The Asia Pacific PP capacitor films market is anticipated to witness steady growth in the upcoming years, owing to the rise in sales of electrical devices in nations such as India, China, Malaysia, etc. The dwindling prices of electrical components coupled with advancements in the circuit technology are some of the key factors that are likely to shape the growth of the Asia Pacific PP capacitor films market during the forecast period. PP capacitor films are increasingly being used across a range of end-use industries, including consumer goods, medical devices, smart grids, and automotive.
The versatility and low cost of PP capacitor films continue to play an imperative role in driving sales– a trend that is set to continue during the forecast period. Due to the low distortion factor and favorable frequency characteristics of PP capacitor films, the adoption levels continue to move in the upward trajectory in several major nations across the Asia Pacific region. The noteworthy rise in the demand for rail transport and spurt in the production of rail locomotives in recent years are expected to augment the demand for PP capacitor films during the assessment period.
At the back of these factors, along with the growing emphasis on expanding the product portfolio by players operating in the current market landscape, the global Asia Pacific PP capacitor films market is expected to surpass 2.5 Bn mark by the end of 2030.
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The increasing adoption of PP capacitor films for power applications is anticipated to drive the Asia Pacific PP capacitor films market during the assessment period. PP capacitors are required in several applications, including decoupling, filters, and energy storage in the power electronics domain. PP capacitor films are an imperative component of the modern electronics sector due to high tolerance for voltage over-stress and ‘self-repairing’ properties in case of a breakdown. At present, designers and product development teams are increasingly focusing on launching PP capacitor films with improved performance and optimum self-repairing capabilities to gain a competitive edge. Conventional high-grade capacitors are gradually being replaced by cutting-edge PP capacitors due to which, the demand for PP capacitor films is on the rise. Apart from physical volume and dissipation, market players operating in the current Asia Pacific PP capacitor films market ecosystem are increasingly focusing on pricing strategies to gain an advantage.
While the power electronics sector is anticipated to provide a safe haven to the players involved in the current market for PP capacitors in the Asia Pacific region, the demand for PP capacitors as snubbers and power filters is on the rise.
Opportunities in automotive and green energy are another factor likely to drive players involved in the current Asia Pacific PP capacitor films market landscape. Due to the surge in the demand for PP capacitors from automotive and green energy sectors, a number of players is expanding their product portfolio by launching new products. For instance, in July 2020, KEMET, a leading supplier of electronic components announced the launch of three series of PP capacitor films: C44U-M, C44P-R, and R75H. The products were primarily designed for high power conversion system applications across industrial, green energy, and energy storage systems. While expanding the product portfolio is likely to remain one of the core growth strategies, market players are also expected to increase their production capacities. For instance, in February 2019, Toray announced that the company is set to increase the production capacity for PP capacitor films.
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The onset of the COVID-19 pandemic is expected to have a moderate impact on the growth of the global Asia Pacific PP capacitor films market during the first half of the forecast period. The dwindling demand from various end-use industries coupled with restrictions on cross-border trade and industrial lockdowns in several major nations including China and India is estimated to hinder the growth of the Asia Pacific PP capacitor films market. The closure of several industries across China during the first quarter of 2020 has led to significant delays in orders.
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Analysts’ Viewpoint
The Asia Pacific PP capacitor films market is expected to expand at a healthy CAGR of ~6% during the forecast period. The market growth can be primarily attributed to factors such as increasing demand from consumer and power electronics sectors, advancements in technology, rising focus on improving performance and quality of PP capacitor films, and surge in research & development activities. Market players should focus on tapping into opportunities across green energy and the automotive sector to gain a competitive edge and expanding their production capacity in the post COVID-19 era.
Asia Pacific PP Capacitor Films Market: Overview
Increase in Usage of PP Capacitor Films in High Voltage Power Applications: Key Driver
Major Challenges for Asia Pacific PP Capacitor Films Market
China to Offer Lucrative Opportunities for Asia Pacific PP Capacitor Films Market
Asia Pacific PP Capacitor Films Market: Competition Landscape
Asia Pacific PP Capacitor Films Market – Segmentation
TMR’s research study segments the PP capacitor films market in Asia Pacific in terms of product, end-use industry, and country. This report presents extensive market dynamics and growth trends associated with different market segments and explains how they are influencing the PP capacitor films market in Asia Pacific.
