Plastic Film Capacitors Market Size (2024 - 2029)

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.