Market Revenue Polyethylene Furanoate (PEF) Industry

Polyethylene Furanoate (PEF) Industry Competitive Situation and
Trends, Capacity By 2022
“Polyethylene Furanoate (PEF) Market is expected to deal with 16,640 tons by
2022. It is better known by different names such as polyethylene furanoate,
poly (ethylene furanoate), and poly (ethylene 2,5-furandicarboxylate). It can
be defined as a polymer that is manufactured with the help of
polycondensation involving ethylene glycol.”
Polyethylene Furanoate (PEF) Market is expected to deal with 16,640 tons by 2022. It is better known by
different names such as polyethylene furanoate, poly (ethylene furanoate), and poly (ethylene 2,5-
furandicarboxylate). It can be defined as a polymer that is manufactured with the help of polycondensation
involving ethylene glycol and 2,5-furandicarboxylic acid (FDCA). Polyethylene Furanoate market is expected to
grow at a CAGR of 6.0% in the upcoming period as the scope, product types and its applications are increasing
across the globe. Polyethylene furanoate (PEF) is generally obtained from plants. It 100% recyclable and included
in the category of bio – based polymer. The most striking aspect associated with it is that it has the potential to
substitute conventional resources by durable material PET. It is known to possess exceptional barrier as well as
mechanical properties as compared to polyethylene terephthalate. It is also likely to emerge as the next
generation polyester.
The key reason behind robust market growth of polyethylene furanoate could be growing environmental
concerns in order to reduce the greenhouse gas emissions in the surroundings. Also, implementation of strict
government regulations toward usage of non-recyclable plastics is estimated to contribute to the market
growth. There has been a shift in the trend towards utilization of eco-friendly substitutes, which will soon foster
the market growth in the near future. On the other hand, fall in the prices of crude oil and low availability of the
raw material may hamper the PEF market growth in the years to come.
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