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Electric Vehicle Insulation Market | Covid-19 Impact Analysis
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)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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Electric Vehicle Insulation Market - Snapshot |
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Growth |
26.7% for the next five years |
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Major Product Type |
Foamed Plastics |
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Dominant Propulsion Type |
BEV |
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Dominant Application Type |
Bonnet and Battery Pack |
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Major Insulation Type |
Thermal Insulation & Management |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
BASF SE, The 3M Company, Morgan Advanced Materials, DuPont, Zotefoams plc, ITW Inc., Saint-Gobain, Von Roll Holding AG, Autoneum, Alder Pelzer Holding GmbH, Elmelin Ltd. |
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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.
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Some of the major electric vehicle insulation manufacturers are-
Electric vehicle insulation market is expected to grow with the rising concern over pollution, heavy investments by the automakers in electric vehicles, increasing demand for high-density batteries and high range vehicles is driving the market towards excellent growth.
Electric vehicle insulations are of different types, such as TIM, foamed plastics, ceramic, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Electric Vehicle Insulation Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The electric vehicle insulation market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The electric vehicle insulation market is expected to witness an impressive growth of 26.7% CAGR in the foreseeable future.
BASF SE, The 3M Company, Morgan Advanced Materials, DuPont, Zotefoams plc, ITW Inc., Saint-Gobain, Von Roll Holding AG, Autoneum, and Alder Pelzer Holding GmbH, Elmelin Ltd are among the key players in the Electric vehicle Insulation Market.
Asia-Pacific is expected to be the largest electric vehicle insulation market during the forecast period.
The foamed plastic segment is expected to remain dominant in the electric vehicle insulation market in the coming years.
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