The new report by Expert Market Research titled, ‘Global Polyethylene Naphthalate (PEN) Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global polyethylene naphthalate (PEN) market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

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Market Overview (2015-2025)

• Historical Market Size (2019): USD 1.2 billion
• Forecast CAGR (2020-2025): 7%
• Forecast Market Size (2025): USD 1.8 billion

Due to a large number of manufacturers in the United States, the North American region is the second-largest consumer and producer of polyethylene naphthalate (PEN). The increase in disposable incomes has been driving the market for PEN, and the changing lifestyle of the people has a positive impact on the market. The recent advancements in production technology have enhanced the products, thus offering improved performance and longer shelf life. The increasing demand for high strength photographic films would boost the market growth in the forecast period due to its high performance.

Industry Definition and Major Segments

Polyethylene naphthalate (PEN) is a polyester derived from naphthalene-2,6-dicarboxylic acid and ethylene glycol. It has superior temperature resistant property. Due to the improved UV resistance barrier properties, they have emerged as a key component in food packaging applications. They also act as a raw material in the production of pressure-sensitive tapes and thermal sheets.

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On the basis of product type, the market is divided into:

• Film
• Fibre
• Resin

By application, the market is divided into:

• Beverage Bottles
• Food Packaging
• Electronic Goods
• Rubber Tyres
• Textiles
• Others

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

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Market Trends

The food packaging segment would be leading the market in the mentioned forecast period due to the increasing demand for polyethylene naphthalate owing to its higher shrinkage resistance, dimensional stability, superior barrier properties, and high-temperature stability. The increasing consumption of carbonated beverages across the globe would be a positive factor in the growth of the PEN market owing to its easy availability and rapid urbanisation. The emergence of new end-use industries such as automobiles and electronics would have a positive impact on the market in the upcoming period. The increasing availability of a large number of monomers would provide a range of opportunities to the manufacturers in the forecast period.

Key Market Players

The major players in the market are Dupont Teijin Films U.S. Limited, SASA Polyester Sanayi A.Ş., Teijin Limited, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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