Electrical Insulation Materials Market [2028] by Trends, Share, Demands, Forecast

Report Description

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 increasing 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 make the product as per benchmark standards. Thus, the need for 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 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.

Download Free Sample Report

Market Segmentation
Global electrical insulation materials segmented based on type, and application. Based on type, market is divided into thermoplastics, epoxy resins, ceramics, and others. Based on application, 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.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Type Application
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; Australia; Malaysia; Germany; France; United Kingdom; Spain; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; Egypt; Turkey.
Key companies profiled	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.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Electrical Insulation Materials market has been segmented into 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).

Global electrical insulation materials market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

5.4.2. 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

5.4.3. 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

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

6.4.2. 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

6.4.3. 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

6.4.4. 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

6.4.5. 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

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

7.4.2. 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

7.4.3. 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

7.4.4. 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

7.4.5. 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

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

8.4.2. 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

8.4.3. 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

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

9.4.2. 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

9.4.3. 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

9.4.4. 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

9.4.5. 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

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.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the global electrical insulation materials market?

Rising demand from end user and growing electric infrastructure projects are driving the demand for the global electrical insulation materials market.

Who are the top players operating in the global electrical insulation materials market?

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 the key players operating in the global electrical insulation materials Market.

Which application type is expected to dominate the global electrical insulation materials market in the forecast period?

Based on application type, the market is divided into food & beverage, electrical & electronics, pharmaceuticals, cosmetics & personal care, and others. The food & beverage segment are expected to lead the market segment in the forecast period. Due to its thermoplasticity, easy manufacturing, low cost and easily accessibility, it is more demanded in its segment and dominates the segment.

Which region is expected to account the highest market growth in global electrical insulation market?

The Asia-Pacific region is expected to register the highest growth in the electrical insulation market during the forecast period. Due to its increasing population, growing infrastructure, manufacturing expertise, low-cost workforce availability, and innovation capabilities is expected to dominate the market.

Buy Now