Global Polyethylene Naphthalate Market 2017-2021

Overview of the global polyethylene naphthalate market

Technavio's market research report identifies that the increasing demand for polyethylene naphthalate from the packaging industry will be one of the primary growth drivers for the global polyethylene naphthalate market till 2021. Polyethylene naphthalate (PEN) is widely used in flexible food packaging because it is suitable for bottling beverages that are vulnerable to oxidation such as carbonated drinks, beer, and wine. It aids in longer shelf life as it can survive numerous high-temperature washes. It also provides superior durability, which is necessary for numerous refilling cycles. With the rising demand for beverages such as wine, carbonated drinks, non-carbonated drinks, and beer and dairy products such as milk yogurt, buttermilk, and condensed milk, the rigid packaging industry is witnessing significant growth. This in turn, will boost the demand for PEN from the rigid packaging industry, fueling market growth. Technavio's market research analysts predict that this market will grow at a CAGR of more than 8% by 2021.

One of the key trends that will drive the growth prospects for the global polyethylene naphthalate market during the projected period is the rising application of polyethylene naphthalate in solar cell protection. PEN is used as a substrate for new solar cells. It is highly suitable for the formation of superstrates due to its transparency. Moreover, it also enhances the performance of the products due to its good optical and suitable surface features and good electrical properties.

Competitive landscape and key vendors

The polyethylene naphthalate market is characterized by the presence of few major players. The international vendors are trying to differentiate their products in terms of feature, price, service, and performance. This will help them gain a competitive edge among other vendors. The major vendors are forming strategic alliances with end-users and supply final products to their end-users through various distribution channels.

Key vendors in this market are -

• Dupont Teijin Films
• Polyonics
• SKC
• Sumitomo Chemical
• TORAY INDUSTRIES

Other prominent vendors in the market include 3M, BP, CBC, DFT DuraFiber Technologies, FE Thin Films, GTS Flexible, KOLON PLASTICS, PPI Adhesive Products, SASA, Shell Chemical, SMP Corporation, Thermo Fisher Scientific, and Teraoka Seisakusho.

Segmentation by application and analysis of the polyethylene naphthalate market

• Premium automotive tires
• Electronics
• Packaging
• Beverage bottling

The packaging industry extensively consumes PEN due to its anti-scalping properties, which makes the packaging safe for food-contact applications. The demand for PEN is increasing due to the rapid urbanization and changing food habits. The adoption of processed foods and the rise in health awareness is driving the growth of the food packaging industry. This in turn, will boost the demand for PEN in the forthcoming years.

Segmentation by geography and analysis of the polyethylene naphthalate market

• Americas
• APAC
• Europe
• MEA

The demand for PEN is high in major segments of APAC such as the manufacturing and consumer goods because it facilitates better performance of the end-products. The market for polyethylene naphthalate will continue to grow during the estimated period due to the rising demand for electronics, packaging, premium automotive tires, and beverage bottling industries. PEN is also used in various applications such as thermal polythene sheet, marine, and in pressure sensitive adhesive tapes.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global polyethylene naphthalate market?
• What are the key market trends impacting the growth of the global polyethylene naphthalate market?
• What are the challenges to market growth?
• Who are the key vendors in the global polyethylene naphthalate market?
• What are the market opportunities and threats faced by the vendors in the global polyethylene naphthalate market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global polyethylene naphthalate market?

Technavio also offers customization on reports based on specific client requirement.

Polyethylene naphthalate is a new generation polyester polymer with the property of heat resistance and improved dimensional stability. This upcoming research report on the global polyethylene naphthalate market looks at the recent trends and developments in the specialty chemicals sector and also offers clients a holistic overview of the chemicals and materials industry. Apart from this report, Technavio also offers a vast collection of research reports on the chemicals and materials industry by compiling information and insights and taking into account the total market size, complete competitive landscaping, and recent trends and developments.

Research analysts at Technavio gather immense data and information using primary and secondary research and process those using complex statistical models to present an accurate analysis of the market landscape. Research analysts at Technavio also utilize literature review, case studies, empirical study, and secondary analysis to help the clients understand evolving needs of the end users in the chemicals and materials industry and anticipate potential demand-supply shifts.

The upcoming report on the global polyethylene naphthalate market also discusses the growth prospects of the market in each of the geographic segment by covering regions such as North America, APAC, Europe, and ROW. The report also provides detailed information on the fastest growing market, major challenges, and opportunities persisting in each geographic region. The market report also covers vendors like Teijin Dupont Films, Sumitomo Chemical, Toray, SKC, POLYONICS, Seiwa Inc, SASA Polyester Sanayi, DuraFiber Technologies Inc, PPI Adhesive Products, and CBC Co. Our analysts have predicted that the polyethylene naphthalate market might experience growth due to the growing demand from the packaging industry.

The upcoming research report on the global polyethylene naphthalate market also includes key drivers, technological advancements, emerging trends, market share analysis, and changing market dynamics. The report also provides up-to-date information on the market to help the client gain a competitive advantage. The report also covers related sectors from the chemicals and materials industry such as metals and minerals, plastics, polymers, and elastomers, and bio-chemicals and bio-materials.

Our market research methodology for the global polyethylene naphthalate market

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