Polyethylene Furanoate Market - Forecast(2024 - 2030)

Report Code: CMR 31930 Report Format: PDF + Excel

Overview

Polyethylene Furanoate Market is forecast to reach $7 billion by 2024, after growing at a CAGR of 5% during 2019-2024. The Polyethylene Furanoate (PEF) Market is witnessing an increase in demand, as PEF is a bio-based plant-based product and it is capable of replacing the most widely used polyethylene terephthalate (PET) polymer in the manufacture of bottles. PEF is the material of the next generation and has several performance benefits over PET. Growing public interest in sustainable and environment-friendly products will further enhance the overall market demand for polyethylene furanoate during the forecast period.

Report Coverage

The report: “Polyethylene Furanoate Market – Forecast (2019-2024)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyethylene Furanoate Market.


Key Takeaways

· Europe dominates the Polyethylene Furanoate Market owing to the increasing number of stringent standards and norms regarding environmental safety and public health.

· Increasing adoption of sustainable and environmentally friendly products, implementation of stringent government regulations related to harmful emissions will increase the market demand for PEF in the near future.

· The bottles segment remains the major application of Polyethylene furanoate market.

Application - Segment Analysis

Bottles will remain the significant segment of PEF market. Global annual production of PET bottles is around 18 million tons, and PEF substitution could save 440–520 petajoules (PJ) of non-renewable energy consumption and reduce greenhouse gases by 20–35 tons of carbon dioxide equivalents. The market for polyethylene furanoate allows bottle manufacturers not to need new equipment to substitute PET with PEF, since it can be processed in the same manner and the same machine. PEF is easier to manage due to its low melting temperature, and greater glass transition temperature makes it simpler to use.

End-Use - Segment Analysis

Packaging remains the largest end-use of PEF in 2018. PEF is similar to PET but 100% bio-based and has superior barriers and thermal properties, making it an optimal packaging material for beverages, food, and non-food products. Rising consumption of food & beverages globally will boost the use of polyethylene furanoate (PEF) in packaging applications. Significant growth in the food and beverages industry will drive the market for polyethylene furanoate (PEF).

Geography - Segment Analysis

Europe is a major hub for the entire PEF market; it ranks highest in R&D and is the world's biggest market. According to European bioplastics nova institute, about one-fifth of the world's manufacturing ability for bioplastics is situated in Europe. It is anticipated that this share will rise to 27 percent by 2023. Recently implemented policies in the several European Member States, such as Italy and France, will favor the market growth. Also, another factor that drives manufacturers to develop PEF based products is growing consumer awareness, as consumers are now more environmentally aware and concerned about health. Therefore, the future of PET is 100% bio-based PEF.

Drivers – Polyethylene Furanoate Market

·         Increasing demand for sustainable products by consumers.

Increasing awareness of the environmental impact and the need to reduce dependency on fossil resources as well as the ongoing progress and innovation of the bioplastics industry in new materials with improved properties and new functionalities will boost the market growth in the near future. It has been found that PEF manufacturing can decrease the use of non-renewable energy and greenhouse gas emissions by about 65 percent and 70 percent compared to PET.

Challenges – Polyethylene Furanoate Market

·         Risk of substitutes such as bio-based PET

Market growth will be hindered by the existence of alternative products such as bio-based polyethylene terephthalate. Intense research and development activities are conducted by polymer manufacturing firms to develop innovative technologies for the production of bio-based polymers for packaging applications.

Market Landscape

Partnerships and acquisitions are key strategies adopted by players in the Polyethylene Furanoate Market. In 2018, the market of fuel additives had been consolidated by the top five players accounting for xx% of the share. Major players in the Polyethylene Furanoate Market are Alpla-Werke Alwin Lehner Gmbh Co Kg, Avantium Technology B V, Danone Sa, The Coca-Cola Company, Toyobo Co, Ltd, Mitsui & Co. Ltd., Corbion NV, Swire Pacific Ltd., AVA Biochem AG, Toyo Seikan Co., Ltd. among others.

