Table of Content

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Breakdown of primary interviews 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 24
2.2.3 MARKET FORECAST CALCULATION METHODOLOGY 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 29

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE ELECTRIC VEHICLE INSULATION MARKET 32
4.2 ELECTRIC VEHICLE INSULATION MARKET, BY REGION 32
4.3 APAC ELECTRIC VEHICLE INSULATION MARKET, BY APPLICATION AND COUNTRY (2018) 33
4.4 ELECTRIC VEHICLE INSULATION MARKET, BY MAJOR COUNTRIES 33
4.5 ELECTRIC VEHICLE INSULATION MARKET, BY APPLICATION 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 35
5.2.1 DRIVERS 36
5.2.1.1 Thermal runaway in batteries 36
5.2.1.2 Favorable government policies and subsidies 36
5.2.1.3 Campaigns for promotion of electric vehicles 37
5.2.1.4 Growing concerns over pollution 37
5.2.1.5 Heavy investments from automakers in electric vehicles 37
5.2.2 RESTRAINTS 38
5.2.2.1 Lack of standardization of charging infrastructure 38
5.2.3 OPPORTUNITIES 38
5.2.3.1 Scope for growth of autonomous electric vehicles 38
5.2.3.2 Scope for further development of insulation materials for
electric vehicles 38
5.2.4 CHALLENGES 39
5.2.4.1 Limited range of electric vehicles 39
5.2.4.2 High cost of electric vehicles in comparison to ICE vehicles 39
5.3 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES 39
5.4 PORTER’S FIVE FORCES ANALYSIS 40
5.4.1 THREAT OF SUBSTITUTES 41
5.4.2 THREAT OF NEW ENTRANTS 41
5.4.3 BARGAINING POWER OF SUPPLIERS 41
5.4.4 BARGAINING POWER OF BUYERS 42
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 42

6 GOVERNMENT REGULATIONS 43
6.1 INTRODUCTION 43
6.2 CANADA 43
6.3 CHINA 44
6.4 DENMARK 45
6.5 FRANCE 46
6.6 AUSTRIA 46
6.7 GERMANY 47
6.8 SPAIN 48

7 ELECTRIC VEHICLE INSULATION MARKET, BY PRODUCT TYPE 49
7.1 INTRODUCTION 50
7.2 FOAMED PLASTICS 52
7.2.1 GROWING DEMAND FOR LIGHTWEIGHT AND IMPACT RESISTANT MATERIALS TO DRIVE FOAMED PLASTICS MARKET 52
7.2.2 POLYURETHANE 52
7.2.3 POLYPROPYLENE 52
7.2.4 OTHERS 52
7.3 THERMAL INTERFACE MATERIALS (TIM) 53
7.3.1 NEED FOR THERMAL MANAGEMENT AND ELECTRICAL INSULATION OF BATTERY TO DRIVE THIS SEGMENT 53
7.4 CERAMIC 53
7.4.1 NEED FOR PREVENTION OF THERMAL RUNAWAY PROPAGATION IN
BATTERIES TO DRIVE THE DEMAND 53
7.5 OTHERS 53

8 ELECTRIC VEHICLE INSULATION MARKET, BY PROPULSION TYPE 54
8.1 INTRODUCTION 55
8.2 BATTERY ELECTRIC VEHICLE 56
8.2.1 REQUIREMENT OF THERMAL INSULATION & MANAGEMENT OF BATTERY
PACK TO DRIVE THE MARKET IN BEV 56
8.3 PLUG-IN HYBRID ELECTRIC VEHICLE 57
8.3.1 NEED FOR THERMAL, ELECTRICAL, AND ACOUSTIC INSULATION IS KEY FACTOR FOR GROWTH OF THE MARKET IN THIS SEGMENT 57
8.4 HYBRID ELECTRIC VEHICLE (HEV) 59
8.5 FUEL CELL ELECTRIC VEHICLE (FCEV) 59

9 ELECTRIC VEHICLE INSULATION MARKET, BY APPLICATION 61
9.1 INTRODUCTION 62
9.2 UNDER THE BONNET AND BATTERY PACK 63
9.2.1 GROWING PRODUCTION OF BEV TO DRIVE UNDER THE BONNET AND
BATTERY PACK INSULATION MARKET 63
9.3 INTERIOR 65
9.3.1 NEED FOR THERMAL, ELECTRICAL, AND ACOUSTIC INSULATION DRIVING
THE MARKET IN THIS SEGMENT 65
9.4 OTHERS 65
9.4.1 GROWTH IN BEV TO DRIVE THE DEMAND IN OTHER APPLICATIONS SEGMENT 65

10 ELECTRIC VEHICLE INSULATION MARKET, BY INSULATION TYPE 66
10.1 INTRODUCTION 67
10.2 THERMAL INSULATION & MANAGEMENT 68
10.2.1 GROWING DEMAND FOR HIGHER BATTERY CAPACITY TO DRIVE THERMAL INSULATION & MANAGEMENT SEGMENT 68
10.3 ACOUSTIC INSULATION 69
10.3.1 BEV TO DOMINATE CONSUMPTION OF ACOUSTIC INSULATION 69
10.4 ELECTRICAL INSULATION 69
10.4.1 INCREASED POWER DENSITY REQUIREMENT TO DRIVE THE ELECTRICAL INSULATION MARKET 69

