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PP Capacitor Films Market to Register Substantial Expansion by 2027<br>
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PP Capacitor Films Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved
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Global PP Capacitor Films Market: Key Highlights The global PP capacitor films market was valued at ~US$ 2.2 Bn in 2018, and is anticipated to expand at a CAGR of ~5% during the forecast period. The global PP capacitor films market is driven by the rise in the demand for smart grids and renewable energy. Asia Pacific accounts for a major share of the global PP capacitor films market, led by the robust demand for electric vehicles in the region. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
Key Drivers of Global PP Capacitor Films Market • Electric and hybrid vehicles are gaining popularity due to their low consumption of fuel and lesser environmental footprint. • Increase in the demand for electric energy storage devices used under extreme conditions in electric vehicles is driving the demand for PP capacitor films, as they offer excellent thermal stability and energy density. • In recent years, the development of vehicles with safety features and automatic driving mechanism, such as on-board components and advanced driver assistance systems (ADASs), has gained momentum. • This factor is driving the demand for small-size capacitors with high capacities, which can withstand high temperatures.
China to Offer Attractive Opportunities China is a major supplier of PP capacitor films. Furthermore, it is developing a technology that is required for high electric and temperature purposes, to meet the demand for emerging as well as established applications. China is leveraging opportunities in growing eco-friendly sectors, such as power generation, electric vehicles, and other industries. Some companies are adopting the metal spraying process rather than the winding of PP films to improve product specifications. ©2019 Transparency Market Research, All Rights Reserved
key players operating in the global PP capacitor films market Brückner Group GmbH BirkelbachKondensatortechnik GmbH Steiner GmbH & CO KG, Sungmoon Electronics Co. Ltd ©2019 Transparency Market Research, All Rights Reserved
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