PUBLISHER: TechSci Research | PRODUCT CODE: 1255214
PUBLISHER: TechSci Research | PRODUCT CODE: 1255214
Electrical Insulation Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type, By Application, By Region and Competition
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Global electrical insulation materials market is anticipated to increase at an impressive rate through 2028. Power is one of the crucial parts of modern infrastructure development, economic growth, and national welfare. Electric insulation prevents electric shock or discharge of positive charges into the bodies and keeps people safe from fatal injuries. Electric insulation, such as thermoplastics, epoxy resin, ceramics, and others, is essential and can work as a lifesaving tool that is used in various electrical equipment. According to the report published, California Public Utilities Commission is planning to invest 738 million USD for building electric vehicle charging stations and meet up clean air regulations by 2030. Hence, it is expected that the demand for electrical insulation materials will increase to fulfill the growing population utilization.
Additionally, government regulations on trade and export, such as free trade and bilateral and regional trade contracts, are the factors responsible for market growth, leading to increased electrical insulation materials market share in the forecasted period.
Rising Demand for Electrical Equipment Insulation Materials
An electric shock can lead to fatal situations such as paralysis of the brain, ventricular fibrillation, and the heart muscle. Due to economic development, the government is investing in building electric poles, towers, below-ground wires & cables, line switches, transformers, and other electrical equipment. According to the WHO, in 2022, in the past ten years, electric power consumption (kWh per capita) has grown by almost 35%. As per the report, nearly 1000 people per year die due to electric shock in the USA. Thus, there is a need for an electric insulation material that provides insulation to electrical products and safeguards human as well as animal life. Therefore, the demand for electrical insulation material is expected to rise and propel the market share in the forecasted period.
Growing Demand from Electronic and Electric Industries
Electronics are significant components of modern development, which helps in smooth functioning or survival. Electrical insulation materials are required to make electronic devices such as EV cars, television, washing machine, mobile, and other machines to make them shockproof. Growing EV industries directly impact the market's growth as insulation is required in cables, batteries, and other products. Additionally, the growing demand for electrical insulation materials in construction, automobile, medical, telecommunication, electronics, and manufacturing for providing electric equipment shock resistance and making the product as per benchmark standards. Thus, the need for the global electrical insulation materials market is expected to rise in the forecast period.
Ongoing Technological Advancement and Trends
Ongoing research and development activities worldwide are driving the market towards viable development to ensure the ideal and prudent use of the resources. These situations will lead to demand for renewable energy, thereby increasing the need for insulating materials such as HVDC cable and others. As the technology is emerging due to the present scenario, there is a huge opportunity to acquire significant market share in the future.
Market Development
In 2021, EXEGER Sweden AB partnered with Japanese ceramic technology company NGK INSULATORS, LTD. Through this partnership, both firms can strengthen their corresponding manufacturing capacity and capabilities. These capabilities enable both to bring products to market in different fields, such as the Internet of Things and electronics like e-shelf labels, sensors, and remote controls.
Market Segmentation
Global electrical insulation materials are segmented by type and application. Based on type, the market is divided into thermoplastics, epoxy resins, ceramics, and others. Based on application, the market is divided into power systems, electronic systems, cables & transmission lines, domestic portable appliances, and others.
Market Players
DuPont de Nemours, Inc., Krempel GMBH, 3M Company, Elantas PDG, Inc., Nitto Denko Corporation, Von Roll Holding AG, Tesa SE, ITW FORMEX - EIS Inc., Haysite Reinforced Plastics Limited, NGK Insulators, Ltd. are some of the major market players in the global electrical insulation materials market.
