Polyethylene Naphthalate (PEN) Market Report

Market Insights

The global polyethylene naphthalate (PEN) market is expected to grow from USD 1.16 billion in 2022 to USD 1.87 billion by 2028, at a CAGR of 8.04% during the forecast period. Surge in demand for packaged food & beverages owing to changing lifestyle, hectic schedules, and increasing disposable incomes may boost the market growth. The growth in demand for frozen and processed foods along with carbonated soft drinks, especially in China, India and the U.S. is expected to drive the market for polyethylene naphthalate during the forecast period.

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Segments' Analysis

Polyethylene Naphthalate Market Share: By Application Type

Based on the application type, the polyethylene naphthalate market is segmented as beverage bottling, packaging, electronics, and automotive Tires. The packaging segment is expected to witness significant growth rate in the market during the forecast period owing to the popularity of PEN in food packaging as they have strong barrier qualities and are less permeable to water vapor and oxygen. They also decrease the effects of oxidation in containers, making them perfect for food preservation. In addition, the product minimizes the number of needed layers, allowing package structure to be simplified while also lowering overall packaging costs.

Polyethylene Naphthalate Market Share: By Region

In terms of regions, North America is estimated to be the leading region in the polyethylene naphthalate market during the forecast period. The growth of the region is supported by the material providing superior resistance to UV rays, high mechanical properties and strength along with enhanced oxygen and moisture barrier properties. Furthermore, improved mechanical properties, lightweight and lower production cycle times are expected to give a facelift to the market growth.

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Market Scope & Segmentation

Polyethylene naphthalate are polyesters made from polycondensation of ethylene glycol and naphthalene-2,6-dicarboxylic acid. These are made via an ester or acid method and are utilized in a variety of applications, including packaging and electronics.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The global polyethylene naphthalate (PEN) market is segmented into the following categories:

PEN Market Size, Share, & Forecast, by Application Type:

• Beverage Bottling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive Tires (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

PEN Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the global polyethylene naphthalate (PEN) market are-

• Dupont Teijin Films
• Sumitomo Chemical Co., Ltd.
• The EPC Group
• Toray Industries, Inc.
• SKC
• DuraFiber Technologies, Inc.
• Seiwa Inc.
• SASA Polyester Sanayi A.?.
• Polyonics, Inc.
• Kolon Plastics, Inc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by region.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.