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Home » Chemicals and Materials » Polyethylene Naphthalate Market Size, Share Report

Polyethylene Naphthalate Market By Application (Packaging, Electronics, Solar Cells, Automotive, Imaging and Printing, Other Industrial Applications); By Form (Film, Fiber, Resin); By End-Use Industry (Food and Beverage, Consumer Electronics, Automotive and Transportation, Renewable Energy, Healthcare, Industrial Manufacturing); By Geography, Segment revenue estimation, Forecast, 2024–2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 98219362

The polyethylene naphthalate market was worth USD 1.25 billion in 2023 and will be worth USD 2.03 billion by 2030, growing at a CAGR of 6.3% during the forecast period.

 

The polyethylene naphthalate (PEN) market is experiencing growth due to emerging trends in high-performance packaging and electronic applications, where PEN’s superior thermal and mechanical properties are highly valued. For example, PEN has only 30% higher thermal stability and better barrier characteristics than PET, making this material perfect for packaging products sensitive to temperature and light, such as pharmaceuticals and beverages. In electronics, PEN films have increasingly found application in flexible printed circuits in which these films provide the needed durability and heat resistance for better displays and flexible electronics. One of the new application areas is using PEN films in solar cells and automobiles since their UV and low gas permeability improve product durability. Since industries aim to use more robust materials and require fewer resources today, PEN is being adopted, hence driving high-tech and sustainable applications.

 

The market for polyethylene naphthalate, or PEN, has great potential, particularly as the need for lightweight, high-performance materials, including sustainable packaging and electronic applications, increases. The rising market for flexible electronics is over 10%, and the developing demand for PEN films because of the excellent thermal stability and barrier properties for wearable devices, sensors, and flexible display applications. For instance, PEN material is currently becoming incorporated more in OLED displays since it has minimal permeability of moisture, which is crucial for improving the life cycle of the device. The latest innovation is using PEN in solar energy, where its UV stability helps to make photovoltaic modules last longer and have more sustainable energy systems. Such developments make PEN fit for responding to the sophisticated lifestyles and environmental concerns of technology-centered sectors, thus making the material suited for applications in innovation industries.

 

Market Segmentation

By Application

  • Packaging

  • Electronics

  • Solar Cells

  • Automotive

  • Imaging and Printing

  • Other Industrial Applications

 

By Form

  • Film

  • Fiber

  • Resin

 

By End-Use Industry

  • Food and Beverage

  • Consumer Electronics

  • Automotive and Transportation

  • Renewable Energy

  • Healthcare

  • Industrial Manufacturing

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Asia-Pacific is the largest market in PEN due to its robust industry demands from electronic hardware, packaging solutions, and photovoltaic solar energy conversion systems. This region consumes roughly 45% of the world’s PEN and has a gigantic market demand for flexible electronics and superior packaging materials markets in China, Japan, and South Korea. For example, South Korean manufacturers widely use PEN films in OLED panels in consumer electronics; electronics moisture resistance and thermal stability are vital for product durability. One is the advancement of penetration of PEN film in the flexible solar cell application in light of the demand for materials that can withstand UV in renewable energy. This trend clearly shows that the Asia-Pacific is in a commanding position about the use of PEN in high-tech products that make up the market.

 

Key Players

  • DuPont Teijin Films

  • SKC Co., Ltd.

  • Toray Industries, Inc.

  • Kolon Industries Inc.

  • 3M

  • Polyonics, Inc.

  • Flexcon Company, Inc.

  • Teijin Limited

  • Nan Ya Plastics Corporation

  • Mitsubishi Chemical Holdings

Frequently Asked Question About This Report

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Table of Contents

1.    POLYETHYLENE NAPHTHALATE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    POLYETHYLENE NAPHTHALATE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – POLYETHYLENE NAPHTHALATE MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Product Type of Polyethylene Naphthalate and End Use Outlook Analysis
4.    HISTORIC TRENDS IN POLYETHYLENE NAPHTHALATE MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA POLYETHYLENE NAPHTHALATE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Polyethylene Naphthalate Historical Market ($MILLION), (2017 – 2023)
6.2. North America Polyethylene Naphthalate Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
6.3.1. Film
6.3.2. Fiber
6.3.3. Resin
6.4. North America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By End User
6.4.1. Food and Beverage
6.4.2. Consumer Electronics
6.4.3. Automotive and Transportation
6.4.4. Renewable Energy
6.4.5. Healthcare
6.4.6. Industrial Manufacturing
6.5. North America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. DuPont Teijin Films
6.5.2. Resistors
6.5.3. Semiconductors
6.5.4. Sensors
6.5.5. Actuators
6.5.6. Power Electronics
6.5.7. Optoelectronic Devices
6.6. North America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.6.1. USA
6.6.2. Canada
6.6.3. Rest of North America
7.    USA POLYETHYLENE NAPHTHALATE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE POLYETHYLENE NAPHTHALATE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Polyethylene Naphthalate Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Polyethylene Naphthalate Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
8.4. Europe Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By End User
8.5. Europe Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.6.1. Germany
8.6.2. France
8.6.3. UK
8.6.4. Italy
8.6.5. Spain
8.6.6. Rest of Europe
9.    APAC POLYETHYLENE NAPHTHALATE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Polyethylene Naphthalate Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Polyethylene Naphthalate Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
9.4. APAC Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By End User
9.5. APAC Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.6. APAC Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.6.1. China
9.6.2. Japan
9.6.3. South Korea
9.6.4. India
9.6.5. Australia
9.6.6. Rest of APAC
10.    LATIN AMERICA POLYETHYLENE NAPHTHALATE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Polyethylene Naphthalate Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Polyethylene Naphthalate Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Form
10.4. Latin America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By End User
10.5. Latin America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.6. Latin America Polyethylene Naphthalate Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. DUPONT TEIJIN FILMS
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. SKC Co., Ltd.
11.3. Toray Industries, Inc.
11.4. Kolon Industries Inc.
11.5. 3M
11.6. Polyonics, Inc.
11.7. Flexcon Company, Inc.
11.8. Teijin Limited
11.9. OTHER MARKET PLAYERS