Global Polyethylene Naphthalate Applications Market by Product & Data Validation, Analysis and Forecast 2022
ReportsWeb.com published “Polyethylene Naphthalate Applications Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this ma
(EMAILWIRE.COM, January 18, 2017 ) The Global Polyethylene Naphthalate (PEN) market is valued at $0.9 billion in 2015 and is expected to reach $1.54 billion by 2022 growing at a CAGR of around 8.0% during the forecast period. Polyethylene naphthalate is mostly used in packaging applications due to higher shrinkage resistance, enhanced thermal and barrier properties, and dimensional stability. PEN films are major component of food packaging applications due to its higher stiffness modulus to provide improved barrier capabilities. Besides, high manufacturing cost is a main problem for manufacturers which causes capacity contractions and diminished margins for suppliers and manufacturers. On the other hand, recent developments of low cost monomers for production are anticipated to change market dynamics.
The industry is likely to witness significant growth due to rising demand for the products in electrical and electronic industry. Electronics applications is estimated to grow at the highest CAGR of around 8% during the forecast period. Increasing applications in electronics such as manufacturing of solar cells, wires, cables, and various sensors is anticipated to boost the market growth. North America is the largest consumer and producer led by the United States. The growth of the market is due to emergence of end-user sectors such as automobile and electronics. Increasing usage of high performance rubber tires in automobile industry is anticipated to fuel market growth. Asia Pacific is expected to grow at a CAGR of more than 7% during the forecast period. Chinese raw material suppliers have enhanced production technology to cut down the cost which in turn reduces overall product cost. Europe is the main consumer of beer, so the demand for beverage bottling is anticipated to drive the demand over the forecast period.
For more information http://www.reportsweb.com/polyethylene-naphthalate-pen-applications-global-market-outlook-2015-2022
Some of the key players in the global Polyethylene Naphthalate (PEN) market include DuPont, DuraFiber Technologies Inc., Seiwa Inc., SKC Inc, SASA Polyester Sanayi A.S, Sumitom- Chemical Co., Ltd., Teijin DuPont Films, and Toray Monofilament Co., Ltd.
Applications Covered:
- Packaging
- Electronics
- Beverage Bottling
- Rubber Tires
- Others
Regions Covered:
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia
- Rest of the World
- Latin America
- Middle East
- Africa
- Others
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8 Company Profiling
8.1 DuPont
8.2 DuraFiber Technologies Inc.
8.3 Seiwa Inc.
8.4 SKC Inc
8.5 SASA Polyester Sanayi A.S
8.6 Sumitomo Chemical Co., Ltd.
8.7 Teijin DuPont Films
8.8 Toray Monofilament Co., Ltd.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001153386/buying
The industry is likely to witness significant growth due to rising demand for the products in electrical and electronic industry. Electronics applications is estimated to grow at the highest CAGR of around 8% during the forecast period. Increasing applications in electronics such as manufacturing of solar cells, wires, cables, and various sensors is anticipated to boost the market growth. North America is the largest consumer and producer led by the United States. The growth of the market is due to emergence of end-user sectors such as automobile and electronics. Increasing usage of high performance rubber tires in automobile industry is anticipated to fuel market growth. Asia Pacific is expected to grow at a CAGR of more than 7% during the forecast period. Chinese raw material suppliers have enhanced production technology to cut down the cost which in turn reduces overall product cost. Europe is the main consumer of beer, so the demand for beverage bottling is anticipated to drive the demand over the forecast period.
For more information http://www.reportsweb.com/polyethylene-naphthalate-pen-applications-global-market-outlook-2015-2022
Some of the key players in the global Polyethylene Naphthalate (PEN) market include DuPont, DuraFiber Technologies Inc., Seiwa Inc., SKC Inc, SASA Polyester Sanayi A.S, Sumitom- Chemical Co., Ltd., Teijin DuPont Films, and Toray Monofilament Co., Ltd.
Applications Covered:
- Packaging
- Electronics
- Beverage Bottling
- Rubber Tires
- Others
Regions Covered:
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia
- Rest of the World
- Latin America
- Middle East
- Africa
- Others
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001153386/sample
8 Company Profiling
8.1 DuPont
8.2 DuraFiber Technologies Inc.
8.3 Seiwa Inc.
8.4 SKC Inc
8.5 SASA Polyester Sanayi A.S
8.6 Sumitomo Chemical Co., Ltd.
8.7 Teijin DuPont Films
8.8 Toray Monofilament Co., Ltd.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001153386/buying
Contact Information:
ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results