Electric Vehicle Insulation Market: By Material, By Product, By Application By End-Use and Region Forecast 2020-2031

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Electric Vehicle Insulation Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material (Thermal Interface Materials, Foamed Plastics, Ceramics, Others), By Product (Thermal Insulation, Electric Insulation, Acoustic Insulation), By Application (Under the Hood & Battery Pack, Interior, Others) By End-Use (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, Fuel Cell Electric Vehicle) and Region Forecast 2020-2031

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Electric Vehicle Insulation Market size was valued at US$ 2,155.0 million in 2023, growing at a significant CAGR of 21.8% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by material, product, application, and end-user. By material, the market has been segmented into thermal interface materials, foamed plastics, ceramics and others. The thermal interface materials segment is likely to be the largest and fastest-growing segment in the market. Based on product, the market is segmented into thermal insulation, electric insulation, and acoustic insulation.  Among these, the thermal insulation segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of application, the market is segmented into under the hood & battery pack, interior, and others. The hood & battery pack held a considerable market share. Based on end-user, the market is segregated into battery electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle and fuel cell electric vehicle. The battery-electric vehicle segment is expected to have the fastest-growing market during the forecast period 2024-2030.

Key Developments

  • In Nov 2019, Hybrid-Acoustics PET is new material from Autoneum. It's also flameproof, and it's employed in combustion engine powertrain insulators.

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Electric Vehicle Insulation Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

21.8%

Largest Market

Asia-Pacific

Fastest Growing Market

N/A

Electric Vehicle Insulation Market Dynamics

People are turning to renewable resources rather than fossil fuels due to growing concerns about pollution and climate change. In addition, governments in a number of countries are enforcing stricter pollution regulations. Stricter pollution requirements were adopted in India in 2020, making diesel and petrol engines more expensive and dirtier, resulting in a rise in the use of electric vehicles (EVs). When compared to a petrol or diesel vehicle, EVs produce no greenhouse gases or air pollution, even with improved and expensive engines.

Electric Vehicle Insulation Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 2,155.0 million

Market CAGR

21.8%

By Material Type

  • Thermal Interface Materials,
  • Foamed Plastics,
  • Ceramics,
  • Others

By Product Type

  • Thermal Insulation,
  • Electric Insulation,
  • Acoustic Insulation

By Application

  • Under the Hood & Battery Pack,
  • Interior, Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The electric vehicle insulation market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

Electric vehicle insulation market size was valued at US$ 2,155.0 million in 2023, growing at a significant CAGR of 21.8% from 2024 to 2030.

The major players in the market are Saint-Gobain, Parker Hannifin Corp, Elkem Silicones, Knauf Industries, BASF SE, Zotefoams Plc, 3M, Elmelin Ltd., Pyrophobic Systems Ltd. And Morgan Advanced Materials.

Asia Pacific is the largest region for the market.

