Sellbyville, DE -- (SBWire) -- 05/08/2019 --Global Market Insights recently introduced new report on global Polyethylene Naphthalate (PEN) market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Polyethylene Naphthalate (PEN) industry considering all the major industry trends, market dynamics and competitive scenario.
Rising demand for convenience foods, rapid lifestyle changes, rising urban population and shifting consumer preference towards ready to eat meals may propagate market growth. Polyethylene naphthalate products provide superior barrier properties, oxygen and moisture barrier, water vapor and UV resistance. Additionally, increasing fast food consumption and expanding food retail sector majorly in India, China and U.S., may have a positive impact on the Polyethylene Naphthalate (PEN) Market growth.
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Polyethylene naphthalate market from electronics applications may surpass USD 300 million by the end of forecast period. PEN films provides excellent UV resistance, low heat shrinkage, high gloss and optical clarity. The product's provides relative high melting point and glass transition temperature (120°C) which are highly suitable for applications requiring sterilization at maximum temperatures. Some of the major electronics and electrical applications include optical displays, flexible printed circuits, electrical insulation, laminates, labels and processing films for semiconductors.
Asia Pacific polyethylene naphthalate market from beverage bottling applications may surpass USD 190 million by 2024. The product provides oxidation resistance, durability, excellent barrier properties, flexibility, robustness and great compatibility with various chemicals making it suitable for making bottle packaging. Increasing consumer demand for alcoholic beverages mainly beer owing to growing youth population, urbanization and increasing affordability of such beverages may boost product market demand in the region.
Polyethylene naphthalate market from electronics applications may surpass USD 300 million by the end of forecast period. PEN films provides excellent UV resistance, low heat shrinkage, high gloss and optical clarity. The product's provides relative high melting point and glass transition temperature (120°C) which are highly suitable for applications requiring sterilization at maximum temperatures. Some of the major electronics and electrical applications include optical displays, flexible printed circuits, electrical insulation, laminates, labels and processing films for semiconductors.
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Polyethylene naphthalate market from automotive tyre applications may register gains at above 7.5% by the end of 2024. These products are highly utilized in the tyre manufacturing majorly suited for high-end luxury cars providing noise reduction along with rigidity. PEN based films enables light weight in cars and trucks thereby enabling fuel efficiency and reduction in Co2 emissions. Stringent EPA regulations regarding high fuel efficiency has promoted automotive manufacturers to incorporate products which provides light weight to vehicles thereby stimulating PEN market growth.
The Polyethylene Naphthalate (PEN) market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Polyethylene Naphthalate (PEN) market based on product, technology, end user and region.
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Global polyethylene naphthalate is competitive and substantially consolidated with industry participants including:
- Teijin
- Toray
- Dupont
- EPC
- Toray
- Polyonics
- Seiwa Inc.
- DuraFiber Technologies Inc.
Prominent industry giants are engaged in forming partnerships, collaborations and joint ventures for enhancing product range and regional reach along with heavy investments in research purposes.
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Polyethylene Naphthalate (PEN) Market Insights Report from 2019 to 2024 – Leading Players: Dupont, Polyonics, DuraFiber Technologies, Teijin
Rising demand for convenience foods, rapid lifestyle changes, rising urban population and shifting consumer preference towards ready to eat meals may propagate market growth.