Report Scope
In this report, Global Electrical Insulation Materials market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Electrical Insulation Materials Market, By type:
- Thermoplastics
- Epoxy Resins
- Ceramics
- Others
Electrical Insulation Materials Market, By application:
- Power Systems
- Electronic Systems
- Cables & Transmission Lines
- Domestic Portable Appliances
- Others
Electrical Insulation Materials Market, By region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Malaysia
- Australia
- Japan
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global electrical insulation materials market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Global Electrical Insulation Materials Market Outlook
- 4.1. Market Size & Forecast
- 4.1.1. By Value & Volume
- 4.2. Market Share & Forecast
- 4.2.1. By Type (Thermoplastics, Epoxy Resins, Ceramics, Others)
- 4.2.2. By Application (Power Systems, Electronic Systems, Cables & Transmission Lines, Domestic Portable Appliances, Others)
- 4.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
- 4.2.4. By Company (2022)
- 4.3. Market Map
- 4.3.1. By Type
- 4.3.2. By Application
- 4.3.3. By Region
5. North America Electrical Insulation Materials Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Application
- 5.2.3. By Country
- 5.3. Pricing Analysis
- 5.4. North America: Country Analysis
- 5.4.1. United States Electrical Insulation Materials Market Outlook
- 5.4.1.1. Market Size & Forecast
- 5.4.1.1.1. By Value & Volume
- 5.4.1.2. Market Share & Forecast
- 5.4.1.2.1. By Type
- 5.4.1.2.2. By Application
- 5.4.1.1. Market Size & Forecast
- 5.4.2. Mexico Electrical Insulation Materials Market Outlook
- 5.4.2.1. Market Size & Forecast
- 5.4.2.1.1. By Value & Volume
- 5.4.2.2. Market Share & Forecast
- 5.4.2.2.1. By Type
- 5.4.2.2.2. By Application
- 5.4.2.1. Market Size & Forecast
- 5.4.3. Canada Electrical Insulation Materials Market Outlook
- 5.4.3.1. Market Size & Forecast
- 5.4.3.1.1. By Value & Volume
- 5.4.3.2. Market Share & Forecast
- 5.4.3.2.1. By Type
- 5.4.3.2.2. By Application
- 5.4.3.1. Market Size & Forecast
- 5.4.1. United States Electrical Insulation Materials Market Outlook
6. Europe Electrical Insulation Materials Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Country
- 6.3. Pricing Analysis
- 6.4. Europe: Country Analysis
- 6.4.1. Germany Electrical Insulation Materials Market Outlook
- 6.4.1.1. Market Size & Forecast
- 6.4.1.1.1. By Value & Volume
- 6.4.1.2. Market Share & Forecast
- 6.4.1.2.1. By Type
- 6.4.1.2.2. By Application
- 6.4.1.1. Market Size & Forecast
- 6.4.2. Spain Electrical Insulation Materials Market Outlook
- 6.4.2.1. Market Size & Forecast
- 6.4.2.1.1. By Value & Volume
- 6.4.2.2. Market Share & Forecast
- 6.4.2.2.1. By Type
- 6.4.2.2.2. By Application
- 6.4.2.1. Market Size & Forecast
- 6.4.3. United Kingdom Electrical Insulation Materials Market Outlook
- 6.4.3.1. Market Size & Forecast
- 6.4.3.1.1. By Value & Volume
- 6.4.3.2. Market Share & Forecast
- 6.4.3.2.1. By Type
- 6.4.3.2.2. By Application
- 6.4.3.1. Market Size & Forecast
- 6.4.4. France Electrical Insulation Materials Market Outlook
- 6.4.4.1. Market Size & Forecast
- 6.4.4.1.1. By Value & Volume
- 6.4.4.2. Market Share & Forecast
- 6.4.4.2.1. By Type
- 6.4.4.2.2. By Application
- 6.4.4.1. Market Size & Forecast
- 6.4.5. Italy Electrical Insulation Materials Market Outlook
- 6.4.5.1. Market Size & Forecast
- 6.4.5.1.1. By Value & Volume
- 6.4.5.2. Market Share & Forecast
- 6.4.5.2.1. By Type
- 6.4.5.2.2. By Application
- 6.4.5.1. Market Size & Forecast
- 6.4.1. Germany Electrical Insulation Materials Market Outlook
7. Asia-Pacific Electrical Insulation Materials Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Pricing Analysis
- 7.4. Asia-Pacific: Country Analysis
- 7.4.1. China Electrical Insulation Materials Market Outlook
- 7.4.1.1. Market Size & Forecast
- 7.4.1.1.1. By Value & Volume
- 7.4.1.2. Market Share & Forecast
- 7.4.1.2.1. By Type
- 7.4.1.2.2. By Application
- 7.4.1.1. Market Size & Forecast
- 7.4.2. Japan Electrical Insulation Materials Market Outlook
- 7.4.2.1. Market Size & Forecast
- 7.4.2.1.1. By Value & Volume
- 7.4.2.2. Market Share & Forecast
- 7.4.2.2.1. By Type
- 7.4.2.2.2. By Application
- 7.4.2.1. Market Size & Forecast
- 7.4.3. India Electrical Insulation Materials Market Outlook
- 7.4.3.1. Market Size & Forecast
