Plastic Dielectric Films Market Status, Share, Growth and Future Trends Report 2019-2025 - MARKET RESEARCH REPORTS - 0 views
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emmaj3206 on 11 Mar 19"The global plastic dielectric films market size is expected to reach USD 1.39 billion by 2025 registering a CAGR of 3.6% over the forecast period. The market is anticipated to be driven by growing product demand from renewable energy system and electrical and electronics industry in the Asia Pacific (APAC). The product is widely used as an insulating material in various electrical and electronics applications. Presence of major electrical and electronics manufacturing companies, such as Toshiba, Samsung, and Sony, in the region is also propelling the product demand. Companies from Northeast Asian countries, such as China, India, and Japan, are pushing to grow in key sectors pertaining to raw material extraction, manufacturing, and services. Since the past few years, the manufacturing industry in APAC has been attracting significant investments from leading MNCs, which is contributing to the market growth. These films provide low thermal resistance, high-pressure resistance, minimal application pressure, resistance of hazardous substance compliance (RoHS), thereby augmenting their demand in applications, such as smartphones, tablets, smart wearables, and smart home appliance. Polypropylene (PP) is one of the prominent product type segments. PP dielectric films have properties, such as high breakdown strength, high insulation resistance, low dissipation factor, and low dielectric absorption. "