Top 3 Companies Leading the Global Polyethylene Naphthalate Market

The global polyethylene naphthalate (PEN) market is further expected to grow at a CAGR of 7% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is being positively influenced by the rising proliferation of consumer electronics like laptops, tablets, smartphones, and desktops, among others. The easy access to these products via online retail channels like Amazon (NASDAQ: AMZN) and Walmart, and the rise of local players like Flipkart, Snapdeal, and Tata Clix have positively influenced the growth of the market.

The rising demand for materials in the automobile sector that are durable, U.V. resistant, and mechanically strong with high moisture barrier capabilities is driving the market growth of polyethylene naphthalate. The favourable physical properties of the product, such as non-toxicity, lightweight, safe, flexible material, and easily recyclable, define the product’s demand in end-use industries like automotive, electronics, food & beverages, and textiles. The market is further growing on behalf of rising research and development activities which invites several investment opportunities in the market.

In August 2021, DuPont Teijin Films U.S. Limited (3401.T) annocuned that it would be reintroducing its Kaladex® brand of polyethylene naphthalate (PEN) high performance polyester films. Initially produced in 1992 in their United Kingdom facility, the Kaladex PEN films incorporate high performance traits of PET films to create PEN films with higher glass transition temperatures. Their PEN films also offer greater stiffness and dimensional stability.

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Top 3 Polyethylene Naphthalate Market Companies in the World:

DuPont Teijin Films U.S. Limited

DuPont Teijin Films U.S. Limited is a leading producer of PET and PEN polyester films. The company manufactures films under the brands, Mylar® brand, Melinex® brand, and Teonex®. It caters to industries such as safety and protection, agriculture, nutrition, communications, electronics, home and construction, transportation, and apparel. DuPont Teijin Films offers innovative and high quality films to its worldwide customer base.

SASA Polyester Sanayi A.S.

SASA Polyester Sanayi A.S. is a leading manufacturer of polyester, polyester-based polymers, fibre, filament, intermediates, and speciality products. An incorporation of Nobel, ICI and Dupont technologies, SASA has a robust technical infrastructure with over 4,000 qualified employees, innovative and high capacity production facilities and an advanced research and development centre.

Teijin Limited

Based out of Japan, Teijin Limited is a chemical, pharmaceutical and information technology company, and the first rayon manufacturer of Japan. The company specialises in high-performance fibres such as aramid, carbon fibres & composites, films, resin, and polyester fibres. It primarily caters to the healthcare industries, and also offers services for fibres and product converting, IT products, and materials. The Teijin Group comprises of approximately 20,000 employees and 160 subsidiaries in over 20 countries.

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