Polyethylene Furanoate (PEF) Market Thrives, Anticipates 7.86% CAGR Growth by 2030

Polyethylene Furanoate (PEF) Market

The latest report by MarkNtel Advisors, titled “Polyethylene Furanoate (PEF) Market Report By Grade (Standard Grade, High-Performance Grade, Blended/Customized Grade , Others), By Application (Bottles, Fibers, Films, Others (Construction Materials, Automotive Parts, etc.)), By End User (Packaging, Fibre & Textile, Consumer Electronics, Automotive, Pharmaceuticals, Others (Cosmetics & Personal care, Agriculture, etc.)), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Polyethylene Furanoate (PEF) Market research report.

What is the market outlook for Polyethylene Furanoate (PEF)?

The Polyethylene Furanoate (PEF) Market size is estimated to grow at a CAGR of around 7.86% during the forecast period 2024-30.

For an in-depth analysis, you can request a sample copy of the report: https://www.marknteladvisors.com/query/request-sample/Polyethylene Furanoate (PEF)-market.html           

Major Companies Operating in the Polyethylene Furanoate (PEF) Industry:

Avantium N.V., Toyobco Co., Ltd., AVA Biochem, Swicofil AG, Stora Enso, Origin Materials, and others

Polyethylene Furanoate (PEF) Market Report Segmentation:

By Grade

-Standard Grade

-High-Performance Grade

-Blended/Customized Grade

-Others

By Application

-Bottles

-Fibers

-Films

-Others (Construction Materials, Automotive Parts, etc.)

By End User

-Packaging

-Fibre & Textile

-Consumer Electronics

-Automotive

-Pharmaceuticals

-Others (Cosmetics & Personal care, Agriculture, etc.)

Learn More About the Market Report – https://www.marknteladvisors.com/research-library/polyethylene-furanoate-pef-market.html           

Regional Insights:

  • North America: The US, Canada, Mexico
  • South America: Brazil, Argentina, Rest of South America
  • Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
  • Middle East & Africa: Saudi Arabia, The UAE, South Africa, Rest of Middle East & Africa

Global Polyethylene Furanoate (PEF) Market Opportunity: The Use of Polyethylene Furanoate in the Healthcare Industry Offers New Lucrative Opportunities

With growing awareness of the environmental impact and stringent regulatory requirements, healthcare providers and manufacturers are seeking sustainable alternatives to conventional plastics. PEF, with its renewable and biodegradable properties, aligns well with these sustainability goals, owing to which its use across the healthcare domain is anticipated to emerge at a substantial rate. This is because a surge in the environmental footprint of plastic waste from the healthcare industry has been observed in recent years, specifically post-2020.

Polymers like polyethylene terephthalate (PET) are predominantly used in various applications, such as packaging for pharmaceuticals, medical devices, diagnostic equipment, and disposable medical supplies like syringes, IV tubes, and intravenous bags. As the COVID-19 pandemic led to a significant rise in trade activities and the use of these products, healthcare waste management is becoming a key concern globally. For instance, according to the World Health Organization in 2020, more than 140 million test kits have been shipped worldwide, creating a potential 2,600 tons of general rubbish, most of which will be plastic, and 731,000 liters of chemical waste.

Additionally, as per the organization, 36% of Europe’s healthcare waste is reportedly made of plastic. Thus, tackling waste reduction and ensuring environmental sustainability is an emerging concern for global economies. Therefore, the growing inclination of the governments of different countries to use sustainable solutions in end-user domains, including healthcare, presents a significant opportunity for the demand for PEF. Thus, driving the size & volume of the Global Polyethylene Furanoate Market during 2024-2030. 

Ask Analyst for Customization: https://www.marknteladvisors.com/query/request-customization/polyethylene-furanoate-pef-market.html            

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About UsMarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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