Polyethylene Naphthalate (PEN) Market by Application (Beverage Bottling, Packaging, Electronics, Automotive Tires, Others), Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026
Published On: May 2019
 
Report ID:385933
 
 
Pages: N/A




Global polyethylene naphthalate (PEN) market is expected to reach USD 1,933.12 Million by 2026, at a CAGR of 6.38% from 2019 to 2026. Growing demand from the end user industries such as electronics, packaging industries is driving the global polyethylene naphthalate (PEN) market.

Market Overview:

Polyethylene naphthalate is a polyester resin derived from naphthalene-2, 6-dicarboxylic acid and ethylene glycol. It is chemically quite similar to polyethylene terephthalate, however, it exhibits superior temperature resistant property. Polyethylene naphthalate is available only as biaxially oriented and heat stabilized films. These films are semi-crystalline and colorless, either crystal clear or slightly hazy. These films display improved UV resistance and barrier properties. Thus, polyethylene naphthalate films have emerged as a key component of food packaging applications. These films are also utilized in the production of pressure sensitive tapes and thermal sheets. Consequently, rising demand for the packaged food & beverages owing to changing lifestyle and increase in disposable income is driving the global demand for the polyethylene naphthalate (PEN) over the forecast period.

Report Description:

  • The base year for the study has been considered 2018, historic year 2016 and 2017 and, the forecast period considered is from 2019 to 2026. The global polyethylene naphthalate (PEN) market is analysed on the basis of value (USD Million), volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons).
  • The study delivers a comprehensive analysis of global polyethylene naphthalate (PEN) market by application and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global polyethylene naphthalate (PEN) market. This report incorporates the industry analysis which is focused on providing an extensive view of the polyethylene naphthalate (PEN) market.
  • The study also includes attractiveness analysis of application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the polyethylene naphthalate (PEN) market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:                          

Drivers:

  • Growing demand for packaged food and beverages
  • Rising demand from the electronics industry

Restrains:

  • High cost of production
  • High raw material prices

Opportunities:

  • Potential applications in the solar industry
  • Growing demand for high performance tires

Challenges:

  • Availability of low cost substitutes

Global Polyethylene Naphthalate (PEN) Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global polyethylene naphthalate (PEN) market has been segmented on the basis of application.

  • The application segment is divided into beverage bottling, packaging, electronics, automotive tires and others. Packaging segment emerged as the leader in the global demand for the polyethylene naphthalate (PEN) with a 41.29% share of market revenue in 2018. PEN films are extensively used in the packaging industry due to their higher shrinkage resistance, dimensional stability, superior barrier properties as well as high-temperature stability. The electronics application segment is anticipated to grow at an accelerated CAGR of 8.45% over the forecast period. This increased growth rate can be attributed to the growing utilization of PEN resins in the manufacturing of capacitors and magnetic storage devices and coating application in flexible electrical circuit boards. Additionally, the PEN is also being utilized for insulation applications due to their excellent dielectric insulation properties.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region is anticipated to grow the highest CAGR of 8.54% over the forecast period.

  • Burgeoning demand for the packaged food and beverages is leading to an increased demand for the PEN packaging materials within the Asia Pacific region. The Asia Pacific region is home to world’s largest electronics goods manufacturing capacities. As a consequence the region is projected to grow at the highest pace over the forecast period.
  • The North America region held a significant share of global polyethylene naphthalate (PEN) market in 2018. The factors such as growing demand for the PEN films from the packaging and electronics industry as well as increasing demand for the high performance tires, were responsible for this increased market share.

