Electric Insulation Coating Market, By Type (Powder, and Liquid), By Raw Material (Epoxy, PTFE, and Ceramic) and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) Analysis, Share, Trends, Size, & Forecast from 2014 2025
REPORT HIGHLIGHT
The Electric insulation coating market was valued at USD 2.98 billion by 2018, growing with 2.1% CAGR during the forecast period, 2019-2025.
Market Dynamics
Electric insulation coatings are products that are used to contain and separate the live wires while electricity is being conducted to the device. They are used in all kinds of motors, transformers, and generators. An enamelling process is carried out to finish the thermal coating in wires. These products may be made up of varied materials such as Ceramics, polymers, etc. and are used to insulate transformers stacks, switches, etc. They work across a range of voltages. The consistent increase in the demand for electricity in manufacturing and production is resulting in the need for full capacity needs.
As per the data published on the International Energy Agency (2019), the worldwide demand for electricity saw a hike of 4% in 2018 which is nearly twice as that of the past few years. In such a case, the need for electric insulation coating is only going to go higher in the forecasted period. One major restraining factor that could hamper the growth if the industry in the fluctuation in the raw material costs that could significantly hamper the manufacturing costs. The formulation cost for the product is also going to impact the growth of the industry negatively. Due to major regulatory hassles with respect to volatile compounds, the supply for raw material from China has been severely impacted.
Product Takeaway
Two major sub-categorization of the products are powder and liquid. In terms of the biggest slice of market share, the liquid electrical insulation market owns the major part. Over the forecasted period, the market for the powdered based formulations is forecasted to improve owing to the better curing time and no emission of volatile organic compounds. To further this growth, the use of epoxy compounds in these formulations results in better insulation capabilities because epoxy can negate high voltage current.
Raw Material Takeaway
The mostly commonly used raw materials in electrical insulation coating are epoxy, PTFE and Ceramic. Of which, epoxy dominates the market share by 50% owing to its multi-purpose properties. These include better dielectric properties, shock resistance, excellent mechanical strength better resistance to heat, moisture, mechanical and electrical strengths. This is followed by Polyurethane being used as a raw material. Due to stringent government laws in China, this may witness a further decline in the future.
Application Takeaway
The core application areas are Aerospace, Automotive, Marine, Industrial, and Building & Construction. Almost 50% of the market is dominated by the industrial, building and construction segment. This is due to its high demand in the manufacturing process where the need for insulated coatings is higher. Good Insulation coatings will improve the energy usage efficacy which is high in demand. The marine sector is expected to be the fastest-growing sector amongst all the other applications.
Regional Takeaway
The Asia Pacific holds the largest market share globally. In general, the insulation market has witnessed a boost in this region. As per an article published in the Construction opportunities website, the Indian insulation industry is expected to grow owing to the government directives to adhere to Energy Conservation Building code (ECBC), like the Andhra Pradesh (India) Government has announced. Some of Countries such as India, Australia and even South Korea have a great demand for electric insulation coating due to such governmental norms. North America is expected to show consistent steady growth over the forecasted period and so is Europe.
