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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Insulation Market
Request Now !Industrial insulation refer to products which are made from polymers, ceramics or alloys and are used for the insulation of various laminations stacks in transformers, motors, relays, switches, sensors, etc. These coatings can be used in both high and low voltage applications. Generally, these coatings are applied to metallic substrate, but a composite substrate can also be coated. Moreover, the manufacturers are now focusing on more advanced coatings with very high bond strength, high gloss, and UV resistance, coupled with focus on aligning with environmental standards regarding VOC (Volatile Organic Compounds). Industrial insulation coatings are most vital in the various electrical equipment such as transformers, electric motors as well as machineries and automotive parts etc. Electrical insulation coatings are primarily designed to impart the high dielectric strength for various electrical applications. Industrial insulation coatings are also termed as dielectric coatings, these types of coatings are not only utilized for the electrical and electronics industry but are also utilized for vehicle and machineries. Industrial insulation poses various electrical and physical properties such as good moisture protection, corrosion resistance, abrasion resistance, fire retardation and also prevents the apparatus from electrical leakages and short circuits. Relatively high price of insulation coatings is a major restraint for the market.
Market scope and Structure Analysis
Report Metric | Detail |
Market size available for years | 2020-2030 |
Base year considered | 2020 |
Forecast period | 2021-2030 |
Forecast unit | Value (USD) |
Segments Covered | Type, Resin Type, and Application and Region |
Companies Covered | Temp-Coat LLC, SK Formulations, Lincoln Industries, The Bayou Company, LLC, SPI coatings, Cool Shield International Pvt, Ltd, Delta T & Protective Products, NPP Engineering, Excel Enterprise, Mathur Corr-Tech Pvt. Ltd., General Coatings Manufacturing Corp |
COVID-19 Impact Analysis
Top Impacting Factors
Rising electricity demand has resulted in upcoming projects focused on capacity expansions, along with increasing investment in power generation projects. Positive growth of the global transmission and distribution market is another factor anticipated to play a vital role in supporting the growth. Apart from the electrical equipment’s, electrical insulation coatings are also utilized for the crimper wheels, engine components, corona rolls, cable channels etc. This type of coatings is utilized in the products which are made up of ceramics, polymers and are used for insulation of lamination stacks in sensors, transformers etc. Due to strict government regulation related to VOC (volatile organic compound) emissions, demand for powder based electrical insulation coating material is anticipated to rise significantly, in turn, fueling more revenues in the global electrical insulation coating market.
Market trends
Key Benefits of the Report
Key Market Segments
Segments | Sub-segments |
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By Type |
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By Resin Type |
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By Application |
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By REGION |
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Key Market Players
Other Key Market Players
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