The global Paper And Plastic Film Capacitors Market is poised to surpass USD 2.7 billion by 2023, surging at a remarkable CAGR of 5.4% through 2033 to reach USD 4.5 billion.
Anticipated revenue growth in the paper and plastic film capacitors industry is set to be driven by robust demand emanating from emerging markets.
Technological advancements in digital capabilities within this market are facilitating diversification of product offerings, streamlined production, improved operational maintenance, and enhanced sales monitoring, all contributing to its healthy projected CAGR.
Key Market Highlights
| Paper and Plastic Film Capacitors Market Estimated Value (2023) | USD 2.7 billion |
|---|---|
| Paper and Plastic Film Capacitors Market Estimated Value (2033) | USD 4.5 billion |
| Paper and Plastic Film Capacitors Market Value CAGR (2023 to 2033) | 5.4% CAGR |
Explore FMI!
Book a free demo
The paper and plastic film capacitors industry is projected to experience a significant shift in growth dynamics from 2023 to 2033, as compared to the preceding period of 2018 to 2022, where the market secured a 7.1% CAGR.
| Paper and Plastic Film Capacitors Market Estimated Value (2018) | USD 1.9 billion |
|---|---|
| Paper and Plastic Film Capacitors Market Estimated Value (2022) | USD 2.5 billion |
| Paper and Plastic Film Capacitors Market Value CAGR (2018 to 2022) | 7.1% CAGR |
This transformation is primarily attributed to the escalating demand for sustainable and eco-friendly electronic components, driving innovations in capacitor technologies.
As consumers and industries increasingly prioritize environmentally responsible options, the market is witnessing a notable surge in research and development efforts to enhance the efficiency and sustainability of paper and plastic film capacitors, indicating a promising and dynamic future for this sector over the next decade.
According to the paper and plastic film capacitors market analysis by FMI, the industry is expected to garner revenue of about USD 4.5 billion by the end of the forecast period, advancing at 5.4% CAGR from 2023 to 2033.
The below highlights the market revenue by key countries. China, Japan, and the United States are leading the market in terms of growth rate, followed by the United Kingdom and South Korea. FMI estimates that these top five markets represent an overwhelming regional opportunity out of the other countries covered in reports.
China is emerging as a prominent market for paper and plastic film capacitors, as per FMI researchers. The regional market is estimated to occupy a value share of more than 7.9% in 2023.
| China Market Share for 2033 | USD 1 billion |
|---|---|
| CAGR (2023 to 2033) | 5.3% |
The country's 13th Five-Year Plan actively promotes the development of green transportation solutions, including hybrid and electric vehicles, to advance the nation's transportation sector, boosting the overall paper and plastic film capacitors market growth.
As part of its strategic vision, the government aims to produce 30 million automobiles by 2020 and 35 million by 2025, bolstering the demand for capacitors in various applications.
Recent data from the China Passenger Car Association (CPCA) reveals remarkable growth in new energy vehicle (NEV) sales, more than doubling in November and December of 2021 and contributing to a year-long increase of 169%, resulting in a record 2.99 million units sold, comprising 14.8% of new vehicle sales in China, the world's leading vehicle market.
This upward trend is expected to drive the demand for paper and plastic film capacitors in various NEV applications.
Japan stands as a crucial capacitor market, primarily due to its expanding automotive sector. The government in Japan recognizes the automotive industry, including its auto parts segment, as a key pillar of the nation's economy, contributing to the country’s market share of USD 887.5 million by 2033.
| Japan Market Share for 2033 | USD 887.5 million |
|---|---|
| CAGR (2023 to 2033) | 5.3% |
The country is witnessing a significant surge in the popularity of electric vehicles (EVs), solidifying its position as a prominent adopter of EV technology.
The market is also fostered in Japan as the country is making substantial strides in renewable energy development, poised to account for around 22.7% of its total clean energy mix in 2022. The country is also adding 400 gigawatts of solar and wind capacity in 2023, estimated to reach around six terawatts by 2030.