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1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary: Asia Pacific PP Capacitor Films Market
3.1. Market Value, Indicative (US$ Mn)
3.2. Top Three Trends
4. Market Overview
4.1. Product Overview
4.2. Key Market Developments
4.3. Market Indicators
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1.1. Drivers
5.1.1.2. Restraints
5.1.1.3. Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of Substitutes
5.2.2. Bargaining Power of Buyers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of New Entrants
5.2.5. Degree of Competition
5.3. Value Chain Analysis
5.4. List of Potential Customers
6. Asia Pacific PP Capacitor Films Market: Covid-19 Impact Analysis
7. Asia Pacific PP Capacitor Films Market: Price Trend Analysis, 2019
8. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Analysis, by Product
8.1. Key Findings and Introduction
8.2. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
8.2.1. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Plain PP Capacitor Films, 2019–2030
8.2.2. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Metalized PP Capacitor Films, 2019–2030
8.3. Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by Product
9. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Analysis, by End-use Industry
9.1. Key Findings and Introduction
9.2. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
9.2.1. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Automotive, 2019–2030
9.2.2. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Industrial & Infrastructure, 2019–2030
9.2.3. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Medical Devices, 2019–2030
9.2.4. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Power Plants & Smart Grids, 2019–2030
9.2.5. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Locomotive, 2019–2030
9.2.6. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Consumer Goods, 2019–2030
9.2.7. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Others, 2019–2030
9.3. Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by End-use Industry
10. Asia Pacific PP Capacitor Films Market Analysis, by Country and Sub-region
10.1. Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Country and Sub-region
10.2. Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by Country and Sub-region
10.2.1. China PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
10.2.2. China PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
10.2.3. India PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
10.2.4. India PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
10.2.5. Japan PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
10.2.6. Japan PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
10.2.7. ASEAN PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
10.2.8. ASEAN PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
10.2.9. Rest of Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030
10.2.10. Rest of Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2030
11. Competition Landscape
11.1. Asia Pacific PP Capacitor Films Market Share Analysis, by Company (2019)
11.2. Competition Matrix
11.3. Company Profiles
11.3.1. Shin-Etsu Chemical Co., Ltd.
11.3.1.1. Company Description
11.3.1.2. Business Overview
11.3.1.3. Financial Details
11.3.1.4. Business Strategy
11.3.1.5. Product Portfolio
11.3.2. Toray Industries, Inc.
11.3.2.1. Company Description
11.3.2.2. Business Overview
11.3.2.3. Business Strategy
11.3.2.4. Financial Details
11.3.2.5. Product Portfolio
11.3.3. Terichem Tervakoski, a.s.
11.3.3.1. Company Description
11.3.3.2. Business Overview
11.3.3.3. Business Strategy
11.3.3.4. Product Portfolio
11.3.4. Sungmoon Electronics Co. Ltd.
11.3.4.1. Company Description
11.3.4.2. Business Overview
11.3.4.3. Business Strategy
11.3.4.4. Product Portfolio
11.3.5. Nuintek Co Ltd
11.3.5.1. Company Description
11.3.5.2. Business Overview
11.3.5.3. Business Strategy
11.3.5.4. Product Portfolio
11.3.6. Nichicon Corporation
11.3.6.1. Company Description
11.3.6.2. Business Overview
11.3.6.3. Business Strategy
11.3.6.4. Financial Details
11.3.6.5. Product Portfolio
11.3.7. Anhui Eastern Communication Group
11.3.7.1. Company Description
11.3.7.2. Business Overview
11.3.7.3. Product Portfolio
11.3.7.4. Strategic Overview
11.3.8. Polinas
11.3.8.1. Company Description
11.3.8.2. Business Overview
11.3.8.3. Product Portfolio
11.3.8.4. Strategic Overview
11.3.9. Xpro India Limited
11.3.9.1. Company Description
11.3.9.2. Business Overview
11.3.9.3. Product Portfolio
11.3.9.4. Strategic Overview
12. Primary Research: Key Insights
List of Tables
Table 01: Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 02: Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
Table 03: China PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 04: China PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
Table 05: Japan PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 06: Japan PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
Table 07: India PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 08: India PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
Table 09: ASEAN PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 10: ASEAN PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
Table 11: Rest of Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019-2030
Table 12: Rest of Asia Pacific PP Capacitor Films Market Volume (Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019-2030
List of Figures
Figure 01: Price Trend Analysis (US$/Kg), by Product, 2019–2030
Figure 02: Price Trend Analysis (US$/Kg) for PP Resin, 2019–2030
Figure 03: Asia Pacific PP Capacitor Films Market Volume Share Analysis, by Product
Figure 04: Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by Product
Figure 05: Asia Pacific PP Capacitor Films Market Volume Share Analysis, by End-use Industry
Figure 06: Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by End-use Industry
Figure 07: Asia Pacific PP Capacitor Films Market Share Analysis, by Country and Sub-region
Figure 08: Asia Pacific PP Capacitor Films Market Attractiveness Analysis, by Country and Sub-region
Figure 09: Company Market Share Analysis, 2019