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Electrolytic Capacitor Market

Market Insights on Electrolytic Capacitor covering sales outlook, demand forecast & up-to-date key trends

Electrolytic Capacitor Market By Product Type (Non-solid Electrolytic Capacitor, Solid Electrolytic Capacitor), Material (Tantalum, Aluminum), End Use Industry (Consumer Electronic, Industrial Electronic, Computer & Peripherals, Telecommunication Industry, Automotive) & Region - Forecast 2022-2032

Electrolytic Capacitor Market Overview

The global electrolytic capacitor market is estimated to create an absolute dollar opportunity of more than US$ 8 Bn by the end of 2032. The sales of electrolytic capacitors are expected to surpass US$ 7 Bn by 2022, exhibiting growth at a CAGR of 2% to 3% during the forecast period 2022-2032. The electrolytic capacitors made of aluminum are estimated to emerge as the most sought-after, accounting for nearly 87% of the total sales in the global market between 2022 and 2032.

Report Attribute


Electrolytic Capacitor Market Base Year Value (2021)

US$ 6.8 Billion

Electrolytic Capacitor Market Expected Value (2022)

US$ 7 Billion

Electrolytic Capacitor Market Anticipated Value (2032)

US$ 8 Billion

Electrolytic Capacitor Market Projected Growth Rate (2022-2032)

2% to 3% CAGR

Electrolytic Capacitor Market Share in Aluminum Material Segment


Electrolytic capacitors are polarized capacitors that have the positive plate or anode made of a metal, such as aluminum or tantalum, which forms an insulating oxide layer that acts as the dielectric through oxidation. The major difference between the conventional capacitors and electrolytic capacitors is that the conductive plates on the opposite ends of the latter one are separated by metal oxide layers and an electrolyte.

These electronic circuit components are increasingly gaining popularity across diverse industries, owing to their small size, large capacitance per volume, and low cost as compared to conventional capacitors. In addition to this, growing incorporation of supercapacitors, a sub-type of electrolytic capacitors having multilayered capacitors, in numerous devices for providing capacitance more than thousands of farads is projected to further propel the demand in the global market.

Electrolytic capacitors are finding a wide range of applications such as filtering devices for decreasing the ripple voltage and for smoothening signals. They are extensively being used in multiple electronic products and components such as inverter main circuits, switching mode power supplies, control circuits, and computer motherboards among others. Hence, increasing demand for such products and components is projected to create high remunerative opportunities in the global market.

Which are Some Prominent Drivers Spearheading Electrolytic Capacitor Market Growth?

The electrolytic capacitor market is largely driven by the surging demand for quality capacitors, in medical electronic, telecommunication, and automotive industries. Also, deepening trend of miniaturization in the electronic devices sector and shifting end user inclination from ceramic and plastic film capacitors is estimated to bolster the demand for electrolytic capacitors in the coming years.

Demand for power is surging at a rapid pace, driven by rapid industrialization, urbanization, and growing trend of electrification, especially across emerging economies such as India, China, Australia, and others. Hence, governments worldwide are aiming at refurbishment of existing power infrastructure and development of smart grids to reduce the decrease electricity loss.

For instance, according to a report by the India Smart Grid Forum, the Government of India has announced its plan of allotting US$ 129.9 Mn for developing smart grids across smart cities across India under the National Smart Grid Mission (NSGM). As electrolytic capacitors are extensively used in smart grid circuits for declining transmission loss and improving grid stability, such developments are estimated to accelerate the sales in the global market.

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What are the Challenges Faced by the Electrolytic Capacitor Market?

Despite several advantages associated with the use of electrolytic capacitors, drawbacks such as short life, equivalent series resistance, less value tolerance, and large leakage currents among others are the factors hampering the adoption of these capacitors across various industries. This is hindering the sales of electrolytic capacitors in the market.

In addition to this, increasing shift in customer preference for using multilayered ceramic capacitors (MLCCs) in novel smartphones, entertainment systems, and other computing solution devices is further restraining the demand for electrolytic capacitors.

