Polyethylene Furanoate (PEF) is commonly referred to as next-generation polyester. Polyethylene furanoate is a 100% bio-based, recyclable polymer made using plant-derived renewable raw materials (sugar). Polyethylene furanoate offers a number of benefits such as superior barrier efficiency, high glass transition temperature, and lower melting point, and polyethylene furanoate is recyclable and thus has a reduced carbon footprint. It is capable of replacing polyethylene terephthalate (PET).
The increasing use of polyethylene furanoate in the packaging industry, coupled with the rapidly rising food & beverage sector, is one of the significant factors driving the market growth. The increase in the use of polyethylene furanoate is likely to lead to the potential resolution of environmental concerns. PEF comprises approximately 70% of monoethylene glycol and 30% of bioderived furandicarboxylic acid (FDCA). Owing to its relatively high biodegradability, it is now recognized as the best alternative available for use in sustainable packaging over the estimated period, making it more biodegradable and less harmful to the environment compared to oil-based PET. Furthermore, at present, polyethylene furanoate is commonly used in the textile industry to manufacture bio-based fibers. This is expected to increase the use of polyethylene furanoate. However, the existence of PEF alternatives such as bio-based PET is likely to impede market growth in the future. However, R&D specialists concentrate on manufacturing and selling polyethylene furanoate-based bottles, which is further estimated to provide new opportunities for growth in the industry.
The "Global Polyethylene Furanoate Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the polyethylene furanoate market with detailed market segmentation by type, application, and geography. The global polyethylene furanoate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading polyethylene furanoate market players and offers key trends and opportunities in the market.
The global polyethylene furanoate market is segmented on the basis of type and application. On the basis of type the global polyethylene furanoate market is segmented into plant- based and bio- based. Based on application the global polyethylene furanoate market is segmented into bottles, fibers, and films.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global polyethylene furanoate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The polyethylene furanoate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the polyethylene furanoate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the polyethylene furanoate market in these regions.
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The reports cover key developments in the polyethylene furanoate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from polyethylene furanoate market are anticipated to lucrative growth opportunities in the future with the rising demand for polyethylene furanoate in the global market. Below mentioned is the list of few companies engaged in the polyethylene furanoate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the polyethylene furanoate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Avantium Technologies B.V.
Toyobo Co., Ltd.
The Coca-Cola Company
ALPLA Werke Alwin Lehner GmbH & Co KG
Mitsui & Co., Ltd.
WIFAG-Polytype Holding AG
Toray Industries Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. ALPLA Werke Alwin Lehner GmbH and Co KG
2. Avantium Technologies B.V.
3. Danone S.A.
4. Gevo, Inc.
5. Mitsui and Co., Ltd.
6. Swire Pacific
7. The Coca-Cola Company
8. Toray Industries Inc.
9. Toyobo Co., Ltd.
10. WIFAG-Polytype Holding AG