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Global Electrical Insulation Coating Market - 2020-2027

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Global Electrical Insulation Coating Market - 2020-2027
Published: December 4, 2020 Content info:
Description

Market Overview

The global electrical insulation coating size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).

Electrical insulation coatings are designed to impart high electric strength and provide protection against environmental impacts for various electrical applications. Coating provides excellent ultra violet radiation resistance coupled with tracking resistance which is suitable for outdoor exposure in extreme weather conditions. The electrical insulation coating provides excellent water repellent properties. The electrical insulation coating is provided to several applications such as for electrical rotary equipments such as motors and generators, transformers and sensors.

Electrical insulation coating is substantially used in end-user industries such as power generation, industrial electrical machinery, automotive, aerospace, marine, building & construction and among others.

Market Dynamics

The global electrical insulation coatings is driven by rising demand for the energy saving in the electrical power to prevent corrosion with growing strict policies, rules & regulations by governments has impelled the electrical insulation coating market. Further growing demand f electrical insulation coating in the end-user industries such as buildings &construction, automotive, power generation, electrical & electronics etc. around the globe have propelled the demand for this market.

Rising demand of the electrical coating insulation for the end-user industry such as building & construction, electrical & electronic etc. around the globe

The market is driven by surge in the demand by the end-user undustries such as building & construction, automotive, power genertation, electronics& electrical with growingstrict rules and regulations by several government. For instance electrical coating insulation helps to protect from the flow of electrical current to ensure the safety of the work crew used in power plants and substations. Increasing power plants capacity of the electricity genearation due to surge in global energy demand have propelled the demand for this market. As per the Department of Economic and Social Affairs Statistics Division in 2016, world's total energy supply1 (TES) increased by almost 60% from 1990 to 2016, reaching 568 EJ. This growth was driven by Asia, where Chinese total energy supply increased nearly fourfold during this period, accounting for 21% of world TES in 2016.

Growing demand for the energy saving in the electrical power to prevent corrosion with growing strict policies rules & regulations by governments

Further growing demand for the energy saving in the electrical power to prevent corrosion with growing strict policies rules & regulations by governments. For instance occupational safety and health administration (OSHA) the fedearal government agency has set electrical standards are based on the national electric code, national fire protection association standards NFPA 70,, and NFPA 70E, electrical safety requirements for employee workplaces. It created massive demand for the electrical insulation coating in the industrial sectors to facilitate the safety and protection against the hazardous events.

Growing demand of electrical insulation coating in the chemical industry, oil refineries with the help of advanced material launching by the leading players is expected to strengthen market growth

Increasing launching of the advanced material based insulation for the electrical equipments and several industrial by the leading manufacturers have created huge opportunity for the growth of the adhesive equipments market. Further growing demand and sale of the consumer electromics and appliences have created huge demand for global electrical insulation coating market. For instance as per the India Brand Equity Foundation Organization in 2019, the consumer electronics and appliences sale reached to aroundUS$ 10.93 billion and is projected to reach around US$ 21 billion by 2025 in India.

COVID-19 Impact Analysis

The global electrical insulation coating market has shown slight declination due to the Covid-19 pandemic, as several leading manufacturing industries were closed. Several countries have restricted production activities during the covid-19 pandemic. Further the growth of the textile & apperal was also declined due low demand in the Month of June 2020.

However, the demand for the electrical insulation coating is slightly increased in August 2020, as several leading manufacturer started production. The leading manufacturers of the electrical coating insulation have planned the investment for enhancing the production of the automotive and electronics equipment due to growing demand.

Further increasing demand of the medical devices during the covid-19 pandemic created huge opportunity for the electrical insulation coating market. For instance 22nd April 2020, Axalta' has been Voltatex Electrical Insulating Resins for manufacturing ventilators, devices producing N95 face masks with increased the supply of its Voltatex electrical insulating resins to ensure its medical device customers are well equipped to rapidly-produce life-saving equipment, such as ventilator motors and N95 facemasks, which are in high demand by hospitals globally during the coronavirus pandemic. Further demand of electrical insulation coatings will increase as soon as pandemic over.

