PUBLISHER: Acute Market Reports | PRODUCT CODE: 1299794
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1299794
Polyethylene furanoate (PEF) market is expected to grow at a CAGR of 6.5% by 2031. Polyethylene furanoate (PEF) is derived from plants and is 100% recyclable and bio - based polymer. It has the potential to replace conventional resources-based durable material polyethylene terephthalate (PET). Polyethylene furanoate has better barrier and mechanical properties when compared to polyethylene terephthalate. It can also be considered as the next-generation polyester.
The market for polyethylene furanoate is witnessing growth on the back of rise in environmental concerns to reduce greenhouse gas emissions. Moreover, stringent government regulations towards consumption of non-recyclable plastics are likely to stimulate market growth. In addition, shift in trend towards usage of eco-friendly substitutes is likely to drive the market growth for PEF. Decrease in crude oil prices is projected to hinder the PEF market growth. Moreover, lack of raw material availability is also likely to impede market growth.
Europe and Asia Pacific is projected to be the promising market for PEF. Supportive government policies in Europe are one of the major factors contributing to the market growth in this region. Asia Pacific is projected to be the fastest-growing market on account of the growing packaging sector in Malaysia, India, Singapore, Australia, and China. North America is also projected to grow at a significant rate owing to stringent government regulations and growing environmental concerns.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Polyethylene Furanoate (PEF) market are as follows:
Micro and macro environment factors that are currently influencing the Polyethylene Furanoate (PEF) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.