Furandicarboxylic Acid Market Size & Share, By Application (PET, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Furandicarboxylic Acid Market crossed USD 8.78 Billion in 2023 and is likely to reach USD 80.28 Billion by end of the year 2032, growing at over 34.7% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 8.78 Billion
• CAGR (2024-2032): 34.7%
• Forecast Year Value (2032): USD 80.28 Billion
• Historical Data Period: 2019-2023
• Largest Region: Europe
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing demand for sustainable and bio-based products

Rising awareness about environmental concerns and regulations promoting the use of eco-friendly materials

Growing application scope in various industries such as packaging, textiles, and automotive

Report Scope

Report Coverage	Details
Segments Covered	Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Avantium, Synbias Pharma, V & V Pharma Industries, Carbone Scientific, Tokyo Chemical Industry, Chemsky International Co.,

Industry Restraints:

High production cost of furandicarboxylic acid compared to conventional petrochemical-based products

Limited availability of raw materials for furandicarboxylic acid production

Regional Forecast:

North America:

The Furandicarboxylic Acid market in North America is driven by the growing demand for sustainable packaging materials in the United States and Canada. The increasing emphasis on reducing carbon footprint and shifting towards renewable resources is propelling the growth of the market in the region. The presence of major key players and investments in research and development activities are also contributing to the market growth in North America.

Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are witnessing significant growth in the Furandicarboxylic Acid market. The increasing adoption of bio-based products and stringent regulations on single-use plastics are driving the demand for FDCA in the region. China, being a major manufacturing hub, is expected to lead the market in Asia Pacific with a wide range of applications in various industries.

Europe:

The Furandicarboxylic Acid market in Europe is witnessing steady growth, particularly in countries like the United Kingdom, Germany, and France. The focus on sustainability and increasing investments in bioplastics are driving the market growth in the region. Stringent regulations on conventional plastics and the shift towards eco-friendly alternatives are expected to further propel the demand for FDCA in Europe.

Segmentation Analysis:

In terms of segmentation, the global furandicarboxylic acid market is analyzed on the basis of Application

Furandicarboxylic Acid Market Size & Share, By Application

PET: The PET segment is expected to dominate the furandicarboxylic acid market due to the increasing demand for sustainable packaging solutions. FDCA is widely used in the production of bio-based PET resin, which offers better barrier properties and environmental sustainability compared to traditional PET resin.

Polyamides: The polyamides segment is projected to witness significant growth in the furandicarboxylic acid market, driven by the rising demand for bio-based polyamides in various end-use industries such as automotive, electronics, and consumer goods. FDCA-based polyamides offer enhanced mechanical properties and chemical resistance compared to conventional polyamides.

Polycarbonates: The polycarbonates segment is expected to register a steady growth rate in the furandicarboxylic acid market, owing to the increasing adoption of bio-based polycarbonates in the production of electronic components, automotive parts, and optical discs. FDCA-based polycarbonates offer improved heat resistance and optical clarity compared to traditional polycarbonates.

Plasticizers: The plasticizers segment is anticipated to witness moderate growth in the furandicarboxylic acid market, as FDCA is increasingly being used as a sustainable alternative to conventional plasticizers in applications such as PVC, rubber, and adhesives. FDCA-based plasticizers offer enhanced flexibility and durability while reducing the environmental footprint.

Polyester Polyols: The polyester polyols segment is likely to show promising growth prospects in the furandicarboxylic acid market, driven by the growing demand for bio-based polyurethanes in construction, automotive, and furniture industries. FDCA-based polyester polyols offer superior mechanical properties and thermal stability compared to conventional polyester polyols, making them ideal for high-performance applications.

Competitive Landscape:

The competitive landscape in the Furandicarboxylic Acid Market is highly fragmented with numerous players operating worldwide. Some of the top market players include:

1. Avantium

2. Corbion

3. DuPont Tate & Lyle Bio Products

4. Novamont

5. Synbias

6. Toronto Research Chemicals

7. TCI Chemicals

8. CHEMOS GmbH

9. Haihang Industry

10. Jiangsu Jiuwu High-Tech