Polyethylene Furanoate Market Analysis, Trend, Size, Share and Forecast 2016 - 2022

The global Polyethylene Furanoate (PEF) Market demand is projected to reach 16,640.0 tons by 2022, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period. Increasing demand for bio-based polymer products from various end-use industries such as packaging and automotive has been a key factor driving market globally. In addition, favorable properties of PEF over a bio-based PET is anticipated to fuel demand over the same period.

The carbonated soft drink industry is growing at a rapid pace and with that, demand for bottles has been on the rise. PET is largely preferred to produce bottles across the globe. However, due to rising environmental concerns, the bottled packaging industry is slowly shifting toward bio based plastic bottles. As a result, there will be surging adoption of PEF in bottled packaging applications over the forecast period.

To view a summary of this report, click the link below:  www.grandviewresearch.com/industry-analysis/polyethylene-furanoate-pef-market

Further key findings from the report suggest:

• The global polyethylene furanoate market was valued at USD 21.06 million in 2016 and is expected post a CAGR of 8.8% from 2018 to 2022

• Fibers emerged as the largest application segment in 2016 and is estimated to account for just over 44.0% of the overall market revenue by 2022

• The bottle segment registered the highest CAGR of 7.3% in terms of volume during the forecast period

• Asia Pacific held a dominant share of 48.3% of the overall market volume in 2016. The growth of the segment can be attributed to rising demand from various end-use industries, especially packaging, textile, and automotive

• The PEF market is still at a nascent stage with the presence of a few market players such as Avantium Technologies B.V., Toyobo Co., Ltd., and SULZER ChemTech.

View more reports of this category by Grand View Research at:

www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global polyethylene furanoate (PEF) market on the basis of application and region:

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

  • Netherlands

• Asia Pacific

  • China

  • Japan

• Rest of the World 

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-polyethylene-furanoate-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com