2,5-Furandicarboxylic Acid (FDCA) Market Industry Analysis and Forecast 2028
Data Bridge Market Research analyses that the 2,5-furandicarboxylic acid (FDCA) market will witness a CAGR of 8.9% for the forecast period of 2021-2028 and is likely to reach at USD 873.28 million by 2028.
Industry Analysis
2,5-furandicarboxylic acid (FDCA) is defined as a chemical compound which is manufactured from the two classes of carboxylic acids and these acids are bound to a central furan channel. Various carbohydrates are used in the production of FDCA. Sharp melting point and stable nature are the properties of FDCA. They are utilized in various applications including polycarbonates, plasticizers, polyester, polyamides and others. In the manufacturing of succinic acid, FDCA is used as an initial compound.
Surge in the application of FDCA and rise in the use of range of petrochemical are the major drivers that will influence the growth of 2,5-furandicarboxylic acid (FDCA) market. Furthermore, growth in the demand of bio-based PET, stringent regulations related with the use of phthalate based plasticizers and rise in the utilization of FDCA as an alternative for bio based adipic acid are the market drivers that will accelerate the 2,5-furandicarboxylic acid (FDCA) market growth rate.
Also, growing investments for R&D activities and emerging new markets will provide beneficial opportunities for the 2,5-furandicarboxylic acid (FDCA) market growth.
However, lack in the availability of raw materials and unviable manufacturing process will hamper the growth of market and will further challenge the 2,5-furandicarboxylic acid (FDCA) market growth rate.
This 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 localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market re
Data Bridge Market Research analyses that the 2,5-furandicarboxylic acid (FDCA) market will witness a CAGR of 8.9% for the forecast period of 2021-2028 and is likely to reach at USD 873.28 million by 2028.
Industry Analysis
2,5-furandicarboxylic acid (FDCA) is defined as a chemical compound which is manufactured from the two classes of carboxylic acids and these acids are bound to a central furan channel. Various carbohydrates are used in the production of FDCA. Sharp melting point and stable nature are the properties of FDCA. They are utilized in various applications including polycarbonates, plasticizers, polyester, polyamides and others. In the manufacturing of succinic acid, FDCA is used as an initial compound.
Surge in the application of FDCA and rise in the use of range of petrochemical are the major drivers that will influence the growth of 2,5-furandicarboxylic acid (FDCA) market. Furthermore, growth in the demand of bio-based PET, stringent regulations related with the use of phthalate based plasticizers and rise in the utilization of FDCA as an alternative for bio based adipic acid are the market drivers that will accelerate the 2,5-furandicarboxylic acid (FDCA) market growth rate.
Also, growing investments for R&D activities and emerging new markets will provide beneficial opportunities for the 2,5-furandicarboxylic acid (FDCA) market growth.
However, lack in the availability of raw materials and unviable manufacturing process will hamper the growth of market and will further challenge the 2,5-furandicarboxylic acid (FDCA) market growth rate.
This 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 localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market re
08:34 AM - Feb 09, 2024 (UTC)
