Chicago, Oct. 27, 2022 (GLOBE NEWSWIRE) — The globe Electrical Insulation Materials Market is expected to grow from $10.6 billion in 2022 to $14.3 billion in 2027, at a CAGR of 6.2% between 2022 and 2027, according to the latest study by MarketsandMarkets™. Electrical insulating materials are used in electrical systems to prevent unwanted current flow from the terminals to earth. These materials have different properties and therefore have unique capabilities. Electrical insulating materials prevent or limit the flow of electricity on their surface due to their low conductivity. These are useful when security against open electrical systems is to be provided or the current flow is to be regulated. The increasing use of electrical insulation materials due to high automation growth in the construction industry and increasing sales of electric vehicles (EVs) is driving the market for electrical insulation materials.

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Browse Detailed TOC on Electrical Insulation Materials Market

218 – Market Data Tables

47 – numbers

198 pages

List of Major Players in Electrical Insulation Materials Market:

1. Dupont (USA)
2. Elantas (Germany)
3. Krempel GmbH (Germany)
4. Nitto Denko (Japan)
5. Von Roll (Switzerland)
6. ITW Formex (US)
7. 3M (USA)
8. Haysite Reinforced Plastics (USA)
9. Vitamin (China)
10. Tesa SE (Germany)
11. Teijin DuPont films (Japan)
12. NGK insulator (Japan)

Drivers, Limitations, Opportunities and Challenges in Electrical Insulation Materials market:

1. Driver: Increasing demand for electric vehicles (EVs)
2. restraint: Increasing number of inferior gray market products
3. opportunity: HVDC transmission for long-distance lines
4. Challenge: Volatile commodity prices

Main results of the study:

1. The thermoplastics segment is estimated to lead the electrical insulation materials market during the forecast period.
2. The power systems application is expected to exhibit the fastest growth in the electrical insulation materials market during the forecast…