Plastic Dielectric Films Market Report

Plastic Dielectric Films Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, and Forecasts, 2015 To 2022

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  • Report ID: GVR2209
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Global plastic dielectric films market is expected to grow over the forecast period owing to rising applications in capacitors manufacturing processes. Capacitors are applied in the production of power electric converters and inverters; demand for these is rising owing to increasing electricity consumption, leading to market growth. Plastic dielectric films are utilized in manufacturing of numerous innovative technological goods. Demand for smart phones, music pods, tabs and laptops is also rising due to increasing disposable income of emerging nations. Unique properties such as high emissivity, light weight, refractory operating temperatures and low absorption make the product suitable and popular in electronic and digital industries. Electronic and digital industries are growing on account of increasing developmental activities and standards of living of people of developing nations. Plastic dielectric capacitors can replace traditional ceramic capacitors in various applications, thus boosting product demand.  Special properties of the product have also increased demand in sensory applications such as flat display panels of televisions and computers. Rising energy consumption on account of increasing population in developing nations is compelling electricity suppliers to increase their output. These above factors are expected to drive plastic dielectric market over the forecast period.

However, raw materials for dielectric films production are derived from petrochemicals, thus fluctuations in the price of crude oil is expected to adversely affect market growth. Raw material scarcity is also anticipated to negatively impact the market over coming seven years. In today’s aerospace industry there is extensive requirement of high performance power conditioning systems and control applications such as smart sensors, remote actuator designs, where plastic dielectric films are applied, thus creating product demand. Dielectric films are flammable at the time of overload conditions, thus leading to short circuit hazards.

Plastic dielectric films are also utilized in renewable energy systems such as wind & solar energy systems which are expected to provide lucrative opportunities for market players over the forecast period. Capacitors are manufactured by placing inversely charged metal plates separated by insulating plastic dielectric films. Dielectric films are also utilized in manufacturing product electronic circuits and lighting ballasts. They can be applied in diverse capacitor types including safety & EMI, power film and snubber capacitors.

Major types of plastic dielectric films consist of polyethylene naphthalate (PEN), polyethylene terephthalate (PET), polyvinylidene difluoride (PVDF), polypropylene (PP), polyphenylene sulfide (PPS) and polytetrafluoroethylene (Teflon) (PTFE).

Asia Pacific Region is expected to witness huge product demand on account of increasing population and disposable income of emerging nations of the region such as India and China. Application areas of plastic dielectric films include expanding electronic and digital industries which are expected to drive market over the forecast period. North America and Europe are also anticipated to display significant rise in product demand, owing to special properties of these films, making them suitable substitutions for various conventional films.

Market participants are carrying out R&D activities to explore new applications for the product and also to introduce innovative products in the market, which is expected to propel plastic dielectric films demand over coming seven years. They are also trying to develop innovative production engineering in order to reduce production costs and increase product efficiency. Market participants are also conducting R&D activities to develop a product that complies with environmental regulations of various countries, in order to penetrate untapped markets with severe restrictions.

Major market players operating in plastic dielectric films inlcude Treofan Germany GmbH & Co., Mitsubishi Chemicals, Toray Industries, SMEC Limited, Bolloré Group, Shanghai Xishu Electronic Material Company Ltd. and Steiner Electric Company.      


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