AsiaPacific PP Capacitor Films Market: Introduction
TransparencyMarket Research delivers key insights on the PP capacitorfilms market in Asia Pacific. In terms of revenue, the PPcapacitor films market in Asia Pacific is estimated to expand at a CAGR of ~6%during the forecast period, owing to numerous factors regarding which TMRoffers thorough insights and forecasts in its report on the PP capacitor filmsmarket in Asia Pacific.
The PPcapacitor films market in Asia Pacific is broadly affected by several factors,including rise in usage of PP capacitor films in the automotive sector. Thus,expansion in applications of PP capacitor films in different sectors is propellingthe PP capacitor films market in Asia Pacific.
Asia Pacific PP Capacitor FilmsMarket: Dynamics
Capacitorsthat use thin PP films as a dielectric medium are known as PP film capacitorsor PP capacitors. PP capacitor films provide excellent dielectric properties,which result in high and consistent breakdown strength and help avoidsdielectric losses.
PPcapacitor films offer very high purity, low ash levels, low dissipation factor,and maximum cleanliness. These films are highly thin. They are metallized, orleft untreated, or they can be coated with multiple layers depending on therequirements. PP capacitors films are used in several applications in theelectronics sector.
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Increase indemand for rail transport and rise in production of rail locomotives across theworld are estimated to boost the demand for PP capacitor films in the railindustry. In July 2020, the Railway Ministry of India announced that 151 trainsin 109 pairsof routes will be operated by private sectors. Private companies are free toprocure trains, locomotives, and other maintenance products. Furthermore,Indian Railways plans to run on 100% electricity by2024. This is expected to create a new demand for electric locomotives, thusproviding lucrative opportunities for manufacturers of PP capacitor films.
Asia Pacific PP Capacitor FilmsMarket: Prominent Country
AsiaPacific is a leading producer and consumer of PP capacitor films. China is aprominent producer and consumer of PP capacitor films in the region. AsiaPacific is expected to lead the global PP capacitor films market, in terms ofvolume and value, during the forecast period. China is a global leader in termsof production of PP films. It accounts for more than 45%share of the global production of PP films. The capacity utilization in Chinais around 75%. The PP capacitor films market inthe country is witnessing excess production capacity. PP capacitor films arelargely applied in electric vehicles. China sold 23 million cars in 2018,becoming the leading market for electric vehicles in world.
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Asia Pacific PP Capacitor FilmsMarket: Key Players
The PPcapacitor films market in Asia Pacific is a fragmented. It comprises severaldomestic and global manufacturers. The top players include Shin-Etsu ChemicalCo., Ltd., and Toray Industries Inc.Shin-Etsu Chemical Co., Ltd. accounted fora major share of the PP capacitor films market in Asia Pacific in 2019. Thiscan be ascribed to its continuous focus on innovation, implementation of growthstrategies, and expansion of business through strategic capital allocation, andextensive research & development in its respective business domains.Otherkey players operating in the PP capacitor films market in Asia Pacific includeSungmoon Electronics Co. Ltd., and Terichem Tervakoski, a.s.
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