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America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market Research Report Information By Film Type (Non-metallized, Metallized) By Film Capacitor Type (AC, DC), By Application (Damping Capacitor, Electronic Circuits, Power Capacitor Film, Others), By Thickness Range (Up to 1 micron, 1 – 10 microns, 10 - 15 microns), By Film Width (Up to 3 meters, 3 - 5 meters, Above 5 meters), By End Use Industry (Automotive, Electronics, Energy) and By Region (America, Europe & India) Forecast to 2032


ID: MRFR/CnM/20528-CR | 128 Pages | Author: Anshula Mandaokar| May 2024

America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market Overview


America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market Size was valued at USD 2,995.9 million in 2022. The Thin Polypropylene Polymer Film for Capacitors Market industry is projected to grow from USD 3,114.4 million in 2023 to USD 4,539.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.28% during the forecast period (2023 - 2032). The growth of the Americas, Europe & India Polypropylene Capacitor Film market depends on serval factors, including the increasing adoption of EVs and HEVs, the rising demand for electronic products and the growing use of polypropylene capacitor films in renewable energy applications. Additionally, the effective use of polypropylene capacitor films is in the automotive and the power industry is creating significant growth opportunities for the polypropylene capacitor film. The changing preferences of the consumers is creating the need for new and highly efficient electronic products and this factor is driving higher requirement for polypropylene capacitor film for manufacturing capacitors which is one of the key components used in the electronic systems. The increasing adoption of electric vehicles and hybrid electric vehicles are further creating significant opportunities for the market, which will further positively influence its market demand in the estimated timeframe. Moreover, the increasing industrial automation is acting as another major factor fueling the market growth.


America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Thin Polypropylene Polymer Film for Capacitors Market Trends



  • INCREASING ADOPTION OF EVS AND HEVS


Polypropylene film is a dielectric material used in the construction of capacitors. They are essential for capacitors as they provide insulation between the capacitor plates, allowing for the storage and release of electrical energy. The unique combination of mechanical, electrical and thermal properties of polypropylene film makes it a suitable choice for the manufacturing of capacitors. Capacitors can experience temperature variations during the operations and the good thermal stability of polypropylene film helps in maintaining the electrical properties of capacitors over the wide temperature range.


Capacitors are very important components used in electric vehicles and hybrid electric vehicles. One of the primary functions of capacitors in these vehicles is in energy storage for regenerative braking systems. In both electric vehicles and hybrid electric vehicles, regenerative braking captures kinetic energy during the deceleration and stores it for later use. Capacitors with their ability to rapidly charge and discharge are ideal for this application, further contributing to increased energy efficiency. Also, capacitors are integral for ensuring stable power delivery in the vehicle’s electrical system. They help in filtering and regulating electrical signals, contributing to smoother and reliable operation. The rising inclination of the population towards using electric vehicles will create a positive impact over the market demand of polypropylene capacitor films. For supporting the adoption of electric vehicles, governments of various nations are taking initiatives, for instance, in US, the Inflation Reduction Act (IRA), passed in August 2022 includes numerous tax incentives and funding programmes to meet the aim of creating a clean energy economy. Part of the act also concentrates on accelerating the adoption of electric vehicles, with dedicated funding drawn from USD 369 billion allocated for climate investments.


EXPANDING ELECTRONICS INDUSTRY


The growing demand for electronic devices is playing a vital role in driving the market of capacitors, in turn favouring the market of polypropylene film used for making capacitors. Capacitors are very crucial components used in electronic circuits by playing a significant role in energy storage, signal filtering and voltage regulation. They store electrical energy and releases it when needed. In electronic devices, capacitors contribute to the functionality and stability of the circuit by smoothing voltage fluctuations and providing proper signal transmission. The demand for electronic products is continuously increasing and the constant evolution of smartphones, smartwatches and other portable devices is creating substantial need for high performance capacitor. Furthermore, the expanding market of smart home appliances and electronic gadgets are contributing to the boosting demand for capacitors, thereby fuelling the market growth of polypropylene film used for making capacitors. Polypropylene film capacitors are used in various household electronics for ensuring the smooth operations of these devices. Evolving consumer lifestyle are creating higher need for wide variety of electronic products as these electronic gadgets have become an integral part of their living. Also, industries are undergoing digital transformation and this transformation involves the integration of electronic devices across various sectors. The need for smaller, lighter and more efficient electronic devices are driving the integration of advanced electronic components and capacitors in energy storage as they play a vital role in performance optimization of the electronic devices. 


