Stratview Research has published a new report on the Electric Vehicle Insulation Market after a thorough analysis of the market. The key sources of information gathered for the report include various industry experts, suppliers, manufacturers, associations along with business distributions. The research report determines unique benefits of the various market size, share and the patent industry. The objective of the Electric Vehicle Insulation Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
Detailed Segmentation – According to the report, the Electric Vehicle Insulation Market is Segmented by Product Type (Thermal Interface Materials, Foamed Plastics, Ceramic, and Others), by Application Type (Under the Bonnet and Battery Pack, Interior, and Others), by Propulsion Type (BEV, PHEV, HEV, and FCEV), Insulation Type (Thermal Insulation & Management, Electrical, and Acoustic), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Electric Vehicle Insulation market is likely to witness an impressive CAGR of 26.7% during the forecast period. The surge in production of electric vehicle insulation in countries such as China, the US, and Germany, among other countries, is likely to bolster the market growth for electric vehicle insulation, during the forecast period.
Critical Questions Answered in the Report
l What are the key trends in the global Electric Vehicle Insulation Market?
l How the market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Electric Vehicle Insulation Market?
l What are the key strategies adopted by the major vendors to lead in the Electric Vehicle Insulation Market?
l What is the market share of the key players?
Based on the product type, the market is segmented as thermal interface materials (TIM), foamed plastics, ceramic, and others. The foamed plastics segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment is directly driven by the growing demand for lightweight and impact-resistant insulation materials in the electric vehicle industry.
Based on the propulsion type, the electric vehicle insulation market is segmented as Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle (HEV), and Fuel Cell Electric Vehicle (FCEV). The BEV segment is estimated to lead the market governed by its emission-free technology and its large battery pack.
Based on the application type, the market is segmented as under the bonnet and battery pack, interior, and others. The under the bonnet and battery pack application segment is expected to dominate the market during the forecast period. The growth of the segment is owing to the need to insulate electric motor and battery, among other components, considering BEVs; and electric motor, internal combustion engine (ICE), battery among a host of other components in case of PHEVs.
Based on the insulation type, the market is segmented as thermal insulation & management, electrical, and acoustic. The thermal insulation & management application segment is estimated to govern the market during the forecast period. The growing demand for high capacity batteries is the major factor propelling the demand for thermal insulation & management in battery packs, which in turn, is contributing to the growth of the segment.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing electric vehicle insulation market during the forecast period, with China being the major region with lucrative growth opportunities. The growth of the market is driven by the presence of major electric vehicle manufacturers such as BYD, Geely, SAIC, Chery Automobile, JAC Motors, and Zotye Automobile, creating a positive impact on the market. The growing concern to reduce greenhouse gas emissions is also creating an increase in the demand for electric vehicle insulation in the region.
The following is a list of the customers that the Electric Vehicle Insulation Market aims to convert the most:
- BASF SE
- The 3M Company
- Morgan Advanced Materials
- Zotefoams plc
- ITW Inc.
- Von Roll Holding AG
- Alder Pelzer Holding GmbH
- Elmelin Ltd
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