BEIJING, 06 Dec. 2022 (GLOBE NEWSWIRE) — The Global plastic dielectric films market The size accounted for USD 1.1 billion in 2021 and is expected to occupy a market size of USD 1.6 billion by 2030, growing at a CAGR of 4.0% from 2022 to 2030.
Plastic Dielectric Film Market Statistics
- The global dielectric plastic films market revenue was USD 1.1 billion in 2021 growing at a CAGR of 4.0% from 2022 to 2030
- Asia-Pacific accounted for 35.8% of plastic dielectric films market share in 2021
- North America plastic dielectric films market growth is expected to increase at a CAGR of 4.5% from 2022 to 2030
- By product, the PET segment captures more than 41.2% of the total market share in 2021
- Rapid Growth in Solar Industry Boosts Market Value of Plastic Dielectric Films
- Plastic Dielectric Films Market Size
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Plastic Dielectric Films Market Coverage:
|Market||plastic dielectric films market|
|plastic dielectric films market Size 2021||$1.1 billion|
|plastic dielectric films market Forecast 2030||$1.6 billion|
|plastic dielectric films market CAGR from 2022 to 2030||4.0%|
|plastic dielectric films market Analysis period||2018 – 2030|
|plastic dielectric films market Year of reference||2021|
|plastic dielectric films market Forecast data||2022 – 2030|
|Segments Covered||By product, by application and by geography|
|plastic dielectric films market Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||DuPont Teijin Film, Kopafilm Elektrofolien GmbH, Coveme spa, Bolloré Group, SABIC, Indorma Ventures Public Company Limited, SMEC Limited and Steiner Electric Company.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
Plastic Dielectric Films Market Overview
Plastic dielectric films have low thermal resistance, low application pressure, and good pressure resistance, making them popular in a variety of applications such as tablets, smart wearable devices, smartphones, as well than other smart home appliances. Polypropylene (PP) is one of the most widely used products in end-use industries. Polypropylene dielectric films have a wide range of qualities including strong physical properties, low dissipation factor and excellent insulation resistance. These features make them suitable for use in a variety of applications including high current DC applications, high voltage DC and AC systems, and high frequency AC systems. Polypropylene (PP) film capacitors are ideal for use in a variety of temperature ranges. As a result, the dielectric plastic films market is expected to witness significant growth in the coming years.
Plastic Dielectric Film Market Trends
Rising demand for products from the electronics and renewable energy sectors in the Asia-Pacific region is expected to drive the market for dielectric plastic films. The material is widely used as a shielding material in a variety of electronic applications. The presence of major electronics and electrical manufacturers in the Asia-Pacific regions, such as Toshiba, Sony and Samsung, is expected to drive the demand for dielectric plastic films. Manufacturers in emerging economies such as India and China are trying to expand into key sectors such as raw material extraction and manufacturing. Prominent players have made considerable investments in the manufacturing industry in recent years, contributing to the expansion of the market. Polypropylene (PP) is one of the most widely used products in end-use industries. Since they can withstand a wide temperature range, PP transistors are frequently used as a substitute for polyester capacitors, which decrease in capacitance with temperature. As a result, the increased use of plastic dielectric films for various applications in the electronics and electrical industries offers several opportunities for global manufacturers.
Rising number of favorable federal regulations, along with increase in investments from different developing countries, are significant drivers of the global dielectric plastic films market. The electronics and electrical industry is expected to dominate the global plastic dielectric film market with a major share, and this trend is expected to continue in the coming years. This expansion can be attributed to the leading companies in the industry focusing on constant product development in order to capture a major market share of the global plastic dielectric films market. For example, in June 2018, SABIC introduced two UTF120 polyetherimide (PEI) dielectric film gauges, primarily for high capacitor and professional-grade applications.
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Segmentation of the plastic dielectric films market
The global plastic dielectric films market has been segmented by Acumen Research and Consulting on the basis of product and application. By product, the segment is separated into polypropylene (PP), polyethylene terephthalate (PET), polyphenylene sulfide (PPS), polyethylene naphthalate (PEN), polytetrafluoroethylene (teflon) (PTFE) and polyvinylidene difluoride (PVDF).
In terms of application, the market is categorized into integral automobiles, solar and wind energy systems, aircraft, electrical and electronics, and others. According to the dielectric plastic films market forecast, the electrical and electronic category is expected to grow significantly over the next few years.
Regional Overview of Plastic Dielectric Films Market
Based on region, the global plastic dielectric films market segmentation is done into Asia-Pacific, Europe, North America, Middle East & Africa and Latin America. According to an analysis of the dielectric plastic films industry, the Asia-Pacific region is expected to take the lion’s share of the global market, followed by Europe and North America. The growth in demand for plastic dielectric films from electronics and electrical industries, where it is used as an insulator in various electronic devices, is due to the supremacy of the region. This aspect is expected to increase the adoption of plastic dielectric films, thereby propelling the plastic dielectric films market forward. The market in Latin America, Middle East and Africa is expected to grow significantly over the forecast period.
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Plastic Dielectric Film Market Players
The leading manufacturers of dielectric plastic films are focusing on manufacturing efficient and low-cost products, as well as strategic initiatives such as collaborations and product launch strategies, to expand and strengthen their market position worldwide in dielectric plastic films. These aspects are expected to offer huge potential prospects for major industrial players in the global plastic dielectric films market. Some of the leading companies in the dielectric plastic films market are Bolloré Group, Kopafilm Elektrofolien GmbH, DuPont Teijin Film, Coveme spa, SABIC, SMEC Limited, Indorma Ventures Public Company Limited, and Steiner Electric Company.
Questions this report answers
- What was the market size of the Dielectric Plastic Films Market in 2021?
- What will be the CAGR of the Dielectric Plastic Films Market during the forecast period from 2022 to 2030?
- Who are the key players in the global Plastic Dielectric Films Market?
- Which region held the largest Plastic Dielectric Films market share in 2021?
- What are the key drivers of the Dielectric Plastic Films market?
- Who is the largest end-user of the Plastic Dielectric Films market?
- What will be the value of the Dielectric Plastic Films market in 2030?
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