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Electric Vehicle Insulation Market Share

Report ID: GMI5361
Published Date: Sep 2022
Report Format: PDF

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Electric Vehicle Insulation Market Share

Some of the key players involved in the electric vehicle insulation market include

BASF SE
Saint-Gobain
Autoneum
Zotefoams plc
DuPont
Unifrax
3M
Morgan Advanced Materials
Alder Pelzer Holding GmbH
Elmelin Ltd.
Pyrophobic Systems Ltd.
Parker Hannifin Corp.

These organizations are acquiring key technologies to upgrade their products and reinforce their market position.

Citing an instance, in November 2021, Saint-Gobain completed the acquisition of Autoneum’s Flexi-Loft fiber-based technology. This included a distinct blend of functional fibers and recycled cotton. The technology reduces product weight and enables precise adaptation to complex shapes. Similar efforts by other key participants to introduce technological enhancements will proliferate the industry demand.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of electric vehicle insulation crossed USD 400 million in 2021 and will depict a CAGR of over 11.5% through 2022-2030, owing to surging investments in zero-emission vehicles and materials that enhance their safety.

The thermal interface materials (TIM) segment is projected to be worth over USD 300 million by 2030, due to robust battery management characteristics.

The Asia Pacific industry will register a CAGR of more than 11% through 2022-2030, on account of government support and financial incentives for EV ownership in the region.

BASF SE, Saint-Gobain, Autoneum, Zotefoams plc, DuPont, Unifrax, 3M, and Morgan Advanced Materials, are some of the companies operating in the electric vehicle insulation industry.