Polyethylene Naphthalate (PEN) Market Market report for 2024 – Companies, applications, products and more

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Polyethylene Naphthalate Market Research
Analysis and Trends Report for 2018 - 2024
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Global Market Scenario of Polyethylene
Naphthalate Industry

• Polyethylene naphthalate market from automotive
  tyres may witness significant gains at above 7.5
  during the projected period. They are used in
  high-end and luxury cars providing smooth ride,
  rigidity and noise reduction making it an ideal
  material for producing lightweight tyres. Also,
  provides high dimensional stability when compared
  to plastics such as rayon and nylon. Increasing
  manufacturers inclination towards incorporation
  of PEN based products in cars along with its
  superior properties may promote market growth.
• Polyethylene Naphthalate (PEN) Market size is set
  to surpass USD 1.8 billion by 2024 according to
  a new research report by Global Market Insights,
  Inc.
• Growing product demand for polyethylene
  naphthalate films in various industries such as
  automotive, electronics, food and beverage
  packaging, aerospace, imaging and photography
  applications may accelerate market growth.
• It is used in capacitors, providing self-healing
  properties, excellent shock resistance along with
  increasing overall reliability. The capacitors
  produced from these films provide low dielectric
  absorption, DC bias and enhances capacitance
  values similar to ceramic capacitors thereby
  stimulating polyethylene naphthalate market
  demand.

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• Polyethylene naphthalate (PEN) market size from
  beverage bottling applications was valued at over
  USD 280 million in 2017. These are majorly
  incorporated in production of beer and juice
  bottles as the material provides high oxygen and
  moisture barriers of about 5 times more than PET
  and is considered most effective mono material.
• Also, these products provide durability when
  exposed to high temperatures. Increasing
  alcoholic beverages consumption owing to rapid
  urbanization, rising beer demand among youth
  population and affordability are the major
  factors contributing to polyethylene naphthalate
  market demand.

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360 Industry Analysis

• U.S. polyethylene naphthalate market from
  packaging applications may exceed USD 130 million
  by the forecasted timeframe. Rising product
  demand from packaged food applications pertaining
  to high dimensional stability, high temperature
  stability, shrinkage resistance which may boost
  product demand. Increasing consumer demand for
  convenient food beverages along with rising
  trend for on the go consumption may accelerate
  industry growth.
• China polyethylene naphthalate market size may
  expect gains at over 8.5 by the end of 2024.
  Growing demand from automotive, electronics and
  packaging industries may propel regional market
  growth. Additionally, various manufacturers are
  shifting their production base from Europe and
  North America to China which may provide ample
  growth opportunities for market growth.
• Germany polyethylene naphthalate market demand
  may witness gains of above 7.5 up to 2024. These
  products are used in producing high performance
  fibers as have better dimensional stability and
  high modules when compared to nylon fibers and
  PET.
•  

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Industry Background
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• Competitive Analysis
• Teijin DuPont, Toray Industries, Durafiber
  Technologies, EPC Group, SKC, Polyonics and Kolon
  Plastics are the major manufacturers in the
  market. The raw material suppliers are forwardly
  integrated and supply these products to various
  end-use industries.
• The manufacturers are highly engaged on
  attracting new customers along with spending
  heavily on research activities to provide
  cost-effective products on a larger scale which
  may promote polyethylene naphthalate industry
  growth.

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Naphthalate Market_at_ https//bit.ly/2AWowLM
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