Electrical Insulation Materials Market Poised to Register 6.7% CAGR through 2027Posted by Pradnya Kulkarni on October 16th, 2017 Future Market Insights delivers key insights on the global electrical insulation materials market in its latest report titled ‘Electrical Insulation Materials Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027.’ The long-term outlook on the global electrical insulation materials market remains positive, with market value expected to increase at a CAGR of 6.7% during the forecast period (2017 – 2027). Among material type, the thermoplastics segment is expected to expand at a significant CAGR in terms of value over the forecast period. Global sales of electrical insulation materials is estimated to be valued at US$ 10.4 Bn by the end of 2017. Asia Pacific Excluding Japan (APEJ) is estimated to account for a value share of 38.2% in the global electrical insulation materials market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during the forecast period. Market Dynamics The global electrical insulation materials market is greatly influenced by the use of thermoplastic electrical insulation materials. Thermoplastics segment accounts for a high market share in terms of volume as compared to other materials. Moreover, growth in the wire & cable market is expected to influence the electrical insulation materials market positively, marking high growth rate of the sector in developed as well developing countries. This is expected to create strong growth opportunities for electrical insulation materials manufacturers. Geographical expansions in new regions in the form of creating sales and distribution networks and establishing local manufacturing infrastructure could provide stability as well as growth opportunities for manufacturers in terms of revenue generation. However, the global electrical insulation materials market is expected to face some challenges. High costs of electrical insulation materials are a prime challenge for electrical insulation materials manufacturers that may impact the demand for electrical insulation materials, thus in turn restricting revenue growth of the global electrical insulation materials market. View and Download TOC of Electrical Insulation Materials Market Research Report@ https://www.futuremarketinsights.com/reports/electrical-insulation-materials-market/toc Segmentation Analysis The electrical insulation materials market is segmented on the basis of material into thermoplastics, epoxy resins, ceramics, fibre glass composites and others. It is also segmented on the basis of application into wires & cables, motors & generators, transformers and others.
Regional Market Projections APEJ is the leading market for electrical insulation materials accounting for over 35% market share in terms of revenue in the global electrical insulation materials market by the end of 2017. Japan is expected to expand at a moderate CAGR in the electrical insulation materials market through 2027. The China electrical insulation materials market is projected to hold significant market share in terms of value in the APEJ electrical insulation materials market over the forecast period, exhibiting a CAGR of 7.0% over the forecast period. Consumption of electrical insulation materials in Western Europe is expected to increase to 1,452 kilotons by 2027 end. Vendor Insights The report highlights some of the key companies operating in the global electrical insulation materials market such as Nitto Denko Corporation, 3M, E. I. du Pont de Nemours and Company, The Dow Chemical Company, Hitachi Chemical Co., Ltd., Elantas GmbH, ITW Formex and Krempel GmbH. Top market players have been focussing on acquisitions of small and established players to strengthen their presence in the global electrical insulation materials market. Key market players have also been focussing on developing an effective sales and distribution infrastructure and manufacturing sites across regions to augment sales and cater to local demand. Buy Full Electrical Insulation Materials Market Report@ https://www.futuremarketinsights.com/checkout/1820 Like it? Share it!More by this author |