Product Code: PM4432
The global polyethylene furoate market size is expected to reach USD 39.76 Million by 2032, according to a new study by Polaris Market Research. The report "Polyethylene Furanoate (PEF) Market Share, Size, Trends, Industry Analysis Report, By Grade; By Application (Bottles, Films, Fibers); By End-Use Industry; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market for polyethylene furanoate (PEF) is experiencing significant growth due to the increasing demand for sustainable and eco-friendly packaging materials. PEF has several advantages over traditional plastics, including heat and chemical resistance, high barrier properties, and recyclability. These benefits, coupled with the rising awareness of environmental concerns and the need to reduce carbon emissions, are driving the PEF market growth. Moreover, technological advancements and economies of scale are expected to result in reduced production costs, making PEF more competitive with conventional plastics.
However, the high production cost of PEF remains a significant challenge, limiting its affordability for consumers. The market can face uncertainty due to the limited availability of raw materials and the requirement for established supply chains. Nevertheless, the prospects for the PEF market are bright. Sustainable technologies are being heavily invested in by governments and businesses all over the world to reduce their carbon footprints. Additionally, the demand for biodegradable alternatives such as PEF has increased due to the ban on single-use plastics in many countries.
Manufacturers such as Avantium, Toyobo, and Mitsubishi Chemical are at the forefront of developing novel manufacturing processes and technologies to boost efficiency and reduce costs. The PEF market is rapidly expanding, and numerous manufacturers and end-users are contributing to its growth. Governments worldwide are enacting regulations and policies to encourage the use of recyclable materials in various industries, including in the PEF market.
Polyethylene Furoate (PEF) Market Report Highlights
In 2023, the polyethylene furoate market was dominated by the bottle application segment due to its growing demand from various industries, including packaging in personal care, food and beverage, and pharmaceuticals.
In 2023, the global market for polyethylene furanoate (PEF) was dominated by the packaging end-use industry. This was mainly due to the increasing demand for sustainable and eco-friendly materials. Its biodegradability and renewability make it a promising alternative to traditional packaging materials like PET.
In 2023, the global market witnessed North America as a dominating region. This dominance is attributed to the growing awareness among consumers regarding the environmental impact of materials and the strict regulations imposed by governments.
The global key market players include Avantium NV, Sulzer, AVA Biochem, ALPLA Group, Swicofil, Toyobo Co., Ltd., Stora Enso, etc.
Polaris Market Research has segmented the polyethylene furoate market report based on grade, application, end-use industry, and region:
Polyethylene Furoate (PEF), Grade Outlook (Revenue - USD Million, 2019 - 2032)
- Bio-based grade
- Blended/ Customized grade
- Food grade
- High performance grade
- Standard grade
- Others
Polyethylene Furoate (PEF), Application Outlook (Revenue - USD Million, 2019 - 2032)
Polyethylene Furoate (PEF), End-Use Industry Outlook (Revenue - USD Million, 2019 - 2032)
- Automotive components
- Electronic & electrical components
- Fiber & textile
- Packaging
- Pharmaceuticals
- Others
Polyethylene Furoate (PEF), Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Polyethylene Furanoate (PEF) Market Insights
- 4.1. Polyethylene Furanoate (PEF) Market - End-Use Industry Snapshot
- 4.2. Polyethylene Furanoate (PEF) Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Government support and imposed regulations are driving the growth of the global polyethylene market
- 4.2.1.2. The growing awareness of environmental concerns drives market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The high cost of production as compared to conventional plastics hinders market growth
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Polyethylene Furanoate (PEF) Market End-Use Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Polyethylene Furanoate (PEF) Market, by Grade
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 5.3. Bio-based grade
- 5.3.1. Global Polyethylene Furanoate (PEF) Market, by Bio-based grade, by Region, 2019-2032 (USD Million)
- 5.4. Blended/ Customized grade
- 5.4.1. Global Polyethylene Furanoate (PEF) Market, by Blended/ Customized grade, by Region, 2019-2032 (USD Million)
- 5.5. Food grade
- 5.5.1. Global Polyethylene Furanoate (PEF) Market, by Food grade, by Region, 2019-2032 (USD Million)
- 5.6. High performance grade
- 5.6.1. Global Polyethylene Furanoate (PEF) Market, by High performance grade, by Region, 2019-2032 (USD Million)
- 5.7. Standard grade
- 5.7.1. Global Polyethylene Furanoate (PEF) Market, by Standard grade, by Region, 2019-2032 (USD Million)
- 5.8. Others
- 5.8.1. Global Polyethylene Furanoate (PEF) Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Polyethylene Furanoate (PEF) Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 6.3. Bottles
- 6.3.1. Global Polyethylene Furanoate (PEF) Market, by Bottles, by Region, 2019-2032 (USD Million)
- 6.4. Fibers
- 6.4.1. Global Polyethylene Furanoate (PEF) Market, by Fibers, by Region, 2019-2032 (USD Million)
- 6.5. Films
- 6.5.1. Global Polyethylene Furanoate (PEF) Market, by Films, by Region, 2019-2032 (USD Million)
