The global Polyethylene Furanoate Market will be worth USD 120.1 million by 2027, according to a current analysis by Emergen Research. The growing demand for bio-based polymer products across multiple industries like automotive and packaging has been the primary driving factors propelling the market growth on a global scale. Additionally, the consumer as well as environment friendly features of PEF over bio-based PET is expected to stimulate the demand in the future.
PEF is a biobased polymer which is 100% recyclable and is extracted from plants. Various companies are focusing on the production of 100% biobased films, fibers and bottles because of which PEF is gaining traction. It is expected to observe significant growth because it is widely used as a potential substitute for biobased PET because of its better barrier, mechanical and thermal properties. Furthermore, it has superior tensile strength because of which it needs lesser additives than PET. Without affecting any performance of recycled PET, PEF has the potential to be recycled as well as incorporated into PET recycle streams at around 5% of PEF.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/267
Avantium Technologies B.V., Toyobo Co., Ltd., Sulzer ChemTech., Corbion, Biochem AG, and Swicofil AG. among others.
Emergen Research has segmented into the global Polyethylene Furanoate Market on the application and region:
Application Outlook (Revenue, USD Billion; 2017-2027)
Request a discount on the report @ https://www.emergenresearch.com/request-discount/267
Key Highlights From The Report.
In June 2019, the Netherlands based Avantium, commercialized its patented YXY branded technology of furanics. With the help of this strategy, the company is trying to produce technologically advanced green fuels in order to scale up the usage of PEF across all the major regions.
The bottle segment is gaining a lot of traction over the recent past and is likely to register a progressive CAGR of 18.1% throughout the forecasted period. This is mainly because packaged drinking services are majorly shifting towards the adoption of PEF because of the friendly characteristics as well as the growing levels of awareness regarding the betterment of the environment.
The films made using PEF material have potentially good odor and gas barrier properties. They have the capability to replace different kinds of plastic resins present in packaging applications. This is likely to stimulate the demand of PEF over the forthcoming years and boost its market growth over the forecasted years.
Key Questions Answered in the Report:
What will be the estimated growth rate of the Polyethylene Furanoate market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Polyethylene Furanoate market throughout the forecast period?
What are the current and future market trends of the Polyethylene Furanoate market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
Regional Analysis Covers:
Middle East Africa
In conclusion, the report provides a qualitative and quantitative analysis of the Global Polyethylene Furanoate market, including the global and regional analysis of the market. The study covers critical information and factual data about the Polyethylene Furanoate industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Polyethylene Furanoate market is expected to fare in the forecast timeline. The report utilizes Polyethylene Furanoate analytical tools to offer an estimation of the outlook of the global state of the Polyethylene Furanoate market industry.
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/267
Thank you for reading our report. The report can be customized as per requirement. Please get in touch with us for further inquiry and we will ensure you get the report best suited for your needs.
Take a Look at our Related Reports:
5G Chipset Market https://www.digitaljournal.com/pr/5g-chipset-market-swot-analysis-latest-innovations-emerging-trends-industry-size-growth-outlook-and-forecast-2028
Interventional Cardiology Devices Market https://www.digitaljournal.com/pr/interventional-cardiology-devices-market-industry-analysis-growth-opportunities-top-companies-revenue-growth-and-business-development-report-by-2028
Women’s Health Market https://www.digitaljournal.com/pr/womens-health-market-worth-24-48-billion-by-2027-emergen-research
Metaverse in Media and Entertainment Market https://www.digitaljournal.com/pr/metaverse-in-media-and-entertainment-market-size-to-grow-by-usd-28-92-billion-driven-by-the-hungama-digital-media-qualcomm-overactive-media
Acid Chlorides Market https://www.digitaljournal.com/pr/acid-chlorides-market-trend-growth-size-forecast-key-players-and-competitive-lanscape-research-report
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting
Read Press Release@ https://www.emergenresearch.com/press-release/global-polyethylene-furanoate-market
Latest Report Nanomagnetics Market Augmented Reality Market
Trending Title Fitness Tracker Market Newborn Screening Market