Furandicarboxylic Acid Trends and Forecast
The future of the global furandicarboxylic acid market looks promising with opportunities in the polycarbonate, propylene, polyethylene, polyamide, polyethylene terephthalate, polybutylene terephthalate, & polyethylene furanoate markets. The global furandicarboxylic acid market is expected to grow with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increasing demand for bio-based plastics and materials and expanding usage of this substrate in various applications, such as packaging, textiles, automotive, electrical, and electronics industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Furandicarboxylic Acid by Segment
The study includes a forecast for the global furandicarboxylic acid by type, application, and region.
Furandicarboxylic Acid Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Purity 97%
• Purity 98%
• Purity 99%
Furandicarboxylic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Polycarbonate
• Propylene
• Polyethylene
• Polyamide
• Polyethylene Terephthalate
• Polybutylene Terephthalate
• Polyethylene Furanoate
• Others
Furandicarboxylic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Furandicarboxylic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies furandicarboxylic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the furandicarboxylic acid companies profiled in this report include-
• AVA Biochem
• Sulzer Chemtech
• Avantium Holdings
• Carbion
• Novamont
• Carbone Scientific
• Chemsky
• Tokyo Chemical Industry
• R&D Synbias
• Eastman Chemical Company
Furandicarboxylic Acid Market Insights
Lucintel forecasts that purity 99% will remain the largest segment over the forecast period.
Within this market, polyethylene furanoate will remain the largest segment over the forecast period.
Europe will remain the largest region over the forecast period.
Features of the Global Furandicarboxylic Acid Market
Market Size Estimates: Furandicarboxylic acid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Furandicarboxylic acid market size by type, application, and region in terms of value ($B).
Regional Analysis: Furandicarboxylic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the furandicarboxylic acid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the furandicarboxylic acid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for furandicarboxylic acid market?
Answer: The global furandicarboxylic acid market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the furandicarboxylic acid market?
Answer: The major drivers for this market are increasing demand for bio-based plastics and materials and expanding usage of this substrate in various applications, such as packaging, textiles, automotive, electrical, and electronics industries.
Q3. What are the major segments for furandicarboxylic acid market?
Answer: The future of the furandicarboxylic acid market looks promising with opportunities in the polycarbonate, propylene, polyethylene, polyamide, polyethylene terephthalate, polybutylene terephthalate, & polyethylene furanoate markets.
Q4. Who are the key furandicarboxylic acid market companies?
Answer: Some of the key furandicarboxylic acid companies are as follows:
• AVA Biochem
• Sulzer Chemtech
• Avantium Holdings
• Carbion
• Novamont
• Carbone Scientific
• Chemsky
• Tokyo Chemical Industry
• R&D Synbias
• Eastman Chemical Company
Q5. Which furandicarboxylic acid market segment will be the largest in future?
Answer: Lucintel forecasts that purity 99% will remain the largest segment over the forecast period.
Q6. In furandicarboxylic acid market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the furandicarboxylic acid market by type (purity 97%, purity 98%, and purity 99%), application (polycarbonate, propylene, polyethylene, polyamide, polyethylene terephthalate, polybutylene terephthalate, polyethylene furanoate, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Furandicarboxylic Acid Market, Furandicarboxylic Acid Market Size, Furandicarboxylic Acid Market Growth, Furandicarboxylic Acid Market Analysis, Furandicarboxylic Acid Market Report, Furandicarboxylic Acid Market Share, Furandicarboxylic Acid Market Trends, Furandicarboxylic Acid Market Forecast, Furandicarboxylic Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.