Get the latest insights on price movement and trends analysis of Polyethylene Furanoate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Polyethylene Furanoate Price Trends for the First Half of 2023
In the Asia-Pacific countries, the prices of polyethylene furanoate enjoyed a high number of orders from international buyers, supporting the rates of exports in the first quarter of 2023. The demand from the downstream industries, high operational costs, and positive momentum of the packaging sector also supported the rise in the prices of polyethylene furanoate.
The market was also benefitted by the rising cost of raw materials but only till the first half of the second quarter. The latter half of the second quarter suffered from low support from crude oil costs, weak demand, and a declining raw materials sector.
The European market for polyethylene furanoate was adversely affected by the decline in the sales of bottles and beverages industries as the purchasing potential of buyers fell consistently.
The prices of polyethylene furanoate were also affected by the declining costs of crude oils, the struggling economy, low-cost support from the feedstock markets, and negligible restocking by traders. The performance of the upstream industries also remained in the negative zone during the first two quarters of 2023, eventually causing the price trends of polyethylene furanoate to decline.
In North America, a high supply of polyethylene furanoate hampered its prices as the demand from the end-user sector was weak throughout the first two quarters of 2023. In addition to this, the labor crisis and rising cost of transportation and production further proved to be a challenge for the market activities. The consumers also showcased feeble consumption rates, and thus, with low demand, striking rates of inflation, and interest, pushed the prices of polyethylene furanoate towards a downward trajectory.
According to Procurement Resource, the price trends of Polyethylene Furanoate is expected to face southwards as the low cost of crude oil and pressure of no demand are estimated to affect the market sentiments of polyethylene furanoate negatively.
Procurement Resource provides latest prices of Polyethylene Furanoate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Polyethylene Furanoate (PEF) is a semi-aromatic biodegradable thermoplastic polyester. It has high tensile strength, excellent heat resistance, is lightweight and can easily be moulded and thermoformed. Its superior properties make it an excellent alternative to PET ( Polyethylene terephthalate). Being an efficient biopolymer, it helps reduce the carbon footprint and also, and 2,5-furandicarboxylic acid (FDCA) can be derived from renewable feedstock C6 sugars.
|Product Name||Polyethylene Furanoate|
|Industrial Uses||Polymers/Plastics, Food and Beverage Containers, Pharmaceuticals, Industrial Fibres, Fabrics|
|Synonyms||Polyethylene 2,5-furandicarboxylate, PEF|
|Supplier Database||Avantium Technologies B.V., Danone S.A., Toyobo Co., Ltd., Alpla|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
PEF is produced by the polymerization of 2,5-furandicarboxylic acid (FDCA) and monoethylene glycol. The feedstocks are initially fed into the system, which turns them into a feed slurry. From there, it is transported to the reactors, where the esterification occurs in the presence of antimony gluconate as a catalyst. Then, vacuum and heat are applied to remove water and monoethylene glycol for polymerization to give the desired PEF.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.