Global plastic dielectric films market is expected to increase owing to increasing electronic components demand coupled with growing per capita disposable income. Increasing application scope in capacitors manufacturing is expected to drive the overall demand. Capacitors find wide range of application in electronic industry such as power electric convertors, backlighting in laptops and inverters. Increasing demand for smart phones, laptops, music pods and laptops in emerging economies of Asia Pacific and Middle East & Africa is anticipated to expand market share over the forecast period. Plastic dielectric films are widely preferred owing to properties such as low absorption, compact size, refractory operating temperatures and high emissivity. They can be further used for electronic circuits and lighting ballasts production.
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Increasing electricity demand owing to population expansion coupled with industrial development in regions such as Asia Pacific, Middle East and Latin America is projected to fuel market growth. Rising popularity in sensory applications such as televisions and laptops owing to aforementioned properties is projected to propel market growth. Key dielectric films include polyphenylene sulfide (PVS), polyethylene naphthalate (PEN), polyvinylidene difluoride (PVDF), polytetrafluoroethylene (Teflon), polypropylene (PP) and polyethylene terephthalate (PET). Crude oil price fluctuation is anticipated to hinder market growth and challenge industry participants. Petrochemicals are the main source of raw material for plastic dielectric films production and price volatility is expected to limit market penetration.
Increasing application in renewable energy systems such as solar and wind energy systems is expected to provide productive opportunities for market participants over the next seven years. Rising awareness coupled with shift towards renewable energy sources is projected to benefit market growth.
Asia Pacific is anticipated to exhibit high growth rates due to region’s increasing middle-class disposable income coupled with high electricity demand in emerging economies such as China, India, Japan and Thailand. Rising living standards coupled with changing lifestyle is expected to fuel market growth in the region. North America is expected to witness significant growth owing to these films being regarded as conventional films substitutes. Increasing renewable energy production in Europe is expected to drive market growth in the region over the next seven years.
Key players operating in the market are Steiner Electric Company, Treofan Germany GmbH & Co., Bollore Group, Toray Industries, Shanghai Xishu Electronic Materials Company and Mitsubishi Chemicals.
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