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Furandicarboxylic Acid Market Share

Report ID: GMI9619
Published Date: May 2024
Report Format: PDF

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Furandicarboxylic Acid Market Share

Furandicarboxylic acid (FDCA) manufacturers are strategically focusing on several key areas to drive market growth. Firstly, they are investing in research and development to optimize production processes, enhance product quality, and reduce costs. Secondly, they are forming strategic partnerships with key players across the value chain to expand market reach and increase distribution channels. Thirdly, manufacturers are actively engaging with regulatory bodies to ensure compliance and leverage favorable policies supporting sustainable alternatives.

Furandicarboxylic Acid Market Companies

Major players operating in the global market include:

Avantium
AVA Biochem
Clearsynth
Synvina
TCL America
V.V. Pharma Industries

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for furandicarboxylic acid was valued USD 784.5 million in 2023 and is anticipated to register over 7.8% CAGR between 2024-2032 fueled by eco-friendliness, regulations, tech advancements, collaborations, and increased consumer awareness of sustainability.

The 2,5- furandicarboxylic acid segment of the furandicarboxylic acid market was valued at USD 510.2 million in 2023 and is expected to reach USD 990.1 million by 2032 driven by superior properties and demand in packaging and automotive industries, supported by environmental concerns and regulations.

Asia Pacific market size is expected to reach USD 504.3 million in valuation by 2032, driven by demand for sustainable materials, stringent environmental regulations, and growing awareness of climate change.

Leading players include Avantium, AVA Biochem, Clearsynth, Synvina, TCL America, and V.V. Pharma Industries in the global furandicarboxylic acid industry.