Analysis of Potential Impact of COVID-19 on 2,5-Furandicarboxylic Acid (FDCA) Market
The global 2,5-furandicarboxylic acid market was valued at around US$ 300.0 Mn in 2016 and is anticipated to expand at a CAGR of over 8.2% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled ‘2,5-Furandicarboxylic Acid (FDCA) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.’ Expansion of the global 2,5-furandicarboxylic acid market is driven by rise in demand from the carbonated soft drink industry and legislative support. The 2,5-furandicarboxylic acid market in Asia Pacific is expected to expand at a CAGR of over 9.0% during the forecast period. Favorable government regulations, development and expansion of new plants by global manufacturers, and increased demand for biobased packaging are likely to propel the 2,5-furandicarboxylic acid market in the region.
oid-ido.org
Jan 03, 2021