Global Polyethylene Naphthalate (PEN) Market Competitive Analysis:

Key players in the global polyethylene naphthalate (PEN) market are Teijin DuPont Films, Toray Monofilament Co., Ltd., Sumitomo Chemical Co., Ltd., DuraFiber Technologies, Inc., SKC Polyonics Inc., SASA Polyester Sanayi A.S, DuPont, Seiwa Inc., EPC Group, Kolon Plastics Inc., The 3M Company, GTS Flexible Ltd, SABIC, and among others. PEN films are being increasingly used in the capacitors due to their wider operating temperature range above 125 deg C. Thus to effectively satisfy this demand, Teijin DuPont Films in 2017, announced the collaboration with the SBE Inc. Under this collaboration, SBE will exclusively use DTF’s PEN HV film for all high performance high temperature applications in this expanded temperature range.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global gelcoat market on the basis of below mentioned segments:

Global Polyethylene Naphthalate (PEN) Market by Application:

  • Beverage Bottling
  • Packaging
  • Electronics
  • Automotive Tires
  • Others

Global Polyethylene Naphthalate (PEN) Market by Region:

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of the Middle East and Africa

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market Attractiveness Analysis By Application
        4.3.2. Market Attractiveness Analysis By Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Growing demand for packaged food and beverages
        5.2.2. Rising demand from the electronics industry
   5.3. Restraints
        5.3.1. High cost of production
        5.3.2. High raw material prices
   5.4. Opportunities
        5.4.1. Potential applications in the solar industry
        5.4.2. Growing demand for high performance tires
   5.5. Challenges
        5.5.1. Availability of low cost substitutes

6. Global Polyethylene Naphthalate (PEN) Market Analysis and Forecast, By Application
   6.1. Segment Overview
   6.2. Retail Laundry/Dry Clean Services
   6.3. Coin Operated Services
   6.4. Corporate/Industrial Laundry Services
   6.5. Others

7. Global Polyethylene Naphthalate (PEN) Market Analysis and Forecast, By Regional Analysis
   7.1. Segment Overview
   7.2. North America
        7.2.1. U.S.
        7.2.2. Canada
        7.2.3. Mexico
   7.3. Europe
        7.3.1. Germany
        7.3.2. France
        7.3.3. Sweden
        7.3.4. Netherlands
        7.3.5. U.K.
        7.3.6. Italy
        7.3.7. Spain
        7.3.8. Turkey
        7.3.9. Switzerland
        7.3.10. Belgium
        7.3.11. Rest of Europe
   7.4. Asia-Pacific
        7.4.1. Japan
        7.4.2. China
        7.4.3. India
        7.4.4. South Korea
        7.4.5. Australia
        7.4.6. Singapore
        7.4.7. Malaysia
        7.4.8. Thailand
        7.4.9. Indonesia
        7.4.10. Philippines
        7.4.11. Rest of Asia-Pacific
   7.5. South America
        7.5.1. Brazil
        7.5.2. Argentina
        7.5.3. Colombia
        7.5.4. Rest of South America
   7.6. Middle East and Africa
        7.6.1. Saudi Arabia
        7.6.2. UAE
        7.6.3. Egypt
        7.6.4. Nigeria
        7.6.5. South Africa
        7.6.6. Rest of  Middle East and Africa

8. Global Polyethylene Naphthalate (PEN) Market-Competitive Landscape
   8.1. Overview
   8.2. Market Share of Key Players in the Polyethylene Naphthalate (PEN) Market
        8.2.1. Global Company Market Share
        8.2.2. North America Company Market Share
        8.2.3. Europe Company Market Share
        8.2.4. APAC Company Market Share
   8.3. Competitive Situations and Trends
        8.3.1. Product Launches and Developments
        8.3.2. Partnerships, Collaborations, and Agreements
        8.3.3. Mergers & Acquisitions
        8.3.4. Expansions

