Top Ten Common Prejudices About Polyethylene Naphthalate Market.

In 2014, the global polyethylene naphthalate market was worth USD 827.0 million, and it is expected to grow at a CAGR of 7.5 percent over the next five years. Because of its improved thermal and barrier properties, such as oxidation resistance, polyethylene naphthalate (PEN) is primarily used in packaging applications. Over the forecast period, rising demand for high-strength photographic films is likely to drive market expansion.

polyethylene naphthalate market Because of their higher stiffness modulus, PEN films are a major component of food packaging applications, providing increased barrier properties and enhancing the material's strength. These films are also used to make pressure sensitive tapes and thermal sheets. They are also involved in the protection of solar cells.

Forward integration of raw material providers in PEN manufacturing is a feature of the polyethylene naphthalate market. These businesses actively consume raw materials in order to create their products. Continuous raw material supply and low production costs result from integration across multiple stages of the value chain.

When compared to polyethylene tetrapthalate films, polyethylene naphthalate films have a greater shrink temperature, making them appropriate for long-term electrical use at temperatures above 130°C. In addition, PEN films have excellent UV resistance and are resistant to hydrolysis in hot aqueous or alkaline environments, allowing them to be used in more electrical and electronic applications.

Due to the difficulty of producing 2,6-NDC feedstock, there has been a scarcity of the feedstock in recent years, resulting in high raw material prices. Furthermore, PEN manufacturers are concerned about high manufacturing costs, which has resulted in capacity reductions and reduced margins for suppliers and manufacturers.

The commercialization of PEN has been hampered by a lack of product supply and high manufacturing costs, which makes it difficult for manufacturers to compete in a market dominated by polyethylene terephthalate (PET). The recent development of low-cost monomers for the production of PEN, however, is altering market dynamics. As a result, prices are likely to fall dramatically over the next few years, resulting in a beneficial influence on growth.

Supportive laws on the use of PEN in beverage bottling, owing to its improved oxidation resistance, are projected to boost expansion. Furthermore, it is widely employed in the production of high-performance tyres. When PEN is added to the rubber mix during tyre production, it improves stiffness, resulting in better performance and longer product life.

In 2014, the packaging application category dominated the market, accounting for 39.2 percent of total volume. Higher shrinkage resistance, dimensional stability, improved barrier qualities, and high-temperature stability are projected to drive demand for polyethylene naphthalate in the packaging industry during the next few years.