Global Market of 2,5-furandicarboxylic acid (FDCA): clip
2,5-furandicarboxylic acid (FDCA) has gained global commercial interests as a bio-renewable monomer for the production of polymers and resins. The Monomer has emerged as potentially promising in chemicals manufacturers for the production of plastics on a biological basis because it can replace terephthalic acid (TPA) and various other petrochemical products for the production of plastics such as PET. FDCA is often regarded as an intermediate for polyethylene furanoate polymer (PEF) polymer and plastic PET bottles. A significant trend in demand for FDCA comes from the packaging industry for the production of plastics based on the biological base and the beverage industry for the production of carbonated soft drinks. An intense search for environmentally friendly plastic products, supported by large regulatory interventions in several countries, has a steady boost in the growth of the FDCA market.
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The world market for 2,5-furandicarboxylic acid in 2016 is almost USD 300 million and is projected to increase by 8.2% CAGR over the estimated 2017-2025. The rapid expansion of the production capacities of chemical companies around the world contributes to an attractive market expansion. Out-of-date research and development activities in the exploitation of the biological properties of the FDCA are likely to create profitable routes for these companies.
The various uses of 2,5-furandicarboxylic acid can be categorized as polyamides, polyesters, plasticisers, polycarbonates and other segments. Of this, it is expected that the polyester will run the packaging throughout the assessment period. The extensive use of FDCA is attributed to its need for the synthesis of renewable polyesters as the monomer replaces TPA. The properties of biocompatibility and biodegradability make the FDCA an optional material for producing polyesters such as PET and polybutylene terephthalate (PBT).
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The promising use of FDCA in the production of plastics based on biological biological compounds has created enormous market value in the packaging industry around the world. The application is supported by increasing government movements in several countries dealing with biological plastics in order to avoid an increased problem caused by plastic contamination. To this end, governments are also actively involved in providing incentives, in particular in providing tax discounts to chemical companies producing green packaging.
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