Electrical Insulation Coatings Market will witness a substantial growth by 2025

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Electrical Insulation Coatings Market predicted
to grow exponentially by 2025 Global Market
Insights, Inc.
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Regional Analysis of Electrical Insulation
Coatings Market

• Asia Pacific constitutes a major chunk in the
  global electrical insulation coatings market and
  is anticipated to grow in future as a result of
  rising demand from electrical electronics
  industry in the region. Growth in the region is
  also attributed to increasing urbanization,
  investment in building power distribution
  transmission infrastructure coupled with easy
  accessibility of raw materials from China. On the
  other hand, Europe has been experiencing a slow
  growth due to stringent government regulation
  related to volatile organic compounds emissions.
  Also, declining manufactures in France is
  expected to affect the overall supply in the
  region.

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• Application Analysis of Electrical Insulation
  Coatings Market
• Based on applications, the electrical insulation
  coatings market is segmented into electrical
  electronics, automotive, medical, aerospace and
  others. Electrical devices like generators, motor
  and transformers are primarily responsible for
  driving electrical insulation coatings demand.
  The products are generally used in electrical
  power distribution, electrical modules and
  housings, resistors, capacitors and in passive
  electronics equipment. Increasing power
  generation activities in emerging economies is
  projected to make noteworthy impact on the
  overall market size in the upcoming years.
• Growing electricity consumption mainly in the
  emerging economies has led to expansion of power
  generation projects, which will trigger product
  demand and thus result in driving the overall
  electrical insulation coatings market size by
  2025. Increasing demand from energy conversion
  and electronics products is another factor
  influencing the market growth. A major share of
  the demand is expected to be emerging from
  developed nations. For instance, installed
  capacity of large sized transformers in the U.S.
  is quite high.

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• Application Analysis of Electrical Insulation
  Coatings Market
• Stringent government regulations and unstable
  volatile raw materials are few factors likely to
  restrict the electrical insulation coatings
  market growth in the forthcoming years. China is
  one of the major producers of powder coatings and
  resins. Strict regulations regarding VOC and
  limited government support are few factors
  effecting the raw materials supply from China
  which resulted in higher production cost.
  However, growing product demand from consistently
  advancing electronics industry will help generate
  positive outlooks for the overall business size
  by 2025.

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• Application Analysis of Electrical Insulation
  Coatings Market
• The electrical insulation coatings market is also
  segmented on the basis of raw materials as epoxy,
  PTFE, ceramic and others. Epoxy is the among the
  largest used raw material in the production of
  electrical insulation coatings. This is due to
  its excellent properties which are dimensional
  stability, excellent dielectric strength,
  mechanical strength and a good ability to resist
  vibration. PTFE is another mostly used raw
  material in the market. As China is the major
  PTFE supplier and therefore lack of government
  support to manufactures in the country which will
  result in achieving low to moderate gains in
  future.

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Competitive Market Share of Electrical
Insulation Coatings Market

• Some of the key electrical insulation coatings
  market players are Elantas GmbH, PPG Industries,
  3M Company, AkzoNobel N.V. and Evonik Industries.
  The market is experiencing a high industry
  rivalry and hence manufactures are highly focused
  on adopting innovative strategies to compete with
  other players. For instance, Akzo Nobel recently
  launched a new powder base coating named
  Interpon. The product covers small defects in
  metals and also offers improved energy efficiency
  as compared to other products.

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