Electric Vehicle Insulation Market size is valued at USD 2,155.0 million in 2021 and is expected to reach a value of USD 8,570 million by 2028, growing at a CAGR of 21.8% during the forecast period 2022 to 2028. 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 electric vehicle insulation 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 2022-2028. 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 electric vehicle insulation 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 2022-2028.
In Nov 2019, Hybrid-Acoustics PET is new material from Autoneum. It’s also flameproof, and it’s employed in combustion engine powertrain insulators.