Electrolytic capacitor paper Market to grow at a CAGR of over 6.5% | Market.us
The electrolytic capacitor paper market is forecast to grow at a CAGR of 6.5% during the period 2019-2024. The market is driven by the rising demand for electricity, which is expected to lead to an increase in demand for capacitors. The paper capacitor industry is forecast to benefit from the growing demand for electric vehicles, as paper capacitors are used in electric vehicles to store energy. The market for paper capacitors is also expected to benefit from the increasing use of renewable energy sources, such as solar and wind power. However, the market growth is constrained by the declining production of paper due to environmental concerns and the rising cost of raw materials.