Market Size of Plastic Film Capacitors Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.31 Billion |
Market Size (2029) | USD 2.94 Billion |
CAGR (2024 - 2029) | 4.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Plastic Film Capacitors Market Analysis
The Plastic Film Capacitors Market size is estimated at USD 2.31 billion in 2024, and is expected to reach USD 2.94 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
Plastic Film capacitors primarily include multiple families of capacitors that use different plastics as dielectric materials. They significantly replace paper-type capacitors in applications such as audio, radio circuits, and circuits operating at low to moderate voltages. Some of the commonly used plastics in these capacitors include polycarbonate, polypropylene (PP), polyester (PET), polystyrene, polysulfone, Kapton polyimide, Teflon (PTFE fluorocarbon), and metalized polyester (metalized plastic).
- The significant advantage of using a plastic film capacitor is that it has a low distortion factor and exceptional frequency characteristics. Also, the wide range of plastic films that are used for these capacitors makes them versatile. These capacitors do not wear off quickly and are suited for high-voltage and high-frequency applications such as coupling and decoupling circuits and audio circuit ADCs.
- With a rising focus on sustainable solutions across various industries for power generation, the demand for solar and wind power inverters has increased. To cater to this, vendors are introducing new plastic-film capacitors. For instance, in May 2021, New Yorker Electronics introduced CDE-Illinois capacitors (33 to 220 uF and up to 1,440 WVDC, -40°C to +85°C) that are manufactured with low-profile metalized polypropylene film and offer high capacitance. The product is designed for applications such as DC links, electric heaters, motor drives, induction heaters, UPS systems, and solar and wind power inverters.
- Moreover, the adoption of wearables in the healthcare sector has been gaining traction in recent times, which, in turn, has been one of the significant factors influencing the market studied. The major trends in wearable connected devices include the increasing demand for pain management wearable devices and the increased use of wearables for cardiovascular disease management, among others.
- Further, in April 2022, Electroninks, Inc. announced the production-scale availability of its full suite of proprietary metal-organic decomposition (MOD) conductive metal ink solutions. In addition to bringing standalone ink products to market, Electroninks is also bringing total solutions to the customer with its line of ink products, including its own small desktop prototype additive manufacturing solution for rapid on-demand printed circuit board (PCB) printing and repair, called CircuitJet. These developments will also drive the study market.
- The COVID-19 pandemic led to immense disruptions in supply chains across industries globally. Many businesses globally halted or reduced operations to help combat the spread of the virus. However, in post pandemic scenario, the electronic components market, leading to increased operation levels across the supply chain for raw materials and component production levels. This denoted a rise in sales among a range of regions and countries.
- Moreover, electronic components are resource-intensive. The materials consumed in the mass production of surface-mount electronic components usually come in the form of engineered powders and pastes, making up the largest "variable cost" associated with producing passive components like capacitors.
Plastic Film Capacitors Industry Segmentation
A capacitor is an electronic component that stores electrical energy in an electric field. The capacitor consists of two metal plates separated by a non-conductive material called the dielectric. When voltage is applied to the capacitor, an electric field between the plates builds up. This electric field stores energy until it is discharged through the circuit. Two thin plastic sheets separated by a thin metal foil layer comprise plastic film capacitors. They are used in various applications, including power supplies, TV sets, and computers.
The plastic film capacitors market is segmented by type (polypropylene, polyethylene, and other types), applications (automotive, telecommunications, industrial, aerospace & defense, consumer electronics, medical, and other applications), and geography (Americas, Europe, Middle East & Africa, Asia-pacific (excl. Japan & Korea, and Japan & Korea). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Type | |
Polypropylene | |
Polyethylene | |
Other Types (PTFE, PPS, etc.) |
Applications | |
Automotive | |
Telecommunications | |
Industrial | |
Aerospace & Defense | |
Consumer Electronics | |
Medical | |
Other Applications |
Geography | |
Americas | |
Europe, Middle East & Africa | |
Asia-Pacific (Excl. Japan and Korea) | |
Japan and Korea |
Plastic Film Capacitors Market Size Summary
The plastic film capacitors market is poised for steady growth, driven by their increasing adoption in various applications due to their advantageous properties. These capacitors, which utilize diverse plastic materials as dielectrics, are replacing traditional paper-type capacitors in sectors such as audio and radio circuits, as well as low to moderate voltage applications. The versatility of plastic film capacitors, attributed to their low distortion factor and exceptional frequency characteristics, makes them suitable for high-voltage and high-frequency applications. The rising demand for sustainable energy solutions, particularly in solar and wind power inverters, is further propelling the market. Innovations in capacitor technology, such as those introduced by New Yorker Electronics and Electroninks, are enhancing the capabilities and applications of plastic film capacitors, particularly in energy-efficient and high-performance devices.
The market is also experiencing growth due to the surge in consumer electronics, where capacitors play a crucial role in antenna systems and camera flash modules. The demand for wearables in the healthcare sector is another significant factor contributing to market expansion. The Asia-Pacific region, especially China, is a key market due to its booming automotive industry and the increasing popularity of electric vehicles. Major players in the market, including Panasonic Corporation, Vishay Intertechnology Inc., and TDK Corporation, are focusing on expanding their global presence through strategic collaborations. Recent developments, such as Electrocube's high-power inverter capacitors and SABIC's advanced dielectric films, are expected to further drive market growth by offering enhanced performance and efficiency in various applications.
Plastic Film Capacitors Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of Substitute Products
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1.2.4 Threat of New Entrants
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of Macro Economic Trends on the Industry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Polypropylene
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2.1.2 Polyethylene
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2.1.3 Other Types (PTFE, PPS, etc.)
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2.2 Applications
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2.2.1 Automotive
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2.2.2 Telecommunications
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2.2.3 Industrial
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2.2.4 Aerospace & Defense
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2.2.5 Consumer Electronics
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2.2.6 Medical
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2.2.7 Other Applications
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2.3 Geography
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2.3.1 Americas
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2.3.2 Europe, Middle East & Africa
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2.3.3 Asia-Pacific (Excl. Japan and Korea)
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2.3.4 Japan and Korea
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Plastic Film Capacitors Market Size FAQs
How big is the Plastic Film Capacitors Market?
The Plastic Film Capacitors Market size is expected to reach USD 2.31 billion in 2024 and grow at a CAGR of 4.90% to reach USD 2.94 billion by 2029.
What is the current Plastic Film Capacitors Market size?
In 2024, the Plastic Film Capacitors Market size is expected to reach USD 2.31 billion.