Global Electrical Insulation Materials Market
Global Electrical Insulation Materials Market was valued at USD 9.42 billion in 2021 and is expected to reach USD 14.3 billion by 2027, at a CAGR 5.46% from 2022-2027.
Electrical Insulation Materials market is defined as a material in which electric current does not flow freely. The atoms of the insulator are tightly bound electrons which are unable to move. Other materials such as semiconductors and conductors conduct electric current more easily. One property which distinguishes an insulator is its resistivity. Insulators have higher resistivity than semiconductors and conductors. The most common examples are non-metals.
Market Drivers
The increasing demand for thermosets such as epoxy resins used in power generation for safeguarding the equipment and machines is boosting the market. Also, increasing application in cables, wires, and batteries will continue to boost sales in the electrical insulation materials market.
Further, rising need for energy conservation and reduction in power losses while operating various electrical equipment is contributing to the growth in the global electrical insulation materials market.
Market Restraints
High costs of electrical insulation materials and rising number of low-quality grey market products are a major factor hampering the market growth, and are expected to be a challenging factor for the global electrical insulation materials market size during the forecast period.
Market Segmentation
The Global Electrical Insulation Materials Market is segmented into type, application, and region.
Based on type, the electrical insulation materials market is segmented into thermoplastics, epoxy resin, and ceramic.
Regional Analysis
The Global Electrical Insulation Materials Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the market. North America is the second-largest market for electrical insulation materials. The US, Canada, and Mexico are the major countries in North American electrical insulation materials.
Key Players
Various key players are discussed in the Global Electrical Insulation Materials Market Report including: Nitto Denko Corporation, 3M Company, E. I. DuPont de Nemours and Company, The Dow Chemical Company, Showa Denko Materials Co., Ltd., KREMPEL GmbH, ITW Formex, Elantas GmbH, Nikkan Industries Co., Ltd, Dr. Dietrich Müller GmbH and Weidmann Holding AG
Market Taxonomy
By Material Type
By Application
By Region
Global Electrical Insulation Materials Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electrical Insulation Materials Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electrical Insulation Materials Market, By Material Type
5.1 Y-o-Y Growth Comparison, By Material Type
5.2 Global Electrical Insulation Materials Market Share Analysis, By Material Type
5.3 Global Electrical Insulation Materials Market Size and Forecast, By Material Type
5.3.1 Thermoplastics
5.3.1.1 PVC
5.3.1.2 Polyethylene
5.3.1.3 Others
5.3.2. Thermosets
5.3.2.1 Epoxy Resin
5.3.2.2 Silicone Rubber
5.3.2.3 Polyimide
5.3.2.4 Others
5.3.3 Ceramics
5.3.4 Fiberglass
5.3.5 Mica
5.3.7 Cotton
5.3.8 Others
6 Global Electrical Insulation Materials Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Electrical Insulation Materials Market Share Analysis, By Application
6.3 Global Electrical Insulation Materials Market Size and Forecast, By Application
6.3.1 Power Transformer
6.3.2 Distribution Transformers
6.3.3 Electrical Motors & Generators
6.3.4 Wires & Cables
6.3.5 Switchgears
6.3.6 Batteries
6.3.8 Electronics Systems
6.3.9 Cables & Transmission Lines
6.3.10 Domestic Portable Appliances
6.3.11 Others
7 Global Electrical Insulation Materials Market, By Region
7.1 Global Electrical Insulation Materials Market Share Analysis, By Region
7.2 Global Electrical Insulation Materials Market Share Analysis, By Region
7.3 Global Electrical Insulation Materials Market Size and Forecast, By Region
8 North America Electrical Insulation Materials Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Electrical Insulation Materials Market Share Analysis, By Material Type
8.3 North America Electrical Insulation Materials Market Size and Forecast, By Application
8.4 North America Electrical Insulation Materials Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Electrical Insulation Materials Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Electrical Insulation Materials Market Share Analysis, By Material Type
9.3 Europe Electrical Insulation Materials Market Size and Forecast, By Application
9.4 Europe Electrical Insulation Materials Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Electrical Insulation Materials Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Electrical Insulation Materials Market Share Analysis, By Material Type
10.3 Asia Pacific Electrical Insulation Materials Market Size and Forecast, By Application
10.4 Asia Pacific Electrical Insulation Materials Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Electrical Insulation Materials Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Electrical Insulation Materials Market Share Analysis, By Material Type
11.3 Latin America Electrical Insulation Materials Market Size and Forecast, By Application
11.4 Latin America Electrical Insulation Materials Market Size and Forecast, Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Electrical Insulation Materials Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Electrical Insulation Materials Market Share Analysis, Material Type
12.3 Middle East Electrical Insulation Materials Market Size and Forecast, By Application
12.4 Middle East Electrical Insulation Materials Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Nitto Denko Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 3M Company
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 E. I. DuPont de Nemours and Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 The Dow Chemical Company
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Showa Denko Materials Co., Ltd.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 KREMPEL GmbH
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 ITW Formex
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Elantas GmbH
14. 8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Nikkan Industries Co., Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Weidmann Holding AG
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
