PUBLISHER: Grand View Research | PRODUCT CODE: 1552626
PUBLISHER: Grand View Research | PRODUCT CODE: 1552626
The global BOPP dielectric films market size is anticipated to reach USD 10.27 billion by 2030 and is projected to grow at a CAGR of 31.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising adoption of electrical vehicles (EVs) to reduce fossil fuel usage and the advent of technologies such as artificial intelligence (AI), cloud computing, edge computing and Internet of Things (IoT) is driving the market growth.
The rising adoption of electrical vehicles (EVs) is a key driver in reducing fossil fuel usage, aligning with global efforts to mitigate climate change and reduce dependency on non-renewable energy sources. As more consumers and industries shift towards EVs, there is an increasing need for efficient, reliable, and sustainable materials in their production and operation. This shift significantly impacts the market growth, as these films are crucial in various components of EVs.BOPP dielectric films are extensively used in the manufacturing of capacitors and insulation materials within EVs. These films provide superior dielectric properties, mechanical strength, and thermal stability, which are essential for the efficient operation of electrical systems in EVs. As the demand for EVs rises, the need for high-quality BOPP dielectric films also increases, driving market growth.
The advent of technologies such as AI, machine learning, cloud computing, edge computing, and the IoT is further propelling the market for BOPP dielectric films. These technologies are integral to the development and enhancement of EVs and their supporting infrastructure. For instance, AI and IoT enable smarter, more efficient energy management systems within EVs, while cloud and edge computing facilitate real-time data processing and analytics for vehicle performance and maintenance.