Key Vendor Takeaway
The leading players in the industry are 3M, ELANTAS GmbH, E. I. du Pont de Nemours and Company, Akzo Nobel N.V., PPG Industries, Inc., Chemetall Group, ELANTAS GmbH, Axalta Coating Systems, Aremco, The Fisher Barton Group and others. Recently, in July 2019, AkzoNobel announced acquisition of Mapaero in order to strengthen its presence in the global aerospace coatings market. This acquisition aims to provide customers a wider and much more innovative product solution that are sustainable in the long run. The entire acquisition transaction is due to be completed by the end of 2019.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2018
- Estimated Year – 2019
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
- Powder
- Liquid
MARKET, BY RAW MATERIAL
- Epoxy
- Polytetrafluoroethylene (PTFE)
- Ceramic
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1.ELECTRIC INSULATION COATING MARKET OVERVIEW
1.1.Study Scope
1.2.Assumption and Methodology
2.EXECUTIVE SUMMARY
2.1.Market Snippet
2.1.1.Market Snippet by Type
2.1.2.Market Snippet by Raw Material
2.1.3.Market Snippet by Region
2.2.Competitive Insights
3.ELECTRIC INSULATION COATING KEY MARKET TRENDS
3.1.Market Drivers
3.1.1.Impact Analysis of Market Drivers
3.2.Market Restraints
3.2.1.Impact Analysis of Market Restraints
3.3.Market Opportunities
3.4.Market Future Trends
4.ELECTRIC INSULATION COATING INDUSTRY STUDY
4.1.Porter’s Five Forces Analysis
4.2.Marketing Strategy Analysis
4.3.Growth Prospect Mapping
4.4.Regulatory Framework Analysis
5.ELECTRIC INSULATION COATING MARKET LANDSCAPE
5.1.Market Share Analysis
5.2.Key Innovators
5.3.Breakdown Data, by Key manufacturer
5.3.1.Established Player Analysis
5.3.2.Emerging Player Analysis
6.ELECTRIC INSULATION COATING MARKET – BY TYPE
6.1.Overview
6.1.1.Segment Share Analysis, By Type, 2018 & 2025 (%)
6.2.Powder
6.2.1.Overview
6.2.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.Liquid
6.3.1.Overview
6.3.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.ELECTRIC INSULATION COATING MARKET – BY RAW MATERIAL
7.1.Overview
7.1.1.Segment Share Analysis, By Raw Material, 2018 & 2025 (%)
7.2.Epoxy
7.2.1.Overview
7.2.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3.Polytetrafluoroethylene (PTFE)
7.3.1.Overview
7.3.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4.Ceramic
7.4.1.Overview
7.4.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.ELECTRIC INSULATION COATING MARKET– BY GEOGRAPHY
8.1.Introduction
8.1.1.Segment Share Analysis, By Region, 2018 & 2025 (%)
8.2.North America
8.2.1.Overview
8.2.2.Key Manufacturers in North America
8.2.3.North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.2.4.North America Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
8.2.5.North America Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
8.2.6.U.S.
8.2.6.1.Overview
8.2.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7.Canada
8.2.7.1.Overview
8.2.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.Europe
8.3.1.Overview
8.3.2.Key Manufacturers in Europe
8.3.3.Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.3.4.Europe Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
8.3.5.Europe Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
8.3.6.Germany
8.3.6.1.Overview
8.3.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7.Italy
8.3.7.1.Overview
8.3.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8.United Kingdom
8.3.8.1.Overview
8.3.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.9.France
8.3.9.1.Overview
8.3.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.10.Rest of Europe
8.3.10.1.Overview
8.3.10.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.Asia Pacific (APAC)
8.4.1.Overview
8.4.2.Key Manufacturers in Asia Pacific
8.4.3.Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.4.4.Asia Pacific Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
8.4.5.Asia Pacific Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
8.4.6.India
8.4.6.1.Overview
8.4.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7.China
8.4.7.1.Overview
8.4.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8.Japan
8.4.8.1.Overview
8.4.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.9.South Korea
8.4.9.1.Overview
8.4.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.10.Rest of APAC
8.4.10.1.Overview
8.4.10.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.Latin America
8.5.1.Overview
8.5.2.Key Manufacturers in Latin America
8.5.3.Latin America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.5.4.Latin America Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
8.5.5.Latin America Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
8.5.6.Brazil
8.5.6.1.Overview
8.5.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7.Mexico
8.5.7.1.Overview
8.5.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.8.Argentina
8.5.8.1.Overview
8.5.8.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.9.Rest of LATAM
8.5.9.1.Overview
8.5.9.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.Middle East and Africa
8.6.1.Overview
8.6.2.Key Manufacturers in Middle East and Africa
8.6.3.Middle East and Africa Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
8.6.4.Middle East and Africa Market Size and Forecast, By Type, 2014 – 2025 (US$ Million)
8.6.5.Middle East and Africa Market Size and Forecast, By Raw Material, 2014 – 2025 (US$ Million)
8.6.6.Saudi Arabia
8.6.6.1.Overview
8.6.6.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6.7.United Arab Emirates
8.6.7.1.Overview
8.6.7.2.Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.KEY VENDOR ANALYSIS
9.1.3M Company
9.1.1.Company Snapshot
9.1.2.Financial Performance
9.1.3.Product Benchmarking
9.1.4.Strategic Initiatives
9.2.ELANTAS GmbH
9.3.E. I. du Pont de Nemours and Company
9.4.Akzo Nobel N.V.
