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Polyethylene Naphthalate Market

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Global polyethylene naphthalate market size was valued at US$ 1,126.9 million in 2018, and is expected to register a CAGR of 8.48% during the forecast period (2019-2027).
Polyethylene Naphthalate Market Size and Forecast, 2027
Polyethylene naphthalate or PEN is a polyester derived from naphthalate-2,
ethylene glycol, and 6-dicarboxylic acid. Although polyethylene naphthalate is
similar to terephthalate (PET) chemically, it is more temperature resistant and a
better barrier compared to PET. It features excellent physical properties such as
good thermal conductivity, dimensional stability, dielectric strength, excellent
hydrolysis resistance, low thermal shrinkage, and high mechanical strength.
Polyethylene naphthalate finds applications in manufacturing of various
products such as industrial fibers, beverage containers, textiles, foamed articles,
films, and other thermoformed applications. Generally, it is available in the
market in the form of films, laminates, and rods.
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Market Regional Analysis
North America is expected to account for the largest market share in the global
polyethylene naphthalate market during the forecast period. Growing use of
polyethylene naphthalate in the food and beverage industry is expected to
increase its demand and subsequently boost the market growth. Asia Pacific is
expected to witness slower growth as compared to North America and Europe,
though poses tremendous opportunities for the market players in the near future.
Emerging economies in the Asia Pacific such as Japan and China are expected
to hold the dominant positions in the region.
Market Players
Key players operating in the global polyethylene naphthalate market include
Teijin Ltd., Advansa Sasa Polyester San A.S. DuPont, DuraFiber Technologies,
Toray Monofilament, Kolon Plastics, and Sumitomo Chemical.
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pallavi.reddy
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