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Electrical Insulation Coatings Market Share 2019: Overview, Product Type and Share Forecasted to 2025
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Electrical Insulation Coatings Market, By Type, 2014-2025 (USD Million)
• Liquid
• Powder
Electrical Insulation Coatings Market, By Raw Material, 2014-2025 (USD Million)
• Epoxy
• PTFE
• Ceramic
• Others
Electrical Insulation Coatings Market, By Application, 2014-2025 (USD Million)
• Electrical & electronics
• Automotive
• Medical
• Aerospace
• Others
The electrical insulation coatings market is also segmented based on raw materials as epoxy, PTFE, ceramic and others. Epoxy is among the largest used raw material in the production of electrical insulation coatings. This is due to its excellent properties which are dimensional stability, excellent dielectric strength, mechanical strength and a good ability to resist vibration. PTFE is another mostly used raw material in the market. China is the major PTFE supplier and therefore lack of government support to manufactures in the country which will result in achieving low to moderate gains in the future.
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Company Profiles:
1. Evonik Industries AG
2. 3M Company
3. PPG Industries
4. Thermal Spray Coatings (A Fisher Barton Company)
5. GfE Group
6. ELANTAS GmbH
7. GLS Coatings Ltd.
8. SK Formulations India PVT. LTD
9. Fluoro Precision Coatings
10. Axalta Coating Systems
11. AkzoNobel Powder Coatings
12. The Fisher Barton Group
13. Aremco Products Inc.
14. Chemetall Group
Based on applications, the electrical insulation coatings market is segmented into electrical & electronics, automotive, medical, aerospace and others. Electrical devices like generators, motor and transformers are primarily responsible for driving electrical insulation coatings demand. The products are generally used in electrical power distribution, electrical modules and housings, resistors, capacitors and in passive electronics equipment. Increasing power generation activities in emerging economies is projected to make noteworthy impact on the overall market size in the upcoming years.
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Some of the key electrical insulation coatings market players are Elantas GmbH, PPG Industries, 3M Company, AkzoNobel N.V. and Evonik Industries. The market is experiencing a high industry rivalry and hence manufactures are highly focused on adopting innovative strategies to compete with other players. For instance, Akzo Nobel recently launched a new powder base coating named Interpon. The product covers small defects in metals and also offers improved energy efficiency as compared to other products.
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