Segment Analysis

The global electrical insulation coatingis segmented based on material, form, surface, application, end-user and region.

Rising demand in the automotive sector with surge in the global sale of the passenger vehicles have propelled the polyurethane resins market

In terms of material, the global electrical insulation coating is bifurcated into acrylate resins, polyester resins, polyurethane resins, polytetrafluoroethylene (PTFE), silicone resins, epoxy resins, alkyd resins, vinyl acetate, ceramic and others. Among this, polyurethane resins has the highest market share in 2019, owing to rising demand in the manufacturing facilities of the consumer electronics, automotive components etc. As per the International Organization of Motor Vehicle Manufacturers, the global passenger vehicles sale reache to around 67149196 number of units which propels the electrical insulation coating market require in the manufacturing of the automotive electrical components and wirings.

Similalry, acrylate resins, polyester resins, polytetrafluoroethylene (PTFE), silicone resins, epoxy resins, alkyd resins, vinyl acetate, ceramic segments are also growing at faster pace owing to surge in launching of the new advanced double layer coatings by the leading players. For instance on 2nd July 2020, X-Mol launched self-adjusting polytetrafluoroethylene (PTFE)/TiO2 organic-inorganic double-layer coatings using thermal field and gradient pressure with addition of titanium alloy. It created massive demand for the electrical insulation coating market.

In terms of form, the global electrical insulation coating market is divided into liquid and powder form. Among this, liquid form has the highest market share owing to its demand in the manufacturing facilities of several electrical cables, wires and rotory motors. As liquid form of the coating is more eco-friendly and has low cost than other type of the coating. It also posses wear resistance which makes it suitable for harsh environmental conditions. Several leading players are launching new coatings for electrical insulation used in automotive, building & construction sector and among other industries. For instance in 2018, Covestro, one of the world's largest polymer manufacturer launched a wide range of smart and sustainable polyurethane (PU) coatings for the construction, footwear, automobile, and furniture industries at Paint India 2018 exhibition.

Based on surface, the global electrical insulation coating is divided into metals and composites. Among this, composites segment has the highest market share in 2019, this is primarily due to its low cost, high thermal conductivity and suitables for wide range of applications in automotives and electrical & electronics sector.

Industrialization and urbinization around the globe have propelled the transformer segmental growth around the globe

Increasing manufacturing facilities of the electronics goods, chemical factories in the developing countries coupled with growing urbanization have propelled the demand for the transformer segmental growth. For instance as per the in our world data in 2017, the global urban population reached to around 4.1 billion and is growing at rapid space. It created huge demand for the transformers require to supply the electricity in urban areas.

Increasing marine projects with surge in the government investment and initiatives have propelled the demand for the electrical insulation coating market

Based on the end-user, the global electrical insulation coating market is divided into Power Generation, Building & construction, aerospace, automotive, food processing, electronics & electrical, marine, industrial and others. Among this marine segment has the highest market share in 2019, this is primarily due to increasing government investment and projests in the marine environment.

For instance in 2017 the European Commission invested aroundUS$ 17.8 million in new maritime projectsto accelerate the deployment of a sustainable blue economy across the EU and the Mediterranean. As electrical insulation coating provides corrosion resistant, water repellent in the marine projects application. Insulation electrical coating provides a thermal barrier and anti-condensation capabilities for shipboard construction industry.

Geographical Analysis

Asia-Pacific region holds the largest market share global Electrical Insulation Coating Market

Asia-Pacific region is dominating the global electrical insulation coating market accounted for the largest market share in 2019, due to presence of several manufacturing companies, growing industrialization and rising investment by the leading playersin this region followed by North America and Europe.

Further increasing government and private companies investment in the Asia-Pacific region for several projects have propelled the demand for the electrical insulation coating market in this region.For instance on 26th Sept 2019, SAExploration invested aroundUS$ 28 million in the Ocean-Bottom Marine Project in Asia Pacific.

