Home > Chemicals & Materials > Polymers > Industrial Polymers > Polyethylene Naphthalate (PEN) Market

Polyethylene Naphthalate (PEN) Market Share

Report ID: GMI3068
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Polyethylene Naphthalate Market Share

Polyethylene Naphthalate Market Company Share, (2023)

The competitive landscape of the market is characterized by the presence of several key global players, each bringing a diverse range of strengths and strategies to the forefront. Companies like Dupont Teijin Films and Toray Industries are notable for their technological prowess and extensive experience in the development of high-performance materials, making significant contributions to innovations in the PEN market. These industry leaders continuously enhance their product offerings to meet the advanced requirements of high-end applications in electronics, automotive, and aerospace sectors, maintaining a strong competitive edge. Moreover, their global manufacturing and distribution networks enable them to effectively serve a wide range of markets, further solidifying their market positions.

On the other hand, companies like SKC and Sumitomo Chemical leverage their capabilities in chemical synthesis and material science to expand their footprint in the PEN market. They focus on optimizing production processes and developing cost-effective solutions, aiming to make PEN more accessible for a broader range of applications, including packaging and solar energy. Smaller players such as Polyonics and Seiwa Inc. specialize in niche applications, offering customized solutions that meet specific industry needs, thus maintaining competitiveness in their segments. The market is also witnessing strategic collaborations and mergers aimed at pooling technological and financial resources to enhance market reach and drive innovation, with companies like SASA Polyester Industry Inc. and DuraFiber Technologies, Inc. actively participating in these trends to capture growth opportunities in emerging markets.

Polyethylene Naphthalate Market Companies

Major players operating in the market include:

Dupont Teijin Films
DuraFiber Technologies, Inc.
Kolon Plastics
Polyonics
SASA Polyester Industry Inc.
Seiwa Inc.
SKC
Sumitomo Chemical
The EPC Group
Toray Industries

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for polyethylene naphthalate was valued at approximately USD 1.7 billion in 2023 and is anticipated to register a CAGR of over 6.2% between 2024 and 2032, driven by its superior properties compared to other polyesters.

The packaging application held a market share of USD 593.3 million in 2023 and is expected to reach USD 1.1 billion by 2032, primarily due to PENs exceptional barrier properties that preserve freshness and extend the shelf life of packaged goods.

The Asia Pacific polyethylene naphthalate (PEN) market generated USD 611.4 million in 2023 and is expected to reach USD 1.1 billion by 2032, driven by rapid industrial growth and substantial investments in technology.

Major players in the market include Dupont Teijin Films, DuraFiber Technologies, Inc., Kolon Plastics, Polyonics, SASA Polyester Industry Inc., Seiwa Inc., SKC, Sumitomo Chemical, The EPC Group, and Toray Industries.