7. Global Polyethylene Furanoate (PEF) Market, by End-Use Industry
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 7.3. Automotive components
- 7.3.1. Global Polyethylene Furanoate (PEF) Market, by Automotive components, By Region, 2019-2032 (USD Million)
- 7.4. Electronic & electrical components
- 7.4.1. Global Polyethylene Furanoate (PEF) Market, by Electronic & electrical components, By Region, 2019-2032 (USD Million)
- 7.5. Fiber & textile
- 7.5.1. Global Polyethylene Furanoate (PEF) Market, by Fiber & textile, By Region, 2019-2032 (USD Million)
- 7.6. Packaging
- 7.6.1. Global Polyethylene Furanoate (PEF) Market, by Packaging, By Region, 2019-2032 (USD Million)
- 7.7. Pharmaceuticals
- 7.7.1. Global Polyethylene Furanoate (PEF) Market, by Pharmaceuticals, By Region, 2019-2032 (USD Million)
- 7.8. Others
- 7.8.1. Global Polyethylene Furanoate (PEF) Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Polyethylene Furanoate (PEF) Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Polyethylene Furanoate (PEF) Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Polyethylene Furanoate (PEF) Market - North America
- 8.3.1. North America: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.3.2. North America: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.3.3. North America: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Polyethylene Furanoate (PEF) Market - U.S.
- 8.3.4.1. U.S.: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Polyethylene Furanoate (PEF) Market - Canada
- 8.3.5.1. Canada: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4. Polyethylene Furanoate (PEF) Market - Europe
- 8.4.1. Europe: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.2. Europe.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.3. Europe: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Polyethylene Furanoate (PEF) Market - UK
- 8.4.4.1. UK: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.4.3. UK: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Polyethylene Furanoate (PEF) Market - France
- 8.4.5.1. France: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.5.2. France.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.5.3. France: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Polyethylene Furanoate (PEF) Market - Germany
- 8.4.6.1. Germany: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Polyethylene Furanoate (PEF) Market - Italy
- 8.4.7.1. Italy: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Polyethylene Furanoate (PEF) Market - Spain
- 8.4.8.1. Spain: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Polyethylene Furanoate (PEF) Market - Netherlands
- 8.4.9.1. Netherlands: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Polyethylene Furanoate (PEF) Market - Russia
- 8.4.10.1. Russia: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5. Polyethylene Furanoate (PEF) Market - Asia Pacific
- 8.5.1. Asia Pacific: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Polyethylene Furanoate (PEF) Market - China
- 8.5.4.1. China: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.4.2. China.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.4.3. China: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Polyethylene Furanoate (PEF) Market - India
- 8.5.5.1. India: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.5.2. India.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.5.3. India: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Polyethylene Furanoate (PEF) Market - Malaysia
- 8.5.6.1. Malaysia: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Polyethylene Furanoate (PEF) Market - Japan
- 8.5.7.1. Japan: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Polyethylene Furanoate (PEF) Market - Indonesia
- 8.5.8.1. Indonesia: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Polyethylene Furanoate (PEF) Market - South Korea
- 8.5.9.1. South Korea: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.6. Polyethylene Furanoate (PEF) Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Polyethylene Furanoate (PEF) Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Polyethylene Furanoate (PEF) Market - UAE
- 8.6.5.1. UAE: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Polyethylene Furanoate (PEF) Market - Israel
- 8.6.6.1. Israel: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Polyethylene Furanoate (PEF) Market - South Africa
- 8.6.7.1. South Africa: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.7. Polyethylene Furanoate (PEF) Market - Latin America
- 8.7.1. Latin America: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.7.3. Latin America: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Polyethylene Furanoate (PEF) Market - Mexico
- 8.7.4.1. Mexico: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Polyethylene Furanoate (PEF) Market - Brazil
- 8.7.5.1. Brazil: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Polyethylene Furanoate (PEF) Market - Argentina
- 8.7.6.1. Argentina: Polyethylene Furanoate (PEF) Market, by Grade, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Polyethylene Furanoate (PEF) Market, by End-Use Industry, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Polyethylene Furanoate (PEF) Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Avantium NV
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Sulzer
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. AVA Biochem
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. ALPLA Group
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Swicofil
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Toyobo Co., Ltd.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Stora Enso
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development