The paper and plastic film capacitors industry in the United States is witnessing growth driven by several factors contributing to the country's market share of USD 813.5 million by 2033 and CAGR of 5.3% from 2023 to 2033.
| The United States Market Share for 2033 | USD 813.5 million |
|---|---|
| CAGR (2023 to 2033) | 5.3% |
The increased adoption of renewable energy sources like solar and wind power is boosting the demand for capacitors in power inverters and converters. As the United States continues to invest in renewable energy infrastructure, the market for these capacitors is expected to expand.
The growing consumer electronics sector in the United States is driving the need for compact and efficient capacitors, and paper and plastic film capacitors are finding applications in various electronic devices.
South Korea accounts for 5.1% of market share and is expected to reach USD 259.2 million by 2033. The market recorded a modest growth of 6.2% from 2018 to 2022.
| South Korea Market Share for 2033 | USD 259.2 million |
|---|---|
| CAGR (2023 to 2033) | 5.1% |
The transition to green energy sources and renewable technologies, such as wind and solar power, relies on capacitors for energy storage and management, further driving the demand for environmentally friendly capacitor options.
For instance, Sungho Electronics Corp is a South Korea-based manufacturer of film capacitors. The company is engaged in plastic dielectric film capacitors, telecommunication systems, and interference suppressors, among others.
The paper and plastic film capacitor market experienced a growth of 5.1% from 2023 to 2033. The country’s push for sustainability and environmentally friendly practices is favoring the use of paper and plastic film capacitors due to their eco-friendliness compared to other types of capacitors.
| The United Kingdom Market Share for 2033 | USD 177 million |
|---|---|
| CAGR (2023 to 2033) | 5.1% |
With consumers demanding smaller, more portable electronics, these capacitors are being utilized in smartphones, tablets, and wearables, among other products. Manufacturers increasingly focus on producing green and energy-efficient electronics, further driving the demand for these capacitors.
AC film capacitors are anticipated to lead the paper and plastic film capacitors industry with a 5.1% CAGR from 2023 to 2033 due to their superior performance characteristics, particularly in applications requiring high voltage, frequency, and current.
| Top Segment | AC Film Capacitors |
|---|---|
| CAGR for 2033 | 5.1% |
These capacitors offer excellent self-healing properties, ensuring durability and reliability, making them suitable for demanding environments. Moreover, the growing use of AC film capacitors in power electronics, renewable energy systems, and electric vehicles aligns with industry trends, further solidifying their position as a top product in the market.
The AC film capacitors are well-suited for filtering and power factor correction applications, crucial in industries such as telecommunications, aerospace, and industrial manufacturing. Their ability to enhance energy efficiency and reduce power losses continues to drive their prominence in the paper and plastic film capacitors market.
The paper and plastic film capacitors market exhibits a fragmented landscape characterized by numerous significant players. These key market participants, who command substantial market shares, are increasingly directing their efforts toward extending their customer reach into international markets.
To achieve this objective, these companies are actively pursuing strategic collaborations and initiatives to expand their market presence, bolster their competitive positions, and enhance overall profitability.
By leveraging such collaborative strategies, these key players can tap into new markets and capitalize on emerging opportunities, solidifying their foothold in the global paper and plastic film capacitors market.
This approach enables them to diversify their customer base and positions them to navigate the evolving market dynamics and stay at the forefront of innovation and growth within the industry.
Recent Developments in the Market:
The projected market size of paper and plastic film capacitors is USD 4.5 billion in 2033.
The industry in the United Kingdom is likely to secure a CAGR of 5.1% from 2023 to 2033.
The market in the United States was predicted to advance at 5.3% CAGR from 2023 to 2033.
By product type, AC film capacitors are expected to lead the market with a CAGR of 5.1%.
The CAGR of the market for paper and plastic film capacitors was 7.1% from 2018 to 2022.
Microsoft Dynamics Market Trends - Demand & Forecast 2025 to 2035
Mobility as a Service Market - Demand & Growth Forecast 2025 to 2035
Loan Origination Software Market Growth - Trends & Forecast 2025 to 2035
Infrared Sensors Market Analysis – Growth & Trends 2025 to 2035
Laser Hair Removal Devices Market Analysis - Growth & Forecast 2025 to 2035
MedTech Market Growth - Trends & Forecast 2025 to 2035
Paper And Plastic Film Capacitors Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
