Global Plastic Dielectric Films Market – Industry Trends and Forecast to 2029

Global Plastic Dielectric Films Market, By Product (Polyethylene Terephthalate, Polypropylene, Polytetrafluoroethylene, Polyethylene Naphthalate, Others), Application (Automobiles, Electrical and Electronics, Solar and Wind Energy Systems, Aircrafts, Others), End User (Electronics, Automotive, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

The global plastic dielectric films market is rising at a substantial pace due to some major driving factors such as growing demand from energy and power industry due to its cost-effectiveness properties. Also, growing demand from several end user industries, such as high emissivity, refractory operating temperatures, and recyclable are expected to drive the demand for plastic dielectric films in the upcoming years. Likewise, rising usage of electrical appliances and lack of alternatives for electricity may provide a profitable opportunity for the market players during forecast period.

Data Bridge Market Research analyses that the plastic dielectric films market was valued at USD 1.13 billion in 2021 and is expected to reach USD 1.53 billion by 2029, registering a CAGR of 3.85 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Plastic dielectric films are generally engaged as insulators which can transmit a small amount of electricity at a high temperature. The dielectric constant, as well as the dissipation factor, are two important factors which influence the plastic film's dielectric properties. This product has stronger pressure resistance, low thermal resistance and lower application pressure. The films have been widely used in capacitors and integrated circuits in a variety of electronic devices.

Plastic dielectric films Market Dynamics

Drivers

• Rise the demand of Polyethylene terephthalate (PET) plastic dielectric film

Polyethylene terephthalate (PET) plastic dielectric film is likely to lead the whole plastic dielectric films market due to some qualities such as superior chemical resistance, good strength, high stiffness, and damage tolerance. PET plastic film is a fully recyclable material that can be converted into sheets, fibres, and textiles for use in the production of automotive components. The higher demand for PET-based dielectric film is expected to drive the market growth rate.

• Higher demand in electronic sector

Plastic dielectric films are mainly used in power electronic invertors and converters on a modest scale. The rising demand for high-tech electronic goods including tablets, touchscreen cell phones, audio pods and laptops are expected to drive the plastic dielectric films industry. Plastic dielectric films have a number of benefits in the electronic and digital sectors, including low absorption, small design, lightweight, high emissivity, and refractory temperature conditions. Due to higher benefits of plastic dielectric films are expected to drive the revenue growth of the market.

Opportunities

Rising demand for electrical and electronic goods in both emerging and developed markets, as well as a rapidly expanding solar market due to increased capacity. Growing demand for plastic dielectric films in the automotive industry due to their high dielectric constant and dissipation factor are some of the major factors expected to drive the growth of the plastic dielectric films market in the coming years. On the other hand, rising demand for electronic products such as PCs, smartphones, and tablets will open up new opportunities for the plastic dielectric films market in the coming years.  

Restraints/ Challenges

However, raw materials which is used for plastic dielectric films are derived from heavy petroleum. So, the fluctuation in the price of petroleum affects the cost of the polymers which is used for dielectric films. This is a main restraint factor to the plastic dielectric market as the cost of raw material plays a vital role in the determination of market price. Furthermore, the availability of raw materials can also obstruct the market growth for this product. Also, environmental regulations also play a significant role, as more consumers which are realizing the benefits of eco-friendly materials.

This plastic dielectric films market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic dielectric films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Plastic dielectric films Market

COVID-19 had a significant impact on several businesses all across the globe. The COVID-19 pandemic has emerged as an obstacle which is producing a halt in the supply chain and lack of raw materials, resulting in a market standstill. During the covid-19 pandemic, numerous plastic dielectric film companies were affected in a variety of ways and they are now focusing on long-term expansion, which are expected to maintain the market's growth rate slightly.

Recent Development

• In July 2020, KEMET whch is a prominent provider of electrical components, has declared three series of PP capacitor films such as C44P-R, C44U-M and R75H. These devices were produced with high-power conversion software systems in mind, including renewable energy, industrial and power storage.

Global Plastic dielectric films Market Scope

The plastic dielectric films market is segmented on the basis of products, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Polyethylene Terephthalate
• Polypropylene
• Polytetrafluoroethylene
• Polyethylene Naphthalate
• Others

Application

• Automobiles
• Electrical and Electronics
• Solar and Wind Energy Systems
• Aircrafts
• Others

 End User

• Electronics
• Automotive
• Others

Plastic dielectric films Market Regional Analysis/Insights

The plastic dielectric films market is analysed and market size insights and trends are provided by country, products, application and end-user as referenced above.

The countries covered in the plastic dielectric films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the plastic dielectric films market in terms of market share during the forecast period. This is due to the growing demand for plastic dielectric films in this region. Asia-Pacific region dominates the plastic dielectric films market because of the increasing demand for dielectric films in industries namely solar and wind energy, automotive and electrical and electronics in this region.

During the projected period, North America is expected to be the fastest developing region due to the due to the increasing adoption of dielectric films in solar panels in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Plastic dielectric films Market Share Analysis

The plastic dielectric films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic dielectric films market.

Some of the major players operating in the plastic dielectric films market are:

• TORAY INDUSTRIES, INC. (Japan)
• KunststoffWeb GmbH (Germany)
• SABIC (Saudi Arabia)
• Steiner GmbH & Co. KG (Germany)
• Treofan Group (Germany)
• Mitsui Chemicals, Inc. (Japan)
• Tervakoski Films (Slovakian)
• Electro Technik Industries inc. (U.S.)
• Bolloré Dielectric (France)
• Kopafilm Elektrofolien GmbH (Germany)
• COVEME s.p.a. (Germany)
• Indorama Ventures Public Company Limited (Thailand)
• GTS Flexible Materials (U.K.)
• Steinerfilm, Inc. (U.S.)
• Ganapathy Industries (India)
• SMEC Electronics India Private Limited (India)
• Steiner Electric, Inc. (U.S.)
• Dupont Teijin Films U.S. Limited (U.S.)