INCREASING INDUSTRIAL AUTOMATION


The growing trend towards industrial automation is creating substantial growth opportunities for polypropylene film capacitors which in turn is positively impacting the market growth of polypropylene film used for the production of capacitors. Industrial automation involves the use of control systems, machinery, and advanced technologies to streamline and optimize manufacturing processes. Capacitors play a vital role in these systems by providing energy storage and their smooth functioning.  Polypropylene film capacitors with their low dielectric losses and high insulation resistance are well suited for applications in industrial automation where efficiency and stability are paramount. These types of capacitors find extensive usage in control systems and motor drives within automated manufacturing processes by contributing to the efficient operation of motors. As industries automate various aspects of their production lines, the need and demand for reliable and robust capacitors such as polypropylene films capacitors have increased considerably.


Thin Polypropylene Polymer Film for Capacitors Market Segment Insights:


Thin Polypropylene Polymer Film for Capacitors by Film Type Insights


The America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market segmentation, based on Film Type has been segmented as Non-metallized and Metallized. Among these, the Non-metallized segment is projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. Non-metallized polypropylene films are a key material used in the manufacture of capacitors for electrical applications. The film is made entirely of polypropylene, a thermoplastic polymer known for its excellent electrical insulation properties and resistance to various chemicals. Unlike metallized polypropylene film, no additional metal layer is deposited on the surface. The absence of metal distinguishes non-metallic polypropylene film capacitors, making them ideal for applications that do not require a conductive metal layer or may introduce undesirable effects


Thin Polypropylene Polymer Film for Capacitors by Film Capacitor Type Insights


Based on Transmission Capacity, the America, Europe & India Thin Polypropylene Polymer Film for Film Capacitor Type Market is segmented as AC and DC. Out of which the AC segment dominated base year market and is also projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. AC polypropylene film capacitors are designed for use in alternating current (AC) circuits. These capacitors are known for their excellent performance in high-frequency applications and are ideal for applications such as filtering and coupling in audio, radio frequency (RF) and electronic circuits.


Thin Polypropylene Polymer Film for Capacitors by Application Insights


The America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market segmentation, based on Application has been segmented as Damping Capacitor, Electronic Circuits, Power Capacitor Film, Others. Among these, the Electronic Circuits segment is projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. Polypropylene films are widely used as dielectric materials for capacitors in electronic circuits. Polypropylene film capacitors are widely used in electronic circuits, especially in applications that require high precision and stability.


Thin Polypropylene Polymer Film for Capacitors by Thickness Range Insights


Based on Thickness Range, the America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market is segmented as Up to 1 micron, 1 – 10 microns, 10 - 15 microns. Out of which the 1 – 10 microns segment dominated base year market and is also projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. The increasing demand for 1-10 microns polypropylene film for capacitor applications can be attributed to its unique combinations of properties that makes it suitable for capacitor application by offering excellent dielectric properties.


Thin Polypropylene Polymer Film for Capacitors by Film Width Insights


The America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market segmentation, based on Film Width has been segmented as Up to 3 meters, 3 - 5 meters, Above 5 meters. Among these, the 3 - 5 meters segment is projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. The growing trend towards miniaturization in electronic products in addition to increased need for high performance capacitors in various industrial sectors, the demand for thin polypropylene films is increasing.


Thin Polypropylene Polymer Film for Capacitors by End Use Industry Insights


The America, Europe & India Thin Polypropylene Polymer Film for Capacitors Market segmentation, based on by End Use Industry has been segmented as Automotive, Electronics, Energy. Among these, the Electronics segment is projected to dominate the America, Europe & India Thin Polypropylene Polymer Film for Capacitors market revenue through the projected period. In capacitor polypropylene film use as the dielectric. PP film capacitors are used for high-frequency high-power applications such as induction heating, for pulsed power energy discharge applications, and as AC capacitors for electrical distribution.


Thin Polypropylene Polymer Film for Capacitors Regional Insights


Based on Region, the Thin Polypropylene Polymer Film for Capacitors market is segmented into Americas, Europe, India. The Europe Thin Polypropylene Polymer Film for Capacitors market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. The demand for PP capacitor films in this region is driven by the expanding trend towards renewable energy systems and electric vehicles. An important factor in the expansion of the European PP capacitor film market is the automotive sector. As sales of electric vehicles increase in countries such as Germany and the UK, the demand for PP capacitor films in applications such as battery management systems will increase.


Thin Polypropylene Polymer Film for Capacitors Key Market Players & Competitive Insights


Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Thin Polypropylene Polymer Film for Capacitors Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.


The Thin Polypropylene Polymer Film for Capacitors market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Thin Polypropylene Polymer Film for Capacitors Market are Xpro India Limited, Bolloré Group, Tervakoski Film, Birkelbach Kondensatortechnik GmbH, Toray Industries, Inc., PAN Electronics (INDIA) LTD, Cosmo Films, Shin-Etsu Chemical Co., Ltd., Priya Capacitors Pvt. Ltd. , Dhruv Industries Limited. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.


