The global paper and plastic film capacitors market is poised to surpass US$ 2.7 billion by 2023, surging at a remarkable CAGR of 5.4% through 2033 to reach US$ 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) | US$ 2.7 billion |
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Paper and Plastic Film Capacitors Market Estimated Value (2033) | US$ 4.5 billion |
Paper and Plastic Film Capacitors Market Value CAGR (2023 to 2033) | 5.4% CAGR |
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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) | US$ 1.9 billion |
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Paper and Plastic Film Capacitors Market Estimated Value (2022) | US$ 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 US$ 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 | US$ 1 billion |
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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 US$ 887.5 million by 2033.
Japan Market Share for 2033 | US$ 887.5 million |
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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 US$ 813.5 million by 2033 and CAGR of 5.3% from 2023 to 2033.
The United States Market Share for 2033 | US$ 813.5 million |
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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 US$ 259.2 million by 2033. The market recorded a modest growth of 6.2% from 2018 to 2022.
South Korea Market Share for 2033 | US$ 259.2 million |
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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 | US$ 177 million |
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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.
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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 |
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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 US$ 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.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Segment 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Segment, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Segment, 2023 to 2033 5.3.1. AC Film Capacitors 5.3.2. DC Film Capacitors 5.4. Y-o-Y Growth Trend Analysis By Product Segment, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product Segment, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. Introduction 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 6.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 6.3.1. North America 6.3.2. Latin America 6.3.3. Western Europe 6.3.4. Eastern Europe 6.3.5. South Asia and Pacific 6.3.6. East Asia 6.3.7. Middle East and Africa 6.4. Market Attractiveness Analysis By Region 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 7.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 7.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 7.2.1. By Country 7.2.1.1. USA 7.2.1.2. Canada 7.2.2. By Product Segment 7.3. Market Attractiveness Analysis 7.3.1. By Country 7.3.2. By Product Segment 7.4. Key Takeaways 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. Brazil 8.2.1.2. Mexico 8.2.1.3. Rest of Latin America 8.2.2. By Product Segment 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Product Segment 8.4. Key Takeaways 9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Germany 9.2.1.2. UK 9.2.1.3. France 9.2.1.4. Spain 9.2.1.5. Italy 9.2.1.6. Rest of Western Europe 9.2.2. By Product Segment 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product Segment 9.4. Key Takeaways 10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Poland 10.2.1.2. Russia 10.2.1.3. Czech Republic 10.2.1.4. Romania 10.2.1.5. Rest of Eastern Europe 10.2.2. By Product Segment 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Segment 10.4. Key Takeaways 11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. India 11.2.1.2. Bangladesh 11.2.1.3. Australia 11.2.1.4. New Zealand 11.2.1.5. Rest of South Asia and Pacific 11.2.2. By Product Segment 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Segment 11.4. Key Takeaways 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Product Segment 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Segment 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product Segment 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Segment 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Product Segment 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Product Segment 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Product Segment 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Product Segment 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Product Segment 14.6. UK 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Product Segment 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Product Segment 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Product Segment 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Product Segment 14.10. Poland 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Product Segment 14.11. Russia 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Product Segment 14.12. Czech Republic 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Product Segment 14.13. Romania 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Product Segment 14.14. India 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Product Segment 14.15. Bangladesh 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Product Segment 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Product Segment 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Product Segment 14.18. China 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Product Segment 14.19. Japan 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Product Segment 14.20. South Korea 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Product Segment 14.21. GCC Countries 14.21.1. Pricing Analysis 14.21.2. Market Share Analysis, 2022 14.21.2.1. By Product Segment 14.22. South Africa 14.22.1. Pricing Analysis 14.22.2. Market Share Analysis, 2022 14.22.2.1. By Product Segment 14.23. Israel 14.23.1. Pricing Analysis 14.23.2. Market Share Analysis, 2022 14.23.2.1. By Product Segment 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product Segment 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. AVX Corporation 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Cornell Dubilier Electronics Inc. 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Custom Electronics Inc 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Electro Technik Industries Inc 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Hitachi AIC Inc. 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Kemet Corporation 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Murata Manufacturing Co. Ltd. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Nantong Jianghai Capacitor Co. Ltd. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Nichicon Corporation 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Nippon Chemi-Con Corporation 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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