[Latest] Global Electrical Insulation Materials Market Size/Share Worth USD 17 Billion by 2030 at a 6.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Electrical Insulation Materials Market size & share revenue was valued at approximately USD 9.5 Billion in 2021 and is expected to reach USD 10.33 billion in 2022 and is expected to reach around USD 17 Billion by 2030, at a CAGR of 6.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Dupont, Weidmann (WICOR Group), Elantas Electrical Insulation, Krempel, Pucaro (ABB), 3M, Toray, Von Roll, Sichuan EM Technology, Nitto Denko Corporation, ISOVOLTA AG, Suzhou Taihu, Axalta (The Carlyle Group), Suzhou Jufeng, Zhejiang Rongtai, and others.


Sandy, Utah, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electrical Insulation Materials Market Size, Trends and Insights By Type (Glass Insulator, Polymer Insulator, Porcelain Insulator), By Material (Thermoplastics, Thermosets, Fiber Glass, Mica, Cellulose, Cotton & Others), By Voltage (High Voltage, Medium Voltage, Low Voltage), By Application (Transformers and Bushings, Rotating Machines, Cables and Transmission Lines, Surge Protector and Circuit Breaker, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Electrical Insulation Materials Market size & share was valued at approximately USD 9.5 Billion in 2021 and is expected to reach USD 10.33 billion in 2022and is expected to reach a value of around USD 17 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.5% during the forecast period 2022 to 2030.”

Our research report offers a 360-degree view of the Electrical Insulation Materials market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electrical Insulation Materials market.

Electrical Insulation Materials Market: Overview

The demand for electrical insulating materials is rising in the energy, automotive, and construction industries. In addition, the growth of electrification in developing nations like China and India has raised the demand for electrical insulating materials as more and more power plants are being built, which is driving the market. Insulated wires that can tolerate high voltage levels are also necessary to manufacture microchips. Additionally, higher insulator manufacturing rates will be required due to the world’s numerous areas’ accelerated growth of wire distribution networks.

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Growth Factors

The primary energy source for many processes employed worldwide is electrical. One of the key factors driving the market for electricity, which is the need for electrical insulating materials, is the increasing adoption of electrical equipment in both home and industrial applications. The International Energy Agency projects that the energy demand will increase by over 5% in 2021 and 4% in 2022. India’s power demand is anticipated to increase by 8–8.5% in 2022, according to ICRA Ltd. Additionally, India’s energy demand climbed by 12.7% to 707 billion units between April 2021 and September 2021. One of the critical elements driving India’s increasing industrialization is the demand for energy, which in turn is going to the need for electrical insulation materials.

Energy Insulation materials utilized in producing various electrical components include thermoplastics, ceramics, thermosets, and porcelain. Power transformers, distribution transformers, electrical motors and generators, wires and cables, switchgear, batteries, circuit breakers, shackles, pin insulators, and other components are made from these materials. These parts are widely employed in infrastructure-related projects like residential, commercial, and industrial buildings. During the projection period, the market for electrical insulating materials will be driven by the expansion of safety measures and the increased installation of safety components in the construction sector.

(A free sample of the Electrical Insulation Materials report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
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  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electrical Insulation Materials report has been modified to include the COVID-19 impact study prior to delivery.)


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Segmental Overview

The market for Electrical Insulation Materials is segmented into type, material, voltage, and application. With a market share of over 25% in the Electrical Insulation Materials market in 2021, the thermosets segment is expected to expand at a considerable CAGR from 2022 to 2030. The materials used to create thermoset insulation typically get stronger when heated. Thermoset insulations have a more muscular endurance for high temperatures than other materials like thermoplastics. Therefore, thermosets like silicone rubber, epoxy resin, and polyimide are frequently chosen for electrical insulation.

The Association of Natural Rubber Producing Countries (ANRPC) reported that the world’s natural rubber (NR) production increased by 13.6% annually in 2021 to reach 941,000 tons. While the expected annual growth rate for the global demand for NR is 0.3%, going 1.210 million tons in 2021. Therefore, the market for electrical insulating materials is expected to be driven by the rising production and consumption of rubber.

Regional Overview

With a revenue share of over 40% in 2021, the Asia Pacific region led the market for electrical insulation materials, and it is expected to continue to rule over the forecast period (2022-2030). The market expansion for electrical insulation materials in the Asia Pacific area is driven by prominent producers such as Nitto Denko Corporation, DuPont Teijin Films, and Vitar Insulation Manufacturers Ltd.

The demand for electrical insulating materials is also fueled by the region’s expanding manufacturing of thermosets and thermoplastics and its abundant supply of raw materials. In addition, the expansion of the area is being aided by rising investments in the energy industry as well as China’s and India’s accelerating industrialization. In India, the manufacturing sector is anticipated to develop by 12.5% in 2021–2022; mining and quarrying by 14.3%; construction by 10.7%; and electricity, gas, and water supply by 8.5%. Therefore, over the projection period, the demand for electrical insulating materials will be driven by the increase in these industries.

