2,5 Furandicarboxylic Acid Market to Grow at over 8% CAGR Through 2025, Favorable Government Initiatives Driving Adoption
2, 5-furandicarboxylic acid market is likely to grow at a CAGR of 8.2% through 2025. The study offers in-depth insights and analysis on the key factors that are likely to drive the growth of the market
Albany, NY -- (SBWire) -- 06/11/2018 --A new research study offers in-depth analysis and insights on the 2,5-furandicarboxylic acid market for the period 2017-2025. According to the report, the 2, 5-furandicarboxylic acid market is likely to grow at a CAGR of 8.2% through 2025. The study offers in-depth insights and analysis on the key factors that are likely to drive the growth of the market.
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According to the report, steady demand from the carbonated soft drink industry, combined with growing legislative support are among the key factors likely to drive the growth of the market during the assessment period. Governments around the globe are promoting the use of furandicarboxylic acid, and this is likely to provide an impetus to growth during the assessment period.
Increasing awareness among end-users on the harmful impact of plastic and the need to use sustainable materials are likely to fuel the demand for alternatives. Among these alternatives, demand for 2, 5-furandicarboxylic acid is likely to grow over the forecast period, owing to its wide-ranging applications. The growing emphasis on developing biobased products is also likely to augur well for the growth of the market during the assessment period. However, the high cost of 2,5-furandicarboxylic acid polymers can be a deterrent for the growth of the market during the assessment period.
The business intelligence study offers in-depth analysis and insights on the basis of various segments. Some of the key application segments in the market include polyesters, plasticizers, polyamides, polycarbonates, and others. Among these, polyesters are likely to be the leading application segment, owing to their superior features.
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According to the report, demand for 2,5-furandicarboxylic acid market is likely to be driven by emerging opportunities in developed countries. Many governments in Europe have adopted green policies to create sustainable development, and this has fuelled the growth of the market during the assessment period. In addition to developed countries, the demand for 2,5-furandicarboxylic acid market is also likely to grow on account of these factors.
The research study also offers in-depth analysis and insights on key developments in the competitive landscape. According to the research study, some of the leading players in the market include Avantium Holding BV, Toronto Research Chemicals Inc, Corbion NV , Alfa Aesar GmbH & Co KG, Novamont SpA, Synvina, Asta Tech Inc, AVALON Industries AG, Chemsky (Shanghai) International Company Limited, and V & V Pharma Industries
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