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Furandicarboxylic Acid Market by Application (Polyesters, Polyamides, Polycarbonates, Plasticizers, Others), by End-Use (Textiles, Packaging, Carpets, Electronics, Automotive, Others), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Furandicarboxylic Acid Market size was valued at USD 784.5 USD Million in 2023 and is projected to reach USD 1362.02 USD Million by 2032, exhibiting a CAGR of 8.2 % during the forecast period. Furandicarboxylic Acid (FDCA) is a chemical compound based on furan with two carboxyl groups of the furan ring members. It exists mainly in two types: out of the two, the most studied and applied is the 2, 5-Furandicarboxylic Acid, and the other is 2, 3-Furandicarboxylic Acid. Not touched upon in the original research, however, FDCA is great as a more sustainable substitute for terephthalic acid in creating polyesters such as polyethylene furoate (PEF) which could replace PET in its usage. It is characteristically: highly stable and can be produced from renewable biomass resources making it green. Applying the known use cases of FDCA, it can be concluded that it will help to develop more environmentally friendly material and packaging products and decrease the utilization of petrochemicals.
The increasing demand for bio-based and sustainable materials is a key trend driving the growth of the furan dicarboxylic acid market. Furan dicarboxylic acid is a bio-based chemical that can be used to produce a variety of products, including plastics, fibers, and chemicals.
Application:
End-Use:
The report provides a comprehensive overview of the global furan dicarboxylic acid market, including:
The Asia-Pacific region is expected to dominate the global furan dicarboxylic acid market over the forecast period. The increasing demand for bio-based materials in the region is driving the growth of the market.
The key consumers of furan dicarboxylic acid are manufacturers of plastics, fibers, and chemicals. The increasing demand for sustainable materials is driving the growth of the market.
The demand for furan dicarboxylic acid is expected to grow at a steady pace over the forecast period. The increasing use of bio-based materials in a variety of applications is driving the demand for the chemical.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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