Polymer Capacitor Market Size, Share, Growth, and Industry Analysis, By Type (Polymer Tantalum Electrolytic Capacitor, Polymer Aluminum Electrolytic Capacitor & Others Hybrid and Niobium), By Application (Consumer electronics, Automotive, Industrial & Others), Regional Insights, and Forecast To 2031

Polymer Capacitor Market Report Overview

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The global polymer capacitor market size was USD 2444 million in 2021 and is expected to reach USD 5359.44 million in 2031, exhibiting a CAGR of 8.1% during the forecast period.

Polymer Capacitor are capacitors that use a polymer dielectric as its primary component rather than ceramic or metal. They are a particular class of electrical part designed to hold electric charges. Compared to other kinds, such aluminum or tantalum electrolytic capacitors, they have a number of benefits. Traditional tantalum or aluminum caps rust, while polymer capacitor do not, and they can even be utilized in harsh weather conditions. They provide higher performance and dependability, which is why many automakers have embraced them as the top option for their automotive electrical systems, such as those found in hybrid electric vehicles (HEVs).

To reduce power noise, solid polymer caps can be utilized to smooth out the voltage going from a power source to a delicate circuit. If the working voltage is low enough, they can simply replace conventional electrolytic capacitors in certain applications. The cathode of a polymer-type aluminum electrolytic capacitor is composed of conductive polymer, while the anode is made of aluminum foil. Tantalum metal serves as the cathode and conductive polymer serves as the anode in a polymer-type tantalum electrolytic capacitor.

COVID-19 Impact: Industry Imbalance Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with polymer capacitor market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the polymer capacitor market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of semiconductor & electronic. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are results of this evolution. The market as a whole was impacted by the shutdown of the semiconductor & electronic industry. Because there was no longer a market for the product, polymer capacitor became obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the semiconductor & electronic market as a whole. The polymer capacitor market has been somewhat impacted by this.

LATEST TRENDS

"Demand for Electrolytic Capacitor to Boost the Market Growth "

The capacitor utilized in automotive applications is the polymer aluminum electrolytic capacitor. This trend of electrolytic capacitors is causing the market to expand because they are very thin and light because they use aluminum foil as their dielectric. As a result, they can be mounted to a circuit board without adding any extra weight or bulk. The passive components known as electrolytic capacitors are extremely dependable and steady. In numerous commercial, industrial, and medical sectors, they are employed as a trend. Their ability to tolerate high temperatures is primarily responsible for this. Electrolytic capacitors provide the most amazing leakage current-temperature characteristics when compared to the majority of high-temperature capacitors currently on the market. Thus, a key trend that is opening up potential for the industry to grow demand for electrolytic capacitor. These new developments are mostly to blame for the market's overall growth.

Polymer Capacitor Market Segmentation

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• By Types 

Based on type, the market is classified into Polymer Tantalum Electrolytic Capacitor, Polymer Aluminum Electrolytic Capacitor & Others Hybrid and Niobium.

• By Application

Based on application, the market is categorized into Consumer electronics, Automotive, Industrial & Others.

DRIVING FACTORS

"Capacitor use in Aerospace & Military Industry Gives the Market Extra Boost "

Aluminum electrolytic capacitors have found widespread use in military and aerospace applications, partly because of its flat design, extended lifespan, and very dependable seals. The majority of these capacitors' applications are in aero planes and jets. As a result, the market expands to new heights. They have been widely employed in power supplies for military and civilian aircraft, as well as ground- and ship-based radar systems, for the past 20 years. Wherever possible, the military and aerospace industries design components; nonetheless, for mission-critical applications, they prefer to favor electrolytic capacitors with tight seals and real hermetic capacitors, including hermetic wet tantalum capacitors. As a result, the growth and the use of capacitor in aerospace and military industry to boost the market will contribute to the expansion of the semiconductor and electronics industry and it will improve the overall polymer capacitor market growth.

"Passenger Cars to Accelerate Market Growth "

Polymer capacitor serve a variety of purposes in passenger cars. For voltage control, they are utilized in the starter motor and ignition system, for instance. Automotive polymers offer a high frequency of power to start an engine by utilizing both conventional mechanical and electrical components. This reduces wear on the car's battery over time because it conserves energy that would otherwise be used to manually turn the key every day or two to start the vehicle. As a result, during the projected period, the market for services is anticipated to rise rapidly.

RESTRAINING FACTORS

"Increased Leakage Current to Impede the Market Growth "

Large capacitance in polymer capacitor has various disadvantages in addition to its advantages. Large leakage currents, value tolerances, comparable series resistance, and a short lifetime are a few of these limitations that impede market expansion. The increased leakage current of all polymer capacitor, which is roughly ten times higher than that of capacitors with manganese dioxide electrolyte, is a drawback. Future market growth may be slightly impacted by these factors. If this problem is fixed, the market will start to grow right away.

Polymer Capacitor Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for polymer capacitor in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the polymer capacitor market share is the growing demand of product in electronic, industrial and automotive industry is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce new products, the areas where they operate, automation, technology adoption, creating the greatest income, and making a difference with their products are some of the other factors that are looked at for this market.

LIST OF TOP POLYMER CAPACITOR COMPANIES

• Vishay (U.S.)
• Kemet (U.S.)
• AVX (U.S.)
• Murata Manufacturing (Japan)
• Lelon (Taiwan)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost polymer capacitor market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.