Industry Outlook and Trend Analysis
The Polyethylene Furanoate (PEF) Market encountered significant development in the recent years and is foreseen to develop tremendously in the following years. Factors, for example, expanding demand for manageable packaging over the globe and focal points of PEF over bio-based PET are foreseen to be the key patterns empowering market development. Likewise, expanding interest for lightweight polymer products in different end-use enterprises, particularly automotive, is expected to fuel demand over the gauge time frame. Usage of PEF is probably going to help in addressing environmental concerns in future. PEF contains 30% biobased monoethylene glycol (MEG) with 70% naturally derived furandicarboxylic acid (FDCA).
The leading players in the market are Alpla, the Coca-Cola Company, Avantium Technologies BV, Danone, and Toyobo. The worldwide polyethylene furanoate market is at an incipient phase of improvement with significant scope for development. To take advantage of the immense potential offered by the PEF market, organizations can put resources into R&D of cutting edge generation advances and push for their commercialization.
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The Polyethylene Furanoate (PEF) Market is segmented as follows-
Regional outlook and Trend Analysis
Europe is probably going to rise as the most encouraging district, advancing at a CAGR of 7.0% as far as volume amid the estimate time frame. Existence of stringent administrative principles and expanding interest for maintainable bundling is expected to impel the development of PEF market over the gauge period. Asia Pacific held the main volume share in 2016.
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Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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