Polyethylene Naphthalatev Market Size, Share & Industry Analysis, BY Grade (Food Packaging Grade, Industrial Grade, Others), BY Applications (Beverage Bottling, Packaging, Electronics, Automotive Tires, Others) and Regional Forecast, 2024-2032

Polyethylene naphthalate is a polyester produced from ethylene glycol and naphthalene-2,6-dicarboxylic acid. It is utilized for producing the high-performance fibers that have better dimensional stability and also have very high modulus. These factors and its high temperature makes polyethylene naphthalate an ideal choice when compared with the polyethylene terephthalate, thereby making it suitable for long term electrical use at above 130°C. Additionally, it provides heat resistance, low oligomer extraction, anti-hydrolysis, high shrinkage resistance, and oxidation resistance. These properties fuel the demand for polyethylene naphthalate in the electronics, beverage bottling, packaging, and automotive tire.

Polyethylene naphthalate is majorly utilized in flexible food packaging. Polyethylene naphthalate aids in decreasing oxidation and rising the shelf life until the food is finally consumed. It offers superior barrier properties, high-temperature properties, high shrinkage resistance, superior durability, and dimensional stability, which is essential for numerous refilling cycles. The rising demand for beverages such as carbonated drinks, wine, beer, and non-carbonated drinks is expected to boost the growth of the packaging industry, which will further fuel the growth of polyethylene naphthalate market during the forecast period.

However, stringent government regulations regarding the use of polyethylene naphthalate is anticipated to restrain the growth of the market.

Market Segmentation:

Based on grade, the polyethylene naphthalate market is segmented into food packaging grade, industrial grade, and others. Based on application, the market is segmented into beverage bottling, packaging, electronics, automotive tires, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Key Players Covered:

The key players in the polyethylene naphthalate market includes Indorama Ventures Public Company Limited, Toray Monofilament Co., Ltd., SKC Inc., SASA Polyester Sanayi A.S, PPI Adhesive Products, SMP Corporation, GTS Flexible, FE Thin Films, and Kolon Plastics.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

Based on the region, the polyethylene naphthalate market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to hold the highest revenue share during the forecast period. The growing electronics and automotive industries will fuel the demand for polyethylene naphthalate films. In North America, the US is the leading contributor, owing to rising the demand for food packaging and beverage bottles. Europe is the third-largest contributor for polyethylene naphthalate market, owing to The rising use of high-performance rubber tires in the automobile industry due to enhanced performance and higher fuel economy. The Middle East & Africa accounted for sustainable growth, due to the rising use of beverage products.

Segmentation

Polyethylene Naphthalate Industry Developments

• October 2017, Indorama Ventures Public Company Limited acquired DuPont Teijin Films, a producer of polyethylene naphthalate films. This acquisition includes 8 production assets in the China, Europe and the US, with a global innovation center in the UK.