Acquisitions/Technology Launches

Ø In September 2016, Toyobo and Avantium joined hands to develop thin films made from PEF, a 100% biobased plastic based on Avantium's proprietary YXY technology for the production of FDCA. These PEF films are about 10 micrometers in thickness and can be applied for food packaging, in electronics applications such as displays or solar panels, industrial and medical packages

 

1. Polyethylene Furanoate Market - Overview
        1.1 Definitions and Scope
2. Polyethylene Furanoate Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Polyethylene Furanoate Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Polyethylene Furanoate Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Polyethylene Furanoate Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Polyethylene Furanoate Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Polyethylene Furanoate Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Polyethylene Furanoate Market - By Product (Market Size -$Million / $Billion)
9. Polyethylene Furanoate Market - By Type (Market Size -$Million / $Billion)
10. Polyethylene Furanoate - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
10.3.1 Bottles
10.3.2 Films
10.3.3 Fibers
11. Polyethylene Furanoate - By Geography (Market Size -$Million / $Billion)
        11.1 Polyethylene Furanoate Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Polyethylene Furanoate- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Polyethylene Furanoate- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Polyethylene Furanoate - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong Kong
                  11.8.5.9 Rest of APAC
        11.9 Polyethylene Furanoate - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Polyethylene Furanoate Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Polyethylene Furanoate Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at the global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Polyethylene Furanoate Market - Key Company List by Country Premium
15. Polyethylene Furanoate Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Alpla-Werke Alwin Lehner Gmbh Co Kg
        15.3 Avantium Technology B V
        15.4 Danone Sa
        15.5 The Coca-Cola Company
        15.6 Toyobo Co, Ltd
        15.7 Company 7
        15.8 Company 8 & More
*Financials would be provided on a best efforts basis for private companies
16. Polyethylene Furanoate Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Polyethylene Furanoate Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
1.1 Bottle Market 2023-2030 ($M) - Global Industry Research
1.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
1.2 Film Market 2023-2030 ($M) - Global Industry Research
1.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
1.3 Fiber Market 2023-2030 ($M) - Global Industry Research
1.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)
2.Global Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
2.1 Bottle Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 (Volume/Units)
2.2 Film Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 (Volume/Units)
2.3 Fiber Market 2023-2030 (Volume/Units) - Global Industry Research
2.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 (Volume/Units)
3.North America Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.1 Bottle Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
3.2 Film Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
3.3 Fiber Market 2023-2030 ($M) - Regional Industry Research
3.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)
4.South America Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
4.1 Bottle Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
4.2 Film Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
4.3 Fiber Market 2023-2030 ($M) - Regional Industry Research
4.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)
5.Europe Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Bottle Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
5.2 Film Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
5.3 Fiber Market 2023-2030 ($M) - Regional Industry Research
5.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)
6.APAC Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Bottle Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
6.2 Film Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
6.3 Fiber Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)
7.MENA Polyethylene Furanoate Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Bottle Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Polyethylene Furanoate Market In Bottle Market 2023-2030 ($M)
7.2 Film Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Polyethylene Furanoate Market In Film Market 2023-2030 ($M)
7.3 Fiber Market 2023-2030 ($M) - Regional Industry Research
7.3.1 Polyethylene Furanoate Market In Fiber Market 2023-2030 ($M)

LIST OF FIGURES

1.US Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
2.Canada Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
3.Mexico Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
4.Brazil Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
5.Argentina Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
6.Peru Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
7.Colombia Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
8.Chile Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
9.Rest of South America Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
10.UK Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
11.Germany Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
12.France Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
13.Italy Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
14.Spain Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
15.Rest of Europe Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
16.China Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
17.India Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
18.Japan Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
19.South Korea Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
20.South Africa Polyethylene Furanoate Market Revenue, 2023-2030 ($M)
21.North America Polyethylene Furanoate By Application
22.South America Polyethylene Furanoate By Application
23.Europe Polyethylene Furanoate By Application
24.APAC Polyethylene Furanoate By Application
25.MENA Polyethylene Furanoate By Application
26.Avantium Technology B V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Danone Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.The Coca-Cola Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Toyobo Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Alpla-Werke Alwin Lehner Gmbh Co Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)