Press Release

Global Polyethylene Naphthalate (PEN) Market to Reach USD  787.77 million by 2032, Aided by the Rising Demand from the Packaging Sector

Global Polyethylene Naphthalate (PEN) Market

According to a new report by EMR, the global polyethylene napthalate (PEN) market attained a value of USD 303.36 million in 2023. The market is estimated to grow at a CAGR of 11.2% during 2024-2032 to reach a value of USD 787.77 million by 2032. 

The polyethylene naphthalate (PEN) market is being driven by the rising demand from the packaging sector, where it helps in extending the shelf life of food products by decreasing oxidation rates. With consumers increasingly relying on packaged food due to their increasingly busier lifestyles and expanding disposable incomes, the PEN market is expected to continue to witness a healthy growth within the packaging sector. The market is being further aided by the rising demand for the product in the automotive industry, due to the factors like polyethylene naphthalate’s superior resistance to UV rays, improved mechanical properties, and high moisture barrier.


North America, Europe, and the Asia Pacific are the significant regions for the PEN market. In North America, the healthy growth of the automotive industry and growing R&D activities have supported the market growth. The regional market is also being driven by its extensive food and beverage industry and the expanding electronics industry. Meanwhile, in Europe, the presence of a robust automotive sector and the rising demand for high-performance sailcloth are propelling the industry forward. In the coming years, the Asia Pacific is also expected to present lucrative growth opportunities for the industry due to the rising disposable incomes and the rapid growth of the manufacturing sector, with governments in the region increasingly focussing on domestic manufacturing. The growing penetration of global e-commerce players like (NASDAQ: AMZN), along with the rise of local players like Flipkart, Snapdeal,, and Tmall, among others, are furthering the polyethylene naphthalate (PEN) growth. The rise of the e-commerce websites is adding to the market growth as these platforms offer lucrative deals on consumer electronics, leading to an increase in the sales of electronic goods, a major application segment of polyethylene naphthalate (PEN).


Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Market Analysis by Type, Application, and Region:

  • The market, on the basis of type, is divided into film, fibre, and resin.
  • The market is segmented on the basis of applications into beverage bottles, food packaging, electronic goods, rubber tyres, textiles, and others.
  • Regionally, the market is divided into North America, Europe, Asia Pacific, and rest of the world.


Key Findings of the Report:

  • The market is driven by the packaging, beverage bottling, automotive tyres, and electronics sectors.
  • The rising demand for the product from the packaging sector due to its ability to reduce oxidation and extend shelf life is aiding the market growth.
  • The market for polyethylene naphthalate (PEN) is further aided by the product’s favourbale properties like high shrinkage resistance, superior barrier properties, high-temperature properties, and dimensional stability.
  • The market growth is also supported by the booming demand for electronics as the product is extensively used in the manufacturing of electronic goods as it is heat resistant, anti-hydrolytic and provides strengthening properties.
  • Moreover, the rising demand for smartphones, laptops, tablets, and desktops, especially in the emerging regions, is providing further impetus to the industry growth.
  • The product is witnessing a high demand in the North American region due to its extensive use in pressure-sensitive tapes, imaging, electrical, thermal sheets, and solar cell protection for consumer electronics.


Key Offerings of the Report:

  • The EMR report gives an overview of the market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and major regions of polyethylene naphthalate (PEN). 
  • It gives an in-depth look at the regional price trends in the global PEN market.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.


Indorama Ventures Public Company Limited, Kolon Plastics Inc., DuPont Teijin Films Ltd., among others, are the key players in the global polyethylene naphthalate (PEN) market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.