Polyethylene Naphthalate (PEN) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Global Polyethylene Naphthalate (PEN) Market: Overview

The application of polyethylene naphthalate is seen in packaging, beverage bottling, electronics, and automotive tyres. Among these, the demand for polyethylene naphthalate is expected to be high in packaging as it helps in reducing oxidation and increasing shelf life until food is finally consumed. It also provides high shrinkage resistance, high temperature properties, superior barrier properties, and dimensional stability. In addition, polyethylene naphthalate provides heat resistance, low oligomer extraction, anti-hydrolysis, and strengthen which has boosted its demand in electronics industry.

The report present crucial information on the global polyethylene naphthalate market in a comprehensive manners and has covered significant factors affecting the market’s growth. It is tailored in a manner that can be easily understood by the individuals operating in the market. It gives out the information relating to key drivers and restraints, growth opportunities, and ongoing trends in the market. Moreover, key markets offering high growth prospects and vendor landscape is also discussed in the report. 

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Global Polyethylene Naphthalate (PEN) Market: Trends and Opportunities

Globally, the demand for smartphones, tablets, laptops, and desktops has increased at a significant rate. In United States itself, the demand for consumer electronic is expected to reach US$1.5 tn by the end of forecast period. As polyethylene naphthalate  is used for the imaging,  pressure sensitive tapes, electrical, thermal sheets, and solar cell protection have will significantly boosted the demand for polyethylene naphthalate in this region.

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Global Polyethylene Naphthalate (PEN) Market: Geographic Analysis

On geographical front, North America is likely to offer huge growth opportunity in this market due to the presence of large number of producers and customers in the U.S. Rising demand for polyethylene naphthalate in the automotive industry as it provide improved mechanical properties, superior resistance to UV rays, and high moisture barrier. These factors led the growth in the global polyethylene naphthalate market. Europe is also expected to drive the demand in this market as it is used in producing high performance sailcloth and laminating sail on boats with high resistance from sunlight. In addition, growing demand for electronic vehicles in the regions further boosted the demand for polyethylene naphthalate.

Asia Pacific is expected to offer lucrative growth opportunity in this market in the coming years. Rising demand for packaged products and growing application of polyethylene naphthalate in end use industries including automotive, food and beverages, packaging, and others have led in the demand in this market.

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Global Polyethylene Naphthalate (PEN) Market: Companies Mentioned

In the competitive landscape section, the report has covered prominent vendors operating in the global polyethylene naphthalate   market. In this particular market, leading vendors have strategic geographical presence with multiple production facilities across the globe. This has helped them getting stronger hold in the market and provided them a competitive edge in the market. Innovation, collaboration, partnership, mergers, and expansion are some of the most preferred business development strategies used by the vendors operating in this market.  As the market is likely to be consolidated, key players are making conscious efforts to stay put in the market.

As per the report, some of the prominent players functioning in the global polyethylene naphthalate   market are Toray Monofilament Co., Ltd., SKC Inc., Sumitomo Chemical Co., Ltd., Teijin DuPont Films, SASA Polyester Sanayi A.S, DuPont, DuraFiber Technologies, Inc., and Seiwa Inc.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

Companies in the Polyethylene Naphthalate market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.

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