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:
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:
