31st January 2020 - Latest Research Report on Polyethylene
Naphthalate (PEN) Market begins with a deep introduction and then
delves broad into specific segments such as raw material, application, end
user, and region, policy study, value chain structure, and upcoming trends in
particular segments or regions. The report on Polyethylene Naphthalate (PEN) prepare
a case for investments in different regions based on a practical view of their
regulatory outline, manufacturing dynamics, and availability of skills and
resources in that region.
The global Polyethylene Naphthalate
(PEN) Market size is expected to value at USD 1.40 billion by 2022. The market
is subject to witness a substantial growth due to the rising demand for the
product in electrical and electronic industry, and increasing adoption in the
beverage bottling industry. Polyethylene naphthalate (PEN) is also adopted in
various packaging solutions in order to improve thermal and barrier properties.
Use of polyethylene naphthalate (PEN)
enhances corrosion resistance by limiting oxidation. These factors are
anticipated to fuel market demand for polyethylene naphthalate (PEN) over the
forecast period. Growing demand for high strength photographic films is
expected to fuel market growth over the forecast period. Globally, the
polyethylene naphthalate industry is predicted to grow at higher CAGR in the
forecast period, providing numerous opportunities for market players to invest
for research and development in the market.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/polyethylene-naphthalate-pen-market/request-sample
Polyethylene naphthalate films are
primary component of various food packaging solution due to their higher
stiffness modulus and enhanced barrier capabilities. Higher stiffness helps to
enhance the strength of the material. In addition, increasing adoption of
polyethylene naphthalate films for manufacturing of pressure sensitive tapes and
thermal sheets is predicted to stimulate the growth of polyethylene naphthalate
(PEN) market over the forecast period. Polyethylene naphthalate films are
considered as vital in solar cell protection. Thus, polyethylene naphthalate
(PEN) industry is characterized by the forward-end incorporation of raw
material providers in the production of polyethylene naphthalate.
Integration of raw material suppliers in
the value chain coupled with lower manufacturing cost are some of key
contributing factor for market expansion, in the recent years. However,
volatility in cost of raw materials owing to the tight supply of 2, 6-NDC
feedstock is primary concern for the sustained growth of polyethylene
naphthalate market, in the last few years. Moreover, higher production cost and
production complexity are expected to limit market growth to a certain extent.
Complexity involved during production phases are affecting capacity
contractions, thus resulting in reduced margins for suppliers and
manufacturers. Yet, the recent advancement such as introduction of the low-cost
monomers for production is expected to change market outlook over the coming
years.
The polyethylene naphthalate (PEN)
industry is broadly categorized into four major segments based on the
application type such as beverage bottling, electronics industry, packaging
sector, and rubber tires. The packaging sector is considered as one of the
fastest growing segment in the market of polyethylene naphthalate (PEN) with
substantial revenue generation in the last few years. Growing popularity of
polyethylene naphthalate (PEN) in the packaging segment is attributed to its
enhanced properties such as higher shrinkage resistance, dimensional stability,
superior barrier properties and high-temperature stability. The electronics
segment has also witnessed substantial growth due to the growing need for
enhanced thermal and barrier properties for production of semiconductors, PCB’s
and super capacitors.
The polyethylene naphthalate (PEN)
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in the implementation of latest technologies in packaging industry,
increasing demand for high performance rubber tires in automobile sector,
presence of large number of manufacturers in the region, and existence of
well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold
major market share in the polyethylene naphthalate (PEN) with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth in the region, rapid growth of
automobile and packaging industry, growing electronic manufacturing, and
significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the polyethylene
naphthalate (PEN) industry are DuPont Teijin Films Ltd., Toray Monofilament
Co., Ltd., Sumitomo Chemical Co., Ltd., DuraFiber Technologies, Inc., SKC Inc.,
SASA Polyester Sanayi A.S, E. I. du Pont de Nemours and Company, and Seiwa Inc.
Get
in touch
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment