As the plastic bottle industry shifts toward bio-based plastics, PEF is expected to be a game changer in the bottle industry. Several Tier-1 companies have publicly announced their ambitious goals to add substantial amount of PEF capacities in their product-line. As PEF is seen as a direct competitor for PET, industry experts believe that PEF has enough potential to replace PET in several applications, including bottle, films, and fibers. Companies such as Synvina, AVA-Biochem, and Corbion nv have already started pilot production of PEF for process optimization and product innovation and have also announced major capacity additions within the next five years to commercialize PEF.
Request the Sample @ https://bisresearch.com/requestsample?id=539&type=download
Moreover, the substantial support from end users, such as ALPLA Werke Alwin Lehner GmbH and Co KG, Danone, and Nestle S.A., gives a ray of hope to PEF manufacturers to commercialize PEF at a substantial level. For instance, the capacity addition of XX kilotons from Synvina and its tie-up with ALPLA Werke Alwin Lehner GmbH and Co KG clearly indicates that PEF will have significant demand from the market once the capacity gets operationalized.
The growth of the polyethylene furanoate market is directly dependent on the capacity development of FDCA and as the production volumes of PEF reach a commercial and an industrial scale, PEF is expected to start impacting the PET market. The PET market is already a well-established market with huge volumes being produced each year; however, PEF as a new entrant but with better characteristics than PET and being bio-based, is expected to start replacing PET in the coming years. As the production volume of PET is already very huge and the announced capacity additions of PEF seems too small when compared with that of the global consumption volumes of PET, PEF therefore is expected to witness a little entry barrier and gain its share in the global PET’s applications market.
BIS Research is a global market intelligence, research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market over the next five (or ten) years.
With over 150 market intelligence reports published annually, BIS Research focuses on various technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.
Each research report incorporates detailed analysis and subsequent quantification of- market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686,
E-mail : firstname.lastname@example.org
Call Us : +1-510-404-8135