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.
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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.
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.
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 plastic dielectric films market growth .
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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
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Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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