9. Company Profiles
   9.1. Teijin DuPont Films
        9.1.1. Business Overview
        9.1.2. Company Snapshot
        9.1.3. Company Market Share Analysis
        9.1.4. Company Product Portfolio
        9.1.5. Recent Developments
        9.1.6. SWOT Analysis
   9.2. Toray Monofilament Co., Ltd.
        9.2.1. Business Overview
        9.2.2. Company Snapshot
        9.2.3. Company Market Share Analysis
        9.2.4. Company Product Portfolio
        9.2.5. Recent Developments
        9.2.6. SWOT Analysis
   9.3. Sumitomo Chemical Co., Ltd
        9.3.1. Business Overview
        9.3.2. Company Snapshot
        9.3.3. Company Market Share Analysis
        9.3.4. Company Product Portfolio
        9.3.5. Recent Developments
        9.3.6. SWOT Analysis
   9.4. DuraFiber Technologies, Inc
        9.4.1. Business Overview
        9.4.2. Company Snapshot
        9.4.3. Company Market Share Analysis
        9.4.4. Company Product Portfolio
        9.4.5. Recent Developments
        9.4.6. SWOT Analysis
   9.5. SKC Polyonics Inc
        9.5.1. Business Overview
        9.5.2. Company Snapshot
        9.5.3. Company Market Share Analysis
        9.5.4. Company Product Portfolio
        9.5.5. Recent Developments
        9.5.6. SWOT Analysis
   9.6. SASA Polyester Sanayi A.S.
        9.6.1. Business Overview
        9.6.2. Company Snapshot
        9.6.3. Company Market Share Analysis
        9.6.4. Company Product Portfolio
        9.6.5. Recent Developments
        9.6.6. SWOT Analysis
   9.7. Seiwa Inc
        9.7.1. Business Overview
        9.7.2. Company Snapshot
        9.7.3. Company Market Share Analysis
        9.7.4. Company Product Portfolio
        9.7.5. Recent Developments
        9.7.6. SWOT Analysis
   9.8. Kolon Plastics Inc
        9.8.1. Business Overview
        9.8.2. Company Snapshot
        9.8.3. Company Market Share Analysis
        9.8.4. Company Product Portfolio
        9.8.5. Recent Developments
        9.8.6. SWOT Analysis
   9.9. The 3M Company
        9.9.1. Business Overview
        9.9.2. Company Snapshot
        9.9.3. Company Market Share Analysis
        9.9.4. Company Product Portfolio
        9.9.5. Recent Developments
        9.9.6. SWOT Analysis
   9.10. GTS Flexible Ltd
        9.10.1. Business Overview
        9.10.2. Company Snapshot
        9.10.3. Company Market Share Analysis
        9.10.4. Company Product Portfolio
        9.10.5. Recent Developments
        9.10.6. SWOT Analysis
   9.11. SABIC
        9.11.1. Business Overview
        9.11.2. Company Snapshot
        9.11.3. Company Market Share Analysis
        9.11.4. Company Product Portfolio
        9.11.5. Recent Developments
        9.11.6. SWOT Analysis

 


List of Figures 

1. Global Polyethylene Naphthalate (PEN) Market Segmentation

2. Polyethylene Naphthalate (PEN) Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Polyethylene Naphthalate (PEN) Market Attractiveness Analysis By Application

9. Global Polyethylene Naphthalate (PEN) Market Attractiveness Analysis By Region

10. Global Polyethylene Naphthalate (PEN) Market: Dynamics

11. Global Polyethylene Naphthalate (PEN) Market Share By Application (2018 & 2026)

12. Global Polyethylene Naphthalate (PEN) Market Share By Region (2018 & 2026)

13. Global Polyethylene Naphthalate (PEN) Market Share By Company (2018)

 

List of Table

1. Global Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

2. Global Beverages Bottling Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

3. Global Packaging Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

4. Global Electronics Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

5. Global Automotive Tires Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

6. Global Others Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

7. Global Polyethylene Naphthalate (PEN) Market, By Region, 2016–2026 (USD Million) (Kilotons)

8. North America Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

9. U.S. Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

10. Canada Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

11. Mexico Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

12. Europe Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

13. Germany Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

14. France Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

15. Sweden Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

16. Netherlands Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

17. U.K. Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

18. Italy Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

19. Spain Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

20. Turkey Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

21. Switzerland Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

22. Belgium Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

23. Asia Pacific Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

24. Japan Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

25. China Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

26. India Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

27. South Korea Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

28. Australia Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

29. Singapore Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

30. Malaysia Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

31. Thailand Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

32. Indonesia Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

33. Philippines Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

34. South America Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

35. Brazil Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

36. Argentina Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons) 

37. Colombia Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

38. Middle East and Africa Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

39. Saudi Arabia Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

40. UAE Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

41. Egypt Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

42. Nigeria Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)

43. South Africa Polyethylene Naphthalate (PEN) Market, By Application, 2016–2026 (USD Million) (Kilotons)



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