Furandicarboxylic Acid (FDCA) Market To Grow Enormously with Size Worth 498.2 Million By 2020 |Grand View Research, Inc.



The global furandicarboxylic acid (FDCA) market size was valued at USD 88.2 million in 2014 and is expected to grow with CAGR of 33.5% from 2015 to 2020. Furandicarboxylic acid or FDCA is an oxidized furan derivative and is a highly stable compound. Owing to its potential of being used as a substitute to a wide variety of petrochemicals such as adipic acid and terephthalic acid, there has been extensive R&D over the past decade.
The product was classified by the US Department of Energy as one of 12 priority chemicals for establishing the “green” chemistry industry of the future. Until today, it was never commercialized in industrial volumes as the production process was not economically viable. The key concern for economic production of FDCA is the instability of the intermediate needed for the production of FDCA - 5-hydroxymethylfurfural (HMF).
The synthesis of 2,5-Furandicarboxylic acid is much easier than the synthesis of HMF, where the main problems are the need for expensive catalysts, the need for high pressure, decomposition of HMF to levulinic and formic acid, separation of DMSO and toxicity of byproducts if DMSO if used as a solvent. FDCA currently supplied is used for the scientific purpose, and the supply is customized based on client requirement.
The estimated market potential for FDCA is expected to reach USD 498.2 million by 2020, according to a new study by Grand View Research, Inc. Avantium’s FDCA production facility is expected to come online by in 2016 - 17 with annual capacity reaching 50 kilo tons by 2017. FDCA is expected to have great potential as a replacement to other petroleum based chemicals such as adipic acid, terephthalic acid and bisphenol A. The addressable market for FDCA as of 2013 was in excess of 50 million tons with PET and PBT being the largest applications
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The market potential for FDCA is expected to reach 498.15 kilo tons by 2020, growing at a exponential CAGR of 367.0% from 2014 to 2020, owing to the projected commercial production of FDCA by Avantium in 2016 using bio feed stock. The market for FDCA in 2013 was 40 tons with production on order basis primarily for scientific applications.
Further Key findings from the study suggest:
·         Post commercialization, PET is expected to be the largest application segment for FDCA accounting for 64% of the global market in 2020. The growing demand for packaging material coupled with the need for bio based products is expected to greatly boost the demand for FDCA.
·         Polyamides are expected to be the second largest application segment in 2020 with a potential market for 80,000 tons. FDCA has the potential to replace adipic acid and its bio based alternative considering economic production by 2020.
·         A limited number of companies manufactured and supplied FDCA as of 2013 and primarily for scientific purpose. Avantium is expected to begin construction of its first commercial FDCA plant with 50 kilo ton capacity in 2015 and is expected to begin production by 2017.
·         Avantium has been a key participant inFDCA technology development, with partnerships and alliances with key application clients including The Coca-Cola Company, Danone, Teijin, Solvay and Rhodia.
Economic production of furandicarboxylic acid is expected lead to a huge demand for bio-based FDCA as it has the potential to replace a large number of petrol-based chemicals and also bio-based intermediates such as levulinic acid and succinic acid. The properties of FDCA result in the superior end product and lesser by products. Avantium recently announced it had developed an economic way to manufacture FDCA from sugar. However, the availability of raw material would be a key matter of concern over the next six years.
The mass production of FDCA has to be served by huge feedstock input which would make the raw material suppliers a key part of the market. Cargill is one of the largest suppliers of bio-based raw materials such as sugar. Avantium has collaborated with Cargill for the supply of starch-based feedstock to run their pilot plant.
The report is based on the market potential for FDCA over the next six years taking into account the economic production of FDCA by Avantium post commercialization in 2016. There can also be other potential producers, as several patents in the area of HMF, and FDCA synthesis was filed in the past few years. For example, the Wisconsin Alumni Research Foundation has developed a method for selective dehydration of carbohydrates to produce furan derivatives (mainly HMF) with high yields in a separation friendly solvent. Despite this and other patents available in this area, no other than Avantium published agreements on commercialization were done yet.
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FDCA is considered an important renewable feedstock in the production of polyesters and is expected to be a potential substitute for PTA owing to its low production cost and biodegradability. Relatively simpler conversion process of FDCA into plastics as compared to polyester production through PTA is expected to further positively impact its demand.
For the purpose of this study, Grand View Research has segmented the global FDCA market on the basis of application:
    • FDCA Potential Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
            • PET
            • Polyamides
            • Polycarbonates
            • Plasticizers
            • Polyester Polyols
            • Others
The potential application segments covered in the report include PET, polyamides, polycarbonates, plasticizers and polyester polyols. The use of FDCA in the production of PET is expected to have highest market potential by 2020, accounting for over 60% of global consumption. Since PET is used is food and packaging industry, there is key interest in the development of bio-based PET.
With the replacement of terephthalic acid by FDCA and by using of renewable EG, a 100% renewable polyester, such as 2,5-furandicarboxylate (PEF) can be used in film and bottle applications owing to its excellent barrier properties.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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