Why Is Global Polyethylene Furanoate (PEF) Market Booming Worldwide?

With the growing adoption of renewable sources such as plant-based feedstocks, the demand for polyethylene furanoate industry. This attribute makes PEF attractive to industries striving to reduce their carbon footprint and meet sustainability targets. Additionally, the PEF demonstrates superior barrier properties, including gas and moisture resistance, compared to PET, this propels more demand from the food and beverages industry. These are considered the prominent factors that facilitate the exponential growth of the Global Polyethylene Furanoate market. This growing industry is also analyzed by the report description published by one of the leading, data analytics, and market research firms, Markntel Advisors.

Better Understanding of Polyethylene Furanoate

Polyethylene Furanoate (PEF), or poly (ethylene furan-2,5-dicarboxylate), is a 100% recyclable bio-based polymer made from plant sugar. This PEF is gaining wider popularity across global markets due to its enhanced properties of CO2 reduction in comparison to PET’s. Thus, these polymers are gaining wider momentum across the packaging industry, primarily to augment their introduction into the global sustainable raw material landscape.

Uses of Polyethylene Furanoate

Polyethylene Furanoate is majorly used in:

• Bottles: PEF can be used for water bottles and other beverage bottles

• Food and beverage packaging: PEF's barrier properties make it ideal for packaging that needs to keep oxygen out and carbon dioxide in, such as beer, juice, and wine

• Protective packaging: PEF's barrier properties and mechanical strength make it ideal for protective containers for personal care products and sealed trays for meat, fish, and fruit

• Apparel: PEF fibers can be used for clothing apparel

• Home furnishings: PEF fibers can be used for carpets and other home furnishings

• Disposables: PEF fibers can be used for diapers and other disposable commodities

• Industrial fibers: PEF fibers can be used for industrial fibers

• Single-use gloves: PEF films can be used for single-use gloves

• Bags: PEF films can be used for bags

• Agricultural films: PEF films can be used for agricultural films

• Protective films for LED and OLED displays: PEF films can be used as protective films for LED and OLED displays

Benefits and Drawbacks of Polyethylene Furanoate

Advantages of Polyethylene Furnoate:

• PEF is naturally biodegradable within weeks to months

• PEF is a renewable material that can replace oil-based polymers

• PEF can be recycled and contribute to sustainable material cycles

• PEF is stronger than polyethylene terephthalate

• PEF has better oxygen barrier properties than PET

• PET has improved gas barrier properties than PET

• PEF bottles are lighter than PET bottles

• PEF bottles are more stable than PET bottles

Disadvantages of Polyethylene Furnoate:

• PEF has a lengthy and energy-intensive production process

• PEF is still a relatively new plastic, and production costs are currently higher than PET

• PEF is not biodegradable, but it can be incinerated in an environmentally friendly manner

Prominent Companies Contributing to the Growth of Polyethylene Furanoate Industry

Key companies in the global industry are Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others.

Global Polyethylene Furanoate Market Growth & Forecast (2024-30)

The report further comprises, “Global Polyethylene Furanoate (PEF) Market Research Report: By Grade (Standard Grade, High-Performance Grade, Blended/Customized Grade, Others), By Application (Bottles, Fibers, Films, Others (Construction Materials, Automotive Parts, etc.)), By End User (Packaging, Fibre & Textile, Consumer Electronics, Automotive, Pharmaceuticals, Others (Cosmetics & Personal care, Agriculture, etc.)), and Others Forecast (2024-2030)”, according to the report, the Global Polyethylene Furanoate (PEF) Market size is estimated to grow at a CAGR of around 7.86% during the forecast period, i.e., 2024-30.

Recent Updates of Industry Players, Seeking Worldwide Attention

• Avantium N.V, a chemical technology company in 2023, announced a partnership with Origin Materials to accelerate the mass production of furandicarboxylic acid (FDCA) and plant-based, fully recyclable plastic, polyethylene furanoate (PEF).

• Stora Ensoa Finnish and Swedish forest industry company recently, in 2023 signed a Joint Development Agreement with Kolon Industries to develop and industrialize bio-based polyesters, including PEF and their applications, as well as renewable binder resin formulations.

What’s Going on in the Polyethylene Furanoate Industry?

The rising adoption of Polyethylene Furanoate from the textile industry drives the global industry. The trend towards sustainable polymers in the global textile industry is driven by increasing environmental awareness and consumer demand for eco-friendly products. These polymers offer a greener alternative with reduced environmental impact throughout the manufacturing process, including lower carbon emissions and less dependence on finite resources. This shit aligns with the industry’s growing emphasis on sustainability and corporate responsibility.

Summary

The article comprises Global players in the Polyethylene Furanoate industry, along with industry product information. This article details the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Avantium N.V., Toyobco Co., and Other leading companies, facilitate revolutionizing the market and promoting a secure future for the Polyethylene Furanoate industry.

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