1. Executive Summary
2. Global Electric Vehicle Insulation Market Introduction
2.1. Global Electric Vehicle Insulation Market - Taxonomy
2.2. Global Electric Vehicle Insulation Market -Definitions
2.2.1. Material
2.2.2. Product
2.2.3. Application
2.2.4. End Use
3. Global Electric Vehicle Insulation Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electric Vehicle Insulation Market Dynamic Factors - Impact Analysis
3.6. Global Electric Vehicle Insulation Market - Competition Landscape
4. Global Electric Vehicle Insulation Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030(Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electric Vehicle Insulation Market, By Material, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. Thermal Interface Materials
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Foamed Plastics
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Ceramics
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Electric Vehicle Insulation Market, By Product, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Thermal Insulation
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Electric Insulation
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Acoustic Insulation
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Electric Vehicle Insulation Market Forecast, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. Under the Hood & Battery Pack
7.1.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Interior
7.2.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Others
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Electric Vehicle Insulation Market Forecast, By End Use, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1. Battery Electric Vehicle
8.1.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Plug-in Hybrid Electric Vehicle
8.2.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Hybrid Electric Vehicle
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030(Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Fuel Cell Electric Vehicle
8.4.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Electric Vehicle Insulation Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use and Region, 2024-2030
10. North America Electric Vehicle Insulation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10.1. Material Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Thermal Interface Materials
10.1.2. Foamed Plastics
10.1.3. Ceramics
10.1.4. Others
10.2. Product Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Thermal Insulation
10.2.2. Electric Insulation
10.2.3. Acoustic Insulation
10.3. Application Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Under the Hood & Battery Pack
10.3.2. Interior
10.3.3. Others
10.4. End Use Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Battery Electric Vehicle
10.4.2. Plug-in Hybrid Electric Vehicle
10.4.3. Hybrid Electric Vehicle
10.4.4. Fuel Cell Electric Vehicle
10.5. Country Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. U.S.
10.5.2. Canada
10.6. North America Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use and Country, 2024-2030
10.7. North America Electric Vehicle Insulation Market Dynamics - Trends
11. Europe Electric Vehicle Insulation Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
11.1. Material Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Thermal Interface Materials
11.1.2. Foamed Plastics
11.1.3. Ceramics
11.1.4. Others
11.2. Product Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Thermal Insulation
11.2.2. Electric Insulation
11.2.3. Acoustic Insulation
11.3. Application Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Under the Hood & Battery Pack
11.3.2. Interior
11.3.3. Others
11.4. End Use Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Battery Electric Vehicle
11.4.2. Plug-in Hybrid Electric Vehicle
11.4.3. Hybrid Electric Vehicle
11.4.4. Fuel Cell Electric Vehicle
11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use and Country, 2024-2030
11.7. Europe Electric Vehicle Insulation Market Dynamics - Trends
12. Asia-Pacific Electric Vehicle Insulation Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
12.1. Material Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Thermal Interface Materials
12.1.2. Foamed Plastics
12.1.3. Ceramics
12.1.4. Others
12.2. Product Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Thermal Insulation
12.2.2. Electric Insulation
12.2.3. Acoustic Insulation
12.3. Application Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Under the Hood & Battery Pack
12.3.2. Interior
12.3.3. Others
12.4. End Use Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Battery Electric Vehicle
12.4.2. Plug-in Hybrid Electric Vehicle
12.4.3. Hybrid Electric Vehicle
12.4.4. Fuel Cell Electric Vehicle
12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use and Country,2024-2030
12.7. Asia-Pacific Electric Vehicle Insulation Market Dynamics - Trends
13. Latin America Electric Vehicle Insulation Market Analysis, 2019-2023and Forecast, 2024-2030 (Revenue, USD Mn)
13.1. Material Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Thermal Interface Materials
13.1.2. Foamed Plastics
13.1.3. Ceramics
13.1.4. Others
13.2. Product Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Thermal Insulation
13.2.2. Electric Insulation
13.2.3. Acoustic Insulation
13.3. Application Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Under the Hood & Battery Pack
13.3.2. Interior
13.3.3. Others
13.4. End Use Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Battery Electric Vehicle
13.4.2. Plug-in Hybrid Electric Vehicle
13.4.3. Hybrid Electric Vehicle
13.4.4. Fuel Cell Electric Vehicle
13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use and Country, 2024-2030
13.7. Latin America Electric Vehicle Insulation Market Dynamics - Trends
14. Middle East and Africa Electric Vehicle Insulation Market Analysis, 2019-2023and Forecast, 2024-2030(Revenue, USD Mn)
14.1. Material Analysis 2019-2023 and Forecast 2024-2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
14.1.1. Thermal Interface Materials
14.1.2. Foamed Plastics
14.1.3. Ceramics
14.1.4. Others
14.2. Product Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Thermal Insulation
14.2.2. Electric Insulation
14.2.3. Acoustic Insulation
14.3. Application Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Under the Hood & Battery Pack
14.3.2. Interior
14.3.3. Others
14.4. End Use Analysis 2019-2023and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Battery Electric Vehicle
14.4.2. Plug-in Hybrid Electric Vehicle
14.4.3. Hybrid Electric Vehicle
14.4.4. Fuel Cell Electric Vehicle
14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Electric Vehicle Insulation Market - Opportunity Analysis Index, By Material, Product, Application, End Use, and Country, 2024-2030
14.7. MEA Electric Vehicle Insulation Market Dynamics - Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Material& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Saint-Gobain
15.2.2. Parker Hannifin Corp
15.2.3. Elkem Silicones
15.2.4. Knauf Industries
15.2.5. BASF SE
15.2.6. Zotefoams Plc
15.2.7. 3M
15.2.8. Elmelin Ltd.
15.2.9. Pyrophobic Systems Ltd.
15.2.10. Morgan Advanced Materials
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • Saint-Gobain
  • Parker Hannifin Corp
  • Elkem Silicones
  • Knauf Industries
  • BASF SE
  • Zotefoams Plc
  • 3M
  • Elmelin Ltd.
  • Pyrophobic Systems Ltd.
  • Morgan Advanced Materials

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