Key questions answered in this report:

  • What is the size of the Electrical Insulation Materials market and what is its expected growth rate?
  • What are the primary driving factors that push the Electrical Insulation Materials market forward?
  • What are the Electrical Insulation Materials Industry's top companies?
  • What are the different categories that the Electrical Insulation Materials Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Electrical Insulation Materials market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Electrical Insulation Materials Market @ https://www.custommarketinsights.com/report/electrical-insulation-materials-market/

Report Scope

Feature of the ReportDetails
Market Size in 2021USD 9.5 Billion
Projected Market Size in 2030USD 17 Billion
Market Size in 2022USD 10.33 billion
CAGR Growth Rate6.5% CAGR
Base Year2021
Forecast Period2022-2030
Prominent PlayersDupont, Weidmann (WICOR Group), Elantas Electrical Insulation, Krempel, Pucaro (ABB), 3M, Toray, Von Roll, Sichuan EM Technology, Nitto Denko Corporation, ISOVOLTA AG, Suzhou Taihu, Axalta (The Carlyle Group), Suzhou Jufeng, Zhejiang Rongtai, and Others
Key SegmentBy Type, Material, Voltage, Application, and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research. Buy Now

Key Players Insights

The main business strategies in the electrical insulation materials market are technology releases, acquisitions, and R&D initiatives. 

Our market analysis includes a section specifically devoted to key players operating in the Electrical Insulation Materials market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors. 

  • 2022: Asahi Kasei Plastics Singapore has obtained ISCC PLUS certification for the sustainability of polyphenylene ether (PPE).

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Directly Purchase a copy of the Electrical Insulation Materials report [220+ Pages] @ https://www.custommarketinsights.com/report/electrical-insulation-materials-market/

Prominent Players

  • Dupont
  • Weidmann (WICOR Group)
  • Elantas Electrical Insulation
  • Krempel
  • Pucaro (ABB)
  • 3M
  • Toray
  • Von Roll
  • Sichuan EM Technology
  • Nitto Denko Corporation
  • ISOVOLTA AG
  • Suzhou Taihu
  • Axalta (The Carlyle Group)
  • Suzhou Jufeng
  • Zhejiang Rongtai

Key questions answered in this report:

  • What is the size of the Electrical Insulation Materials market and what is its expected growth rate?
  • What are the primary driving factors that push the Electrical Insulation Materials market forward?
  • What are the Electrical Insulation Materials Industry's top companies?
  • What are the different categories that the Electrical Insulation Materials Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Electrical Insulation Materials market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Electrical Insulation Materials Market @ https://www.custommarketinsights.com/report/electrical-insulation-materials-market/

The global Electrical Insulation Materials market is segmented as follows:

By Type

  • Glass Insulator
  • Polymer Insulator
  • Porcelain Insulator

By Material

  • Thermoplastics
  • Thermosets
  • Fiber Glass
  • Mica
  • Cellulose
  • Cotton & Others

By Voltage

  • High Voltage
  • Medium Voltage
  • Low Voltage

By Application

  • Transformers and Bushings
  • Rotating Machines
  • Cables and Transmission Lines
  • Surge Protector and Circuit Breaker
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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Browse the full “Electrical Insulation Materials Market Size, Trends and Insights By Type (Glass Insulator, Polymer Insulator, Porcelain Insulator), By Material (Thermoplastics, Thermosets, Fiber Glass, Mica, Cellulose, Cotton & Others), By Voltage (High Voltage, Medium Voltage, Low Voltage), By Application (Transformers and Bushings, Rotating Machines, Cables and Transmission Lines, Surge Protector and Circuit Breaker, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electrical-insulation-materials-market/


Recent Developments

  •   In May 2022, Krempel announced that Nomex 910, a unique insulating material comprised of high-quality electrical grade cellulose pulp developed by DuPont, would exclusively be produced and sold through Krempel. This partnership is expected to strengthen Krempel’s market position in the electrical insulation materials market.
  •  In April 2022, Von Roll planned to expand its site in Italy for the growing potting resin business in the automotive and electronic industries. This will boost production and warehouse capacities and R&D resources and establish a customer experience center.

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This Electrical Insulation Materials Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Manufacturing Technology is used for Electrical Insulation Materials? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Electrical Insulation Materials Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was the Global Market Status of the Electrical Insulation Materials Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electrical Insulation Materials Market?
  • What Is the Current Market Status of the Electrical Insulation Materials Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electrical Insulation Materials Market by Considering Applications and Types?
  • What Are Projections of the Global Electrical Insulation Materials Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Electrical Insulation Materials Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact on Electrical Insulation Materials Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are the Market Dynamics of the Electrical Insulation Materials Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electrical Insulation Materials Industry?

Directly Purchase a copy of the Electrical Insulation Materials report [220+ Pages] @ https://www.custommarketinsights.com/report/electrical-insulation-materials-market/

Reasons to Purchase Electrical Insulation Materials Market Report

  • Electrical Insulation Materials Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
  • Electrical Insulation Materials Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Electrical Insulation Materials Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Electrical Insulation Materials Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Click Here to Access a Free Sample Report of the Global Electrical Insulation Materials Market https://www.custommarketinsights.com/report/electrical-insulation-materials-market/

Reasons for the Research Report

  • The study provides a thorough overview of the global Electrical Insulation Materials market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electrical Insulation Materials market analysis.
  • The competitive environment of current and potential participants in the Electrical Insulation Materials market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Electrical Insulation Materials market should find this report useful. The research will be useful to all market participants in the Electrical Insulation Materials Industry.
  • Managers in the Electrical Insulation Materials sector are interested in publishing up-to-date and projected data about the worldwide Electrical Insulation Materials market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electrical Insulation Materials products' market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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