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Polyethylene Furanoate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24428
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Polyethylene Furanoate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Polyethylene Furanoate | Chemical | USA | 7,463 USD/MT |
The price of polyethylene furanoate in the USA for Q4 of 2023 reached 7,463 USD/MT in December. The market showed a downward price trend on account of a significant gap between supply and demand. Excessive inventory pressure was faced in the country, which led suppliers to discount prices to move their products. In addition, suppliers were forced to lower their prices to promote product movement and reduce inventory levels.
Polyethylene Furanoate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyethylene Furanoate Pricing Report 20242024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyethylene furanoate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of polyethylene furanoate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyethylene furanoate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyethylene furanoate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyethylene Furanoate Market Analysis
The global polyethylene furanoate market size reached US$ 33.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 55.8 Million, at a projected CAGR of 5.67% during 2023-2032.
- The polyethylene furanoate (PEF) demand is propelled by its ability to reduce the non-renewable energy use (NREU) and greenhouse gas (GHG) emissions as compared to polyethylene terephthalate (PET). It is made from renewable resources, which makes it eco-friendlier as compared to petroleum-based plastics. The production process of PEF is more resource efficient as it uses less water and energy.
- PEF is also becoming increasingly popular for manufacturing bottles. There is a rise in the utilization of bottles for storing water, juices, mojitos, soft drinks, and alcoholic beverages. People are purchasing ready-to-drink (RTD) beverages due to their changing lifestyles. PEF offers excellent barrier properties against gases. It is also used for food packaging materials to extend their shelf life by protecting against oxygen and carbon dioxide. In addition, PEF is used in packaging films for food products to provide enhanced preservation and reduced spoilage. Furthermore, the increasing awareness among individuals about plastic pollution is catalyzing the demand for more sustainable alternatives. People are preferring eco-friendly and sustainable products that aid in maintaining environmental sustainability.
- The market share of polyethylene furanoate is further being reinforced by technological advancements in the production of bio-based plastics. These innovations benefit in making PEF more cost-effective and accessible to a wider range of consumers.
- PEF production is showing an upward trajectory as a result of its growing employment in automotive interior components due to its high strength and thermal stability. PEF fibers are used in automotive upholstery and seat covers to provide a sustainable alternative to conventional materials. PEF is suitable for automotive carpets and floor mats as it offers durability and ease of cleaning. The rising focus on enhancing the interior appeal and comfort of vehicles is supporting the market growth. Furthermore, the increasing adoption of vehicles because of rapid urbanization is contributing to the market growth. As per the research report of S&P Global, approximately 88.3 million new vehicles are expected to be sold worldwide by 2024.
Polyethylene Furanoate News
The report covers the latest developments, updates, and trends impacting the global polyethylene furanoate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyethylene furanoate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyethylene furanoate price trend.
Latest developments in the polyethylene furanoate industry:
- In 21 February 2023, Origin Materials, Inc. and Avantium N.V. announced a partnership to accelerate the mass production of FDCA and PEF for use in advanced chemicals and plastics.
Product Description
Polyethylene furanoate (PEF) is a popular bio-based polymer that can replace oil-based polymers. It is manufactured from renewable plant sugars. It is renewable, non-toxic, and recyclable, and has similar properties to traditional plastics. It has a better gas barrier as compared to polyethylene terephthalate (PET). It withstands higher temperatures and has a higher glass transition temperature, modulus, and melting point. It offers a superior oxygen barrier and good mechanical properties. Its tensile strength exceeds PET while rigidity is similar, making it suitable for producing thinner and material-saving bottles.
In addition, PEF permits greater lightweighting and superior thermal stability without heat setting. It assists in extending the shelf life of perishable products. It is also a preferred choice for labels and designs on account of its better printing properties.
Regional Coverage
The report provides a detailed analysis of the polyethylene furanoate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyethylene furanoate price trend.
Global Polyethylene Furanoate Price
The report offers a holistic view of the global polyethylene furanoate pricing trends in the form of polyethylene furanoate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyethylene furanoate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyethylene furanoate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Polyethylene Furanoate Price
The European PEF market faced several challenges, which led to a downward trend in prices. The reduction in upstream costs played a significant role in driving down the price of PEF during this period. Moreover, the price of PEF continued to decrease in the fourth quarter, reflecting the overall market trend. Besides this, industrial activities in Europe were low, contributing to the reduced demand and lower prices for PEF.
This analysis can be extended to include detailed polyethylene furanoate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyethylene Furanoate Price
The analysis of PEF prices in the North American region showed a downward trend. A significant gap between supply and demand was a primary factor contributing to the weak performance of the PEF. The market faced excessive inventory pressure, leading suppliers to discount prices to move their products. In addition, to promote product movement and reduce inventory levels, suppliers were compelled to decrease their prices.
Specific polyethylene furanoate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Polyethylene Furanoate Price
The report explores the polyethylene furanoate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyethylene furanoate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyethylene Furanoate Price
PEF pricing trends in the Asia Pacific region witnessed a downward pattern. International demands for PEF saw a significant decline due to emerging shipping issues in the Red Sea, which created a ripple effect in the supply chain and prompted price drops in both the Indian and Chinese markets.
This polyethylene furanoate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyethylene Furanoate Price
The analysis of polyethylene furanoate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Polyethylene Furanoate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polyethylene Furanoate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyethylene furanoate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyethylene furanoate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyethylene furanoate price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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