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Polyethylene Furanoate Market with Current Trends Analysis -2022

Increasing demand for bio-based polymer products from various end-use industries such as packaging and automotive has been a key factor driving market globally. In addition, favorable properties of PEF over bio-based PET is anticipated to fuel demand over the same period.

The Global Polyethylene Furanoate (PEF) Market demand is projected to reach 16,640.0 tons by 2022, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period.


Polyethylene furanoate is a 100% recyclable biobased polymer extracted from plants. It is gaining popularity as several companies are engaged in the manufacturing of 100% biobased bottles, films, and fibers. The product is likely to witness high growth as it can be widely used as a potential substitute for biobased PET on account of its superior mechanical, thermal, and barrier properties. Moreover, it has better tensile strength, requires lesser additives than PET, and can be recycled and incorporated into PET recycle streams at up to 5% of PEF without affecting the performance of recycled PET.

The carbonated soft drink industry is growing at a rapid pace and with that, demand for bottles has been on the rise. PET is largely preferred for the production of bottles across the globe. However, due to rising environmental concerns, the bottled packaging industry is slowly shifting toward biobased plastic bottles. As a result, there will be surging adoption of PEF in bottled packaging applications over the forecast period.

To Know More About Polyethylene Furanoate Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyethylene-furanoate-pef-market

The Global Polyethylene Furanoate Market was valued at USD 21.06 million in 2016 and is expected post a CAGR of 8.8% from 2018 to 2022. Fibers emerged as the largest application segment in 2016 and is estimated to account for just over 44.0% of the overall market revenue by 2022. The bottle segment registered the highest CAGR of 7.3% in terms of volume during the forecast period.

Top Players of Polyethylene Furanoate (PEF) Market:

The PEF market is still at a nascent stage with the presence of a few market players such as Avantium Technologies B.V., Toyobo Co., Ltd., and SULZER ChemTech.

Market Segmentation of Polyethylene Furanoate (PEF) Market:

The Global Polyethylene Furanoate (PEF) Market segmented on the basis of Application and Region.

By Application:

    Bottles
    Films
    Fibers

By Region:

    North America
        US
    Europe
        Netherlands
    Asia Pacific
        China
        Japan
    Rest of the World

Inquire about Polyethylene Furanoate Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2305
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