Why is Asia Pacific Excluding Japan the most Lucrative Market for Electrolytic Capacitors?

As per Future Market Insights, Asia Pacific excluding Japan is forecast to account for the lion’s share in the global electrolytic capacitor market between 2022 and 2032. 

A swift rise in demand for electronic devices, such as personal computers, is being witnessed across Asia Pacific, favored by growing telecommunication sector resulting in fueling demand for components of inverter main circuits and switching mode power supplies.

Thus, key manufacturers in the market are emphasizing on launching novel products to cater to this accelerating demand. For instance, Jianghai, one of the largest Chinese manufacturers of capacitors recently announced introducing new series of capacitors including 3 new electrolytic span-in capacitors – CD_895_ZK, CD_892_ZL, and CD_891_ZJ which can be used in the primary side of switching mode power supplies. Such new product launches are anticipated to spur the sales of electrolytic capacitors in the Asia Pacific excluding Japan.

Nikhil Kaitwade
Principal Consultant
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How is Europe Contributing to the Growth of the Electrolytic Capacitors Market?

As per FMI, Europe is projected to register steady growth in the global electrolytic capacitor market during the forecast period 2022-2032.

Surging trend of electrification across the automotive sector and growing fuel prices have resulted in accelerating the sales of electric vehicles across the countries such as Germany, the U.K., France, and others. According to a study by the International Energy Agency, nearly 1.4 million electric vehicles were reported to be sold across Europe, out of which Germany and France account for about 395,000 and 185,000 unit sales, respectively in 2020.

As electrolytic capacitor plays a critical role in stabilizing the voltage in electronic circuits used in electric vehicles, due to its large capacitance, increasing sales of these automobiles are expected to facilitate the growth in the Europe market.

Market Competition

Some of the leading players in the global electrolytic capacitor market Rubycon Corporation, SamYoung Electronic Co. Ltd., Vishay, Panasonic Corporation, Lelon Electronics Corp., CapXon, Aihua, Jianghai Capacitor Co., Ltd, Nippon Chemi-Con Corporation, KEMET, and Nichicon Corp.

Leading players in the market are aiming at launching novel products and capacity expansion to gain edge in the highly competitive market

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Scope of Report

Report Attribute


Growth Rate

CAGR of 2% to 3% from 2022 to 2032

Base Year for Estimation


Historical Data


Forecast Period


Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Material
  • End Use Industry
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • Australia & New Zealand
  • China
  • India
  • GCC
  • South Africa

Key Companies Profiled

  • Rubycon Corporation
  • SamYoung Electronic Co. Ltd.
  • Vishay
  • Panasonic Corporation
  • Lelon Electronics Corp.
  • CapXon, Aihua
  • Jianghai Capacitor Co., Ltd
  • Nippon Chemi-Con Corporation
  • Nichicon Corp.


Available Upon Request

Key Segments Profiled in the Electrolytic Capacitor Industry Survey

By Product Type:

  • Non-solid Electrolytic Capacitor
  • Solid Electrolytic Capacitor

By Material:

  • Tantalum
  • Aluminum

By End Use Industry:

  • Consumer Electronic
  • Industrial Electronic
  • Computer & Peripherals
  • Telecommunication Industry
  • Automotive

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the demand for electrolytic capacitor in the market to expand at around 2% to 3% value CAGR over the forecast period 2022-2032

The electrolytic capacitor market is dominated by Asia Pacific excluding Japan, and this trend is projected to continue for the assessment period.

Rubycon Corporation, SamYoung Electronic Co. Ltd., Vishay, Panasonic Corporation, Lelon Electronics Corp., CapXon, Aihua, Jianghai Capacitor Co., Ltd, Nippon Chemi-Con Corporation, KEMET, and Nichicon Corp. and others are some prominent electrolytic capacitor manufacturer.

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Nikhil Kaitwade
Principal Consultant
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Electrolytic Capacitor Market