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The global polyethylene naphthalate (PEN) market size reached a value of nearly USD 303.36 Million in 2024. The market is projected to grow at a CAGR of 11.20% between 2025 and 2034 and reach around USD 877.01 Million by 2034.
Base Year
Historical Year
Forecast Year
Major players in the polyethylene naphthalate (PEN) market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
Indorama Ventures Public Company Limited
Indorama Ventures, headquartered in Thailand and founded in 1994, offers products, including PEN, NDC, PNDA, PENCo, PBN and PTN, among others.
DuPont Teijin Films Ltd. (Toyobo Co. Ltd.)
DuPont Teijin, headquartered in the United States and founded in 2000, is a global market leader in the chemical sector. The company provides PEN polyester films, including Kaladex® polyester films, for electrical applications such as capacitors, wires, cables, and motors.
Kolon Plastics Inc.
Kolon Plastics Inc., headquartered in South Korea and founded in 1996, offers polyethylene naphthalate products under the brand NOPLA®-PEN-PET, a transparent material commercialised as PEN-PET copolyester.
Polyethylene Naphthalate (PEN) Market Size
Polyethylene Naphthalate (PEN) Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market value was nearly USD 303.36 Million.
The market is projected to grow at a CAGR of 11.20% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 877.01 Million by 2034.
The major drivers include the superior performance of PEN over PET and downstream demand for PEN from the electronics, automotive and food packaging sectors.
The key trends include the growing adoption of solar energy systems and the growing application of PEN in EV production.
The different types of PEN include film, fibre, and resin.
The major applications of polyethylene naphthalate (PEN) include beverage bottles, food packaging, electronic goods, rubber tyres, and textiles, among others.
The major players in the market include Indorama Ventures Public Company Limited, DuPont Teijin Films Ltd. (Toyobo Co. Ltd.), and Kolon Plastics Inc.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124