Market Revenue Polyethylene Furanoate (PEF) Industry | Page 2

In addition, the bio-based PRT is a polymer consisting of approximately 30% bio-based MEG and 70% PTA. Rising
efforts by numerous corporations to produce PTA using bio based raw resources in order to produce 100% bio-
based PET is expected to challenge the development of the marketplace in the years to come. Polyethylene
Furanoate Market may be explored by applications, and geography. Polyethylene Furanoate (PEF) may be
explored by applications as Bottles, Fibers and fibrous webs, Films, Packaging Product, Others. Fibers sector is
estimated to grow at the highest CAGR and will keep on being the highest sector in the Polyethylene furanote
over the forecast period. The PEF components are recycled from PEF-based flasks that have been arranged into
100% bio-based T-shirts.
These fibers are mainly used as a part of the packing manufacturing products, for example, fertilizers, and
cement, pesticides, nevertheless power-driven bundling, they are used in carpets, clothing, and sports apparel.
Europe has been at the forefront with regards to Polyethylene Furanoate (PEF) Market and will continue to rule
the roost in the years to come. Europe is anticipated to develop at a 7.0% CAGR in terms of volume during the
forecast period. The strict government regulations standards and growing demand for maintainable packing is
estimated to drive the development of PEF market over the forecast period.
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Europe is followed by Asia-Pacific region. The development of the sector can be ascribed to growing demand
for bio-degradable, sustainable, and profitable packaging material. Healthy development in the carbonated soft
drink marketplace is expected to play an essential part in the growth of the regional marketplace. Some of the
key players that fuel the growth of the Polyethylene Furanoate (PEF) Industry include Toyobo Co., Ltd., SULZER
ChemTech, and Avantium Technologies B.V. The key players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the
hour.
Market Segment:
Polyethylene Furanoate Application Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2022)
• Bottles
• Films
• Fibers
Polyethylene Furanoate Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2016 - 2022)
• North America
• U.S.
• Europe