openPR Logo
Press release

Expanding food & beverage sector to drive Polyethylene Naphthalate Market trends

05-28-2021 08:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Polyethylene Naphthalate Market

Polyethylene Naphthalate Market

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 @

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 @

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.
Toll Free: 1-888-689-0688

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:

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: 347

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

All 5 Releases

More Releases for Polyethylene

Global Polyethylene Regional Outlook 2019
Summary Polyethylene Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. The Report provide in-depth analysis and the best research material of the various market. This new report on the Global Polyethylene Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts. The Global
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 : 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
Polyethylene Glycols Market Overview Till 2018-2023
Future Market Reports on Global Polyethylene Glycols 2018 Research Report presents a professional and complete analysis of Global Polyethylene Glycols Market on the current market situation. The Global Polyethylene Glycols Market 2018 report includes Polyethylene Glycols market Revenue, market Share, Polyethylene Glycols industry volume, market Trends, Growth aspects. It analyses the important factors of the Polyethylene Glycols market based on present industry situations, Polyethylene Glycols market demands, business strategies utilized
Chlorinated Polyethylene Market Industry Forecast
As the name suggests, chlorinated polyethylene (CPE), a thermoplastic, is produced by chlorination of polyethylene. It has excellent resistance properties to oil, UV, heat, temperature, chemicals, and weather. It is anti-combustible and difficult to ignite. Chlorinated polyethylene is a flexible and high-strength polymer. The polymer has good stability and is easy to mold. Read report overview at: The chlorine content of the polymer differs between 35 to 75% depending on its
Global Chlorinated Polyethylene (CPE) Sales Market
Market Research Hub includes new market research report “Global Chlorinated Polyethylene (CPE) Sales Market Report 2017” studies sales (consumption) of Chlorinated Polyethylene (CPE) in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player. Request Free Sample Report @ ht Regions Covering: United States China Europe Japan Southeast Asia India Global Chlorinated Polyethylene (CPE) market competition by top manufacturers/players, with