Electrical Insulation Materials Market Size, Share, Trends and Forecasts, 2016 to 2022

According to Stratistics MRC, the Global Electrical Insulation Materials market accounted for $7.2 billion in 2015 and is expected to grow at a CAGR of 6.64% to reach $11.2 billion by 2022. The market has experienced a robust growth fuelled by huge requirement of electrical insulation materials. Some of the key drivers impacting the market growth include, rising demand for electricity, advancements in technologies, growth in renewable energy and rapid developments in distribution networks. However, huge cost of raw materials will negatively impact the market.

Composite Materials is the fastest growing segment in electrical insulation materials market due to high mechanical strength & electrical resistance and more effective voltage staying power in cruel climatic conditions. By geography, Asia Pacific witnessed highest market share during the forecast period owing to rapid industrialization in the region.

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The market key players include Teijin Dupont Films Japan Limited, Nitto Denko Corporation, Haysite Reinforced Plastics, Krempel GmbH, Elantas Electrical Insulation- Altana AG, Tesa SE, Vitar Insulation Manufacturers Ltd, 3M Company and others.

Material Covered:

Ceramics

Plastics

Epoxy Resin

Glass

Composites

Voltage Covered:

High Voltage

Medium Voltage

Low Voltage

Application Covered:

High Voltage Circuit Breakers

Transformer Components

Circuit Boards

Cables and Transmission Lines

Other Applications

End User Covered:

Manufacturing

Infrastructure

Transportation

Other End Users

What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets...