About Electrical Insulation Coatings
Electrical Insulation Coating is also called Dielectric coating that is utilized for high electrical resistance for various electrical applications. . Once coated with an Electrical Insulation coating, the applied area does not require maintenance such as water washing or greasing. This coating is durable, long-lasting, and seals concrete floors. The advantages of this electrical insulation coating are single-handed operation, improves safety, provides high electric strength, and provides excellent puncture and fire resistance, application in any shape & size, on-site applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Electrical Insulation Coatings Market is a fragmented market with the availability of a range of organizations. The organization concentrated its activities majorly on research and development and increase the presence of their product in the other regions. Also, they make strategic partnerships and collaborations with the regional players and trying to avail a competitive advantage over others. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electrical Insulation Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), AkzoNobel N.V. (Netherlands), Aremco Products Inc. (United States), Axalta Coating Systems (United States), Chemetall Group (Germany), Elantas GmbH (Germany), Evonik Industries (Germany), PPG Industries (United States), The Fisher Barton Group (United States), DowDuPont (United States) and Fluoro Precision Coatings (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electrical Insulation Coatings market by Type (Powder and Liquid), Application (Aerospace, Automotive, Electronic, Medical and Others) and Region.
On the basis of geography, the market of Electrical Insulation Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Material, the sub-segment i.e. Acrylic will boost the Electrical Insulation Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Substrates, the sub-segment i.e. Composite Structures will boost the Electrical Insulation Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing development and utilization of different electrical types of machinery across different industries and Increase in development of energy-efficient electrical products
Market Growth Drivers:
The increase in demand for electricity and power generation and Increasing demand for electronics and energy conversion products
Challenges:
Different environment-related issues while manufacturing this electrical insulation coating and Conflict Minerals Compliance, restrict the utilization of substance which in one way
Restraints:
Stringent rules and regulations of government regarding VOC (volatile organic compound) emissions and High cost of the electrical insulation costing
Opportunities:
Development of advanced products by continuous research and development and Increasing demand for the electrical insulation coating in developing countries by growing production infrastructure
Market Leaders and their expansionary development strategies
On 21 January 2021, Electro-Wind Supply has acquired CBS Electric Insulation Materials of Calgary, a distributor of wire, insulation, and electrical materials. This acquisition of CBS Electric Insulation Materials provides that opportunity to not only expand with a new location but also add a team that is knowledgeable about the products and market they serve with over 40 years of experience in the industry.
On 17 May 2021, PITTSBURGH announced that it has completed its acquisition of Worwag, a global manufacturer of coatings for industrial and automotive applications. The acquisition of Worwag is another step forward in PPG’s strategic growth plan that will provide further value to our customers and shareholders.
European Union (EU) is the regulatory authority, make rules on treating waste electrical and electronic equipment, to contribute to sustainable production and consumption and they address environmental and other issues caused by the growing number of discarded electronics in the EU.
Key Target Audience
Industrial Association, Government Regulatory Bodies, Raw Material Suppliers, Product Manufacturers, Government Research Institution, Private Research Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.