세계의 2,5-Furandicarboxylic acid(FDCA) 시장(2021-2028년)
Global 2,5-Furandicarboxylic acid (FDCA) Market - 2021-2028
세계 2,5-Furandicarboxylic acid(FDCA) 시장 성장 주요인으로서 화학 업계에서의 지속가능성과 'go green'의 중요성이 높아지고 있는 점 등을 들 수 있습니다. 한편, 적절한 제조 방법이 없는 점 등은 시장 성장을 억제할 가능성이 있습니다.
용도별로는 폴리에스테르가 최대 용도이며, 시장을 지배하고 있습니다. FDCA의 중요성이 높아지고 있기 때문에 대기업이 투자하고 제품을 발매하며 시장 성장에 기여하고 있습니다.
지역별로는 유럽 국가가 EU 그린 조달 정책의 영향으로 시장 점유율이 높아지고 있습니다. 북미 국가가 그 뒤를 잇고 있고, 아시아태평양 국가에서도 시장 기회가 확대되고 있습니다. 중동 및 아프리카 국가나 남미 국가에서도 향후 급성장이 전망되고 있습니다.
세계의 2,5-Furandicarboxylic acid(FDCA) 시장을 분석했으며, 시장의 기본 구조 및 최신 상황, 전체적인 시장 동향 전망(2021-2028년), 유형별·원재료별·용도별·최종사용자별·지역별 상세 동향, 주요 시장 성장 촉진요인 및 억제요인, 시장 경쟁 구도, 주요 기업 프로파일 및 사업 전략 등에 대해 전해드립니다.
The global 2,5-Furandicarboxylic acid (FDCA) market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
2,5-Furandicarboxylic acid (FDCA) is an organic, monomer chemical compound produced from certain carbohydrates such as sugar. It is a renewable, greener substitute for terephthalate in the production of polyesters. The U.S. Department of Energy recognized it as one of 12 priority chemicals for establishing the "green" chemistry industry.
It is widely utilized as a precursor for the synthesis of bio-based polyesters and various other polymers. Moreover, it is also used in the synthesis of several metal-organic frameworks (MOFs). A substantial thrust for the demand for FDCA comes from the packaging industry for the production of bio-based plastics and the beverages industry for carbonated soft drinks. Industry requirements for environmental-friendly plastics, supported by large regulatory thrusts in several countries, have driven the FDCA market's growth.
The growing significance of sustainability and 'go green' in the chemical industry drives the market. However, the lack of a proper production method for 2,5-Furandicarboxylic Acid (FDCA) is likely to restrain the market.
The growing significance of sustainability and 'go green' in chemicals drives the market
Polyesters like polyethylene terephthalate (PET) and Polymeric materials, such as polyamides derived from fossil fuels, are important platform materials today to produce a wide range of products. For instance, polyethylene terephthalate (PET) and other polyesters are widely used in food packaging, bottles and textiles. The annual production of PET products is around 30 million tonnes.
However, fossil-derived feedstocks are not sustainable and do damage to the environment by the huge carbon emissions. At present, a global temperature rise of 1.5°C by 2050 is a best-case scenario that will need a rapid reduction in carbon emissions, which cannot be achieved by improvements in renewable energy and energy efficiency alone.
For this purpose, 2,5-Furandicarboxylic Acid (FDCA) can be used to produce polyethylene 2,5-Furandicarboxylate (PEF), which has similar properties as polyethylene terephthalate (PET). It can be synthesized directly from renewable biomass or carbohydrate and hence reduce the dependency on fossil fuels.
Replacing fossil-based PET with plant-based polyethylene Furanoate (PEF) polymers can decrease the carbon footprint of the products by around 50%.
Lack of a proper production method for 2,5-Furandicarboxylic Acid (FDCA) restraints the market growth
2,5-Furandicarboxylic Acid (FDCA) can be manufactured from renewable biomass or carbohydrate. The conversion of lignocellulosic biomass to FDCA is recalcitrant, and multiple reaction steps are required to release the sugars, i.e., glucose, from the cell wall matrix. However, in both processes, the conversion of sugars to FDCA requires dehydration to 5-(hydroxymethyl) furfural as the first step, followed by oxidation to FDCA. The process can be achieved by electrochemical conversion, non-catalytic, catalytic (chemical or biological) methods. However, the challenge of separating and purifying HMF from the reaction media and using high HMF loading remains. Therefore, the synthesis methods of FDCA are still in development, impacting the market growth.
Based on application, The FDCA market is segmented into Polyester, Polyamides, Polycarbonates, Plasticizers, Polyester Polyols and others.
Of these, polyester dominates the market in which FDCA is used to synthesize renewably sourced polyesters. The bio-compatibility and bio-degradability properties make FDCA the material of choice for making polyesters such as polyethylene 2,5-Furandicarboxylate (PEF). Polyethylene 2,5-Furandicarboxylate (PEF) is a fully renewable and recyclable high-performance plastic. Hence, it opens up possibilities for the industries to reduce waste and positively impact the environment. For instance, as per VTT Technical Research Centre of Finland Ltd., replacing fossil-based PET with plant-based PEF polymers decreases the products' carbon footprint by approximately 50%.
The growing significance of FDCA has led major companies to invest and launch products, contributing to the market growth. For instance, in February 2016, AVA Biochem, a Swiss company, included 2,5-Furandicarboxylic acid (FDCA) in its product portfolio. The company delivers high-quality FDCA to partners and customers engaged in the research and development of new products.
Moreover, the companies are into innovating and developing new efficient technologies to synthesize PEF. For instance, in February 2020, VTT Technical Research Centre of Finland Ltd. developed the use of pectin-containing agricultural waste, such as sugar, citrus peel and beet pulp, as the raw material for producing bio-based PEF-plastics
Based on the geography, the 2,5-Furandicarboxylic acid (FDCA) market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa.
The European regions dominants the market share owing to the imposition of green procurement policies by the European Union (EU). Moreover, consumer patterns are tilting toward bio-based alternatives in the chemical manufacturing industries across the region, supporting the demand for FDCA. The usage of bio-sourced PEF products in the packaging industries in countries such as the UK, France, and Germany contributes substantial revenues in the regional market.
North America closely follows Europe and holds a significant share because of the changing lifestyle. The stringent environmental regulations by the government over the use of plastic also support the market. Moreover, the rising inclination towards green products will help create new growth opportunities for the market in the Asia-Pacific in the years to come.
Meanwhile, the Middle East and Africa (MEA) and South America are projected to rise rapidly during the assessment period.
The 2,5-Furandicarboxylic acid (FDCA) market is staggered with the presence of local and multinational companies. Major players contributing to the market's growth include Merck KGaA, AVA Biochem, Otto Chemie Pvt. Ltd., Avantium, Toronto Research Chemicals, V & V Pharma Industries, TCI Chemicals (India) Pvt. Ltd, AVA Biochem AG, Thermo Fisher Scientific India Pvt. Ltd., AstaTech, Inc., Novamont S.p.A. The major players are adopting growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the 2,5-Furandicarboxylic acid (FDCA) market.
Overview: Merck KGaA is a German multinational science and technology company headquartered in Darmstadt, Germany. The company operates in three businesses: Healthcare, Life Sciences and Electronics.
Product Portfolio: Merck KGaA manufactures 2,5-Furandicarboxylic acid (FDCA) 97%. It can be used to synthesize bio-based polyesters and several metal-organic frameworks (MOFs).
On January 07, 2021, Merck KGaA announced the acquisition of AmpTec, a Germany-based mRNA contract development and manufacturing organization (CDMO).
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