Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) — The “Polyethylene Furanoate (PEF) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031” report has been added to ResearchAndMarkets.com’s providing.
The international Polyethylene Furanoate (PEF) market is anticipated to develop at a Compound Annual Growth Rate (CAGR) of 6.5% by 2031. PEF is a bio-based polymer derived from vegetation that’s 100% recyclable. It has the potential to interchange typical petroleum-based polymers like polyethylene terephthalate (PET) and is taken into account the next-generation polyester. PEF presents higher barrier and mechanical properties in comparison with PET.
Market Drivers:
-
Environmental Concerns: The rising environmental considerations associated to decreasing greenhouse gasoline emissions are driving the demand for eco-friendly and sustainable supplies like PEF.
-
Government Regulations: Stringent authorities rules geared toward decreasing the consumption of non-recyclable plastics are stimulating the market progress for PEF.
-
Shift to Eco-Friendly Substitutes: There is a shifting pattern in direction of the utilization of eco-friendly substitutes for typical plastics, additional boosting the demand for PEF.
Market Challenges:
-
Decrease in Crude Oil Prices: The lower in crude oil costs can hinder the expansion of the PEF market, as it might have an effect on the competitiveness of bio-based supplies.
-
Raw Material Availability: The availability of uncooked supplies for PEF manufacturing can pose a problem to market progress.
Regional Outlook:
-
Europe: Supportive authorities insurance policies in Europe are contributing to market progress within the area.
-
Asia Pacific: The Asia Pacific area is anticipated to be the fastest-growing market because of the increasing packaging sector in international locations like Malaysia, India, Singapore, Australia, and China.
-
North America: North America can also be projected to develop considerably, pushed by stringent authorities rules and rising environmental considerations.
Market Segmentation:
The international PEF market is segmented primarily based on software into:
-
Bottles
-
Packaging Product
-
Fibres and fibrous webs
-
Films
-
Others
Key Players within the PEF Market:
Key Questions Answered within the Report:
-
What are the important thing components impacting the expansion of the PEF market?
-
Where are the important thing funding alternatives when it comes to product segments and geographies?
-
What is the estimated forecast and market projections as much as 2031?
-
Which section is anticipated to witness the quickest CAGR through the forecast interval?
-
Which market section holds the biggest market share and why?
-
Are low and middle-income economies investing within the PEF market?
-
Which area is the biggest marketplace for PEF?
-
What are the market traits and dynamics in rising markets like Asia Pacific, Latin America, and the Middle East & Africa?
-
What are the important thing traits driving the expansion of the PEF market?
-
Who are the important thing opponents, and what methods are they using to boost their market presence within the international PEF market?
For extra details about this report go to https://www.researchandmarkets.com/r/146bvd
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply for worldwide market analysis studies and market information. We give you the latest information on worldwide and regional markets, key industries, the highest firms, new merchandise and the latest traits.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
