Polyethylene Naphthalate Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

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.

Market Outlook

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). This is owing to a rise in the use of polyethylene naphthalate in various applications such as electronics and electrical equipment. Polyethylene naphthalate has excellent dielectric constant and high resistance to temperature, which is expected to increase its demand and subsequently boost the market growth in the near future. Furthermore, polyethylene naphthalate is used in manufacturing of beverage containers, especially for carbonated drinks. Polyethylene naphthalate has received the U.S. FDA approval to pack carbonated beverages, which is expected to support growth of the market during the forecast period. Moreover, perishable food products that are needed to be protected from sunlight require packaging containers made of polyethylene naphthalate, which is expected to propel the market growth in the near future. Furthermore, as compared to polyethylene terephthalate, PEN is lighter in weight which reduces the shipping cost. This has made more and more manufacturers to turn towards polyethylene naphthalate packaging, and hence support the market growth.

However, a higher price of polyethylene naphthalate compared to PET is expected to restrain growth of the global polyethylene naphthalate market during the forecast period.

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.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.