Global 2,5-Furandicarboxylic Acid (FDCA) Market, By Type (0.99, and 0.98), Application (PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols, and Others), Method (Dehydration Of Hexose Derivatives, Oxidation Of 2,5-Disubstituted Furans, Catalytic Conversions of Various Furan Derivatives, and Biological Conversion of HMF), End-User (Chemical, Pharmaceutical, and Scientific Research) - Industry Trends and Forecast to 2031.
2,5-Furandicarboxylic Acid (FDCA) Market Analysis and Size
The 2,5-furandicarboxylic acid (FDCA) market is experiencing growth due to its applications in the production of bio-based polymers, such as polyethylene furanoate (PEF), which are eco-friendly alternatives to traditional plastics. Additionally, new launches of FDCA-based products in packaging, textiles, and automotive industries further drive market expansion and innovation.
Data Bridge Market Research analyses that the global 2,5-furandicarboxylic acid (FDCA) market which was USD 570.18 million in 2023, is expected to reach USD 1,127.80 million by 2031, growing at a CAGR of 8.9% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
2,5-Furandicarboxylic Acid (FDCA) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (0.99, and 0.98), Application (PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols, and Others), Method (Dehydration Of Hexose Derivatives, Oxidation Of 2,5-Disubstituted Furans, Catalytic Conversions of Various Furan Derivatives, and Biological Conversion of HMF), End-User (Chemical, Pharmaceutical, and Scientific Research)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Avantium Netherlands, LGC Limited (Canada), V & V PHARMA INDUSTRIES (India), Tokyo Chemical Industry (India) Pvt. Ltd. (India), AVA Biochem AG (Switzerland), Thermo Fisher Scientific Inc. (India), AstaTech, Inc. (U.S.), Novamont S.p.A. (Italy), Eastman Chemical Company (U.S.), Merck KGaA (Germany), Sai Carbohydrates (India), GODAVARI BIOREFINERIES LTD. (India), BASF SE (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), R&D Synbias Ltd (South Korea)
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Market Opportunities
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Market Definition
2,5-Furandicarboxylic acid (FDCA) is a renewable organic compound derived from biomass, primarily used as a building block for producing bioplastics. It offers potential as a sustainable alternative to petroleum-based plastics due to its biodegradability and ability to create high-performance, environmentally friendly materials for various applications, including packaging and textiles.
Global 2,5-Furandicarboxylic Acid (FDCA) Market Dynamics
Drivers
- Increasing use of FDCA in Bioplastics Industry for Enhanced Performance
FDCA plays a pivotal role in the growing bioplastics sector, providing enhanced performance attributes and biodegradability, distinguishing it from conventional plastics. Its utilization as a crucial component accelerates growth in the bioplastics market, aligning with sustainability goals and driving demand for eco-friendly alternatives across industries.
- Rising Consumer Preference for Eco-Friendly Products
Increasing consumer awareness and preference for sustainability propel demand for FDCA-based materials, notably in sectors such as food packaging, where eco-friendliness is paramount. This trend reflects a shift towards environmentally conscious choices, driving the adoption of FDCA as a key component in the production of eco-friendly packaging solutions.
Opportunities
- Expansion of End-user Industries for High-Performance Materials
The expansion of end-user industries, including packaging, textiles, electronics, and automotive, is accelerating the adoption of FDCA. This trend is fueled by the demand for sustainable and high-performance materials, positioning FDCA as a versatile solution to meet the evolving needs of various sectors, thereby driving market growth.
- Government Regulations for Biobased Materials
Government regulations favoring biobased materials and reducing reliance on fossil fuels serve as catalysts for FDCA market growth. Supportive policies drive demand for sustainable alternatives, encouraging industries to adopt FDCA for bioplastic production, thereby contributing to the expansion of the market for this renewable building block.
Restraints/Challenges
- Lower Production Cost of Petrochemicals Leads to Competition for FDCA Market
Competition from petrochemicals presents a significant hurdle for FDCA market penetration, despite its sustainable and bio-based characteristics. Established petrochemical alternatives often have lower production costs and established market footholds, making it challenging for FDCA to gain traction and achieve widespread adoption in various industries.
- Seasonal Variations Leads to Limited Feedstock Availability
Limited feedstock availability hampers the furandicarboxylic acid (FDCA) market, as it relies heavily on biomass-derived sources such as sugars and lignocellulosic materials. Constraints in the supply chain, including competition for agricultural resources and seasonal variations, hinder consistent production, affecting the scalability and cost-competitiveness of FDCA-based products.
This global 2,5-furandicarboxylic acid (FDCA) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global 2,5-furandicarboxylic acid (FDCA) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In January 2020, Avantium Renewable Polymers, a subsidiary of Avantium, announced plans to establish its flagship plant at Chemie Park Delfzijl, Netherlands. The 5-kiloton facility will focus on producing plant-based FDCA (furandicarboxylic acid), a crucial component for various chemicals and plastics, including PEF (polyethylene furanoate)
Global 2,5-Furandicarboxylic Acid (FDCA) Market Scope
The global 2,5-furandicarboxylic acid (FDCA) market is segmented on the basis of type, application, method and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- 0.99
- 0.98
Application
- PET
- Polyamides
- Polycarbonates
- Plasticizers
- Polyester Polyols
- Others
Method
- Dehydration of Hexose Derivatives
- Oxidation of 2,5-Disubstituted Furans
- Catalytic Conversions of Various Furan Derivatives
- Biological Conversion of HMF
End-User
- Chemical
- Pharmaceutical
- Scientific Research
Global 2,5-Furandicarboxylic Acid (FDCA) Market Regional Analysis/Insights
The global 2,5-furandicarboxylic acid (FDCA) market is analysed and market size insights and trends are provided by type, application, method and end-user as referenced above.
The countries covered in the global 2,5-furandicarboxylic acid (FDCA) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the 2,5-furandicarboxylic acid (FDCA) market, maintaining its dominance with major key players, widespread adoption of bio-based materials in chemical industries, and increasing consumer awareness of environmentally friendly products. This trend is poised to continue during the forecast period, driving further growth in the region.
Europe dominates the market and is poised to maintain its stronghold. The region benefits from key player presence, widespread adoption of bio-based materials in chemical industries, and increasing consumer awareness of environmentally friendly products, driving sustained growth in FDCA demand and utilization.
Asia-Pacific will continue to project the highest compound annual growth rate (CAGR) for 2,5-furandicarboxylic acid (FDCA) market, driven by rapid industrialization and increasing adoption of bio-based options in chemical manufacturing enterprises across the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global 2,5-Furandicarboxylic Acid (FDCA) Market Share Analysis
The global 2,5-furandicarboxylic acid (FDCA) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global 2,5-furandicarboxylic acid (FDCA) market.
Some of the major players operating in the global 2,5-furandicarboxylic acid (FDCA) market are:
- Avantium (Netherlands)
- LGC Limited (Canada)
- V & V PHARMA INDUSTRIES (India)
- Tokyo Chemical Industry (India) Pvt. Ltd. (India)
- AVA Biochem AG (Switzerland)
- Thermo Fisher Scientific Inc. (India)
- AstaTech, Inc. (U.S.)
- Novamont S.p.A. (Italy)
- Eastman Chemical Company (U.S.)
- Merck KGaA (Germany)
- Sai Carbohydrates (India)
- GODAVARI BIOREFINERIES LTD. (India)
- BASF SE (Germany)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- R&D Synbias Ltd (South Korea)
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