wanhua(SH:600309) Chan Ye Xin Xi Wang·2026-02-10 01:30Overview - Furan-2,5-dicarboxylic acid (FDCA) is recognized as a significant bio-based platform compound, with potential to replace petroleum-based products, particularly in the production of high-performance polymers and chemicals [2][11] - The global FDCA market is projected to grow from $13.8 million in 2022 to $160.32 million by 2025, indicating a strong upward trend in demand [11][12] Industry Development - The FDCA industry in China has evolved through four stages: technical exploration, pilot breakthroughs, industrialization initiation, and scale expansion, with significant projects launched since 2022 [6][10] - The market is currently dominated by European and Chinese companies, with a notable increase in R&D investments in bio-based FDCA [11][12] Market Structure - The FDCA supply chain includes upstream suppliers of raw materials like corn and sugarcane, midstream FDCA production companies, and downstream application markets [8] - The primary application of FDCA is in producing polyethylene furanoate (PEF), which is expected to account for over 90% of demand by 2024, showcasing its advantages over traditional PET materials [10][11] Competitive Landscape - The FDCA market is characterized by high concentration, with the top five companies expected to hold over 90% market share by 2024 [13][14] - Companies like Wanhua Chemical and Hefei Leaf Biotech are actively pursuing technological advancements and production capacity expansions in the FDCA sector [13][14] Future Trends - The FDCA industry is anticipated to focus on technological breakthroughs and optimization of existing production processes, with an emphasis on green and low-carbon production methods [16][18] - The application scope of FDCA is expected to broaden, particularly in green packaging and high-performance engineering plastics, driven by increasing market demand and supportive policies [17][18]