Report ID: UCMIG15E2293
Report ID:
UCMIG15E2293 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global polyethylene furanoate market was worth USD 27.1 million in 2019 and is predicted to increase at a compound annual growth rate, or CAGR, of 6.6% between 2020 and 2027. Increasing demand for organic reusable alternatives in the packaging industry, combined with rising consumer awareness, is likely to drive the polyethylene furanoate (PEF) market throughout the forecast period. Growing worries about petrochemical toxicity, as well as dwindling crude oil reserves, have fueled the development of organic polymers. Government laws limiting the use of petro-based plastics in some areas, such as packaging for food and medical equipment, are projected to boost PEF manufacturing even more.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2293