Plastic Dielectric Films Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3835
Plastic Dielectric Films Market size is anticipated to witness significant gains from 2019 to 2025 impelled by rising product demand from electronics industry mainly from Asia Pacific and Latin America. They are generally used as insulators having the ability of transmitting a small quantity of electricity at high temperature. The product offers low a low thermal resistance, less application pressure coupled with a higher-pressure resistance. The films have sought an extensive adoption in integrated circuits and capacitors of various electronic gadgets. Plastic dielectric films have huge demand in applications like tablets, smart phones, smart wearables and in many other home appliances. They are also increasingly finding its use in geothermal and tidal energy sources for power generation.
Rapidly growing renewable market is likely to drive plastic dielectric films market demand in the coming years. This category of films is majorly used in conductivity and insulation operations in specialized circuits which are very commonly used in wind and solar power systems. Global solar power generation has increased in 2017 by 100GW. Furthermore, China is also building its own solar plant of 50GW capacity. Much of the growth is underpinned by rising government initiatives to promote renewable energy consumption across the globe. For instance, declining solar cost with auction bids of even lower than 5 cents/KWh. These trends are projected to have positive impact on the overall plastic dielectric films market size by 2025.
Volatile raw material price trends is a major factor likely to impede the plastic dielectric films market size in coming years. This is due to the fact that product is derived from heavy byproducts of petroleum. The basic raw materials for plastic dielectric films production are ethylene glycol, plastic polymers and terephthalic acid. As the products are derived from crude oil, geopolitical issues and price fluctuations are probable to hamper the overall market growth in the coming years.
Global plastic dielectric films market size can be segmented on the basis of product type which includes Polyethylene terephthalate (PET), Polytetrafluoroethylene (PTFE), Polyethylene Naphthalate (PEN), Polyphenylene Sulfide (PPS), Polypropylene (PP) and Polyvinylidene Difluoride (PVDF). PET segment registered itself as the dominant segment in the market as it possess a high dielectric constant which results in rising demand from electronics industry for producing several small size capacitors. Capacitors which are made from PET films are quite cost effective and also dissipate more power than other sources. PP based films is another key product used in the industry as it possesses excellent properties including a string breakdown strength, high insulation resistance, low dissipation factor, etc. making it ideal for high voltage AC and DC systems, high frequency DC and AC systems and high current applications. They are also applicable to be used in several temperature ranges.
On the basis of end users, plastic dielectric films market size is segmented into automobiles, electrical & electronics, wind and solar energy and others. Among all the end user industries, plastic dielectric films are majorly used in electrical & electronics sectors in various applications including telecommunication, laminates, cables & wires for power transmission, compressor or motor sealed units, industrial insulation, integrated circuits, capacitors, cable wraps, etc. It also finds application in several display technologies like LCD, LED etc. The segment is witnessing a huge product demand as it provides excellent dielectric properties such as low shrinkage, thermal stability, etc. The product also acts as a significant barrier to membrane switches and circuits.
Asia Pacific is the prominent region witnessing substantial plastic dielectric films market demand due to propelling end-user industries such as electronics, automobile and renewable sector. Increasing digitalization, FDI investments and urbanization is the major reason driving growth of electronics industry in the region. China dominates the market with a rapidly growing renewable power generation sector. Also, rapidly growing electronics industry in economies like Indonesia, Vietnam and Malaysia is driving the regional market growth of plastic dielectric films.
Global plastic dielectric films market has a strong competitive rivalry supported by presence of various well-established brands in the market. Some of the key market players are SABIC., Toray Industries, Inc., Mitsubishi Chemical Corporation, DuPont Teijin Film. And Steiner GmbH & CO. KG.
Plastic Dielectric Films Market, By Product, 2014-2025 (USD Million)
- Polyethylene terephthalate (PET)
- Polytetrafluoroethylene (PTFE)
- Polyethylene Naphthalate (PEN),
- Polyphenylene Sulfide (PPS)
- Polypropylene (PP)
- Polyvinylidene Difluoride (PVDF)
Plastic Dielectric Films Market, By End User, 2014-2025 (USD Million)
- Electrical & electronics
- Automobile industry
- Wind & solar energy
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Kopaflim Elektrofolien GmbH
- Steiner GmbH & CO KG
- Treofan Group
- Tervakoski Film
- Sungmoon Electronics Co.,Ltd.
- Plastics Capacitors, Inc.
- Toray Industries, Inc.
- Mitsubishi Chemical Corporation
- Bolloré Group
- DuPont Teijin Film
- Coveme spa
- Indorma Ventures Public Company Limited
- Elecktrofolien GmbH
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