9.5.PPG Industries, Inc.
9.6.Chemetall Group
9.7.ELANTAS GmbH
9.8.Axalta Coating Systems
9.9.Aremco
9.10.The Fisher Barton Group
10.360 DEGREE ANALYSTVIEW
11.APPENDIX
11.1.Research Methodology
11.2.References
11.3.Abbreviations
11.4.Disclaimer
11.5.Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Electric Insulation Coating market: Type snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Electric Insulation Coating market, by Type 2014-2025 (USD Million)
TABLE Electric Insulation Coating market: Raw Material Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Raw Material
TABLE Global Electric Insulation Coating market, by Raw Material 2014-2025 (USD Million)
fTABLE Electric Insulation Coating market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Electric Insulation Coating market, by Region 2014-2025 (USD Million)
TABLE North America Electric Insulation Coating market, by Country, 2014-2025 (USD Million)
TABLE North America Electric Insulation Coating market, by Type, 2014-2025 (USD Million)
TABLE North America Electric Insulation Coating market, by Raw Material, 2014-2025 (USD Million)
TABLE Europe Electric Insulation Coating market, by country, 2014-2025 (USD Million)
TABLE Europe Electric Insulation Coating market, by Type, 2014-2025 (USD Million)
TABLE Europe Electric Insulation Coating market, by Raw Material, 2014-2025 (USD Million)
TABLE Asia Pacific Electric Insulation Coating market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Electric Insulation Coating market, by Type, 2014-2025 (USD Million)
TABLE Asia Pacific Electric Insulation Coating market, by Raw Material, 2014-2025 (USD Million)
TABLE Latin America Electric Insulation Coating market, by country, 2014-2025 (USD Million)
TABLE Latin America Electric Insulation Coating market, by Type, 2014-2025 (USD Million)
TABLE Latin America Electric Insulation Coating market, by Raw Material, 2014-2025 (USD Million)
TABLE Middle East and Africa Electric Insulation Coating market, by country, 2014-2025 (USD Million)
TABLE Middle East and Africa Electric Insulation Coating market, by Type, 2014-2025 (USD Million)
TABLE Middle East and Africa Electric Insulation Coating market, by Raw Material, 2014-2025 (USD Million)
List of Figures
FIGURE Electric Insulation Coating market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2018 & 2025
FIGURE Type segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Powder market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Liquid market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Raw Material segment market share analysis, 2018 & 2025
FIGURE Raw Material segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Epoxy Material market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Polytetrafluoroethylene (PTFE) Material market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Ceramic Raw Material market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others Raw Material market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2018 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Electric Insulation Coating market share and leading players, 2018
FIGURE Europe Electric Insulation Coating market share and leading players, 2018
FIGURE Asia Pacific Electric Insulation Coating market share and leading players, 2018
FIGURE Latin America Electric Insulation Coating market share and leading players, 2018
FIGURE Middle East and Africa Electric Insulation Coating market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Spain market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Italy market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE UK market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE France market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Japan market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE South Korea market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Singapore market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of APAC market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Latin America market share analysis by country, 2018
FIGURE Brazil market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Mexico market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Argentina market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of LATAM market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market share analysis by country, 2018
FIGURE Saudi Arabia market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE United Arab Emirates market size, forecast and trend analysis, 2014 to 2025 (USD Million)
