Plastics Dielectric Films Market - Forecast(2023 - 2028)

Report Code: CMR 46369 Report Format: PDF + Excel

Plastics Dielectric Films Market Overview

Plastic Dielectric Films Market size is forecast to reach $1.39 billion by 2026, after growing at a CAGR of 3.6% during 2021-2026 with wide usage in geothermal and tidal energy sources for power generation. The plastic dielectric film offers high stability, long shelf life, low equivalent series resistance, low self-inductance, and a high ability to absorb power surges. These films are derived from heavy byproducts of petroleum such as ethylene glycol and terephthalic acid. Plastic film delivers high reliability under extreme environmental conditions compared to other dielectric materials. Plastic film devices have lower equivalent series resistance and dissipation factor. Hence, the adoption of polyethylene terephthalate films is increasing in various electronic gadgets such as cell phones, TVs, microwaves, and tablets, which is expected to grow the plastic dielectric films industry.

The COVID-19 pandemic has been posing a measurable impact on the global economy and, in turn, on the plastic dielectric films market. COVID-19 has caused a lot of impact on plastic dielectric film production, demand, and supply chain. Due to the COVID pandemic, the production of consumer goods was stopped which in turn affected the plastics dielectric films market.

Plastics Dielectric Films Market Report Coverage

The report: “Plastics Dielectric Films Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastics Dielectric Films Industry.

By Product: Polypropylene (PP), Polyester (PE), Polycarbonate (PC), Polystyrene (PS), Polytetrafluoroethylene (PTFE), Polyethylene Naphthalate (PEN), Polyphenylene Sulphide (PPS), Polyimide (PI), Polyethylene Terephthalate (PET), Polyurea (PU), Polyvinylidene Difluoride (PVDF)
By Application: Electrical & Electronics (LEDs, Smartphones, Computers, LCDs, Microwave Devices, Others), Automotive (Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Aerospace (Commercial, Military, Others), Wind & Solar Energy System, and others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific dominates the plastics dielectric films market owing to increasing demand from consumer electronic products such as smartphones, tablets, LCDs, and other electronic gadgets.
  • Increasing adoption from electrical & electronics, renewable sector, and automotive for recyclable polyethylene terephthalate plastic film will be increasing the market for plastics dielectric films soon.
  • Ethylene glycol and terephthalic acid are key raw materials, which are derived from crude oil, used in the production of the plastic dielectric film market. So the fluctuation of crude oil may hamper the market growth. 

Figure: APAC Plastics Dielectric Films Market Revenue, 2021-2026 (US$ Billion)

 

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Plastics Dielectric Films Market Segment Analysis – By Product

Polyethylene terephthalate (PET) plastic film is expected to lead the plastics dielectric films market by product segment in 2020 due to various properties such as extreme durability, dimensional stability, excellent chemical resistance, and abrasion resistance. PET plastic film is a fully recyclable product that can be converted into fibers, fabrics, and sheets for the manufacturing of automotive parts. In addition, polyethylene terephthalate is widely used in the electrical & electronics industry with excellent electrical insulating properties, high structural and dimensional stability. Hence, the properties of PET is highly suitable for high voltage alternate current (AC) and direct current (DC) system. Thus, all factors are increasing the usage of PET as plastics dielectric films.

Plastics Dielectric Films Market Segment Analysis – By Application

Electrical & electronics segment dominated the plastics dielectric films market in 2020 and is growing at a CAGR of 3.8% during 2021-2026. Plastics dielectric films offer high stability, long shelf life, and a high ability to absorb power surges. These are extensively used in electrical applications, such as telecommunication, power transmissions wire & cable, and other display technologies including LCD, LEDs, and OLEDs. Plastic films are frequently used to provide electrical insulation in various applications including aerospace electrical design, printed circuit boards, capacitors, radiofrequency and microwave circuits, electrical wiring, high voltage equipment, and so on. It is frequently used for insulation of electric wiring in computer applications, which will be propelling the demand for plastic dielectric films.

Plastics Dielectric Films Market Segment Analysis - By Geography 

Asia Pacific dominated the plastics dielectric films market with a share of 30% in 2020 owing to an increase in demand for energy due to the rise in industrialization and digitalization in developing countries such as China, and India. The demand for plastics dielectric films rapidly increases from various end-use industries such as electronics, automobile, and renewable sectors in the region. Apart from this, China dominates the market with a rapidly growing renewable power generation sector. Most of the electricity in China comes from coal, which accounted for 65% of the electricity generation mix in 2019. As of 2020, China installed solar power with a capacity of 240GW and wind power with a capacity of 240 GW. Also, the rapidly growing electronics industry, mainly in Southeast Asian countries such as Vietnam, and Malaysia is driving the regional market growth of plastic dielectric films. According to the International Trade Center (ITC), in Malaysia, the LED TVs exportation increased by US$ 5.3 million in 2020 as compared to US$ 4.05 million in 2019. Additionally, in Vietnam, TV exportation increased from US$ 56.3 million in 2019 to US$ 69.6 million in 2020. Hence, such factors are growing demand for plastics dielectric films during the projected era.

