| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 1.84 Billion |
| Market Size (2030) | USD 2.45 Billion |
| CAGR (2025 - 2030) | 5.90 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Polyethylene Naphthalate Market Analysis
The Polyethylene Naphthalate Market size is estimated at USD 1.84 billion in 2025, and is expected to reach USD 2.45 billion by 2030, at a CAGR of 5.9% during the forecast period (2025-2030).
Due to the COVID-19 outbreak, nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market.
- Major factors driving the market studied are rising demand in packaging applications and increasing demand in the electronics industry.
- On the flip side, high manufacturing costs are the major restraint that hinders the growth of the market.
- The growing application of polyethylene naphthalate in solar cell protection is expected to offer various lucrative opportunities for the growth of the market.
- By application, the packaging segment is expected to dominate the polyethylene naphthalate market owing to its high durability and resistance to chemicals & solvents.
- North America region dominated the market across the globe with the largest consumption from countries such as United States, Canada and Mexico.
Polyethylene Naphthalate Market Trends
Increasing Demand from Packaging Segment
- Polyethylene naphthalate is a polyester that is derived from 2,6 dicarboxylic acid and ethylene glycol. It has superior properties like high resistance to chemicals & solvents, high mechanical strength, and excellent scintillation properties.
- The demand for polyethylene naphthalate in packaging applications is increasing owing to its high stiffness modulus (Young's modulus) which is responsible for better-shrinking resistance of the material and superior barrier capabilities.
- Additionally, polyethylene naphthalate is used for food packaging applications as it is less permeable to oxygen and water vapor, thus reducing the oxidation effects in containers, making it ideal for food preservation purposes.
- Furthermore, polyethylene naphthalate reduces the number of layers required for packaging, which enables simplification in packaging and also reduces overall packaging costs.
- According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Moreover, the Indian packaging market is expected to reach USD 204.81 billion by 2025.
- Flexible packaging is used in food packaging applications in low-income countries in South America, Africa, and Asia-Pacific. The popularity and demand for flexible packaging are rising in emerging economies, and the demand is supported by continued economic expansion and an acceleration in the food and beverage industry.
- In Germany, the paper packaging industry grew significantly in 2022 because of increasing demand for non fossil based packaging for different end user industries.
- Owing to all the above-mentioned factors for polyethylene naphthalate, its market is expected to grow rapidly over the forecast period.
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North America Region to Dominate the Market
- North America region is expected to dominate the market for polyethylene naphthalate during the forecast period. In countries like the United States and Canada owing to the growing demand from major end-user industries like packaging and electronics, the demand for polyethylene naphthalate has been increasing in the region.
- Polyethylene naphthalate is widely used in films and pellet forms to manufacture electronic parts owing to its high mechanical and thermal properties, due to which the demand for polyethylene naphthalate is increasing in the region.
- Additionally, with the increasing trend of electric vehicles and the growing use of polyethylene naphthalate in making high-performance and rigid rubber tires is likely to boost its market in the region.
- Furthermore, the rising demand for polyethylene naphthalate in making shatterproof and lightweight beer and juice bottles is likely to further support the polyethylene market growth in the region.
- The United States Food and Drug Administration (FDA) has approved the use of recyclable plastic products like polyethylene naphthalate in food packaging which is likely to stimulate its market in the region during the forecast period.
- According to the IEA, in the United States, the federal aim is for electric vehicles (EVs) to make up 50% of new passenger cars and light trucks sold by 2030. Moreover, as per the International Council on Clean Transportation, in 2020, the California Government has announced an executive order which directs the state to require that, by 2035, all new cars and passenger trucks sold in California be zero-emission vehicles, which includes BEV and PHEV, and others.
- Some of the major companies operating in North America region are - Polyonics and Dupont Teijin Films.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for polyethylene naphthalate during the forecast period.
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Polyethylene Naphthalate Industry Overview
The polyethylene naphthalate market is highly consolidated with top players accounting for a major share of the market. Major companies in the market include Dupont Teijin Films, SASA Polyester Sanayi A.Ş., KOLON PLASTIC INC., GTS Flexible Ltd., and Polyonics among others (not in any particular order).
Polyethylene Naphthalate Market Leaders
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Dupont Teijin Films
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SASA Polyester Sanayi A.Ş.
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KOLON PLASTIC INC.
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GTS Flexible Ltd.
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Polyonics
- *Disclaimer: Major Players sorted in no particular order
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Polyethylene Naphthalate Market News
The recent developments pertaining to the major players in the market are covered in the complete study.
Polyethylene Naphthalate Industry Segmentation
Polyethylene Naphthalate is a type of polyester that has properties such as oxygen barrier, hydrolytic stability, and tensile strength. It expands the application range of polyester into more demanding end uses such as rigid and flexible packaging, industrial fiber, and film for electrical, light management, data storage, and imaging applications due to its higher stiffness, moisture, gas, and light barrier, as well as thermal, electrical, and chemical resistance. The polyethylene naphthalate market is segmented by application and geography. By application, the market is segmented into beverage bottling, packaging, electronics, rubber tires, and others. The report also covers the market size and forecasts for the polyethylene naphthalate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done in revenue (USD).
| Application | Beverage Bottling | ||
| Packaging | |||
| Electronics | |||
| Rubber Tires | |||
| Others | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
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Polyethylene Naphthalate Market Research FAQs
How big is the Polyethylene Naphthalate Market?
The Polyethylene Naphthalate Market size is expected to reach USD 1.84 billion in 2025 and grow at a CAGR of 5.90% to reach USD 2.45 billion by 2030.
What is the current Polyethylene Naphthalate Market size?
In 2025, the Polyethylene Naphthalate Market size is expected to reach USD 1.84 billion.
Who are the key players in Polyethylene Naphthalate Market?
Dupont Teijin Films, SASA Polyester Sanayi A.Ş., KOLON PLASTIC INC., GTS Flexible Ltd. and Polyonics are the major companies operating in the Polyethylene Naphthalate Market.
Which is the fastest growing region in Polyethylene Naphthalate Market?
North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Polyethylene Naphthalate Market?
In 2025, the North America accounts for the largest market share in Polyethylene Naphthalate Market.
What years does this Polyethylene Naphthalate Market cover, and what was the market size in 2024?
In 2024, the Polyethylene Naphthalate Market size was estimated at USD 1.73 billion. The report covers the Polyethylene Naphthalate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Polyethylene Naphthalate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Polyethylene Naphthalate Industry Report
Statistics for the 2025 Polyethylene Naphthalate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyethylene Naphthalate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
