At 8.8% CAGR Polyethylene Naphthalate Market size expanding to cross $1800 Mn business by 2024
Global Market Insights, Inc. has recently added a new report on polyethylene naphthalate market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of polyethylene naphthalate industry.
Selbyville, United States – April 29, 2019 /MarketersMedia/ —
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.
Polyethylene Naphthalate (PEN) Market size is set to surpass USD 1.8 billion by 2024. 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 size.
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U.S. polyethylene naphthalate market size 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.
Asia Pacific polyethylene naphthalate from beverage bottling applications may surpass USD 190 million by 2024. 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 share 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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Global polyethylene naphthalate market share is competitive and substantially consolidated with industry participants including Teijin, Toray, Dupont, EPC, Toray, Polyonics, Seiwa Inc. and 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.
Browse key industry insights spread across 150 pages with 108 market data tables & 23 figures & charts from the report, “Polyethylene Naphthalate (PEN) Market Size By Application (Beverage Bottling, Packaging, Electronics, Automotive Tyres), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Russia, Poland, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Brazil, Argentina, Saudi Arabia, South Africa, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/polyethylene-naphthalate-pen-market
Partial Table of Contents (ToC) of the report:
Chapter 3 Polyethylene Naphthalate Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/Partnership
3.3.2.2 Service providers
3.3.2.3 Distributors
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 China
3.5 Technology landscape
3.6 Pricing analysis
3.6.1 Polyethylene naphthalate price trends
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 North America: Booming automotive industry
3.7.1.2 Asia Pacific: Increasing demand for packaged food & beverages
3.7.1.3 Europe : Rising demand from electronics industry
3.7.2 Industry pitfalls & challenges
3.7.2.1 High production costs & easy availability of substitutes
3.8 Innovation & sustainability
3.9 Growth potential analysis, 2017
3.9.1 Emerging business model
3.9.1.1 New Product Launch
3.9.1.2 Collaboration/Joint ventures
3.9.1.3 Acquisitions
3.10 Porter’s analysis
3.11 Competitive landscape, 2017
3.11.1 Company market share analysis, 2017
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/polyethylene-naphthalate-pen-market
Chapter 4 Polyethylene naphthalate Market, By Application
4.1 Key application trends
4.2 Packaging
4.2.1 Global market from packaging, 2013-2024, (Kilo Tons) (USD Million)
4.2.2 Global market from packaging, by region, 2013-2024, (Kilo Tons) (USD Million)
4.3 Bottling beverages
4.3.1 Global market from bottling beverages, 2013-2024, (Kilo Tons) (USD Million)
4.3.2 Global market from bottling beverages, by region, 2013-2024, (Kilo Tons) (USD Million)
4.4 Electronics
4.4.1 Global market from electronics, 2013-2024, (Kilo Tons) (USD Million)
4.4.2 Global market from electronics, by region, 2013-2024, (Kilo Tons) (USD Million)
4.5 Automotive tyres
4.5.1 Global market from automotive tyres, 2013-2024, (Kilo Tons) (USD Million)
4.5.2 Global market from automotive tyres, by region, 2013-2024, (Kilo Tons) (USD Million)
4.6 Other applications
4.6.1 Global market from other applications, 2013-2024, (Kilo Tons) (USD Million)
4.6.2 Global market from other applications, by region, 2013-2024, (Kilo Tons) (USD Million)
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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