Similarly, North America is also growing at fastest speed owing to presence of the presence of the advanced technology with growing building & infrastructure development projects. For instance Trump's Government have provided the plan with investment of US$2 trillion for the United States infrastructure development for the overall growth of the region's industry in 2019. It created massive demand for the electrical insulation coatings require in this region followed by Europe.

Competitive Landscape

The electrical insulation coating Market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Kansai Paint, The Fisher Barton Group, Elantas GmbH, Nippon Paint, AkzoNobel, Chemetall Group, Axalta Coating Systems, PPG Industries, Jotun Group, The Sherwin-Williams Company, Mascoat and among others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Electrical Insulation Coating Market globally. For instance, on 25th Sept 2020, AkzoNobel have increased the production capacity of the powder coatings at Italian site. The Company planned to invest around 23 million increase the production capacity of automotive and building coatings.

Akzo Nobel N.V.:

  • Overview: Akzo Nobel N.V. is a Dutch multinational company which manufactures paints and performance coatings for both industry and consumers around the globe. The Company was founded in 1792 and headquartered in Amsterdam, Noord Holland with presence in more than 150 countries, and employed approximately 46,000 people.
  • Product Portfolio: The Company has a product portfolio of the electrical coating insulation includes:
  • Coil coating: Coil coating is a continuous and highly automated process for coating metal before fabrication. In one continuous process, a coil of metal, up to 72 inches wide moving up to 700 feet per minute, is unwound and both the top and bottom sides are cleaned, chemically treated, primed, oven cured, top coated, oven cured again, rewound and packaged for shipment
  • Features: Coil coating provides beautiful topcoats, durable surfaces, innovative applications, green benefits, and cost savings as compared to other substrates and other coating options
  • Key Development: In 2019, AkzoNobel one of the leading residential and commercial coatings manufacturer expanded its production capacity in the groundbreaking of a 500,000-square-foot that is in the 37-acre with an investment of around US$55 million.

Why Purchase the Report?

  • Visualize the composition of the electrical insulation coating market segmentation by material, form, surface, application and end-user highlighting the key commercial assets and players.
  • Identify commercial opportunities in electrical insulation coating market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of electrical insulation coating market- level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Electrical Insulation Coating Market report would provide an access to an approx. 79 market data table, 76 figures and 230 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Electrical Insulation Coating Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Electrical Insulation Coating Market - Market Definition and Overview

3. Global Electrical Insulation Coating Market - Executive Summary

  • 3.1. Market Snippet by Material
  • 3.2. Market Snippet by Form
  • 3.3. Market Snippet by Surface
  • 3.4. Market Snippet by Application
  • 3.5. Market Snippet by End-User
  • 3.6. Market Snippet by Region

4. Global Electrical Insulation Coating Market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Increasing demand of electrical insulation in the end-user industries such as marines, telecommunication and electrical equipments
      • 4.1.1.2. Rising need for energy saving with the help of proper electrical coatings with surge in industrialization and urbanization around the globe
      • 4.1.1.3. Rising demand for preventing corrosion from the environmental impacts, rain etc. have propelled the demand for the electrical insulation coating market
    • 4.1.2. Restraints:
      • 4.1.2.1. Low thermal efficiency as compare to traditional insulation due to low heat transfer rate
      • 4.1.2.2. XX
    • 4.1.3. Opportunity
      • 4.1.3.1. Growing demand of electrical insulation coating in the chemical industry, oil refineries with the help of advanced material launching by the leading players is expected to strengthen industry growth
    • 4.1.4. Impact Analysis

5. Global Electrical Insulation Coating Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Electrical Insulation Coating Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Electrical Insulation Coating Market - By Material

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 7.1.2. Market Attractiveness Index, By Material
  • 7.2. Acrylate Resins*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Polyester resins
  • 7.4. Polyurethane resins
  • 7.5. Polytetrafluoroethylene (PTFE)
  • 7.6. Silicone resins
  • 7.7. Epoxy resins
  • 7.8. Alkyd resins
  • 7.9. Ceramic
  • 7.10. Others