Xpro India Limited: Xpro India Limited is a multi-division, multi-locational company with a strong focus on the polymer processing industry. Established as a separate entity in 1998, the units comprising Xpro India Limited have long been in existence. Xpro India Limited is a dynamic and youthful organization and brings years of experience. Xpro India Limited is an integral part of the BIRLA group, India's largest and most renowned global industrial manufacturing and trading company. The BIRLA Group has many divisions and many listed companies and is headed by a member of the Birla Family. Sharing a heritage of more than 140 years, these companies are involved in a wide range of business activities, have recognized achievements in their respective fields and value integrity, good management, and progressive.


Bollore Group: Established in 1822, the Bollore group is counted among the 500 largest companies in the world. Service offerings comprise of seven main areas: Multimodal Transport, Trade Compliance, Contract Logistics, Global Supply Chain, Industrial Projects, E-commerce, and Customer Value. The Bollore group is the world leader in dielectric film for capacitor, electric components which are used to store energy. The film division, under the name Bollore film, includes: Bollore film packaging and Bollore Films Dielectriques. Bollore Films Dielectriques involves in production of ultra-thin plastic film, the main component of high value-added capacitors, which contribute in particular to the optimization of electricity networks and the development of renewable energies.


Key Companies in the Thin Polypropylene Polymer Film for Capacitors Market includes.



  • Xpro India Limited

  • Bolloré Group

  • Tervakoski Film

  • Birkelbach Kondensatortechnik GmbH

  • Toray Industries, Inc.

  • PAN Electronics (INDIA) LTD

  • Cosmo Films

  • Shin-Etsu Chemical Co., Ltd.

  • Priya Capacitors Pvt. Ltd.

  • Dhruv Industries Limited,


Thin Polypropylene Polymer Film for Capacitors Industry Developments


December 2023: Cosmo Films has launched metalized electrical grade BOPP films for capacitor application. These Films are used for capacitor manufacturing of various types of AC and DC capacitors. These capacitors have diverse applications ranging from electronics appliances, industrial applications, power electronics, automobiles, electric vehicles, renewable power systems, etc.


June 2022: Tervakoski Films Group has announced that major investment in cutting-edge technology to start a new era of capacitor film production in Europe.


Thin Polypropylene Polymer Film for Capacitors Market Segmentation:


Thin Polypropylene Polymer Film for Capacitors Film Type Outlook



  • Non-metallized

  • Metallized


Thin Polypropylene Polymer Film for Capacitors Film Capacitor Type Outlook



  • AC

  • DC


Thin Polypropylene Polymer Film for Capacitors Application Outlook



  • Damping Capacitor

  • Electronic Circuits

  • Power Capacitor Film

  • Others


Thin Polypropylene Polymer Film for Capacitors Thickness Range  Outlook



  • Up to 1 micron

  • 1 – 10 microns

  • 10 - 15 microns


Thin Polypropylene Polymer Film for Capacitors Film Width Outlook



  • Up to 3 meters

  • 3 - 5 meters

  • Above 5 meters


Thin Polypropylene Polymer Film for Capacitors End Use Industry Outlook



  • Automotive

  • Electronics

  • Energy


Thin Polypropylene Polymer Film for Capacitors Regional Outlook



  • Americas

    • US

    • Canada

    • Mexico

    • Brazil

    • Rest of Americas



  • Europe

    • Germany

    • Italy

    • France

    • UK

    • Spain

    • Russia

    • Poland

    • Netherlands

    • Sweden

    • Rest of Europe



  • India

Report Attribute/Metric Details
Market Size 2022 USD  2,995.9 million
Market Size 2023 USD 3,114.4 million
Market Size 2032 USD 4,539.7 million
Compound Annual Growth Rate (CAGR) 4.28% (2023-2032)
Base Year 2022
Forecast Period 2023-2032
Historical Data 2018 & 2021
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Film Type, Film Capacitor Type, Thickness Range, Film Width, Application, End Use Industry and Region
Geographies Covered America, Europe, India
Countries Covered US, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Russia, Poland, Netherlands, Sweden
Key Companies Profiled Xpro India Limited, Bolloré Group, Tervakoski Film, Birkelbach Kondensatortechnik GmbH, Toray Industries, Inc., PAN Electronics (INDIA) LTD, Cosmo Films, Shin-Etsu Chemical Co., Ltd., Priya Capacitors Pvt. Ltd. , Dhruv Industries Limited
Key Market Opportunities ·       Increasing industrial automation
Key Market Dynamics ·       Increasing adoption of EVs and HEVs ·       Expanding electronics industry


Frequently Asked Questions (FAQ) :

US$ 2,995.9 Mn

4.28%

Europe

Xpro India Limited, Bolloré Group, Tervakoski Film, Birkelbach Kondensatortechnik GmbH, Toray Industries, Inc., PAN Electronics (INDIA) LTD, Cosmo Films, Shin-Etsu Chemical Co., Ltd., Priya Capacitors Pvt. Ltd. , Dhruv Industries Limited

Non-metallized

AC

Electronic Circuits

1 – 10 microns

3 - 5 meters

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