Biomass Furan Dicarboxylic Acid (FDCA) Market Size, Share, Growth, and Industry Analysis, By Type (5-HMF, Furfural, Hexaric Acid), By Application (PEF, Other) and Regional Forecast to 2033

BIOMASS FURAN DICARBOXYLIC ACID (FDCA) MARKET REPORT OVERVIEW

The global Biomass Furan Dicarboxylic Acid (FDCA) Market stood at USD 0.14 billion in 2024 and is expected to rise to USD 0.23 billion in 2025, maintaining a strong growth forecast to reach USD 8.68 billion by 2033, with a CAGR of 57.7% from 2025 to 2033.

The furan dicarboxylic acid is used for making bio-based polymers which is an alternative to polyethylene terephthalate (PET). Biomass is an organic marterial which is renewable and can be produced by the animals and plants. Notably, FDCA can be produced from an array of biorenewable resources using catalytic material.

Due to its sustainable and renewable properties, the demand for bio-sourced PEF is growing in the packaging industry as a result it is helping the furandicarboxylic acid market growth in the future. This market has gained commercial interest globally as the bio-based material used for the production of bioplastics.

COVID-19 Impact

"Market Growth Hampered by Pandemic due to Supply Chain Disruption"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In the COVID-19 pandemic, this market has affected by many reasons such as disruption of supply chain and operation. The supply chain, procurement of raw material, transportation, and others are majorly affected which impede the market growth. In the period of pandemic, the market players changed their service and production methods. However, the company kept their business going on by adopting safety protocols and guidelines directed by the governments. The company kept only its critical plant and laboratory operations running. In the future, the targeted market will witness strong growth owing to the increasing demand for furandicarboxylic acid in bio-based plastic application.

LATEST TRENDS

The growth of FDCA is the increasing focus on dropping carbon emissions and achieving a sustainable future is the latest trend. These factors have prompted various industries including packaging, automotive, and electronics, to shift towards FDCA-based materials.

BIOMASS FURAN DICARBOXYLIC ACID (FDCA) MARKET SEGMENTATION

By Type

Based on type the market can be categorized into 5-HMF, Furfural, Hexaric Acid

• 5-HMF: It is primarily used in the food industry in the form of a food additive as a biomarker as well as a flavoring agent for food products.

• Furfural: Furfural is a chemical compound produced by biomass rich in pentoses content in the hemicelluloses as raw material. Furfural is used for production of inks, plastics, antacids, fertilizers, and flavoring compounds.

• Hexaric Acid: Hexaric acids are sugar acids that can be produced from biomass. Its applications are medicines, chelating agents and corrosion inhibitors, and cross-linkers in hydrogels.

By Application

Based on application the market can be categorized into PEF, others

• PEF: It is a renewable alternative to terephthalic acid, along with the use of renewable ethylene glycol that enables the production of 100% renewable polyster. It finds application in film and bottle manufacturing due to its exceptional barrier properties.

• Other: The other application segments are PET segment, polyamide segment, and FDCA esters. The usage of PET in the food and packaging industry.

DRIVING FACTORS

"Increasing Demand for PEF Application Increases the Market Extremely"

It is one of the key driving factors for the Biomass Furan Dicarboxylic Acid (FDCA) Market Growth due to increasing demand for the PEF application widely. FDCA has been the key element in the production of bio-based polymer polyethylene furanoate (PEF). PEF is becoming a popular choice in the packaging industry, owing to its superior renewable properties, which ultimately drive the demand for FDCA. The PEF application is mainly used in various types of bottle packaging as it provides good barrier properties.

"Rising Concern Regarding Conventional Plastics Encourages the Market Growth"

The growth of FDCA is fueled by the firm regulations incorporated by governments regarding the increasing concern of fossil-based plastic use. Conventional plastics have been a main issue when it comes to recyclability and their harmful effect on nature. The law was integrated to reduce the use of plastic and tackle plastic wastes. Manufacturers and various industries are looking for a suitable alternative to conventional plastic and reduce plastic wastes. This is where FDCA is found helpful as it helps in developing bio-sourced plastics. The bio-PEF and PET are implemented extensively in the plastic industry as it allows the packaging companies to attain their sustainability goals. The harmful effects caused by the traditional plastic and government regulation stimulate higher use of bioplastics like PEF and PET, ultimately helping the market to excel in the future.

RESTRAINING FACTOR

"High Production Cost Restrict the Market Growth"

The restraining factor is that FDCA involves a costly production process which is a key challenge in the market. FDCA is to manufacture bioplastics such as PEF, PET produced from fossil fuel. HMF which is an intermediate product of the acid dehydration of sugars, it is used as a predecessor for the production of FDCA. However, the final product of FDCA from HMF makes the production process costly.

BIOMASS FURAN DICARBOXYLIC ACID (FDCA) MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Europe Dominates the Market due to Rising Focus on Sustainability"

The Europe region is dominating the Biomass Furan Dicarboxylic Acid (FDCA) Market Share due to stringent environmental regulations and increased focus on sustainability in the region. Due to the advanced technology and favorable government regulations promoting bio-based products are making the European region a dominating market. North America and Asia Pacific are also witnessing substantial growth in the FDCA market, driven by the expanding packaging and automotive industries in these regions.

KEY INDUSTRY PLAYERS

Major companies are focusing on investment in the R&D activities to produce innovative products. Some techniques used by the industry players are such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and staying ahead in the market.

List of Market Players Profiled

• Avantium(Netherlands)
• Novamont (Italy)
• Stora Enso (Finland)
• Origin Materials (U.S.)
• AVA Biochem (Switzerland)
• Zhejiang Sugar Energy (China)
• GS Biotech (China)
• CellUranics (China)
• Puyang Baiaomaisi (U.S.)
• LeafBiotech (China)

INDUSTRIAL DEVELOPMENT

April 2021: A press released by Avantum Holding NV that the company has produced 100% bio-PEF with the help of its furandicarboylic acid.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global biomass furan dicarboxylic acid (FDCA) market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.