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Polyethylene Naphthalatev Market to Gain Momentum Backed by Increasing Demand for Food Packaging & Forecast 2027, reports Fortune Business Insights™

The global polyethylene naphthalatev market  size is expected to experience considerable growth during the forecast period. This growth is attributable to the increasing demand for effective packaging material for food & beverage applications across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Polyethylene Naphthalatev Market Size, Share & Industry Analysis, BY Grade (Food Packaging Grade, Industrial Grade, Others), BY Applications (Beverage Bottling, Packaging, Electronics, Automotive Tires, Others) and Regional Forecast, 2020-2027.”

 

COVID -19 Impact

The COVID-19 pandemic has led to severe repercussion owing to its widespread effects across several economies. Various industries are facing unprecedented losses owing to the lockdown announced by the governments across the globe that has further resulted in the complete shutdown of businesses. The crippling economy, however, is being revived through collective efforts from the government, as well as the industries and is expected to bounce back in the coming years.

 

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Polyethylene naphthalatev is generally a polyester obtained from naphthalene-2,6-dicarboxylic acid and ethylene glycol. It is extensively adopted to produce high-performance fibers that posses better dimensional stability. Additionally, it offers optimum heat and oxidation resistance that makes it an ideal choice for adoption across industrial applications such as packaging, beverage bottling, and automotive tire.

 

What does the Report Include?

The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect the market growth. The report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies. It further mentions the strategies adopted by them, such as to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

 

DRIVING FACTORS

Increasing Demand from Packaging Industry to Aid Growth

The rising food and beverage industry is driving the demand for advanced packaging materials such as polyethylene naphthalatev. They aid in increasing the shelf life and decreases oxidation till the packaged material is consumed. Additionally, they provide superior heat resistance properties that enable them to being widely adopted for manufacturing several electronics equipment. This is expected to contribute to the global polyethylene naphthalatev market growth in the forthcoming years.

 

REGIONAL INSIGHTS

Growing Demand for Food Packaging in North America to Surge Demand

Among all the regions, North America is expected to hold the highest position in the global polyethylene naphthalatev market during the forecast period. This is attributable to the growing demand for food packaging and beverage bottles that favor the demand for advanced polyethylene naphthalatev in the region.

The market in Europe is anticipated to showcase considerable growth owing to the increasing adoption of high-performance rubber tires from the automotive industry in the region between 2020 and 2027.

 

COMPETITIVE LANDSCAPE

Merger and Acquisition by Major Companies to Strengthen Their Market Positions

The global polyethylene naphthalatev market comprises of small, medium, and large companies that are focusing on maintaining their presence. The established players are acquiring small companies to develop their polyethylene naphthalatev product portfolio and further boost their sales revenue.

Industry Development:

October 2017 – Indorama Ventures Public Company Limited acquires DuPont Teijin Films, a leading producer of polyethylene naphthalatev films. The company reports that the acquisition is likely to boost its position in the global marketplace.

 

List of the Companies Profiled in the Global Market for Polyethylene Naphthalatev:

  • Indorama Ventures Public Company Limited
  • Toray Monofilament Co., Ltd.
  • SKC Inc.
  • SASA Polyester Sanayi A.S
  • PPI Adhesive Products
  • SMP Corporation
  • GTS Flexible
  • FE Thin Films
  • Kolon Plastics

 

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