2, 5 Furandicarboxylic Acid (FDCA) Market: Snapshot
2,5-Furandicarboxylic acid (FDCA) is an oxidized furan derivative. It is a very stable compound. FDCA is a natural di-acid, first detected in the human body. It is a promising bio-based building block for resins and polymers. It can substitute terephthalic acid (TPA) in the production of polyesters such as PET. It can be used in the production of a new class of polyethylene furanoate (PEF) polymers and bio-based recyclable plastic bottles. The global 2, 5 furandicarboxylic acid market is expected to expand at a significant rate driven by increase in demand from the packaging industry. The 2, 5 furandicarboxylic acid market was valued at about US$ 300 Mn in 2016 and is projected to expand at a CAGR of 8.2% during the forecast period.
Factors such as rise in environmental safety concerns regarding plastic dumping and overflowing landfills, government sanctions making biobased packaging mandatory, incentives for green packaging companies in the form of tax rebates, and increase in consumer awareness about minimizing waste are driving demand for 2, 5 furandicarboxylic acid. One of the major factors driving governments to promote biobased plastics is the problem of disposal of conventional plastics. Plastics made from biobased chemicals such as 2, 5 furandicarboxylic acid, HME, PEF, etc. are eco-friendly and biodegrade. Rise in demand for packaging materials and the need for bio-based products are expected to boost demand for 2, 5 furandicarboxylic acid. Increase in emphasis on sustainable packaging has had a significant impact on the global FDCA market. However, high cost of FDCA compared to conventional polymers is hampering the market. Additionally, fluctuations in prices of petrochemicals used in the production of petro-based plastics have become an opportunity for biobased materials. Biobased plastics are prepared from naturally occurring materials such as cellulose, starch, and oil. These materials are easily available at low cost.
Asia Pacific was a rapidly expanding region of the 2, 5 furandicarboxylic acid market in 2016. The market in the region is anticipated to be fuelled during the forecast period by increased awareness of biobased products, rise in environmental concerns, and increasing regulatory interventions in countries such as China, South Korea, and Japan. The market in the region is anticipated to expand at a rapid pace due to the flourishing packaging industry, favorable government policies for manufacturers, and the shifting of production facilities by major players from developed economies to emerging countries due to low labor and operating costs.
In terms of application, the 2, 5 furandicarboxylic acid market can be divided into polyesters, polyamides, polycarbonates, plasticizers, and others. The polyester segment is anticipated to dominate the market during the forecast period. 2, 5 furandicarboxylic acid replaces terephthalic acid and by using renewable EG, a 100% renewable polyester. The polyester has polymers’ characteristics of biodegradability and biocompatibility, which increases its demand. Governments across the world are encouraging the usage of biobased products, which is stimulating the packaging industries. Imposition of government norms against carbon emissions and plastic usage is responsible for the rise in demand for 2, 5 furandicarboxylic acid based products. Increasing awareness regarding environmental issues is a key driver of the 2, 5 furandicarboxylic acid market applicable to the beverage industry. Increase in the rate of urbanization across various regions around the world is an essential expansion indicator for the 2, 5 furandicarboxylic acid market.
In terms of region, Europe accounted for significant demand for 2, 5 furandicarboxylic acid in 2016. Europe held a significant share of the global 2, 5 furandicarboxylic acid market in 2016. Expansion in this region can be primarily ascribed to its status as a hub for developed countries. High degree of environmental awareness and imposition of strict government norms by the European Union to boost environmental friendly products are likely to drive the 2, 5 furandicarboxylic acid market in Europe. Asia Pacific was a rapidly expanding region of the 2, 5 furandicarboxylic acid in the year 2016. Rapid industrialization and changing behavioral patterns among consumers are elements accountable for driving the market in Asia Pacific. China accounts for a major share in the Asia Pacific 2, 5 furandicarboxylic acid market, owing to the utilization of bio-PET products in packaging applications.
Key players operating in the 2, 5 furandicarboxylic acid market include Avantium Holding BV, Corbion NV , Toronto Research Chemicals Inc, Alfa Aesar GmbH & Co KG, Synvina, Asta Tech Inc, Novamont SpA, Chemsky (Shanghai) International Company Limited, . AVALON Industries AG, and V & V Pharma Industries.
This report analyzes and forecasts the market for hollow fiber ceramic membranes at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (thousand square meter) from 2016 to 2025. The study includes drivers and restraints of the global 2,5-furandicarboxylic acid market. It also covers the impact of these drivers and restraints on demand for 2, 5 furandicarboxylic acid during the forecast period. The report also highlights opportunities in the 2,5-furandicarboxylic acid market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global 2,5-furandicarboxylic acid market. Porter’s Five Forces model for the 2,5-furandicarboxylic acid market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global, 2,5-furandicarboxylic acid market by segmenting it in terms of application. The segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecasted demand for 2,5-furandicarboxylic acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all the regions.
The study includes profiles of major companies operating in the global, 2,5-furandicarboxylic acid market. Key players profiled in the 2,5-furandicarboxylic acid market include Avantium Holding BV, Corbion NV , Toronto Research Chemicals Inc, Alfa Aesar GmbH & Co KG, Synvina, Asta Tech Inc, Novamont SpA, Chemsky (Shanghai) International Company Limited, . AVALON Industries AG, and V & V Pharma Industries. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of 2,5-furandicarboxylic acid for 2016 and forecast for the next nine years. The global market size of 2,5-furandicarboxylic acid has been provided in terms of revenue and kilo tons. Market numbers have been estimated based on applications of 2,5-furandicarboxylic acid. Market size and forecast for each major application have been provided in terms of the global and regional market.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.
- An extensive analysis of the 2,5-furandicarboxylic acid market trends and shares from 2016 to 2025 to identify the market opportunities and analyze industry development
- Production output by region and of Avantium Holding BV company
- A list of key developments in the 2,5-furandicarboxylic acid market made by key players
- A list of key factors responsible for building the upcoming opportunistic roadmap for the 2,5-furandicarboxylic acid market at a global, regional, and country level
- Comprehensive analysis with respect to investments and price trends that impact the outlook of the global 2,5-furandicarboxylic acid market between 2016 and 2025
- The report provides insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
- Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. They analyze the strengths and weaknesses to gain strategic position in the market.