Global Furandicarboxylic Acid Market Is Driven By Increasing Demand For Sustainable Polymers

The Global Furandicarboxylic Acid Market is a rapidly emerging market owing to the growing need for sustainable polymers and chemicals. Furandicarboxylic acid (FDCA) is an organic compound which is a building block used in the production of various polymers and resins. FDCA can replace terephthalic acid which is derived from fossil fuels. FDCA provides many advantages over conventional polymers such as lower toxicity, biodegradability and higher performance. It is widely used for the manufacturing of polyethylene furandicarboxylate (PEF), polytrimethylene furandicarboxylate (PTF), polybutylene furandicarboxylate (PBF) and others which finds applications in bottles, fibers and films. The low cost production of furan through renewable resources such as agricultural waste makes FDCA a highly sustainable alternative to fossil fuel-based polymers.
The Global Furandicarboxylic Acid Market is estimated to be valued at US$ 8.61 BN in 2024 and is expected to exhibit a CAGR of 34% over the forecast period 2024 to 2031.