Polyethylene Naphthalate Market Exclusive Report Study with Forecast to 2030
Polyethylene Naphthalate (PEN) is a polyester that exhibits superior properties such as high mechanical strength, dielectric strength, and excellent resistance to temperature, solvents, and chemicals. PEN, due to its high thermal and mechanical properties, is widely used in films and pellet form to manufacture electronic parts. Due to the growth in the electronics products, the demand for PEN is increasing too. Additionally, PEN also witnesses an increasing demand in solar panels for the solar cell protection. Apart from electronics parts, polyethylene naphthalate is extensively used in packaging applications including food packaging to improve the thermal and barrier properties. A number of regulatory, worldwide, such as the U.S. FDA and the Japanese Ministry of Health, Labor & Welfare (MHLW) approve the use of recycled plastic products such as polyethylene terephthalate (PET) and polyethylene naphthalate (PEN) in food packaging. Owing to the wide application area, PEN witnesses