Future Market Insights has announced the addition of the “Electrical Insulation Materials Market Asia Pacific Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
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3. Electrical insulation is resistance to the flow of electric charge. Electrical insulation
materials isolate individual components which are at different electrical potentials. The
primary function of an electrical insulator is to support or separate electrical conductors
without allowing current to flow through them. Conventionally, glass and ceramics were
the most prominently used electrical insulation materials However, over the recent past,
polymer based electrical insulation materials have accounted for a significant share in
overall global electrical insulation materials market. Consumption of polymer based
electrical insulation materials is expected to witness a steady growth during forecast
period.
Electrical Insulation Materials Market: Drivers and restraints
Global electrical insulation materials market is expected to witness a steady growth over
the forecast period. Demand for electrical insulation materials is expected to be driven
primarily by the growth in demand from construction industry, especially in developing
economies in Asia Pacific region such as China and India. Moreover, the steady growth in
re-insulation market across developed economies of North America and Europe is also
expected to fuel the growth of global electrical insulation materials
market during forecast period. Besides, increasing demand for consumer electronics and
allied products is another factor that is expected to drive growth of global electrical
insulation materials market. Also, increasing investments towards installation of
transmission lines across developing regions is another factor that is expected to
positively impact global electrical insulation materials market over forecast period.
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Electrical Insulation Materials Market: Segmentation
The electrical insulation materialsmarket can be segmented based on material types as:
• Ceramics
• Glass
• Composites
• Plastics
o PEEK
o Polypropylene
o PVC
Consumption of polymer based and Composite materials for electrical insulation is
expected to witness a relatively faster growth rate during forecast period. These
materials are lighter in weight and exhibit favourable properties such as high mechanical
strength and electrical resistance, capacity to withstand and deliver consistent
performance in harsh climatic conditions and exhibit relatively more effective voltage
endurance as compared to that of ceramics and some of the other materials.
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5. The electrical insulation materials market can be segmented based on applications as:
• Cables and Transmission Lines
• Transformer components
• Circuit boards
• High voltage circuit breakers
• Others
The electrical insulation materials market can be segmented based on end use industry
as:
• Infrastructure
• Transportation
• Manufacturing
• Others (Utilities)
The electrical insulation materials market can be segmented based on voltage as:
• Low Voltage
• Medium Voltage
• High Voltage
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Electrical insulation materials market: Region wise outlook
Global electrical insulation materials market can be broadly classified based on
geography into seven key segments as North America, Latin America, Western Europe,
Eastern Europe, Asia – Pacific, Japan, Middle – East and Africa. Out of all these segments,
Asia-Pacific has the highest market share.Increase in the Transmission and distribution
line related investments is expected to drive the demand for the electric insulation
materials especially in Asia-Pacific and MEA regions during forecast period.
Electrical insulation materials market: Key market players
Some of the key players identified in the electrical insulation materials market are:
• BASF SE
• Huntsman Corporation
• Knauf Insulation Group,Owens Corning
• Recticel
• Fletcher Insulation,GAF Materials Corporation
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