The polyethylene furanoate (PEF) market is projected to reach USD 28 million by 2028, at a CAGR of 8.1 % from USD 19 million in 2023. The market growth is driven by influencing factors such as government regulation & policies and increasing demand for PEF for bottle production and the growing demand from the fiber segment.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183927881
The key global players in the PEF market include Avantium NV (Netherland), Sulzer (Switzerland), AVA Biochem (Switzerland), ALPLA Group (Austria), Swicofil (Switzerland), Origin Materials (US), Toyobo Co., Ltd. (Japan), Danone (France), Mitsui & Co. (Japan), Eastman (US) are the key players in the PEF market. These companies are strong in their home region and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
Avantium NV
Avantium is a leading company in the field of renewable and sustainable chemistry. It is focused on developing innovative technologies and processes that utilize renewable feedstocks to create a wide range of sustainable materials, chemicals, and products The company operates through three business segments, namely renewable polymers, renewable chemistries, and R&D solutions. The company’s product line includes furandicarboxylic acid (FDCA), PEF, PlantMEG and various technologies. The company serves its products to packaging industry, film, textiles, solvents and coolants, chemicals, and polyesters. The company is employing approximately 200 people, with extensive R&D laboratories and three pilot plants in Geleen and Delfzijl, the Netherlands. Avantium is currently involved in partnerships with Mitsui, Toyobo, Alpla, Danone, Carlsberg, Paboco, BillerudKorsnas, and R&F Chemical for the development of 100% plant-based PEF bottles and films.
Sulzer
Sulzer is a world leader in fluid engineering and chemical processing applications. The company specializes in energy-efficient pumping, agitation, mixing, separation, purification, crystallization, and polymerization technologies for fluids of all types. The company operates through 3 business divisions: flow equipment, services, and Chemtech. The company’s product line includes agitators, mixers, tower management systems, compressors and aeration, pumps, control and monitoring equipment, separation technology, process plants, polymer production technology, lifting stations, solid reduction, separation and removal systems, screening, sedimentations and filtration solutions and digital solutions. The company’s product line has applications in food & beverage, fertilizer, construction, mining and metals, oil & gas and chemical industry, polymer, power generation, pulp & paper, automotive and wastewater treatment. The company has a strong global presence, and operates in Europe, Americas, Middle East & Africa, and Asia Pacific.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=183927881
Asia Pacific is the fastest-growing market for PEF. the region's rapid industrialization and burgeoning population create an immense demand for sustainable materials. PEF's eco-friendly and bio-based nature resonates well with the environmentally conscious consumers and regulatory trends prevalent in this region, fostering a significant market preference for sustainable alternatives. Moreover, Asia-Pacific's proactive initiatives toward reducing carbon footprints and adopting renewable resources align with PEF's characteristics, driving its acceptance and market growth. Additionally, the escalating demand for packaging, textiles, automotive components, and electronics in this region provides a fertile ground for PEF's versatile applications.
Read Our Trending Press Release Below:
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/polyethylene-furanoate-pef-market-183927881.html
