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(MoneyNewsWire.Net, July 17, 2018 ) The Plastics dielectric films market is expected to register a moderate CAGR during the forecasted period, 2018-2023. The market is driven by many factors, such as growing demand for consumer electronics, in addition to, rising demand from renewable systems, such as wind & solar energy systems.
Key Leading Major Players: Treofan Germany GmbH & Co., Mitsubishi Chemicals, Toray Industries, SMEC Limited, Bolloré Group, Shanghai Xishu Electronic Material Company Ltd, and Steiner Electric among others.
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Growing Demand for Consumer Electronics
Plastic dielectric films are used in the manufacture of capacitors and they find major applications in consumer electronics, such as smartphones, laptops, and music pods. The demand for consumer gadgets is rapidly increasing in emerging economies of Asia Pacific and Middle East & Africa. Increasing application scope in capacitors manufacturing is expected to drive the overall demand. Also, the capacitors are employed during PCB’s manufacture and growing PCB’s because of rising investments is expected to drive the market. In Feb 2018, Wistron, one of the leading Taiwanese contract manufacturers, has announced to relocate a PCB manufacturing plant from China to India with the investment of USD 1 billion.
“Solar & Wind Energy Systems” the Fastest Growing Segment
Based on application, solar & wind energy systems are expected to be the fastest growing segment. This is because of rising momentum of solar market in response to increasing solar capacities because of government incentives in Asia-Pacific economies, along with increasing investments in Middle East and African countries. In India, The government has released incentives and policies to increase the rooftop solar installations in order to reach its target of 40 GW by 2022. According to the US Department of Energy, utility-grade solar panels have hit 2020 cost targets three years early because of the growing demand.
Asia-Pacific - the Largest Market Share Holder
Asia Pacific is the largest market for plastic dielectric films with a share of greater than 35%. This is in response to growing electronics industries in China, India etc. In China, production and usage of LCD/LED TVs and other electronic devices such as mobile phones, tablets etc., are increasing substantially. Also, China is embracing cutting-edge display technologies with an aim to become largest supplier of display panels by 2019. Global leaders, such as Evonik Industries, Essen Germany & Dow etc., are concentrating more in China.
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