and 2,5-furan dicarboxylic acid (FDCA), which is made from biomass such as carbohydrates. The market for PEF encompasses the production, distribution, and application of this sustainable alternative material. Rising consumer awareness of environmental sustainability and the stringent government regulations of the plastic industry are driving the market growth. Increasing demand from the packaging and textile industry is also propelling the growth of the PEF market. High production costs associated with PEF, improper plastic waste collection concerns, and limited chemical recycling infrastructures could hinder market growth. The emerging adoption of PEF in the food and beverage industry, investments in the scalability of production processes, and the development of PEF recycling techniques are expected to create opportunities for market expansion.
The market for Polyethylene Furanoate (PEF) in the Americas is expected to grow due to increasing demand for sustainable packaging solutions, especially in the North American region. The United States and Canada are leading the way in developing and adopting eco-friendly packaging, driven by consumer awareness, stringent environmental regulations, and initiatives to decrease carbon footprints. Moreover, prominent market players and advanced technological capabilities bolstered PEF's market growth in this region. The PEF market in South America is in a formative phase, with several international and regional players exploring the potential of PEF production. The Asia-Pacific region represents a substantial growth opportunity for the PEF market, fuelled by rapidly expanding economies and increasing retail and packaged goods market penetration. Countries such as China, Japan, and India show high potential due to their large consumer bases and growing awareness about sustainable materials. However, the region also poses challenges, such as competition from existing materials and the need for infrastructure to support bio-based polymer production and recycling. The market for PEF in the EMEA region is growing steadily, with Europe leading the charge due to its stringent environmental legislation and targets for reducing plastic waste. The European Union's directives on packaging waste management and circular economy are key drivers for PEF adoption. In the Middle East and Africa, the market is in its developmental stage, but the growth potential is significant, especially in the luxury packaging and high-end textile markets, which are looking towards sustainable materials to add value to their products.
Market Segmentation & Coverage:
This research report categorizes the Polyethylene Furanoate Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Source, market is studied across Biomass and Plant-based. The Biomass is projected to witness significant market share during forecast period.
Based on Grade, market is studied across Food Grade, High-Performance Grade, and Standard Grade. The Food Grade is projected to witness significant market share during forecast period.
Based on Application, market is studied across Bottles, Fibers, and Films. The Films is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive, Electronics, Packaging, and Textile. The Packaging is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.46% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Polyethylene Furanoate Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Polyethylene Furanoate Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Polyethylene Furanoate Market, highlighting leading vendors and their innovative profiles. These include ALPLA Werke Alwin Lehner GmbH, Anglés Textil S.A., Ava Biochem BSL AG, Avantium N.V., BekaertDeslee, Carlsberg Group, Corbion N.V., DuPont de Nemours, Inc., Eastman Chemical Company, Henkel AG & Co. KGaA, Idemitsu Kosan Co., Ltd., Kvadrat, Mitsui & Co., Monosuisse AG, Origin Materials Inc., Salomon Group, Sulzer Ltd, Swicofil AG, Swire Pacific Limited, Tereos, The Coca-Cola Company, Toray Industries, Inc., Toyo Seikan Co., Ltd, and Toyobo Co., Ltd.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Polyethylene Furanoate Market, by Source
7. Polyethylene Furanoate Market, by Grade
8. Polyethylene Furanoate Market, by Application
9. Polyethylene Furanoate Market, by End-User
10. Americas Polyethylene Furanoate Market
11. Asia-Pacific Polyethylene Furanoate Market
12. Europe, Middle East & Africa Polyethylene Furanoate Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Polyethylene Furanoate Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Polyethylene Furanoate Market?
3. What is the competitive strategic window for opportunities in the Polyethylene Furanoate Market?
4. What are the technology trends and regulatory frameworks in the Polyethylene Furanoate Market?
5. What is the market share of the leading vendors in the Polyethylene Furanoate Market?
6. What modes and strategic moves are considered suitable for entering the Polyethylene Furanoate Market?
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