Global Polyethylene Naphthalate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Beverage Bottling, Packaging, Electronics and Automotive Tires.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn978856257 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Polyethylene Naphthalate Market (USD Million), 2021 - 2031

In the year 2024, the Global Polyethylene Naphthalate Market was valued at USD 1,580.82 million. The size of this market is expected to increase to USD 2,674.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global polyethylene naphthalate (PEN) market has been experiencing significant growth due to the material's unique properties and expanding applications across various industries. PEN, known for its superior thermal stability, mechanical strength, and chemical resistance, is increasingly favored over traditional polymers for high-performance applications. These characteristics make it ideal for use in sectors such as electronics, packaging, and automotive, where durability and resistance to harsh conditions are crucial.

The rise in demand for lightweight and durable materials in the automotive and electronics industries has driven the expansion of the PEN market. As technology advances, the need for materials that can withstand extreme temperatures and environmental conditions is growing. This trend is complemented by the increasing use of PEN in high-barrier packaging solutions, which enhances the shelf life of products by protecting them from moisture, oxygen, and other contaminants.

The promising growth prospects, the PEN market faces challenges, including high production costs and competition from alternative materials. However, ongoing research and development efforts are aimed at reducing production costs and enhancing the performance of PEN. As industries continue to seek advanced materials to meet their evolving needs, the global PEN market is expected to expand further, driven by innovation and the material's versatile applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Polyethylene Naphthalate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand in Packaging Industry
        2. Advancements in Material Technology
        3. Increasing Use in Electronics
      2. Restraints
        1. High Production Costs
        2. Limited Raw Material Availability
        3. Environmental Concerns
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Innovations in Recycling Technologies
        3. Rising Applications in Automotive Sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Polyethylene Naphthalate Market, By Application, 2021 - 2031 (USD Million)
      1. Beverage Bottling
      2. Packaging
      3. Electronics
      4. Automotive Tires
    2. Global Polyethylene Naphthalate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Teijin Limited
      2. Eastman Chemical Company
      3. Mitsubishi Chemical Corporation
      4. Nan Ya Plastics Corporation
      5. SK Chemicals
      6. Jiangsu Sanfangxiang Group
      7. Shenzhen Jiaxing Group
      8. BASF SE
  7. Analyst Views
  8. Future Outlook of the Market