Polyethylene Naphthalate Market is Forecasted to Reach US$ 1.87 Billion in 2028, Says Stratview Research

The global polyethylene naphthalate market is projected to witness a growth rate of 8.04% annually from 2023 to 2028, with an anticipated size of US$ 1.87 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polyethylene naphthalate market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2019/Polyethylene-Naphthalate-(PEN)-Market.html#form

Report Highlights:
Market Size in 2028: US$ 1.87 billion
Growth (CAGR): 8.04% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 2
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polyethylene Naphthalate Market:

The global polyethylene naphthalate market is segmented based on application type, and region.

Based on application type - The polyethylene naphthalate market is segmented as beverage bottling, packaging, electronics, and automotive Tires. The packaging segment is expected to witness a significant growth rate in the market during the forecast period owing to the popularity of PEN in food packaging as they have strong barrier qualities and are less permeable to water vapor and oxygen. They also decrease the effects of oxidation in containers, making them perfect for food preservation. In addition, the product minimizes the number of needed layers, allowing the package structure to be simplified while also lowering overall packaging costs.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/2019/Polyethylene-Naphthalate-(PEN)-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to be the leading region in the polyethylene naphthalate market during the forecast period. This growth outlook is majorly attributed to the following-

• The growth of the region is supported by the material providing superior resistance to UV rays, high mechanical properties, and strength along with enhanced oxygen and moisture barrier properties.
• Furthermore, improved mechanical properties, lightweight, and lower production cycle times are expected to give a facelift to the market growth.

Polyethylene Naphthalate Market Drivers:

Some of the key drivers listed in the report are given below.
The surge in demand for packaged food & beverages owing to changing lifestyles, hectic schedules, and increasing disposable incomes may boost the market growth. The growth in demand for frozen and processed foods along with carbonated soft drinks, especially in China, India, and the U.S. is expected to drive the market for polyethylene naphthalate during the forecast period.

Top Companies in the Polyethylene Naphthalate Market:
Stratview Research has identified the following companies as the top market players.
• Dupont Teijin Films
• DuraFiber Technologies, Inc.
• Kolon Plastics, Inc.
• Polyonics, Inc.
• SASA Polyester Sanayi A.
• Seiwa Inc.
• SKC
• Sumitomo Chemical Co., Ltd.
• The EPC Group
• Toray Industries, Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyethylene Naphthalate Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Naphthalene Derivatives Market: https://www.stratviewresearch.com/1220/naphthalene-derivatives-market.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.