Potential market of FDCA
FDCA has been identified by the U.S. Department of Energy as one of the top 12 bio-based building blocks, and can be converted into a number of high-value chemicals or materials. FDCA can be used to produce polymer resins, films, and fibers and as a building block for plasticizers. The largest initial FDCA applications are expected to be to make 100 percent bio-based plastics, such as polyethylene furanoate (PEF) for beverage containers and food packaging.
Global 2,5-Furandicarboxylic Acid Market to Reach US$ 700.0 Mn by 2025; Rise in Awareness about Advantages and Applications of Polyesters to Drive Market
One of the major factors driving governments to promote biobased plastics is the problem of disposal of conventional plastics. Plastics made from biobased chemicals such as 2, 5 furandicarboxylic acid, HME, PEF, etc. are eco-friendly and biodegrade.
The global 2,5-furandicarboxylic acid market was valued at around US$ 300.0 Mn in 2016 and is anticipated to expand at a CAGR of over 8.2% from 2017 to 2025, according to a new report ‘2,5-Furandicarboxylic Acid (FDCA) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.’ Expansion of the global 2,5-furandicarboxylic acid market is driven by rise in demand from the carbonated soft drink industry and legislative support. The 2,5-furandicarboxylic acid market in Asia Pacific is expected to expand at a CAGR of over 9.0% during the forecast period. Favorable government regulations, development and expansion of new plants by global manufacturers, and increased demand for bio-based packaging are likely to propel the 2,5-furandicarboxylic acid market in the region.