The global demand for Polyethylene Naphthalate (PEN) Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Polyethene naphthalate (PEN) is a high-performance polymer used in many industrial applications such as flexible printed circuits, bottling beverages, labels, laminates, and optical displays. It is well suited for these applications due to its low oxygen permeability. PEN is also used as a high-performance fibre for better dimensional stability and high modulus. It offers has good temperature resistance, mechanical strength, high dielectric strength, and can be used continuously at 160°C.
The flourishing end-use industries are driving the growth of the market. PEN has emerged as an alternative to more expensive commercial scintillators, hence gained considerable interest from the material science researchers. They also have superior UV resistance, barrier properties, and is resistant to hydrolysis in alkaline or very hot aqueous conditions. Significant commercial markets have been explored for its application in textile and industrial fibres, films, foamed articles, containers for carbonated beverages, water, and other liquids. It is also an emerging material for modern electronic devices. However, PEN is more expensive in terms of a lower flex life which may hinder the demand to some extent.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of polyethylene naphthalate (PEN).
The entire polyethylene naphthalate (PEN) market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Beverage Bottling
- Automotive Tires
This section covers regional segmentation which accentuates on current and future demand for polyethylene naphthalate (PEN) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Polyethylene Naphthalate (PEN) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polyethylene naphthalate (PEN) market include Teijin DuPont Films, Toray Monofilament Co., Ltd., Sumitomo Chemical Co., Ltd., DuraFiber Technologies, Inc., SKC Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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