Synopsis:
The scope of the global Furandicarboxylic Acid (FDCA) Market was appreciated at US$ 88.2 million in 2014 and is likely to develop at a CAGR of 33.5% from 2015 to 2020. The FDCA industry is estimated to touch US$ 498.2 million by the completion of 2020. Furandicarboxylic acid is a carbon-based chemical complex containing two groups of carboxylic acids attached to a principal furan circle.
Furandicarboxylic Acid or FDCA is an oxidized furan and an extremely steady composite. Due to its prospective of being utilized such as an alternative to an extensive diversity of petrochemicals for example terephthalic acid and adipic acid; thanks to extensive research being carried out during the previous years.
The product was categorized by the US Department of Energy such as one of 12 important chemicals for creating the business of “green” chemistry of the upcoming period. Till date, it was not ever commercialized in industrialized capacities because the procedure of manufacture was not economically feasible.
The economic manufacture of furandicarboxylic acid (FDCA) is likely to fetch a massive demand for bio centered FDCA because it has the prospective to substitute a huge number of petrol created chemicals and likewise bio centered intermediates for example succinic acid and levulinic acid. The belongings of furandicarboxylic acid bring about the grander end product and reduced by products. The company, Avantium, in recent times, stated that it had developed the cost-effective method for the manufacturing of furandicarboxylic acid (FDCA) using sugar. Yet, the obtainability of raw material would be an important problem of worry during the subsequent six years.
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Drivers:
The increasing demand from the market for carbonated soft drink is one of the principal features motivating the development of the furandicarboxylic acid market. The subdivision of carbonated soft drink is the biggest customer of bio centered PET and is likely to preserve its supremacy during the upcoming years. In the nation-states of BRICS group, bio centered PET is likely to be seriously accepted such as an important packaging material. This will additionally generate the demand for bio centered PET and help for the development of the market.
The development in the actions of R&D is an important inclination of the market toward furandicarboxylic acid. It is likely to help spreading out of this business. The funding in the R&D has considerably augmented for the optimization and taking out procedure of furandicarboxylic acid (FDCA). Numerous companies are continually concentrating on developing technically innovative, cost-effective substitutions for the manufacturing procedure of furandicarboxylic acid. Furthermore, to remain reasonable, the companies are seriously capitalizing to expand their range of product and present technically progressive inventions.
Classification:
The global furandicarboxylic acid industry can be classified by Applications, Type of Product, and Region. By Applications, it can be classified as Scientific Research work, Polyester Polyols, PET, Polyamides, Chemicals, Pharmaceuticals, Plasticizers, Polycarbonates and others. By Type of Product, it can be classified as Biological Conversion of HMF, Oxidation of 2, 5-Disubstituted Furans, Catalytic Conversions of Various Furan Derivatives, and Dehydration of Hexose Derivatives, 098, 0.99.
Regional Lookout:
By Region the global FDCA market can be classified as North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The regions of America will grip the biggest share of the furandicarboxylic acid (FDCA) industry, whereas Asia Pacific region will make up the maximum development of this market during the course of the forecast.
Companies:
Some of the important companies for furandicarboxylic acid (FDCA) market are Good Scents Company, V & V Pharma Industries, SynbiaS, Avantium Holding BV, Chemsky (Shanghai) International Company Limited, Carbone Scientific Tokyo Chemical Industry, Satachem, AVA Biochem, Toronto Research Chemicals Inc., Synvina, Corbion NV, AVALON Industries AG, Asta Tech Inc., Nova Mont SpA, Alfa Aesar GmbH & Co KG.
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Market Segment:
FDCA Potential Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• PET
• Polyamides
• Polycarbonates
• Plasticizers
• Polyester Polyols
• Others
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