Polyethylene naphthalate (polyethylene 2,6-naphthalate or PEN) is a polyester derived from naphthalene-2,6-dicarboxylic acid and ethylene glycol. As such it is related to poly(ethylene terephthalate), but with superior barrier properties.
Market Data Analysis:
The Polyethylene Naphthalate (PEN) market is projected to be valued at USD 12,125 million in 2019 and is anticipated to generate revenue of USD 20,605 million by the end of 2026, progressing at a GAGR of 7.87% between 2019 and 2026. The growth can be attributed to increasing consumer demand for convenient food & beverages. Supportive regulation towards the use of PEN in beverage bottling owing to enhanced resistance to oxidation is projected to boost the growth of the market. Moreover, increasing manufacturers inclination towards the incorporation of PEN based products in cars will also propel the growth of the market.
North America held the largest market share of 35.81% in 2018 and is expected to garner growth in the coming years. This can be attributed to increasing consumer demand for convenient food & beverages along with a rising trend for on the go consumption in this region. North America is followed by Europe and Asia-Pacific, with a market share of 33.01% and 25.36% respectively. The Asia-Pacific region is anticipated to possess high growth potential due to the growing demand for the product from end-use industries including packaging, automobile, and electronics.
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Market Classification:
Global Polyethylene Naphthalate (PEN) market: Type segments
l PEN film grade
l PEN fiber grade
l PEN resin grade
Global Polyethylene Naphthalate (PEN) market: Application segments
l Beverage Bottling
l Packaging
l Electronics
l Automotive Tyres
Global Polyethylene Naphthalate (PEN) market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Polyethylene Naphthalate (PEN) market, including Teijin, DuPont, Toray Industries, Durafiber Technologies, EPC Group, SKC, Polyonics, Kolon Plastics, etc. These participants have adopted various growth strategies to meet the growing demand for Polyethylene Naphthalate (PEN) market and to increase their market share.
Polyethylene Naphthalate (PEN) Market Intended Audience:
l Polyethylene Naphthalate (PEN) manufacturers
l Polyethylene Naphthalate (PEN) importers and exporters
l Polyethylene Naphthalate (PEN) traders, distributors, and suppliers
l Raw material suppliers of Polyethylene Naphthalate (PEN)
l Polyethylene Naphthalate (PEN) industry associations
l Product managers, Polyethylene Naphthalate (PEN) industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Polyethylene Naphthalate (PEN) Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Polyethylene Naphthalate (PEN) Market by Types
4 Segmentation of Polyethylene Naphthalate (PEN) Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Polyethylene Naphthalate (PEN) Market in Major Countries
7 North America Polyethylene Naphthalate (PEN) Landscape Analysis
8 Europe Polyethylene Naphthalate (PEN) Landscape Analysis
9 Asia Pacific Polyethylene Naphthalate (PEN) Landscape Analysis
10 Latin America, Middle East & Africa Polyethylene Naphthalate (PEN) Landscape Analysis
11 Major Players Profile
11.1 Teijin
11.1.1 Teijin Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 DuPont
11.3 Toray Industries
11.4 Durafiber Technologies
11.5 EPC Group
11.6 SKC
11.7 Polyonics
11.8 Kolon Plastics
…
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