Overview:
Polyethylene furanoate (PEF) is derived from plants and is 100% recyclable and bio – based polymer. It has the potential to replace conventional resources based durable material polyethylene terephthalate (PET). Polyethylene furanoate has better barrier and mechanical properties when compared to polyethylene terephthalate. It can also be considered as the next generation polyester.
The market for polyethylene furanoate is witnessing growth on the back of rise in environmental concerns to reduce green house gas emissions. Moreover, stringent government regulations towards consumption of non-recyclable plastics are likely to stimulate the market growth. In addition, shift in trend towards usage of eco friendly substitutes is likely to drive the market growth for PEF. Decrease in crude oil prices is projected to hinder the PEF market growth. Moreover, lack of raw material availability is also likely to impede the market growth.
Europe and Asia Pacific is projected to be the promising market for PEF. Supportive government policies in Europe are one of the major factors contributing towards the market growth in this region. Asia Pacific is projected to the fastest growing market on account of growing packaging sector in Malaysia, India, Singapore, Australia and China. North America is also projected to grow at a significant rate owing to stringent government regulations and growing environmental concerns.
Global polyethylene furanoate (PEF) market is segmented on the following bases:
- Application
- Bottles
- Packaging Product
- Fibres and fibrous webs
- Films
- Others
- By Geography
- North America
- U.S.
- Rest of North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Brazil
- Rest of Latin America
- Middle-East & Africa
Key Players Identified in the Polyethylene Furanoate (PEF) Market include but are not limited to:
Novamont, Avantium, Toray, Canon Inc and Evian are some of the key players present in this market.
This report offers:
- An overview of the global polyethylene furanoate (PEF) market
- Market trends assessment for the period 2016-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the global polyethylene furanoate (PEF) market
- This report includes estimation of market sizes for value and volume. Both, top-down and bottom-up approaches have been used to estimate and validate the size of the polyethylene furanoate (PEF) market
