Global Furandicarboxylic Acid Market Regional Insights:
Europe: It represents the largest regional market for furandicarboxylic acid. The region accounts for over 45% of the global demand for this biobased dicarboxylic acid mainly due to strong polyester and polymer industries in the Germany, U.K. Major market players operating in these regional industries rely on furandicarboxylic acid as a key bio-derived monomer for producing bio-based polyesters and polymer products. This, in turn, is driving the growth of furandicarboxylic acid market in Europe.
North America: It represents the 25 % regional market for furandicarboxylic acid. Stringent regulations regarding use of sustainable and eco-friendly raw materials in consumer goods and industrial manufacturing also supports the adoption of furandicarboxylic acid in North America. Major companies have announced investments to expand the production capacities of furandicarboxylic acid and related bio-based polyester materials, aiming to cater to the growing demand from domestic end use industries as well as for exports. North America has a strong presence of research institutions working on developing efficient production technologies for furandicarboxylic acid by using biomass-based routes, which is further propelling the regional market growth.
Asia Pacific: The Asia Pacific region has emerged as the fastest growing market for furandicarboxylic acid globally. Countries like China, India, Indonesia, and Thailand are witnessing substantial demand rise mainly from the expanding textiles and packaging industries in the region. Rapid industrialization along with increasing consumer disposable income has augmented the need for sustainable textiles and biodegradable packaging materials, using bio-based polyesters derived from furandicarboxylic acid.
In terms of imports, Asia Pacific countries have significantly increased their furandicarboxylic acid shipments to cater to the growing shortfall between regional demand and supply. This is positively impacting the overall trade flows for furandicarboxylic acid globally. Lucrative production economics along with supportive government policies promoting use of bio-based chemicals are some factors attracting major furandicarboxylic acid producers to boost their presence in Asia Pacific through new production facilities or import/distribution agreements.
Figure 1. Global Furandicarboxylic Acid Market Share (%), By Region, 2024
Global Furandicarboxylic Acid Market Report Snapshots
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