Global Electric Vehicle Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Vehicle Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric vehicle insulation is used to insulate the vehicle vibrations, sound, and heating. Overheating in vehicles affects the performance of the vehicle & further leads to evaporation of motorized liquids. Also, the vehicle's frame and heavy gears are damaged by the shaking. Vehicle insulation serves to limit these damages while also extending the life of the vehicle, improving its performance, and lowering maintenance costs.

Market Overview:

The latest research study on the global Electric Vehicle Insulation market finds that the global Electric Vehicle Insulation market reached a value of USD 1709.75 million in 2022. It’s expected that the market will achieve USD 4577.81 million by 2028, exhibiting a CAGR of 17.84% during the forecast period.

Growing concerns over pollution

Growing concerns about pollution and climate change have led people to turn to renewable resources instead of relying on fossil fuels. In addition, governments are tightening emissions standards. In India, for example, stricter emissions standards were set in 2020 to make diesel and petrol engines more expensive and less polluting. This has led to increased adoption of electric vehicles (EVs). Compared with gasoline or diesel cars, electric cars emit no greenhouse gases and air pollutants, even with expensive engines that have been modified. Electric cars also help reduce noise pollution. As a result, global ev sales are expected to increase as pollution levels rise, driving the growth of the ev insulator market.

High cost of advanced insulation materials

Traditional insulation technology has matured, but current and future energy performance standards require high insulation levels that traditional insulation materials do not always achieve. Some new super-insulating materials offer solutions, such as vacuum insulation panels (VIP), but they cost much more than traditional materials and are not yet ready for large-scale production and application. SIMs have a small market share and will not achieve the same market value as conventional insulation materials, but they have a high market potential in niche areas of the renovation market. Manufacturers need to develop and innovate to adapt to the market.

Region Overview:

Asia-Pacific dominated the Electric Vehicle Insulation market in 2022, with a market share of 53.12%.

Company Overview:

Autoneum is one of the major players operating in the Electric Vehicle Insulation market, holding a share of 13.93% in 2021.

Autoneum

Autoneum, with its headquarters in Winterthur, Switzerland, is the globally leading producer of vehicle acoustics and thermal management systems. The company develops and manufactures components, modules and complete systems for interior and engine bay as well as heatshields and underbody shields. Customers include leading automobile producers in the key markets of Europe, North America, South America and Asia.

Saint-Gobain

Compagnie de Saint-Gobain S.A. is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Saint-Gobain produces a variety of construction, high-performance, and other materials. They can be found everywhere in living places and daily life: in buildings, transportation, infrastructure and in so many industrial applications.

Segmentation Overview:

By type, Foamed Plastics segment accounted for the largest share of market in 2022.

Thermal Interface Materials

Thermal interface materials (TIMs) are materials used to dissipate and improve the transfer of heat out of electronics devices. Generally, they are placed between the heat-generating chip and/or component and the heat spreading substrate or dissipating device.

Ceramic Material

Ceramic material has the advantages of low density, high strength, high temperature resistance and good mechanical vibration resistance. It is the critical high temperature thermal insulation materials.

Foamed Plastics

Foamed plastics are a new type with the properties of lightweight, heat preservation, sound absorption, and quakeproof. The material can be used for heat or sound insulation in the construction or automotive industry.

Application Overview:

The market's largest segment by application is the segment Under the Battery Pack, with a market share of 48.75% in 2022.

Under the Bonnet

Car bonnet insulation is a shielding placed beneath the bonnet of a car. The purpose of car bonnet insulation is to protect the engine from heat and fire, as well as to reduce engine noise. Car bonnet insulation can be made of a variety of materials, but the most common material used for car bonnet insulation is fiberglass.

Under the Battery Pack

Electric vehicle insulation extends the life of electric vehicle battery packs while providing important thermal and electrical insulation. Ensure safe electrical and thermal connections by maintaining mechanical pressure on the battery.

Key Companies in the global Electric Vehicle Insulation market covered in Chapter 3:

Zotefoams plc
Elmelin Ltd.
Autoneum
BASF SE
Saint-Gobain
Unifrax
Von Roll Holding AG
3M
Adler Pelzer Holding GmbH
Morgan Advanced Materials
DuPont

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Vehicle Insulation market from 2018 to 2029 is primarily split into:

Thermal Interface Materials
Ceramic Material
Foamed Plastics
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Vehicle Insulation market from 2018 to 2029 covers:

Under the Bonnet
Under the Battery Pack
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)