Polyethylene Naphthalate Market, by Application (%):
Source: MRFR analysis
The Polyethylene Naphthalate Market is segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is leading the Polyethylene Naphthalate Market on account of the high production and consumption of polyethylene naphthalate in the U.S. Furthermore, expanding food & beverage industry in the region is likely to influence the market growth positively. The increasing demand for the product in automotive and electronics sector is expected to fuel the market growth further.
Asia Pacific is the fastest emerging region in the Polyethylene Naphthalate Market due to growing demand from major end-use industries such as packaging, automotive, and electronics. The availability of raw materials at a lower price in this region is an added advantage to the market growth.
Europe is expected to grow owing to the high penetration of the product in the manufacturing of automotive parts, especially in Western European countries such as France, the U.K, Italy, and others.
The Latin American Polyethylene Naphthalate Market is expected to witness a significant growth owing to changing consumption pattern and growing automotive and electronics industries in the region.
The Middle East & Africa region is projected to offer various opportunities to increase the Polyethylene Naphthalate Market Growth due to the expanding yet untapped market region over the assessment period.
The Polyethylene Naphthalate Market is segmented by Manufacturing Process and Application.
Based on the Manufacturing Process, the Polyethylene Naphthalate Market is segmented into acid and ester.
Based on the Application, the Polyethylene Naphthalate Market is segmented into beverage bottling, food packaging, electronics, rubber tires, and others.
List of the manufacturers operating in the Polyethylene Naphthalate Market are
DuPont Teijin Films (U.S.), Sumitomo Chemical Co., Ltd (Japan), DuraFiber Technologies Inc. (U.S.), TORAY MONOFILAMENT CO., LTD (Japan), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), SKC Inc. (South Korea), SASA Polyester Sanayi A.S. (Turkey), Seiwa Inc. (Japan), Polyonics, Inc. (U.S.), Shell Global (U.S.), 3M (U.S), KOLON PLASTIC INC. (South Korea), DowDupont (U.S.), and GTS Flexible Ltd. (U.K).
One of the top manufacturing companies in the US, DuPont Teijin Films has reintroduced Kaladex® polyethylene naphthalate (PEN) high-performance polyester films, which were first manufactured in 1992 at its facility in Dumfries, Scotland, and are now commercially available. Kaladex® PEN films have a higher glass transition temperature than PET and outperform PET in terms of long-term aging performance at high temperatures. Other inherent properties include greater dimensional stability and stiffness than PET.
The India Engineering Center (IEC), a new R&D and engineering facility for Thermo Fisher Scientific, has been inaugurated in Hyderabad. Thermo Fisher's newly expanded India Engineering Center (IEC) is part of Thermo Fisher's R&D Center of Excellence in India and will create 140 new jobs in the region. Thermo Fisher Scientific invests more than $1.4 billion in research and development each year. Furthermore, the facility will attract top talent and create job opportunities in Telangana.
| Report Attribute/Metric | Details |
| Market Size | 2028: USD 640.25 Million |
| CAGR | 2028: 8.9% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Manufacturing Process, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | DuPont Teijin Films (U.S.), Sumitomo Chemical Co., Ltd (Japan), DuraFiber Technologies Inc. (U.S.), TORAY MONOFILAMENT CO., LTD (Japan), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), SKC Inc. (South Korea), SASA Polyester Sanayi A.S. (Turkey), Seiwa Inc. (Japan), Polyonics, Inc. (U.S.), Shell Global (U.S.), 3M (U.S), KOLON PLASTIC INC. (South Korea), DowDupont (U.S.), and GTS Flexible Ltd. (U.K). |
| Key Market Opportunities | The demand for PEN in electronics is projected to drive the market further. |
| Key Market Drivers | The increasing use of polyethylene naphthalate in food packaging is expected to propel the market growth during the review period due to its high durability |
Frequently Asked Questions (FAQ) :
PEN is a polyester that can be manufactured from ethylene glycol. It is mainly used in packaging applications.
Major applications of PEN include beverage bottling, food packaging, electronics, rubber tires, and others.
The growing demand for food packaging is the major driver for the PEN market.
North America is the dominant regional segment of the global PEN market.
Leading players in the PEN market include Toray, DuPont Teijin, and Sumitomo, among others.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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