Expanding food & beverage sector to drive Polyethylene Naphthalate Market trends
Rapidly shifting consumer preference towards ready-to-eat meals amidst hectic schedules is likely to drive global polyethylene naphthalate market outlook. The rising demand for frozen and processed foods and carbonated soft drinks, from major economies like China, India and the U.S. is expected to bolster the demand for PEN. It is a raisin that is extensively utilized in the production of films that are used for packaging purposes, automotive tires and electronics items.Escalating urbanization rate has led to major lifestyle changes. Consumers are inclined towards ready to eat food, which has resulted in mounting demand for convenience foods. Polyethylene naphthalate products that are commonly used for packaging in the F&B sector, which is poised to experience robust demand with the expanding population base worldwide.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3068
Polyethylene naphthalate raisin acts as a superior oxygen, water vapor and moisture barrier and also offers excellent UV resistance. Increasing fast food consumption across developed as well as developing countries, along with expanding food retail sector across the globe may foster polyethylene naphthalate market size in the coming years.
Global polyethylene naphthalate market size is forecast to cross the USD 1.8 billion mark by 2024. PEN films provide low heat shrinkage, optical clarity, high gloss and excellent UV rays protection. These products also provide relative high glass transition temperature (120°C) and melting point, which makes them highly suitable for applications demanding sterilization at maximum temperatures.
Optical displays, electrical insulation, flexible printed circuits, laminates, processing films and labels for semiconductors are some of the key electronics and electrical applications of the product. From electronics applications, polyethylene naphthalate market is forecast to garner revenue of over USD 300 million by 2024.
Polyethylene naphthalate products are extensively utilized in tire manufacturing and they are well-suited for high-end luxury Vehicles. They offer excellent toughness to tires and aid in noise reduction. Films made out of these products are also used to produce light weight components for trucks and light motor vehicles, which further enhances fuel efficiency and reduction in carbon emissions.
From automotive tire applications, polyethylene naphthalate market is expected to showcase growth rate of more than 7.5% over the analysis period. Stringent regulations imposed by the EPA regarding fuel efficiency has prompted various automotive manufacturers to incorporate light weight products in vehicles, stimulating PEN adoption.
Request for customization @ https://www.gminsights.com/roc/3068
APAC polyethylene naphthalate market from beverage bottling applications is projected to register gains of more than USD 190 million over the analysis period. The product provides excellent barrier properties, robustness, flexibility, oxidation resistance, durability, and great compatibility with various chemicals. All these product benefits make it well-suited for application in bottle packaging.
There is higher consumer demand for alcoholic and functional beverages, on account of burgeoning youth population as well as rising affordability of these beverages, across the APAC countries. Asia Pacific will undoubtedly emerge as a key target area for PEN manufacturers.
Global polyethylene naphthalate market share is competitive and substantially consolidated with key participants including Toray, Teijin, Dupont, Toray, EPC, Polyonics, Seiwa Inc., DuraFiber Technologies, Inc., among others. These industry players are increasingly involved in forming collaborations, joint ventures and partnerships for enhancing product portfolio and expanding global reach.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Expanding food & beverage sector to drive Polyethylene Naphthalate Market trends here
News-ID: 2292815 • Views: …
More Releases from global market insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Polyethylene
GLOBAL POLYETHYLENE PIPES MARKET | KEY PLAYERS POLYETHYLENE (HDPE), LOW DENSITY …
Data Bridge market Research has released a new report on Global Polyethylene Pipes Market which incorporates a thorough assessment of overall Global Polyethylene Pipes Market The report provides a detailed competitive analysis which includes the profiles of key market players and organizations and their working strategies. The report consists of essential data and information about the concerned Global Polyethylene Pipes Market. For better understanding complex Global Polyethylene Pipes Market data…
Peelable and Resealable Films Market material type Polyethylene terephthalate (P …
High-end Packaging Convenience Propelling the Peelable and Resealable Films Market
Keeping perishable goods fresh for an extended period of duration is one of the prime concerns across all major industries. The search for sustainable and user-friendly packing options for the last few decades in the packaging industry have led to a wide range of peelable and resealable film packages. Most of the packages primarily include adhesive tapes and zips. In the…
Bulk Liquid Containers Market is Segmented By material Type - Plastic (Polyvinyl …
Global Bulk Liquid Containers Market - Overview:
Bulk liquid containers is an industrial grade container mounted on a pallet which is used for the storage and transportation of bulk liquid. Bulk liquid containers also known as tote, are capable of stacking and are moved by using a pallet jack or forklift. Bulk liquid containers can be classified into rigid bulk liquid containers and flexible bulk liquid containers. Rigid Bulk liquid containers…
Bulk Liquid Containers Market is Segmented By material Type - Plastic (Polyvinyl …
Global Bulk Liquid Containers Market - Overview:
Bulk liquid containers is an industrial grade container mounted on a pallet which is used for the storage and transportation of bulk liquid. Bulk liquid containers also known as tote, are capable of stacking and are moved by using a pallet jack or forklift. Bulk liquid containers can be classified into rigid bulk liquid containers and flexible bulk liquid containers. Rigid Bulk liquid containers…
Cross-linked Polyethylene Market
Polyethylene are low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic.
Download PDF Brochure : www.coherentmarketinsights.com/insight/request-pdf/329
Plumbing was the largest application segment in the global cross linked polyethylene market in 2016 and is expected to retain its dominance throughout the forecast period. Conventionally used plumbing materials such…
Global Plastic Waste to Oil Market: By Types - Polyethylene, Polyethylene Tereph …
Researchmoz added Most up-to-date research on "Global Plastic Waste to Oil Market: By Types - Polyethylene, Polyethylene Terephthalate, Polystyrene & Polyvinyl Chloride" to its huge collection of research reports.
This report studies Plastic Waste to Oil in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on…