Plastics Dielectric Films Market Drivers

Increasing Demand from Electrical & Electronics Sector

Plastics dielectric films are widely used in consumer electronic products such as LCD, TVs, PCs, printers, and media tablets, as these are lightweight, small in size, and cost-efficient. Polycarbonate materials are widely used in smartphones due to their high impact resistance, good temperature resistance, and flexibility. Plastic dielectric films are providing excellent dielectric properties such as low shrinkage and thermal stability, thus it is widely used in display technologies such as LCDs, smartphones, and LEDs. According to the India Brand Equity Foundation (IBEF), smartphone users are expected to reach 780 million in 2021, thus the Indian Government set a target to produce smartphones around US$ 190 billion by 2025. Hence, such factors are increasing the market size. 

Increasing Consumption in Renewable Energy Sector

Plastic dielectric films are widely used in renewable energy systems, such as solar, wind, geothermal, and tidal energy, as they possess properties such as refractory operating temperature and compact size. Plastic dielectric films have the highest power density because of their ultra-fast charge and discharge capability. Hence, due to various properties, the consumption of plastic dielectric films in solar systems is continuously increasing. According to the India Brand Equity Foundation (IBEF), India is expected to invest worth US$ 500 billion in the renewable energy sector by 2028. In addition, according to the International Energy Agency (IEA), the global solar photovoltaics development is forecast to reach 162 GW by 2022. Hence, such factors are is estimated to grow the market size.

Plastics Dielectric Films Market Challenges

Volatile Raw Material Prices

Plastics are derived from natural, organic materials such as cellulose, coal and natural gas, salt, and crude oil. Most polymers are obtained from crude oil often found deep within the earth's crust. It is accessed by drilling, which can be a costly and messy process. Plastic polymer, ethylene glycol, terephthalic acid are basic raw materials for the production of plastic dielectric films, which are also derived from crude oil. According to BP static, Oil prices declined US$64.21/bbl in 2019 as compared with US$71.31/bbl in 2018. Hence, the fluctuation of crude oil prices and the costly process may hamper the production of plastics dielectric films.

Plastics Dielectric Films Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Plastics Dielectric Films market. Major players in the Plastics Dielectric Films Market are Treofan Group, Toray Plastics (America) Inc., Bollore Group, Steiner GmbH & CO. KG, DuPont Teijin Films, Mitsui Chemicals, Inc., Kopafilm Elektrofolien GmbH, Tervakoski Films Group, Birkelbach Kondensatortechnik GmbH, Shin-etsu Film Company Limited, Sungmoon Electronics Co. Ltd., Wenling Wanbao Capacitor Factory (Taizhou Yongji Electronics Co., Ltd.), PPI Adhesive Products (C.E.) S.r.o., Tricor Packaging, Arcwise Packaging, Inc., and others.

Acquisitions/Technology Launches

  • In July 2020, KEMET, a leading supplier of electronic components, launched three series of PP capacitor films: C44U-M, C44P-R, and R75H. The products were primarily designed for high power conversion system applications across industrial, green energy, and energy storage systems.

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1. Plastics Dielectric Films Market- Market Overview
    1.1 Definitions and Scope 
2. Plastics Dielectric Films Market - Executive Summary
    2.1 Key Trends by Product
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Plastics Dielectric Films Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Plastics Dielectric Films Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Plastics Dielectric Films Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6.Plastics Dielectric Films Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Plastics Dielectric Films Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Plastics Dielectric Films Market – By Product (Market Size -$Million/Billion)
    8.1 Polypropylene (PP)
    8.2 Polyester (PE)
    8.3 Polycarbonate (PC)
    8.4 Polystyrene (PS)
    8.5 Polytetrafluoroethylene (PTFE)
    8.6 Polyethylene Naphthalate (PEN)
    8.7 Polyphenylene Sulphide (PPS)
    8.8 Polyimide (PI)
    8.9 Polyethylene Terephthalate (PET)
    8.10 Polyurethane 
    8.11 Polyvinylidene Difluoride (PVDF)
    8.12 Others
9. Plastics Dielectric Films Market – By Application (Market Size -$Million/Billion)
    9.1 Electrical & Electronics
        9.1.1 LEDs
        9.1.2 Smartphones
        9.1.3 Computers
        9.1.4 LCDs
        9.1.5 Microwave Devices
        9.1.6 Others
    9.2 Automotive
        9.2.1 Passenger Vehicles
        9.2.2 Light Commercial Vehicles (LCV)
        9.2.3 Heavy Commercial Vehicles (HCV)
    9.3 Aerospace
        9.3.1 Commercial
        9.3.2 Military
        9.3.3 Others
    9.4 Wind & Solar Energy System 
    9.5 Others
10. Plastics Dielectric Films Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 UK
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherlands
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia-Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 South Korea
        10.4.5 Australia and New Zeeland
        10.4.6 Indonesia
        10.4.7 Taiwan
        10.4.8 Malaysia
        10.4.9 Rest of APAC
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11.Plastics Dielectric Films Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Plastics Dielectric Films Market – Market Share Analysis Premium
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Comapny Benchmarking Matrix - Major comapnies 
13. Plastics Dielectric Films Market – Key Company List by Country Premium Premium
14. Plastics Dielectric Films Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"