According to the new market research report “Electric Vehicle Insulation Marketby Product Type (TIM, Foamed Plastic, Ceramic), Application (Under the Bonnet & Battery Pack, Interior), Propulsion Type (BEV, PHEV), Insulation Type (Thermal, Electrical, Acoustic) and Region – Global Forecast to 2024″,The electric vehicle insulation market is estimated to be USD 1.3 billion and is projected to reach USD 4.2 billion by 2024, at a CAGR of 26.7% during the forecast period.
Don’t miss out on business opportunities in Electric Vehicle InsulationMarket
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=21168723
The growing concern over pollution, and heavy investments by the automakers in electric vehicles are expected to drive the electric vehicle insulation market. Also, the increasing demand for high-density batteries and high range vehicles are driving the demand for electric vehicles, which in turn is estimated to boost the electric vehicle insulation market.
The foamed plastic segment led the electric vehicle insulation market in 2018. This was owed to the growing demand for light-weight and impact resistant insulation materials from the ever-increasing electric vehicles industry.
The BEV segment led the electric vehicle insulation market, by propulsion type, in 2018. This was owed to the growing production of BEV in countries such as China, Japan, the US, Germany, and South Korea, among other countries. Also, the huge battery pack of BEV, when compared to PHEV, has driven the demand for insulation in BEV propulsion type.
Browseand in-depth TOC on “Electric Vehicle InsulationMarket – Global Forecast to 2024”
70 – Tables
46 – Figures
135 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-insulation-market-21168723.html
The electric vehicle insulation market size is projected to reach USD 4.2 billion by 2024 from the estimated USD 1.3 billion in 2019, at a CAGR of 26.7% between 2019 and 2024. Massive investments from automakers in electric vehicles, growing concerns over pollution, campaigns for promotion of electric vehicles, favorable government policies and subsidies, and thermal runaway in batteries, are the factors driving the demand for electric vehicle insulation. However, the lack of standardization of charging infrastructure is restraining the growth of the market. On the other hand, the scope for growth of autonomous electric vehicles, and scope for further development of insulation materials for electric vehicles are providing opportunities for the players in the market. The market players are mainly concentrating on expansions, new product launches, acquisitions, investments, new technology development, and joint ventures to meet the growing demand in various applications.
The growth of the electric vehicle insulation market has been influenced primarily by expansions, and new product launches. The market is fragmented with the dominance of players, such as Autoneum (Switzerland), BASF SE (Germany), and Saint-Gobain (France) in different application segments. Other players present in the market are DuPont (US), Zotefoams plc (UK), Unifrax (US), 3M (US), Morgan Advanced Materials (UK), Alder Pelzer Holding GmbH (Germany), Elmelin Ltd. (UK), Pyrophobic Systems Ltd. (Canada), Techman Advanced Material Engineers (UK), Von Roll Holding AG (Switzerland), and Marian Inc. (US).
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21168723
Autoneum is one of the largest manufacturers of electric vehicle insulation for acoustic insulation. The company aims to maintain its strong position in the market. It has adopted the strategy of new product launches, expansion, and joint ventures in the past few years. In 2017 and 2019, Autoneum extended its product portfolio to support vehicle manufacturers in the production of lightweight and environmentally-friendly electric vehicles. The company launched battery undercovers and acoustic insulation materials for carpet systems, inner dashes, and floor. The company also expanded its presence in countries like China and Hungary to meet the growing demand for lightweight materials for electric vehicles.
Saint-Gobain is another important player in thermal management of batteries in the market. The company offers various products for battery applications. The company focuses on R&D to meet the growing need for low-carbon emission from the mobility market by developing polymer components for electric vehicle batteries.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electric-vehicle-insulation-market.asp
Contact Information:
Mr. Aashish Mehra
MarketsandMarkets
INC.630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electric-vehicle-insulation-market.asp
Tags:
, Reportedtimes, Extended Distribution, iCN Internal Distribution, Research Newswire, English
Contact Information:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electric-vehicle-insulation-market.asp
