The global Polyethylene Naphthalate (PEN) Market size is expected to value at USD 1.40 billion by 2022. The market is subject to witness a substantial growth due to the rising demand for the product in electrical and electronic industry, and increasing adoption in the beverage bottling industry. Polyethylene naphthalate (PEN) is also adopted in various packaging solutions in order to improve thermal and barrier properties.
Use of polyethylene naphthalate (PEN) enhances corrosion resistance by limiting oxidation. These factors are anticipated to fuel market demand for polyethylene naphthalate (PEN) over the forecast period. Growing demand for high strength photographic films is expected to fuel market growth over the forecast period. Globally, the polyethylene naphthalate industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
In-Depth research report on Polyethylene Naphthalate (PEN) market:
Polyethylene naphthalate films are primary component of various food packaging solution due to their higher stiffness modulus and enhanced barrier capabilities. Higher stiffness helps to enhance the strength of the material. In addition, increasing adoption of polyethylene naphthalate films for manufacturing of pressure sensitive tapes and thermal sheets is predicted to stimulate the growth of polyethylene naphthalate (PEN) market over the forecast period. Polyethylene naphthalate films are considered as vital in solar cell protection. Thus, polyethylene naphthalate (PEN) industry is characterized by the forward-end incorporation of raw material providers in the production of polyethylene naphthalate.
Integration of raw material suppliers in the value chain coupled with lower manufacturing cost are some of key contributing factor for market expansion, in the recent years. However, volatility in cost of raw materials owing to the tight supply of 2, 6-NDC feedstock is primary concern for the sustained growth of polyethylene naphthalate market, in the last few years. Moreover, higher production cost and production complexity are expected to limit market growth to a certain extent. Complexity involved during production phases are affecting capacity contractions, thus resulting in reduced margins for suppliers and manufacturers. Yet, the recent advancement such as introduction of the low-cost monomers for production is expected to change market outlook over the coming years.
The polyethylene naphthalate (PEN) industry is broadly categorized into four major segments based on the application type such as beverage bottling, electronics industry, packaging sector, and rubber tires. The packaging sector is considered as one of the fastest growing segment in the market of polyethylene naphthalate (PEN) with substantial revenue generation in the last few years. Growing popularity of polyethylene naphthalate (PEN) in the packaging segment is attributed to its enhanced properties such as higher shrinkage resistance, dimensional stability, superior barrier properties and high-temperature stability. The electronics segment has also witnessed substantial growth due to the growing need for enhanced thermal and barrier properties for production of semiconductors, PCB’s and super capacitors.
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The polyethylene naphthalate (PEN) market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in packaging industry, increasing demand for high performance rubber tires in automobile sector, presence of large number of manufacturers in the region, and existence of well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold major market share in the polyethylene naphthalate (PEN) with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid growth of automobile and packaging industry, growing electronic manufacturing, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the polyethylene naphthalate (PEN) industry are DuPont Teijin Films Ltd., Toray Monofilament Co., Ltd., Sumitomo Chemical Co., Ltd., DuraFiber Technologies, Inc., SKC Inc., SASA Polyester Sanayi A.S, E. I. du Pont de Nemours and Company, and Seiwa Inc.
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The Polyethylene Naphthalate (PEN) report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/68867/global-polyethylene-naphthalate-2021-663Segment by Type:PEN Film GradePEN Fiber GradePEN Resin GradeSegment by Application:Electric and ElectronicTextilesPackagingOtherBy Company:DowDuPontSKCSumitomo ChemicalPolyonics3MKolon PlasticsSASAPerformance FibersToray IndustriesProduction by Region:JapanConsumption by Region:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/68867/global-polyethylene-naphthalate-2021-663CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
Report on World Polyethylene Naphthalate (PEN) Market by Product Type, Market, Players and Regions-Forecast to 2025 by DecisionDatabases.comPolyethylene Naphthalate (PEN) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/48346-world-polyethylene-naphthalate-pen-market-reportThe Players mentioned in our reportDuPontDuraFiber TechnologiesSKC IncSASA Polyester Sanayi A.SSumitomo ChemicalTeijin DuPont FilmsToray MonofilamentSeiwa Inc.Global Polyethylene Naphthalate (PEN) Market: Application Segment AnalysisBeverage BottlingElectronicsPackagingRubber TiresOthersGlobal Polyethylene Naphthalate (PEN) Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaDownload Free Sample Report of World Polyethylene Naphthalate (PEN) Market @ https://www.decisiondatabases.com/contact/download-sample-48346There are 10 Chapters to deeply display the World Polyethylene Naphthalate (PEN) Market.Chapter 1 About the Polyethylene Naphthalate (PEN) IndustryChapter 2 World Market Competition LandscapeChapter 3 World Polyethylene Naphthalate (PEN) Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Polyethylene Naphthalate (PEN) Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Polyethylene Naphthalate (PEN) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-48346Other Reports by DecisionDatabases.com:World Polyethylene glycol (PEG) Market Research Report 2025World Silicone Crosslinked Polyethylene Market Research Report 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The global Polyethylene Naphthalate (PEN) Market size is expected to value at USD 1.40 billion by 2022.
Polyethylene naphthalate (PEN) is also adopted in various packaging solutions in order to improve thermal and barrier properties.Use of polyethylene naphthalate (PEN) enhances corrosion resistance by limiting oxidation.
These factors are anticipated to fuel market demand for polyethylene naphthalate (PEN) over the forecast period.
In addition, increasing adoption of polyethylene naphthalate films for manufacturing of pressure sensitive tapes and thermal sheets is predicted to stimulate the growth of polyethylene naphthalate (PEN) market over the forecast period.
Thus, polyethylene naphthalate (PEN) industry is characterized by the forward-end incorporation of raw material providers in the production of polyethylene naphthalate.Access Sample Report of this report @ https://www.millioninsights.com/industry-reports/polyethylene-naphthalate-pen-market/request-sampleIntegration of raw material suppliers in the value chain coupled with lower manufacturing cost are some of key contributing factor for market expansion, in the recent years.
However, volatility in cost of raw materials owing to the tight supply of 2, 6-NDC feedstock is primary concern for the sustained growth of polyethylene naphthalate market, in the last few years.
