Electrical Insulation Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Electrical Insulation Materials Manufacturers and the market is Segmented by type (glass insulator, porcelain insulator, and polymer insulator), voltage (low voltage, medium voltage, and high voltage), application (transformers and bushings, cables and transmission lines, rotating machines, surge protector and circuit breaker, and others) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for electrical insulation materials are provided in terms of terms of revenue (USD million) for all the above segments.

Electrical Insulation Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Electrical Insulation Materials Market Size

Electrical Insulation Material Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Electrical Insulation Material Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Electrical Insulation Material Market with other markets in Chemicals & Materials Industry

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Electrical Insulation Materials Market Analysis

The Electrical Insulation Material Market is expected to register a CAGR of greater than 6% during the forecast period.

The COVID-19 pandemic significantly influenced the market for electrical insulation materials, owing to worldwide limitations that affected most industries. However, the industries accelerated from 2021, thus increasing the demand for electrical insulation material. Therefore, the market will likely maintain a similar trajectory during the forecast period.

  • The increasing safety precautions in electrical equipment are increasing the growth of the electrical insulation materials market throughout the forecast period. Moreover, the need for electricity transmission and distribution to various places in different regions worldwide is driving market growth.
  • On the contrary, the high costs of electrical insulation materials are a significant factor hampering the market growth. It is also expected to be challenging for the global electrical insulation materials market.
  • The increasing power generation activities in developing countries and the growing demand for electrical insulation materials in electric vehicles will likely be an opportunity for the market studied.
  • Asia-pacific dominated the market for electrical insulation materials owing to the highly improved power sectors and rapid industrialization in emerging economies. At the same time, Asia-pacific is also expected to register the highest CAGR during the forecast period.

Electrical Insulation Materials Industry Overview

The electrical insulation material market is fragmented, with many players competing. Some major companies (not in particular order) are General Electric, Owens Corning, ABB, Siemens, and Huntsman.

Electrical Insulation Materials Market Leaders

  1. General Electric

  2. Owens Corning

  3. ABB

  4. Siemens

  5. Huntsman

  6. *Disclaimer: Major Players sorted in no particular order
Electrical Insulation Material Market Concentration
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Electrical Insulation Materials Market News

  • May 2022: Krempel GmbH announced that Nomex 910, which DuPont previously developed, will now be produced and sold by Krempel. The product is a unique insulating material comprised of high-quality electrical grade cellulose pulp and web-like binders that can be used as interlayer insulation in liquid-immersed transformers for distribution and small power transformers.
  • April 2022: Von Roll announced the expansion of its business of potting resins by expanding its production site in Italy, which will help the company in the automotive and electronics industries. Potting resins are essential in developing particularly high-performance batteries for electric cars.

Electrical Insulation Materials Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Transmission and Distribution Systems
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 High Costs of Electrical Insulation Materials
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Glass Insulator
    • 5.1.2 Porcelain Insulator
    • 5.1.3 Polymer Insulator
  • 5.2 Voltage
    • 5.2.1 Low Voltage
    • 5.2.2 Medium Voltage
    • 5.2.3 High Voltage
  • 5.3 Application
    • 5.3.1 Transformers and Bushings
    • 5.3.2 Cables and Transmission Lines
    • 5.3.3 Rotating Machines
    • 5.3.4 Surge Protector and Circuit Breaker
    • 5.3.5 Others
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ABB
    • 6.4.2 BASF
    • 6.4.3 Bharat Heavy Electricals Limited
    • 6.4.4 General Electric
    • 6.4.5 Huntsman
    • 6.4.6 Knauf Insulation Group
    • 6.4.7 Krempel GmbH
    • 6.4.8 NGK Insulators
    • 6.4.9 Owens Corning
    • 6.4.10 Siemens
    • 6.4.11 Toshiba
    • 6.4.12 Von Roll
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Power Generation Activities in Developing Countries
  • 7.2 Growing Demand for Electrical Insulation Materials in Electric Vehicles
  • 7.3 Other Opportunities
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Electrical Insulation Materials Industry Segmentation

Electrical insulation materials are the type of materials that prevent electricity from passing through them and, hence, safeguard electrical devices from excessive voltages. Electrical insulation materials are used in various electrical devices, including generators, rotating machines, shackles, pin insulators, transmissions, and transformers. The electrical insulation material market is segmented by type, voltage, application, and geography. By type, the market is segmented into glass insulators, porcelain insulators, and polymer insulators. By voltage, the market is segmented into low voltage, medium voltage, and high voltage. By application, the market is segmented into transformers and bushings, cables and transmission lines, rotating machines, surge protectors and circuit breakers, and other applications. The report also covers the market size and forecasts for electrical insulation materials in 15 countries across major regions. The market sizing and forecasts are done for each segment based on revenue ( USD million).

Type Glass Insulator
Porcelain Insulator
Polymer Insulator
Voltage Low Voltage
Medium Voltage
High Voltage
Application Transformers and Bushings
Cables and Transmission Lines
Rotating Machines
Surge Protector and Circuit Breaker
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Electrical Insulation Materials Market Research FAQs

What is the current Electrical Insulation Material Market size?

The Electrical Insulation Material Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Electrical Insulation Material Market?

General Electric, Owens Corning, ABB, Siemens and Huntsman are the major companies operating in the Electrical Insulation Material Market.

Which is the fastest growing region in Electrical Insulation Material Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Electrical Insulation Material Market?

In 2025, the Asia Pacific accounts for the largest market share in Electrical Insulation Material Market.

What years does this Electrical Insulation Material Market cover?

The report covers the Electrical Insulation Material Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Electrical Insulation Material Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Electrical Insulation Material Industry Report

Statistics for the 2025 Electrical Insulation Material market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electrical Insulation Material analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.