- 7.4.3.1.1. By Value & Volume
- 7.4.3.2. Market Share & Forecast
- 7.4.3.2.1. By Type
- 7.4.3.2.2. By Application
- 7.4.3.1. Market Size & Forecast
- 7.4.4. Malaysia Electrical Insulation Materials Market Outlook
- 7.4.4.1. Market Size & Forecast
- 7.4.4.1.1. By Value & Volume
- 7.4.4.2. Market Share & Forecast
- 7.4.4.2.1. By Type
- 7.4.4.2.2. By Application
- 7.4.4.1. Market Size & Forecast
- 7.4.5. Australia Electrical Insulation Materials Market Outlook
- 7.4.5.1. Market Size & Forecast
- 7.4.5.1.1. By Value & Volume
- 7.4.5.2. Market Share & Forecast
- 7.4.5.2.1. By Type
- 7.4.5.2.2. By Application
- 7.4.5.1. Market Size & Forecast
- 7.4.1. China Electrical Insulation Materials Market Outlook
8. South America Electrical Insulation Materials Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Pricing Analysis
- 8.4. South America: Country Analysis
- 8.4.1. Brazil Electrical Insulation Materials Market Outlook
- 8.4.1.1. Market Size & Forecast
- 8.4.1.1.1. By Value & Volume
- 8.4.1.2. Market Share & Forecast
- 8.4.1.2.1. By Type
- 8.4.1.2.2. By Application
- 8.4.1.1. Market Size & Forecast
- 8.4.2. Colombia Electrical Insulation Materials Market Outlook
- 8.4.2.1. Market Size & Forecast
- 8.4.2.1.1. By Value & Volume
- 8.4.2.2. Market Share & Forecast
- 8.4.2.2.1. By Type
- 8.4.2.2.2. By Application
- 8.4.2.1. Market Size & Forecast
- 8.4.3. Argentina Electrical Insulation Materials Market Outlook
- 8.4.3.1. Market Size & Forecast
- 8.4.3.1.1. By Value & Volume
- 8.4.3.2. Market Share & Forecast
- 8.4.3.2.1. By Type
- 8.4.3.2.2. By Application
- 8.4.3.1. Market Size & Forecast
- 8.4.1. Brazil Electrical Insulation Materials Market Outlook
9. Middle East and Africa Electrical Insulation Materials Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. Pricing Analysis
- 9.4. MEA: Country Analysis
- 9.4.1. South Africa Electrical Insulation Materials Market Outlook
- 9.4.1.1. Market Size & Forecast
- 9.4.1.1.1. By Value & Volume
- 9.4.1.2. Market Share & Forecast
- 9.4.1.2.1. By Type
- 9.4.1.2.2. By Application
- 9.4.1.1. Market Size & Forecast
- 9.4.2. Saudi Arabia Electrical Insulation Materials Market Outlook
- 9.4.2.1. Market Size & Forecast
- 9.4.2.1.1. By Value & Volume
- 9.4.2.2. Market Share & Forecast
- 9.4.2.2.1. By Type
- 9.4.2.2.2. By Application
- 9.4.2.1. Market Size & Forecast
- 9.4.3. UAE Electrical Insulation Materials Market Outlook
- 9.4.3.1. Market Size & Forecast
- 9.4.3.1.1. By Value & Volume
- 9.4.3.2. Market Share & Forecast
- 9.4.3.2.1. By Type
- 9.4.3.2.2. By Application
- 9.4.3.1. Market Size & Forecast
- 9.4.4. Qatar Electrical Insulation Materials Market Outlook
- 9.4.4.1. Market Size & Forecast
- 9.4.4.1.1. By Value & Volume
- 9.4.4.2. Market Share & Forecast
- 9.4.4.2.1. By Type
- 9.4.4.2.2. By Application
- 9.4.4.1. Market Size & Forecast
- 9.4.5. Egypt Electrical Insulation Materials Market Outlook
- 9.4.5.1. Market Size & Forecast
- 9.4.5.1.1. By Value & Volume
- 9.4.5.2. Market Share & Forecast
- 9.4.5.2.1. By Type
- 9.4.5.2.2. By Application
- 9.4.5.1. Market Size & Forecast
- 9.4.1. South Africa Electrical Insulation Materials Market Outlook
10. Market Dynamics
- 10.1. Drivers
- 10.1.1. Growing demand from Automotive Industries
- 10.1.2. Rising Safety Standard of Product Insulation.
- 10.1.3. Increasing demand of Insulation material for electronic goods.
- 10.2. Challenges
- 10.2.1. Availability of a low-grade product
- 10.2.2. Supply chain disturbance
11. Market Trends & Developments
- 11.1. Research Development
- 11.2. Product launch
- 11.3. Merger and Acquisition
12. Global Electrical Insulation Materials Market: SWOT Analysis
13. Porter's Five Forces Analysis
- 13.1. Competition in the Industry
- 13.2. Potential of New Entrants
- 13.3. Power of Suppliers
- 13.4. Power of Customers
- 13.5. Threat of Substitute Product
14. Competitive Landscape
- 14.1. Business Overview
- 14.2. Product Offerings
- 14.3. Recent Developments
- 14.4. Financials (In Case of Listed Companies)
- 14.5. Key Personnel
- 14.6. SWOT Analysis
- 14.6.1. DuPont de Nemours, Inc.
- 14.6.2. Krempel GMBH
- 14.6.3. 3M Company
- 14.6.4. Elantas PDG, Inc.
- 14.6.5. Nitto Denko Corporation
- 14.6.6. Von Roll Holding AG
- 14.6.7. Tesa SE
- 14.6.8. ITW FORMEX - EIS Inc.
- 14.6.9. Haysite Reinforced Plastics Limited
- 14.6.10. NGK Insulators, Ltd.
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