The scope of the global Furandicarboxylic Acid (FDCA) Market was appreciated at US$ 88.2 million in 2014 and is likely to develop at a CAGR of 33.5% from 2015 to 2020. The FDCA industry is estimated to touch US$ 498.2 million by the completion of 2020. Furandicarboxylic acid is a carbon-based chemical complex containing two groups of carboxylic acids attached to a principal furan circle.
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Key Players:
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Good Scents Company, V & V Pharma
Industries, SynbiaS, Avantium Holding BV, Chemsky (Shanghai) International
Company Limited, Carbone Scientific Tokyo Chemical Industry, Satachem, AVA
Biochem
Growth Drivers:
Furandicarboxylic Acid or FDCA is
an oxidized furan and an extremely steady composite. Due to its prospective of
being utilized such as an alternative to an extensive diversity of
petrochemicals for example terephthalic acid and adipic acid; thanks to
extensive research being carried out during the previous years.
The product was categorized by
the US Department of Energy such as one of 12 important chemicals for creating
the business of “green” chemistry of the upcoming period. Till date, it was not
ever commercialized in industrialized capacities because the procedure of
manufacture was not economically feasible.
The economic manufacture of
furandicarboxylic acid (FDCA) is likely to fetch a massive demand for bio
centered FDCA because it has the prospective to substitute a huge number of
petrol created chemicals and likewise bio centered intermediates for example
succinic acid and levulinic acid. The belongings of furandicarboxylic acid
bring about the grander end product and reduced by products. The company,
Avantium, in recent times, stated that it had developed the cost-effective
method for the manufacturing of furandicarboxylic acid (FDCA) using sugar. Yet,
the obtainability of raw material would be an important problem of worry during
the subsequent six years.
Drivers:
The increasing demand from the
market for carbonated soft drink is one of the principal features motivating the
development of the furandicarboxylic acid market. The subdivision of carbonated
soft drink is the biggest customer of bio centered PET and is likely to
preserve its supremacy during the upcoming years. In the nation-states of BRICS
group, bio centered PET is likely to be seriously accepted such as an important
packaging material. This will additionally generate the demand for bio centered
PET and help for the development of the market.
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