The application of polyethylene naphthalate is seen in packaging, beverage bottling, electronics, and automotive tyres. Among these, the demand for polyethylene naphthalate is expected to be high in packaging as it helps in reducing oxidation and increasing shelf life until food is finally consumed. It also provides high shrinkage resistance, high temperature properties, superior barrier properties, and dimensional stability. In addition, polyethylene naphthalate provides heat resistance, low oligomer extraction, anti-hydrolysis, and strengthen which has boosted its demand in electronics industry.
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The report present crucial information on the global polyethylene naphthalate market in a comprehensive manners and has covered significant factors affecting the market’s growth. It is tailored in a manner that can be easily understood the individuals operating in the market. It gives out the information relating to key drivers and restraints, growth opportunities, and ongoing trends in the market. Moreover, key markets offering high growth prospects and vendor landscape is also discussed in the report.
Global Polyethylene Naphthalate (PEN) Market: Trends and Opportunities
Globally, the demand for smartphones, tablets, laptops, and desktops has increased at a significant rate. In United States itself, the demand for consumer electronic is expected to reach US$1.5 tn the end of forecast period. As polyethylene naphthalate is used for the imaging, pressure sensitive tapes, electrical, thermal sheets, and solar cell protection have will significantly boosted the demand for polyethylene naphthalate in this region.
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As per the report, some of the prominent players functioning in the global polyethylene naphthalate market are Toray Monofilament Co., Ltd., SKC Inc., Sumitomo Chemical Co., Ltd., Teijin DuPont Films, SASA Polyester Sanayi A.S, DuPont, DuraFiber Technologies, Inc., and Seiwa Inc.