GLOBAL RECYCLABLE POLYETHYLENE FURANOATE MARKET
The plant-based biopolymer polyethylene furanoate, also known as polyethylene 2,5-furandicarboxylate, is completely recyclable. Because of various businesses creating 100% bio-based bottles, films, and fibres, it is gaining popularity.
The product is anticipated to grow quickly as a viable alternative for bio-based PET due to its superior mechanical, thermal, and barrier characteristics. Numerous new opportunities for market expansion are anticipated to arise from the growing use of bio-based polymers in the medical sector.
RECYCLABLE POLYETHYLENE FURANOATE MARKET DEVELOPMENTS AND INNOVATIONS
In order to make polyethylene furanoate, a substitute for polyethylene terephthalate, FDCA is created from recycled materials. Growing environmental concerns about minimising emissions of greenhouse gases could be a key driver propelling the market growth for polyethylene furanoate.
Furthermore, strict government regulations banning the use of non-recyclable plastics are anticipated to spur industry expansion. The market for polyethylene furanoate (PEF) is anticipated to increase as a result of a shift in the trend toward the usage of environmentally friendly alternatives.
Demand for recycled polyethylene terephthalate (rPET) is projected to be driven by factors such as growing sustainability concerns, decreased plastic waste, and measures to advance the circular economy in North America and Europe.
Food oxidation is reduced thanks to PEF-based materials’ high level of resistance to oxygen and carbon dioxide. The demand for PEF-based goods in the food and beverage sector is increasing as a result, increasing the market’s overall value.
The population has driven market expansion in terms of value and volume through the development and use of improved techniques, as well as by contributing significantly to industry growth. The preference for Polyethylene Furanoate (PEF) over the conventional method is a key growth driver for the sector.
Avantium is a leading mobiliser of the equipment in the market. The latest integration has been the proprietary technology platform called YXY that is designed to produce biofuels, biobased polymers, and biochemicals.
The JV between Avantium and BASF created a strategic relationship for the development and marketing of bio-based polymers made from PEF with Danone, Coca-Cola, and ALPLA. This gave textile makers an example of how PEF may be used to manufacture fibres for 100% bio-based t-shirts.
Synvina is part of the component manufacture trending companies in the current industry. The purpose of creating an enormous opportunity to target a chemical industry with high volume and high value exists with the FDCA as a PET/PBT analogue. Wageningen UR has successfully prepared FDCA semi-aromatic polyesters using the AVA-unique CO2’s conversion process of 5-HMF to FDCA, and it is actively working with committed partners to advance its development and commercialization.