Global Polyethylene Naphthalate Market Is Expected To Reach USD 2.47 Billion By 2032

Zion Market Research has published a new report titled “Polyethylene Naphthalate Market by Application (Beverage Bottling, Packaging, Electronics, and Automotive Tires): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global polyethylene naphthalate market accounted for USD 1.25 million in 2023 and is expected to reach USD  2.47 Billion by 2032, at a CAGR of around 7.90% between 2024 and 2032.

Polyethylene naphthalate (PEN) is a kind of polyester that is derived from naphthalene and ethylene glycol. PEN offers some exceptional properties like high dimensional stability, shrinkage resistance, scaling down oxidation rate, and thermal resistance. These properties of PEN make it highly useful in food packaging, electronics, and automobile applications. The globally growing consumption of alcohol and packaged food is anticipated to drive the demand for polyethylene naphthalate. PEN helps in scaling down oxidation and helps protect foods and beverages for a long time. The electronic industry is flourishing and is likely to grow notably over the forecast time period. Pellets and films are made from PEN, which, in turn, are extensively used in making thermal sheets, pressure sensitive tapes, etc. These products are widely used in semiconductors, batteries, capacitors, and other electronic devices, which is expected to fuel the global polyethylene naphthalate market growth. However, the limited supply of 2,6-dicarboxylic over past few years due to complex production process has led to the increased cost of raw materials and production, which may limit this market’s growth over the upcoming years. Alternatively, the development of cheaper monomers is expected to further bolster the growth of the global polyethylene naphthalate market over the forecast timeframe.

Browse the full “Polyethylene Naphthalate Market by Application (Beverage Bottling, Packaging, Electronics, and Automotive Tires): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/polyethylene-naphthalate-market

The global polyethylene naphthalate market is categorized based on application into beverage bottling, packaging, electronics, and automotive tires. Changing lifestyles and rising disposable income are fuelling the demand for packaged beverages and food items, which is boosting this market. Additionally, PEN resins are suitable for beverage bottling and packaging, owing to their good oxidation barring, resistance to UV rays and moisture, and dimensional stability properties. There is a rising concern among the producers and consumers regarding the need for reusable bottles and other good quality products, which is also driving the polyethylene naphthalate market.

North America is likely to show substantial growth in the global polyethylene naphthalate market in the future, owing to the presence of a large number of manufacturers and customers in the U.S., continuous rise in the consumption of packaged food and beverage products. There are many well-established brewing and juice companies in the North American beverage industry. For many years, proficient people have encouraged plastic bottles usage for storing beer instead of glass, while fruit juices have long been available in PET bottles.

The key players operating in the global polyethylene naphthalate market are DuPont, Seiwa Inc., Teijin DuPont Films, Sumitomo Chemical, Toray Monofilament, DuraFiber Technologies, SKC, SASA Polyester Sanayi, Kolon Plastics, and Polyonics.

This report segments the global polyethylene naphthalate market into:

Global Polyethylene Naphthalate Market: Application Analysis

• Beverage Bottling
• Packaging
• Electronics
• Automotive Tires

Global Polyethylene Naphthalate Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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