GLOBAL FURANDICARBOXYLIC ACID MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Furandicarboxylic acid (FDCA) is a promising bio-based building block chemical derived from biomass. It is gaining significance due to its potential to serve as a biomass-derived substitute for petroleum-based terephthalic acid, which is widely used in the production of polyesters and polyethylene furanoate (PEF). FDCA can be polymerized into bio-based polyester and are used to produce fibers, resins, and packaging materials. Global furandicarboxylic acid market is driven by growing emphasis on replacing fossil fuel-based chemicals with sustainable bio-based alternatives to reduce dependence on petroleum and address climate change concerns.

Furandicarboxylic acid (FDCA) is an organic chemical compound consisting of two carboxylic acid groups that are attached to a central furan ring. It can be produced from certain carbohydrates and is considered a renewable resource. FDCA is a significant molecule for the formation of various products, including surfactants, epoxy resins, and the next-generation polymer PEF (polyethylene furanoate). It has a very high melting point (it melts at 342 °C) and undergoes reactions typical for carboxylic acids, such as halogen substitution, di-ester formation, and the formation of amides. The molecular formula of 2,5-furandicarboxylic acid is C6H4O5, and its molecular weight is 156.09 g/mol. It is partly soluble in water, with a water solubility of 0.899 g/L at 20 °C (68 °F).

Market Dynamics:

Food & beverage is the leading end use industry segment for the furandicarboxylic acid market due to the increasing use of FDCA-based polyesters in producing bio-based bottles, food packaging films and containers. Positive steps by governments worldwide to promote bio-economy and adopt strict environmental regulations regarding use of plastics are creating new growth opportunities. However, high costs that are associated with FDCA production through biomass refining methods restrict wider market adoption. But ongoing research and development (R&D) towards developing optimized catalytic and fermentation processes can help lower production costs in future.

Key features of the study:

• This report provides in-depth analysis of the global furandicarboxylic acid market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global furandicarboxylic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Tokyo Chemical Industry Co. Ltd., Chemsky (shanghai) International Co. Ltd, Avantium, Synbias Pharma, V & V Pharma Industries, and Carbone Scientific Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global furandicarboxylic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global furandicarboxylic acid market

Detailed Segmentation:

Global Furandicarboxylic Acid Market

• By Application
  • PET
  • Polysters
  • Polyamides
  • Polycarbonates
  • Plasticizers
• By End User
  • Textiles
  • Packaging
  • Carpets
  • Automotives
  • Electronics
• Top Companies in the Global Furandicarboxylic Acid  Market :
  • Tokyo Chemical Industry Co. Ltd.
  • Chemsky (shanghai) International Co. Ltd,
  • Avantium
  • Synbias Pharma
  • V & V Pharma Industries
  • Carbone Scientific