Global 2,5-Furandicarboxylic Acid Market - 2023-2030

Global 2,5-Furandicarboxylic Acid Market - 2023-2030


Global 2,5-Furandicarboxylic Acid (FDCA) Market reached US$ 253.9 million in 2022 and is expected to reach US$ 1,513.0 million by 2030, growing with a CAGR of 25.0% during the forecast period 2023-2030.

During the forecast period, increasingly stringent government regulations on the usage of plastic articles is likely to propel the growth of the global 2,5-furandicarboxylic acid (FDCA) market. With strict penalties making usage of conventional plastic uneconomical, manufacturers are increasingly switching to bioplastics. The growth in bioplastic production will augment demand for FDCA.

With anticipation of increased future demand, material manufacturers are entering into collaborative partnerships with each other to develop new bio-based materials. For instance, in March 2023, Stora Enso, a Finnish materials company signed a partnership agreement with Kolon Industries, a South Korean chemicals company, do develop a new polyester from Stora Enso’s proprietary FDCA production process.

Market Dynamics

Increasing Demand for Sustainable Products

With increasing environmental awareness about climate change and plastic waste, public demand has increased for more sustainable products. FDCA is synthesized from bio-based feedstocks and has the potential to replace petroleum-based chemicals, make it an attractive option to reduce carbon emissions and decrease reliance on fossil fuels.

FDCA is a key component in the production of bio-based polymer polyethylene furanoate (PEF). PEF has superior barrier properties and can be used in various packaging applications, including bottles and films. The adoption of circular economy, which emphasis recycling and reuse, is also conducive to the growth in demand for FDCA, since FDCA-derived products can be recycled unlike those developed from traditional feedstocks.

New Technological Advancements

Research and development activities have accelerated in recent years to develop new feedstock materials, production methods and expand the potential applications for FDCA. For instance, a team of scientists from the University of Wisconsin-Madison in U.S. demonstrated an economically feasible method for production of FDCA from fructose.

Using advanced computational modeling techniques and experiments, researchers have been able to optimize the FDCA production process, reducing wastage and increasing synthesis efficiency. A 2021 study by scientists from the Sun Yat-Sen University in Guangzhou, China, published a research study in late 2021, detailing an improved method for FDCA synthesis from 5-hydroxymethylfurfural.

Limited Feedstock Availability

The major sources of raw material for FDCA production are biomass feedstocks derived from plant waste. Biomass feedstocks require vast arable land for cultivation, which can be problem in certain regions. Furthermore, crop yields vary depending on various factors including climate conditions, soil conditions and which can lead to volatility in feedstock availability.

The infrastructure required for the cultivation, harvesting and transportation of biomass feedstocks ise inadequate or underdeveloped in most developing regions. It can lead to major inefficiencies in the supply chain, hindering the steady supply of feedstocks. The limited availability of feedstocks hampers FDCA production expansion and presents a challenge for market growth.

COVID-19 Impact Analysis

The global supply chain for FDCA production experienced disruptions due to varioous measures including lockdowns and movement restrictions. The difficult economic situation in the wake of the pandemic led several chemical companies to temporarily suspend major investments, thereby causing restrictions on expanding the commercial production of FDCA.

Although global demand has undergone major recovery in the aftermath of the pandemic, various lingering supply chain problems have prevented manufacturers from increasing production to cater to growing demand. The supply chain volatilities are expected to continue over the short-term and will present temporary challenges for market growth.

Russia-Ukraine War Impact Analysis

The ongoing war between Russia and Ukraine will not have major discernable impact on the global market. In the pre-war period, both countries generated negligible demand for FDCA, therefore, war-related disruptions will not present major challenges to the market players. Almost all major developments are taking place in Asia-Pacific and North America, which are not directly impacted by the war.

Segment Analysis

The global 2,5-furandicarboxylic acid (FDCA) market is segmented based on type, raw material, application, end-user and region.

The Chemical Industry is the Biggest End-User for FDCA

The chemical industry is by far, the largest end-user of FDCA, accounting for a market share of nearly 83% in 2022. FDCA demand from the chemical industry has gained tremendous popularity due to the growing significance of sustainability feedstocks in chemical production. Various developing regions are investing in boosting the demand for green chemicals by gradually shifting away from petroleum-based feedstock materials to bio-based feedstock materials.

