The estimated market potential
for FDCA is expected to reach USD 498.2 million by
2020, according to a new study by Grand View Research, Inc. Avantium’s FDCA
production facility is expected to come online by in 2016 - 17 with annual
capacity reaching 50 kilo tons by 2017. FDCA is expected to have great
potential as a replacement to other petroleum based chemicals such as adipic
acid, terephthalic acid and bisphenol A. The addressable market for FDCA as of
2013 was in excess of 50 million tons with PET and PBT being the largest
applications.
The market potential for FDCA is
expected to reach 498.15 kilo tons by 2020, growing at a exponential CAGR of
367.0% from 2014 to 2020, owing to the projected commercial production of FDCA
by Avantium in 2016 using bio feed stock. The market for FDCA in 2013 was 40
tons with production on order basis primarily for scientific applications.
FDCA potential application
volume share, 2020
Browse full research report on
Furandicarboxylic
Acid Market
Further key findings from
the report suggest:
- Post commercialization,
PET is expected to be the largest application segment for FDCA accounting
for 64% of the global market in 2020. The growing demand for packaging
material coupled with the need for bio based products is expected to
greatly boost the demand for FDCA.
- Polyamides
are expected to be the second largest application segment in 2020 with a
potential market for 80,000 tons. FDCA has the potential to replace adipic
acid and its bio based alternative considering economic production by
2020.
- A limited number
of companies manufactured and supplied FDCA as of 2013 and primarily for
scientific purpose. Avantium is expected to begin construction of its
first commercial FDCA plant with 50 kilo ton capacity in 2015 and is
expected to begin production by 2017.
- Avantium has
been a key participant inFDCA technology development, with partnerships
and alliances with key application clients including The Coca-Cola
Company, Danone, Teijin, Solvay and Rhodia.
For
more information: http://www.grandviewresearch.com
No comments:
Post a Comment