The report "Polyethylene Furanoate (PEF) Market by Source (Plant Based, Bio Based), Grade, Application (Bottles, Films, Fibers, Molded), End-Use Industry (Packaging, Fiber & Textiles, Electronics & Electrical, Pharmaceuticals), & Region - Global Forecast to 2028 ",is projected to reach USD 28 million by 2028, at a CAGR of 8.1 % from USD 19 million in 2023. The PEF market is mainly driven by government regulation & policies. Moreover, increasing demand for PEF for bottle production and the growing demand from the fiber segment.
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310 – Tables
148 – Figures
270 – Pages
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Packaging segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.
The packaging sector is a crucial domain for Polyethylene Furanoate (PEF) due to its wide-ranging advantages. PEF emerges as a sustainable substitute for conventional packaging materials such as polyethylene terephthalate (PET). Its exceptional ability to resist gases like oxygen and carbon dioxide makes it an excellent choice for diverse packaging applications. PEF's impressive thermal and mechanical characteristics, alongside its recyclability and renewable origin, contribute to reducing environmental impact. This positions PEF as an eco-friendly alternative to standard plastics.
Bottles segment is projected to grow at fastest CAGR, in terms of value, during the forecast period.
Polyethylene furanoate (PEF) emerges as a promising contender in the bottle market, providing an eco-conscious substitute for conventional plastics such as polyethylene terephthalate (PET). Sourced from plants, PEF offers sustainability and heightened barrier properties, preserving beverage quality and extending shelf life. Its lightweight composition not only reduces material consumption but also cuts down on transportation expenses. While PEF aligns with current recycling systems, challenges including production scalability, cost-effectiveness, regulatory compliance, and consumer acceptance remain pivotal hurdles.
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Asia Pacific is expected to be the fastest growing market for PEF during the forecast period, in terms of value.
The markets of Asia Pacific are registering high growth, and the trend is projected to continue during the forecast period. Shifting consumer preferences toward sustainable products plays a pivotal role. With heightened environmental consciousness, consumers here are actively seeking eco-friendly alternatives, presenting a substantial demand for PEF due to its renewable sourcing and potential biodegradability. The region's robust economic growth and rapid urbanization fuel a surge in packaged goods consumption, particularly beverages. As disposable incomes rise and lifestyles evolve, there's an escalating demand for innovative, sustainable packaging solutions like PEF to meet these changing consumer needs.
Key Players
Agreement and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PEF market include Avantium NV (Netherland), Sulzer (Switzerland), AVA Biochem (Switzerland), ALPLA Group (Austria), Swicofil (Switzerland), Origin Materials (US), Toyobo Co., Ltd. (Japan), Danone (France), Mitsui & Co. (Japan), Eastman (US).
Avantium NV
Avantium is a leading company in the field of renewable and sustainable chemistry. It is focused on developing innovative technologies and processes that utilize renewable feedstocks to create a wide range of sustainable materials, chemicals, and products The company operates through three business segments, namely renewable polymers, renewable chemistries, and R&D solutions. The company’s product line includes furandicarboxylic acid (FDCA), PEF, PlantMEG and various technologies. The company serves its products to packaging industry, film, textiles, solvents and coolants, chemicals, and polyesters. The company is employing approximately 200 people, with extensive R&D laboratories and three pilot plants in Geleen and Delfzijl, the Netherlands. Avantium is currently involved in partnerships with Mitsui, Toyobo, Alpla, Danone, Carlsberg, Paboco, BillerudKorsnas, and R&F Chemical for the development of 100% plant-based PEF bottles and films.
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Sulzer
Sulzer is a world leader in fluid engineering and chemical processing applications. The company specializes in energy-efficient pumping, agitation, mixing, separation, purification, crystallization, and polymerization technologies for fluids of all types. The company operates through 3 business divisions: flow equipment, services, and Chemtech. The company’s product line includes agitators, mixers, tower management systems, compressors and aeration, pumps, control and monitoring equipment, separation technology, process plants, polymer production technology, lifting stations, solid reduction, separation and removal systems, screening, sedimentations and filtration solutions and digital solutions. The company’s product line has applications in food & beverage, fertilizer, construction, mining and metals, oil & gas and chemical industry, polymer, power generation, pulp & paper, automotive and wastewater treatment. The company has a strong global presence, and operates in Europe, Americas, Middle East & Africa, and Asia Pacific.
The report provides insights on the following pointers:
- Market Penetration:Comprehensive information on the product portfolios of the top players in the Polyethylene Furanoate (PEF) market.
- Product Development/Innovation:Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development:Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Polyethylene Furanoate (PEF) market.
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Polyethylene Furanoate (PEF) market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Polyethylene Furanoate (PEF) market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Polyethylene Furanoate (PEF) market is segmented into:Bio-basedPlant-BasedDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61152/global-japan-polyethylene-furanoate-2026-544Segment by Application, the Polyethylene Furanoate (PEF) market is segmented into:BottlesFilmsFibersRegional and Country-level Analysis:The Polyethylene Furanoate (PEF) market is analysed and market size information is provided by regions (countries).The key regions covered in the Polyethylene Furanoate (PEF) market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Polyethylene Furanoate (PEF) Market Share Analysis:Polyethylene Furanoate (PEF) market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It is better known by different names such as polyethylene furanoate, poly (ethylene furanoate), and poly (ethylene 2,5-furandicarboxylate).
It can be defined as a polymer that is manufactured with the help of polycondensation involving ethylene glycol and 2,5-furandicarboxylic acid (FDCA).
The most striking aspect associated with it is that it has the potential to substitute conventional resources by durable material PET.
It is also likely to emerge as the next generation polyester.Download Sample Report @ https://www.millioninsights.com/industry-reports/polyethylene-furanoate-pef-market/request-sampleThe key reason behind robust market growth of polyethylene furanoate could be growing environmental concerns in order to reduce the greenhouse gas emissions in the surroundings.
There has been a shift in the trend towards utilization of eco-friendly substitutes, which will soon foster the market growth in the near future.
On the other hand, fall in the prices of crude oil and low availability of the raw material may hamper the PEF market growth in the years to come.In addition, the bio-based PRT is a polymer consisting of approximately 30% bio-based MEG and 70% PTA.
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