Polyethylene Furanoate (PEF) Market Industry Trends and Forecast to 2034
Polyethylene Furanoate (PEF) is a bio-based polymer derived from renewable resources such as plant-based sugars. It is often compared to PET due to its similar applications, but PEF offers several superior properties, including better barrier properties for oxygen, carbon dioxide, and water, making it an excellent choice for packaging materials, especially in the food and beverage industry.
The Polyethylene Furanoate (PEF) market is projected to increase at a compound annual growth rate (CAGR) of 7.5% between 2024 and 2034, when it is anticipated to reach USD 84.75 million, based on average growth patterns. The market is expected to be valued USD 35.68 million in 2024.
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