Electrical Insulation Global Research Forecast by 2027, Fortune Business Insights™
Electrical Insulation Global Research Forecast by 2027, Fortune Business Insights™
The global electrical insulation tapes market list of prominent manufacturers operating in are teas, Saint-Gobain, Nitto-Denko, Avery Dennison Corporation, Intertape Polymer Group Inc, The 3M Company, HellermannTyton, Teraoka Seisakusho Co., Ltd, Shurtape Technologies, LLC, Pidilite industries Ltd Pidilite industries Ltd and more players profiled in electrical insulation tapes market research report

The global  electricalinsulation tapes market   is set to grow astonishingly in the nearfuture owing to the increasing demand for energy. Besides, the modernizationsof the conventional electrical infrastructure and existing grids would affectthe market positively.This information is given by Fortune Business Insights™in a recently published report, titled, “Electrical Insulation Tapes MarketSize, Share & Industry Analysis, By Material (PVC, Glass cloth, PET, andOthers), Application (Electrical & Electronics, Aerospace, Industrial andothers), and Regional Forecast, 2020-2027.” The report further states that theelectrical insulation tapes market size was USD 12.8 billion in 2019 and isprojected to reach USD 15.2 billion by 2027, exhibiting a CAGR of 4.04% duringthe forecast period.

The outbreak of the COVID-19pandemic is creating huge losses for several companies across the globe. Mostof the industries are at a complete halt and some others are following socialdistancing measures to carry on with their operations. Numerous healthcareorganizations are striving to invent a vaccine to cure coronavirus. Our reportsoffer elaborate information about the effects of the pandemic on every marketto help you gain business confidence.


This Report Answers the Following Questions:

·        What are the opportunities and challenges in themarket?

·        Which company is set to dominate the market?

·        What are the vital strategies implemented by key companies?

·        What are the market drivers, dynamics, and obstacles?

Drivers & Restraints-

Increasing Demand for Consumer Electronics to Drive Growth

Electrical insulation tapes areextensively used in the manufacturing of white goods and consumer electronics.Apart from that, in the emerging nations, the demand for consumer electronicsis increasing at a rapid pace owing to the rising disposable incomes of people.Coupled with this, the growing usage of e-commerce platforms worldwide isfurther boosting the demand for such electronics. These factors are expected topropel the electrical insulation tapes market growth in the coming years.

However, the outbreak of theCOVID-19 pandemic is presently disrupting the supply chains of a wide range ofindustries and electrical insulation tape is not an exception. The overallmarketgrowthmay be hamperedin 2020 owing to the unavailability of manpower andstrict lockdown restrictions imposed by the regulatory bodies. Another majorcause of this is the halt of electricity grid modernization projects innumerous countries as the governments are applying those funds for otheressential projects.


Aerospace Segment to Exhibit Significant Growth Backed by Rising Fleet inAsia Pacific

Based on application, the market isfragmented into industrial, aerospace, electrical & electronics, andothers. Out of these, the aerospace segment generated 16.24% in terms ofelectrical insulation tapes market share in 2019. This growth is attributable tothe high demand for electrical insulation tapes in this industry owing to therising fleet, especially in Asia Pacific.


Regional Analysis-

Increasing Usage of Electric Vehicles to Favor Growth in North America& Europe

In 2019, Asia Pacific procured USD 7.10billion in terms of revenue. China is considered to be the major contributor tothis growth as the country possesses over 60% of the regional share. Rapidurbanization and industrialization would help in propelling the market growthin this country. In India, the ongoing expansion of electricity grids wouldsurge the demand for electrical insulation tapes, thereby augmenting the marketgrowth. In North America and Western Europe, the increasing penetration ofelectrical technologies and the rising number of electric vehicles (EVs) areset to impact the market growth positively.

Competitive Landscape-

Key PlayersFocus on Collaboration Strategy to Strengthen Position

The market is highly fragmented.The renowned companies are mainly engaging in enhancing their existing productportfolios and partnering up with other local enterprises to strengthen theirposition. Below is one of the latest industry developments:

·        May 2020: Saint-Gobainjoined hands withElbflorace, the German Formula Student racing team to developa brand new electric Formula Student race car. The company will be offering itselectrical insulationtape solutions to the team as they play an important rolein several EV and automotive applications, such as car body exterior, batterypacks, motors & generators, sensors, and electrical insulation.

Fortune Business Insights™ listsout the names of all the prominent electrical insulation tapesprovidersoperating in the global market. They are as follows:

•                   tesa

•                   Saint-Gobain

•                   Nitto-Denko

•                   Avery Dennison Corporation

•                   Intertape Polymer Group Inc.

•                   The 3M Company

•                   HellermannTyton

•                   Teraoka Seisakusho Co., Ltd.

•                   Shurtape Technologies, LLC

•                   Pidilite industries Ltd.




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