Polyethylene Furanoate (PEF) Market Overview
As per recent research by MarkNtel Advisors, 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.
Polyethylene Furanoate (PEF) Market Dynamics
Market Drivers : Growing Government Inclination Towards Sustainability in the Packaging Industry –
Governments worldwide are increasingly inclined towards sustainability in the packaging industry due to rising environmental concerns such as plastic pollution, greenhouse gas emissions, and resource depletion. Thus, recognizing the urgency of transitioning to eco-friendly alternatives to traditional plastics and addressing these environmental challenges and commitments like the Paris Agreement, the traction towards sustainable polymers is on the rise. As PEF offers 100% recyclability benefits and a reduction in CO2 emissions, its use across end-user industries, specifically the packaging industry, is rising substantially.
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Polyethylene Furanoate (PEF) Market Segmentation Overview 2024-2030: Key Factors
By Grade
-Standard Grade- Market Size & Forecast 2019-2030F, (Thousand Tons)
-High-Performance Grade- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Blended/Customized Grade - Market Size & Forecast 2019-2030F, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030F, (Thousand Tons)
By Application
-Bottles- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Fibers- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Films- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Others (Construction Materials, Automotive Parts, etc.)- Market Size & Forecast 2019-2030F, (Thousand Tons)
By End User
-Packaging- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Fibre & Textile- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Consumer Electronics- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Automotive - Market Size & Forecast 2019-2030F, (Thousand Tons)
-Pharmaceuticals- Market Size & Forecast 2019-2030F, (Thousand Tons)
-Others (Cosmetics & Personal care, Agriculture, etc.) - Market Size & Forecast 2019-2030F, (Thousand Tons)
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Polyethylene Furanoate (PEF) Market Geographical Insights:
By Country
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Key Players and Competitive Strategies in the Polyethylene Furanoate (PEF) Market
Several prominent players dominate the Polyethylene Furanoate (PEF) Market, including:
- Avantium N.V.
- Toyobco Co.Ltd.
- AVA Biochem
- Swicofil AG
- Stora Enso
- Origin Materials
- others
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Questions Addressed in this Study
1.How big is the Polyethylene Furanoate (PEF) Market Size?
2.What is the Polyethylene Furanoate (PEF) Market Growth?
3.Who are the key players of the Polyethylene Furanoate (PEF) Market?
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