Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled “2,5-Furandicarboxylic Acid (FDCA) Market (By Type: 0.98, 0.99; By Application: Chemical, Pharmaceuticals, Scientific Research) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, estimates that global 2,5-Furandicarboxylic Acid (FDCA) market is expected to reach the market value of around $850 million by 2025 and is anticipated to grow at a CAGR of around 11% in terms of revenue during the forecasting period 2018 – 2025. The global 2, 5-furandicarboxylic acid market is emerging market and is establishing its application scope. The market itself is at an introductory phase of its life cycle. Due to limited current application scope of 2, 5-furandicarbosxyic acid its production is not being undertaken at mass level. Driven by some of the vital application such as bio-butanediol in chemical industry, consumption as well as production of basic chemicals expected to offer lucrative growth opprtunities. The global 2, 5-furandicarboxylic acid is highly fragmented market and consists of limited industry players. Furthermore, the nature of this market is technologically driven as production activities are often being undertaken with help of technology. Hence, industry players with superior research and development capability and greater technology will more likely to be leader in this market. This market is expected to be flooded by small scale manufacturers as a result of technology alliance and patent issues. Therefore, large number of market development on frequent basis would be nature of this market as per the industry experts.
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Increase in Demand for Environmentally Friendly Plastics and Growing Governmental Support
Rising responsiveness about natural issues and extreme norms against plastic use and carbon emanations are foreseen to move the 2,5-furandicarboxylic acid market. Changing ways of life and ascend sought after bio-based packaging among buyers are relied upon to fundamentally support the market. Technological head ways and growth in demand of innovative work of bio based synthetic substances and materials are anticipated to boost the 2,5-furandicarboxylic acid market. On the other hand, high expense contrasted with ordinary polymers will hinder the 2,5-furandicarboxylic acid market.
Developing Regions Potentially Emerging Markets for FDCA
The demand for FDCA is quickly growing in Asia-Pacific and the provincial market contributed a promising income share in the worldwide market. The prospering demand is supported by the quick pace of industrialization in economies such as China, India and Taiwan. Besides, changing buyers preferences inclining towards bio-based options in the chemical manufacturing enterprises in the region are impelling the interest for FDCA. A valid example is the thriving stipulate for FDCA in China. The use of bio-sourced PET items in the packaging ventures in the nation is contributing considerable incomes in the provincial market.
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In terms of region, the global 2,5-furandicarboxylic acid market can be categorized into Europe, North America, China, India, Japan, Southeast Asia, ROW. Europe holds an important share of the 2,5-furandicarboxylic acid market, attributable to the green obtainment policies pursued by the European Union. North America additionally establishes a noteworthy share of the market. The market in Asia Pacific is assessed to extend at a fast pace because of quick industrialization in emerging economies, for example, China and India. The market in Middle East and Africa and Latin American is projected to extend at a quick pace amid the estimate time frame.
Global 2,5-Furandicarboxylic Acid (FDCA) market is segmented by type, application and geography. Based on different types, the market is segmented into 0.98, 0.99. Also, by application 2,5-Furandicarboxylic Acid (FDCA) is further bifurcated into chemical, pharmaceuticals, scientific research. Based on geography market is further classified into Europe, North America, China, India, Japan, Southeast Asia, ROW.
The players profiled in the report include Tokyo Chemical Industry Co., Ltd., R&D Synbias Ltd, Eastman Chemical Company, SATACHEM, Toronto Research Chemicals Inc., Avantium Technologies, and more.
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