Market Overview:
The global polyethylene naphthalate resin (PEN resin) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the PEN resin market can be attributed to the increasing demand for PEN resins from various end-use industries, such as packaging, consumer goods, and others. In terms of volume, Asia Pacific is expected to lead the global PEN resin market during the forecast period. This can be attributed to the growing demand for high-performance plastics in countries such as China and Japan.
 Industry Outlook.svg)
Product Definition:
A polymer resin made from naphthalene and ethylene glycol, used especially in the manufacture of clear plastic films and sheets.
Injection Grade:
Injection grade is a form of polyethylene naphthalate resin (PEN) produced by the emulsion polymerization of ethylene and naphtha. Injection-grade PEN resin has high demand in flexible PVC films, bottles & jars, coil & sheets applications owing to its superior properties such as clarity, process ability and low viscosity. It also offers good dimensional stability during film processing which results into high quality final products with uniform thickness.
Extrusion Grade:
Extrusion grade is a type of polyethylene naphthalate resin (PEN) resin that has been processed through an extrusion line. The properties of the final product depend on the feedstock used for its production. The different types of PEN resins include homopolymer, copolyester, and terpolymer which are available in various colors such as red, blue and green among others.
Application Insights:
The packaging application segment led the global polyethylene naphthalate resins market in 2017 and is projected to witness significant growth over the forecast period. The resin finds applications in flexible as well as rigid packaging, including industrial packing, retail packaging, medical pouches and food containers among others.
PEN resins are used for manufacturing a wide range of products such as films & sheets, bottles & cans among others which are further utilized in several end-use industries such as pharmaceuticals, food processing and cosmetics. Growing demand for these materials from various sectors is anticipated to drive the market growth over the coming years.
Other major applications include adhesives & sealants which find extensive usage across several industries including construction and automotive among others owing to their high strength properties along with excellent bonding capabilities when compared with traditional binders such as rubber or waxes.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and is one of the most developed regions in terms of economic indicators, such as per capita income, employment rate, etc. Growing consumer goods demand from emerging economies like India and China on account of rising disposable income coupled with increasing household formation is anticipated to drive product demand over the forecast period.
Europe accounted for more than 20% revenue share in 2017 owing to high acceptance levels coupled with stringent regulations regarding environmental impacts caused during manufacturing processes.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Rising production of polyethylene terephthalate (PET) resin
- Growing popularity of lightweight and durable PEN products
- Technological advancements in manufacturing processes
- Rising investments by key players to expand their production capacities
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyethylene Naphthalate Resin (PEN Resin) Market Research Report
By Type
Injection Grade, Extrusion Grade, Other
By Application
Packaging, Consumer Goods, Other
By Companies
Teijin, Kolon Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Polyethylene Naphthalate Resin (PEN Resin) Market Report Segments:
The global Polyethylene Naphthalate Resin (PEN Resin) market is segmented on the basis of:
Types
Injection Grade, Extrusion Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Consumer Goods, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teijin
- Kolon Plastics
 Market Overview.svg)
Highlights of The Polyethylene Naphthalate Resin (PEN Resin) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection Grade
- Extrusion Grade
- Other
- By Application:
- Packaging
- Consumer Goods
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polyethylene Naphthalate Resin (PEN Resin) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polyethylene naphthalate resin (PEN) is a type of plastic that is made from the polymerization of ethylene and naphthalene. PEN has a low melting point, so it can be easily molded into objects. It is often used to make products that need to be lightweight, such as bottles and containers.
Some of the major players in the polyethylene naphthalate resin (pen resin) market are Teijin, Kolon Plastics.
The polyethylene naphthalate resin (pen resin) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyethylene Naphthalate Resin (PEN Resin) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Polyethylene Naphthalate Resin (PEN Resin) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polyethylene Naphthalate Resin (PEN Resin) Market - Supply Chain
4.5. Global Polyethylene Naphthalate Resin (PEN Resin) Market Forecast
4.5.1. Polyethylene Naphthalate Resin (PEN Resin) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polyethylene Naphthalate Resin (PEN Resin) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polyethylene Naphthalate Resin (PEN Resin) Market Absolute $ Opportunity
5. Global Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
5.3.1. Injection Grade
5.3.2. Extrusion Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
6.3.1. Packaging
6.3.2. Consumer Goods
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Polyethylene Naphthalate Resin (PEN Resin) Demand Share Forecast, 2019-2026
9. North America Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
9.4.1. Packaging
9.4.2. Consumer Goods
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
9.7.1. Injection Grade
9.7.2. Extrusion Grade
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Polyethylene Naphthalate Resin (PEN Resin) Demand Share Forecast, 2019-2026
10. Latin America Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
10.4.1. Packaging
10.4.2. Consumer Goods
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
10.7.1. Injection Grade
10.7.2. Extrusion Grade
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Polyethylene Naphthalate Resin (PEN Resin) Demand Share Forecast, 2019-2026
11. Europe Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
11.4.1. Packaging
11.4.2. Consumer Goods
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
11.7.1. Injection Grade
11.7.2. Extrusion Grade
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Polyethylene Naphthalate Resin (PEN Resin) Demand Share, 2019-2026
12. Asia Pacific Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
12.4.1. Packaging
12.4.2. Consumer Goods
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
12.7.1. Injection Grade
12.7.2. Extrusion Grade
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Polyethylene Naphthalate Resin (PEN Resin) Demand Share, 2019-2026
13. Middle East & Africa Polyethylene Naphthalate Resin (PEN Resin) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Application
13.4.1. Packaging
13.4.2. Consumer Goods
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polyethylene Naphthalate Resin (PEN Resin) Market Size and Volume Forecast by Type
13.7.1. Injection Grade
13.7.2. Extrusion Grade
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Polyethylene Naphthalate Resin (PEN Resin) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polyethylene Naphthalate Resin (PEN Resin) Market: Market Share Analysis
14.2. Polyethylene Naphthalate Resin (PEN Resin) Distributors and Customers
14.3. Polyethylene Naphthalate Resin (PEN Resin) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Teijin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kolon Plastics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. COMPANY3
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMPANY4
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
