Home > Chemicals & Materials > Plastic Dielectric Films Market
Plastic Dielectric Films Market Size
Plastic Dielectric Films Market will register significant growth between 2024 and 2032, propelled by increasing research and development efforts within the field. As advancements in material science and manufacturing processes continue to evolve, there is a growing focus on enhancing the performance and properties of dielectric films.
For instance, in October 2023, a groundbreaking nanosheet device with unparalleled energy storage capabilities was engineered, surpassing conventional research on dielectric capacitors. Developed by researchers from Nagoya University in Japan belonging to the Institute for Materials and Systems for Sustainability, this nanosheet technology addresses the limitations of dielectric capacitors. With the potential to revolutionize energy storage applications, dielectric capacitors could drive innovation in clean energy technologies. The findings of this study, titled 'Ultrahigh Energy Storage in 2D High-κ Perovskites,' are published in the journal Nano Letters.
These efforts lead to the development of innovative solutions with improved electrical insulation, thermal stability, and durability. Consequently, industries such as electronics, automotive, and renewable energy drive the demand for plastic dielectric films, fostering market growth and innovation.
Plastic dielectric films market witnesses heightened demand driven by increasing product launches and developments in the field. As companies focus on innovation, there's a surge in the introduction of advanced dielectric films with enhanced electrical insulation, thermal stability, and performance characteristics. These developments cater to diverse applications across industries such as electronics, automotive, and renewable energy, driving market growth. With a continuous stream of new and improved products entering the market, the demand for plastic dielectric films continues to rise, fostering innovation and market expansion.
For instance, in May 2023, Borealis introduced a groundbreaking engineering thermoplastic, Stelora resin, aimed at advanced applications where high-temperature polymers are currently utilized. Developed in collaboration with TOPAS Advanced Polymers, Stelora resin combines clear, high-purity cyclic olefin copolymer (COC) with Borealis' Bornewables feedstock, derived from waste like used cooking oils. The resulting material, ethylene-propylene-norbornene (EPN), is 80% renewable and ideal for biaxially oriented dielectric capacitor film applications in energy-saving power semiconductors.
Plastic dielectric films market faces constraints stemming from several factors. Regulatory compliance, particularly with safety and environmental standards, imposes challenges on manufacturers. Fluctuating raw material prices and supply chain disruptions can affect production costs and market stability. Additionally, limited awareness and understanding of dielectric film technologies among end-users hinder market penetration. Technological limitations and the need for continuous innovation also pose barriers to market growth. Addressing these restraints requires strategic approaches to enhance product quality, affordability, and market education.
Plastic Dielectric Films Market Trends
Plastic dielectric films industry is experiencing significant trends driven by rising innovations and useful product creations by leading companies. These companies are continuously investing in research and development to introduce advanced dielectric film technologies with enhanced properties such as improved electrical insulation, thermal stability, and durability. With a focus on addressing evolving customer needs, these innovations cater to diverse applications across industries such as electronics, automotive, and renewable energy. As a result, the market witnesses continuous growth fueled by the introduction of innovative and efficient dielectric film solutions.
Citing an instance, in July 2021, Toray Industries of Japan successfully developed a high-performance polybutylene terephthalate (PBT) boasting a remarkable 40% reduction in dielectric losses within the high-frequency millimeter wave band compared to conventional PBT variants. This advancement comes without compromising dimensional stability or moldability. Toray anticipated that this material would significantly enhance the performance of various components, including communication modules, high-speed transmission connectors, and millimeter wave radars, particularly in applications for 5G base stations and automated driving systems.
Plastic Dielectric Films Market Analysis
PP (polypropylene) is expected to emerge as a major product segment for the plastic dielectric films industry by 2032 since these products possess beneficial attributes like low dissipation factors, high insulation resistance, and low dielectric absorption. PP dielectric films are used extensively in hybrid EVs, oil & gas exploration, and power grids, among other applications. With the increasing demand for electronic devices, automotive components, and renewable energy systems, the demand for PP-based dielectric films continues to rise. As industries prioritize efficiency and performance, PP remains a key growth driver in the dielectric films market.
North America plastic dielectric films market will emerge as a prominent revenue pocket, given the presence of strong industrial sectors like automotive in countries like the US. According to NADA (National Automobile Dealers Association) estimates, new light-vehicle sales were expected to reach 16.3 million units for 2021, based on Q1 sales statistics during the year, which could, in turn, boost demand for polymeric dielectric films, given their usage as insulation materials in automotive applications.
Plastic Dielectric Films Market Share
Major companies operating in the plastic dielectric films industry competitive landscape include:
- Toray Industries Inc.
- SABIC
- Mitsubishi Chemical Corporation
- Steiner GmbH & CO. KG
- DuPont Teijin Film
Plastic Dielectric Films Industry News
In August 2023, SABIC announced that it is set to unveil new findings demonstrating substantially reduced internal dissipation losses in its high-heat ELCRES HTV150A dielectric films, potentially suitable for high-temperature capacitors. These films claimed to outperform other high-heat materials like polyethylene terephthalate (PET) and polyethylene naphthalate (PEN), with reported reductions in dissipation losses of up to 40 percent when exposed to temperatures of 150°C and frequencies up to 100kHz.