8. Global Electrical Insulation Coating Market - By Form

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 8.1.2. Market Attractiveness Index, By Form
  • 8.2. Liquid*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Powder

9. Global Electrical Insulation Coating Market - By Surface

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 9.1.2. Market Attractiveness Index, By Surface
  • 9.2. Metal*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Composites

10. Global Electrical Insulation Coating Market - By Application

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.1.2. Market Attractiveness Index, By Application
  • 10.2. Motors*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 10.3. Generators
  • 10.4. Transformers
  • 10.5. Electrical Rotary Equipment
  • 10.6. Wires
  • 10.7. Others

11. Global Electrical Insulation Coating Market - By End-User

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 11.1.2. Market Attractiveness Index, By End-User
  • 11.2. Power Generation*
    • 11.2.1. Introduction
    • 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 11.3. Building &Construction
  • 11.4. Aerospace
  • 11.5. Automotive
  • 11.6. Food Processing
  • 11.7. Electronics and Electrical
  • 11.8. Marine
  • 11.9. Industrial
  • 11.10. Healthcare
  • 11.11. Others

12. Global Electrical Insulation Coating Market - By Region

  • 12.1. Introduction
    • 12.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 12.1.2. Market Attractiveness Index, By Region
  • 12.2. North America
    • 12.2.1. Introduction
    • 12.2.2. Key Region-Specific Dynamics
    • 12.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 12.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 12.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 12.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 12.2.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.2.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.2.8.1. U.S.
      • 12.2.8.2. Canada
      • 12.2.8.3. Mexico
  • 12.3. Europe
    • 12.3.1. Introduction
    • 12.3.2. Key Region-Specific Dynamics
    • 12.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 12.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 12.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 12.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 12.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.3.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.3.8.1. Germany
      • 12.3.8.2. U.K.
      • 12.3.8.3. France
      • 12.3.8.4. Italy
      • 12.3.8.5. Spain
      • 12.3.8.6. Russia
      • 12.3.8.7. Rest of Europe
  • 12.4. South America
    • 12.4.1. Introduction
    • 12.4.2. Key Region-Specific Dynamics
    • 12.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 12.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 12.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 12.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 12.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.4.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.4.8.1. Brazil
      • 12.4.8.2. Argentina
      • 12.4.8.3. Rest of South America
  • 12.5. Asia-Pacific
    • 12.5.1. Introduction
    • 12.5.2. Key Region-Specific Dynamics
    • 12.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 12.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 12.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 12.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 12.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 12.5.8. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 12.5.8.1. China
      • 12.5.8.2. India
      • 12.5.8.3. Japan
      • 12.5.8.4. Australia
      • 12.5.8.5. Rest of Asia Pacific
  • 12.6. Middle East and Africa
    • 12.6.1. Introduction
    • 12.6.2. Key Region-Specific Dynamics
    • 12.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material
    • 12.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 12.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Form
    • 12.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Surface
    • 12.6.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

13. Global Electrical Insulation Coating Market - Competitive Landscape

  • 13.1. Competitive Scenario
  • 13.2. Market Positioning/Share Analysis
  • 13.3. Mergers and Acquisitions Analysis

14. Global Electrical Insulation Coating Market- Company Profiles

  • 14.1. Kansai Paint*
    • 14.1.1. Company Overview
    • 14.1.2. Product Portfolio and Description
    • 14.1.3. Key Highlights
    • 14.1.4. Financial Overview
  • 14.2. The Fisher Barton Group
  • 14.3. Elantas GmbH
  • 14.4. Nippon Paint
  • 14.5. AkzoNobel
  • 14.6. Chemetall Group
  • 14.7. Axalta Coating Systems
  • 14.8. PPG Industries
  • 14.9. Jotun Group
  • 14.10. The Sherwin-Williams Company
  • 14.11. Mascoat

LIST NOT EXHAUSTIVE

15. Global Electrical Insulation Coating - Premium Insights

16. Global Electrical Insulation Coating - DataM

  • 16.1. Appendix
  • 16.2. About Us and Service
  • 16.3. Contact Us
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