The increasing demand for sustainable bio-derived polymers has also sparked growing interest in FDCA production. Terephthalic acid, a petroleum-derived monomer used to create polymers for food and beverage packaging, shares structural similarities with FDCA. One of the major commercial applications is the usage of FDCA as a sustainable substitute for terephthalic acid in polymer production.

Geographical Analysis

Government Support and Industry Collaborations to Propel Market Growth

North America accounted for 32% of the global market in 2022. The market in North America is growing due to shifting lifestyles and rising consumer demand for bio-based packaging. The 2,5-furandicarboxylic acid market is expected to expand due to technological advancements and increased demand for novel synthetic chemicals and materials. Furthermore, stringent government rules regarding plastic usage are also likely to augment market growth over the medium and long term.

U.S. Department of Energy (U.S. DoE) has designated FDCA as one of the 12 priority chemicals for developing the green chemistry sector. It was never commercialized in industrial proportions since the production technique was not profitable. The instability of the intermediate required for manufacturing FDCA, 5-hydroxymethylfurfural (HMF) is the main problem for economically viable HMF manufacturing.

Companies are creating collaborative inter-industry partnerships to increase research pace into development of new applications for FDCA. For instance, in March 2023, Origin Materials, a U.S.-based material science company entered into a partnership with Avantium, a Dutch material technology company to develop economical methods for FDCA production from wood residue.

Competitive Landscape

The major global players include Merck KGaA, AVA Biochem AG, Otto Chemie Pvt. Ltd., Avantium, Toronto Research Chemicals, V & V Pharma Industries, Tokyo Chemical Industry Co., Ltd., Thermo Fisher Scientific, AstaTech, Inc. and Novamont S.p.A.

Why Purchase the Report?
• To visualize the global 2,5-furandicarboxylic acid (FDCA) market segmentation based on type, raw material, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of 2,5-furandicarboxylic acid (FDCA) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global 2,5-furandicarboxylic acid (FDCA) market report would provide approximately 64 tables, 72 figures and 195 Pages.

Target Audience 2023
• Polymer Manufacturers
• FDCA Manufacturers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies


1. Methodology and Scope
1.1. Research Methodology
1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
3.1. Snippet by Type
3.2. Snippet by Raw Material
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Increasing demand for sustainable products
4.1.1.2. New technological advances
4.1.2. Restraints
4.1.2.1. Limited feedstock availability
4.1.3. Opportunity
4.1.4. Impact Analysis
5. Industry Analysis
5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
6. COVID-19 Analysis
6.1. Analysis of COVID-19
6.1.1. Scenario Before COVID
6.1.2. Scenario During COVID
6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion
7. By Type
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
7.1.2. Market Attractiveness Index, By Type
7.2. 99%*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. 98%
7.4. 97%
7.5. Others
8. By Raw Material
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
8.1.2. Market Attractiveness Index, By Raw Material
8.2. Carbohydrates*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Renewable Biomass
9. By Application
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
9.1.2. Market Attractiveness Index, By Application
9.2. Polyester*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Polyamides
9.4. Polycarbonates
9.5. Plasticizers
9.6. Polyester Polyols
9.7. Polyethylene Furanoate (PEF)
9.7.1. Bottles
9.7.2. Fibers
9.7.3. Films
9.8. Others
10. By End-User
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
10.1.2. Market Attractiveness Index, By End-User
10.2. Chemicals*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Pharmaceuticals
10.4. Scientific Research
10.5. Others
11. By Region
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.7.1. U.S.
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.7.1. Germany
11.3.7.2. UK
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Spain
11.3.7.6. Rest of Europe
11.4. South America
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.7.1. Brazil
11.4.7.2. Argentina
11.4.7.3. Rest of South America
11.5. Asia-Pacific
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.7.1. China
11.5.7.2. India
11.5.7.3. Japan
11.5.7.4. Australia
11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape
12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis
13. Company Profiles
13.1. Merck KGaA*
13.1.1. Company Overview
13.1.2. Product Portfolio and Description
13.1.3. Financial Overview
13.1.4. Recent Developments
13.2. AVA Biochem AG
13.3. Otto Chemie Pvt. Ltd.
13.4. Avantium
13.5. Toronto Research Chemicals
13.6. V & V Pharma Industries
13.7. Tokyo Chemical Industry Co., Ltd.
13.8. Thermo Fisher Scientific
13.9. AstaTech, Inc.
13.10. Novamont S.p.A.
LIST NOT EXHAUSTIVE
14. Appendix
14.1. About Us and Services
14.2. Contact Us

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