Market Overview:
The global composite insulation material market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for composite insulation materials in various end-use applications, such as cables & transmission lines, switchgears, busbars, and others. Composite insulation materials are used in these applications owing to their superior thermal and electrical properties as compared with traditional insulating materials such as fiberglass and mineral wool. Based on type, the global composite insulation material market is segmented into epoxy resin, glass fiber, silicone rubber, and stone wool. Epoxy resin is the most commonly used type of composite insulation material due to its high thermal resistance and excellent mechanical properties. Glass fiber is also a widely used type of composite insulation material due to its low cost and good mechanical properties. Silicone rubber has good electrical resistivity and flame retardancy characteristics which make it suitable for use in high-temperature environments.
Product Definition:
A composite insulation material is made up of two or more materials that are combined to create a single product. The purpose of using a composite insulation material is to provide better thermal performance than what can be achieved with a single material.
Epoxy Resin:
Epoxy resin is a thermosetting polymer, which contains an epoxide group. It is manufactured by the reaction of phenol with an alkali catalyst.
Glass Fiber:
Glass fiber is a type of fiberglass, which is made from fine fibers of glass. It has several properties such as high tensile strength, good thermal stability, low thermal conductivity and it can be used in composite insulation material (CIM) production. Glass Fiber Cement Board (GFCB) and Glass Fiber-reinforced Plastics are the two types of glass fibers that are used for manufacturing CIM products.
Application Insights:
The cables and transmission lines application segment led the global composite insulation material market in 2017. This is attributed to the superior mechanical strength and durability of these products. Moreover, growing demand for high-voltage switchgears is expected to drive product demand over the forecast period.
The others segment includes protective foils, bushing bushes and insulating covers used in power distribution panels among others. Superior electrical properties including thermal resistance, dielectric strength & fire protection are some of the factors that are driving their demand globally.
Regional Analysis:
North America dominated the global composite insulation material market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing demand for energy efficient homes along with stringent government regulations regarding energy consumption.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to rapid industrialization coupled with increasing infrastructure activities primarily in China, India, Japan and South Korea which are major consumers due to their large population base will drive product demand over the forecast period.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products: Composite insulation materials are considered to be more energy efficient and environmentally friendly as compared to other insulation materials. This is expected to drive the growth of the composite insulation material market in the coming years.
- Rising awareness about the benefits of using composite insulation materials: The benefits of using composite insulation materials, such as improved thermal performance, reduced noise levels, and longer life span, are becoming increasingly well known among consumers. This is likely to result in an increase in demand for these products in the future.
- Growing popularity of green construction practices: Composite insulation materials are considered to be green building products as they help conserve energy and reduce greenhouse gas emissions. As a result, their popularity is increasing among builders and architects who are looking to adopt sustainable construction practices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Insulation Material Market Research Report
By Type
Epoxy Resin, Glass Fiber, Silicone Rubber and Stone Wool
By Application
Cables & Transmission Lines, Switchgears, Busbars, Others
By Companies
Advanced Insulation, Aegion Corporation, BASF SE, Cabot, DuPont, Exel Composites Oyj, General Electric Company, Hitaichi ABB Power Grids, Synergy Global Sourcing, The Reinhausen Power Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Composite Insulation Material Market Report Segments:
The global Composite Insulation Material market is segmented on the basis of:
Types
Epoxy Resin, Glass Fiber, Silicone Rubber and Stone Wool
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cables & Transmission Lines, Switchgears, Busbars, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Insulation
- Aegion Corporation
- BASF SE
- Cabot
- DuPont
- Exel Composites Oyj
- General Electric Company
- Hitaichi ABB Power Grids
- Synergy Global Sourcing
- The Reinhausen Power Composites
Highlights of The Composite Insulation Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy Resin
- Glass Fiber
- Silicone Rubber and Stone Wool
- By Application:
- Cables & Transmission Lines
- Switchgears
- Busbars
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Composite Insulation Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Composite insulation material is a type of insulation that is made up of two or more materials. The most common composite insulation material is made up of cellulose and fiberglass.
Some of the key players operating in the composite insulation material market are Advanced Insulation, Aegion Corporation, BASF SE, Cabot, DuPont, Exel Composites Oyj, General Electric Company, Hitaichi ABB Power Grids, Synergy Global Sourcing, The Reinhausen Power Composites.
The composite insulation material market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Composite Insulation Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Composite Insulation Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Composite Insulation Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Composite Insulation Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Composite Insulation Material Market Size & Forecast, 2020-2028
4.5.1 Composite Insulation Material Market Size and Y-o-Y Growth
4.5.2 Composite Insulation Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Epoxy Resin
5.2.2 Glass Fiber
5.2.3 Silicone Rubber and Stone Wool
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cables & Transmission Lines
6.2.2 Switchgears
6.2.3 Busbars
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Composite Insulation Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Composite Insulation Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Epoxy Resin
9.6.2 Glass Fiber
9.6.3 Silicone Rubber and Stone Wool
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cables & Transmission Lines
9.10.2 Switchgears
9.10.3 Busbars
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Epoxy Resin
10.6.2 Glass Fiber
10.6.3 Silicone Rubber and Stone Wool
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cables & Transmission Lines
10.10.2 Switchgears
10.10.3 Busbars
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Epoxy Resin
11.6.2 Glass Fiber
11.6.3 Silicone Rubber and Stone Wool
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cables & Transmission Lines
11.10.2 Switchgears
11.10.3 Busbars
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Epoxy Resin
12.6.2 Glass Fiber
12.6.3 Silicone Rubber and Stone Wool
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cables & Transmission Lines
12.10.2 Switchgears
12.10.3 Busbars
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Epoxy Resin
13.6.2 Glass Fiber
13.6.3 Silicone Rubber and Stone Wool
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cables & Transmission Lines
13.10.2 Switchgears
13.10.3 Busbars
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Composite Insulation Material Market: Competitive Dashboard
14.2 Global Composite Insulation Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Insulation
14.3.2 Aegion Corporation
14.3.3 BASF SE
14.3.4 Cabot
14.3.5 DuPont
14.3.6 Exel Composites Oyj
14.3.7 General Electric Company
14.3.8 Hitaichi ABB Power Grids
14.3.9 Synergy Global Sourcing
14.3.10 The Reinhausen Power Composites