11 ELECTRIC VEHICLE INSULATION MARKET, BY REGION 70
11.1 INTRODUCTION 71
11.2 APAC 72
11.2.1 CHINA 74
11.2.2 JAPAN 76
11.2.3 SOUTH KOREA 77
11.2.4 INDIA 78
11.3 NORTH AMERICA 79
11.3.1 US 80
11.3.2 CANADA 81
11.4 EUROPE 83
11.4.1 GERMANY 85
11.4.2 FRANCE 86
11.4.3 UK 87
11.4.4 NETHERLANDS 88
11.4.5 NORWAY 88
11.4.6 SWEDEN 89
11.4.7 DENMARK 89
11.4.8 AUSTRIA 90
11.4.9 SWITZERLAND 90
11.4.10 SPAIN 91

12 COMPETITIVE LANDSCAPE 92
12.1 OVERVIEW 92
12.2 COMPETITIVE LEADERSHIP MAPPING, 2018 92
12.2.1 VISIONARY LEADERS 92
12.2.2 INNOVATORS 92
12.2.3 EMERGING COMPANIES 93
12.3 STRENGTH OF PRODUCT PORTFOLIO 94
12.4 BUSINESS STRATEGY EXCELLENCE 95
12.5 MARKET RANKING OF ELECTRIC VEHICLE INSULATION MANUFACTURERS 97
12.6 COMPETITIVE SITUATION AND TRENDS 98
12.6.1 EXPANSION 98
12.6.2 NEW PRODUCT LAUNCH 99
12.6.3 JOINT VENTURE 99
12.6.4 INVESTMENT 100
12.6.5 NEW TECHNOLOGY DEVELOPMENT 100
12.6.6 ACQUISITION 100

13 COMPANY PROFILES 101
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperative, current focus and strategies, Threat from Competition, Right to Win)*
13.1 SAINT-GOBAIN 101
13.2 AUTONEUM 104
13.3 BASF SE 108
13.4 ITW INC. 111
13.5 ZOTEFOAMS PLC 114
13.6 VON ROLL HOLDING AG 116
13.7 UNIFRAX 117
13.8 DUPONT 118
13.9 3M 120
13.10 MORGAN ADVANCED MATERIALS 121
13.11 ALDER PELZER HOLDING GMBH 123
13.12 ELMELIN LTD. 124
13.13 PYROPHOBIC SYSTEMS LTD. 125
13.14 TECHMAN ADVANCED MATERIAL ENGINEERS 126
13.15 MARIAN INC. 127
13.16 HILTI 128
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperative, current focus and strategies, Threat from Competition, Right To Win might not be captured in case of unlisted companies.

14 APPENDIX 129
14.1 DISCUSSION GUIDE 129
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 132
14.3 AVAILABLE CUSTOMIZATIONS 134
14.4 RELATED REPORTS 134
14.5 AUTHOR DETAILS 135



List of Figures



FIGURE 1 ELECTRIC VEHICLE INSULATION MARKET DEFINITION 17
FIGURE 2 ELECTRIC VEHICLE INSULATION MARKET SEGMENTATION 17
FIGURE 3 ELECTRIC VEHICLE INSULATION MARKET: RESEARCH DESIGN 20
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 24
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 24
FIGURE 6 ELECTRIC VEHICLE INSULATION MARKET FORECAST CALCULATION METHODOLOGY 25
FIGURE 7 ELECTRIC VEHICLE INSULATION MARKET: BASE NUMBER CALCULATION METHODOLOGY 25
FIGURE 8 ELECTRIC VEHICLE INSULATION MARKET: DEMAND-SIDE APPROACH 26
FIGURE 9 PRIMARY INSIGHTS ON ELECTRIC VEHICLE INSULATION MARKET 26
FIGURE 10 ELECTRIC VEHICLE INSULATION MARKET: DATA TRIANGULATION 27
FIGURE 11 THERMAL INSULATION & MANAGEMENT ACCOUNTED FOR THE LARGEST
SHARE OF THE MARKET IN 2018 29
FIGURE 12 BEV TO BE LEADING CONSUMER OF ELECTRIC VEHICLE INSULATIONS 30
FIGURE 13 APAC ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2018 30
FIGURE 14 GROWING DEMAND FOR ELECTRIC VEHICLES TO DRIVE THE MARKET 32
FIGURE 15 NORTH AMERICA TO BE FASTEST-GROWING ELECTRIC VEHICLE
INSULATION MARKET 32
FIGURE 16 UNDER THE BONNET AND BATTERY PACK SEGMENT ACCOUNTED FOR
THE LARGEST MARKET SHARE 33
FIGURE 17 US TO BE THE FASTEST-GROWING ELECTRIC VEHICLE INSULATION MARKET 33
FIGURE 18 UNDER THE BONNET AND BATTERY PACK WAS LARGEST APPLICATION
OF ELECTRIC VEHICLE INSULATION IN 2018 34
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE
ELECTRIC VEHICLE INSULATION MARKET 35
FIGURE 20 YC AND YCC SHIFT 39
FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: ELECTRIC VEHICLE INSULATION MARKET 40
FIGURE 22 FOAMED PLASTICS SEGMENT TO LEAD THE ELECTRIC VEHICLE
INSULATION MARKET 50
FIGURE 23 BATTERY ELECTRIC VEHICLE PROPULSION TYPE TO LEAD OVERALL ELECTRIC VEHICLE INSULATION MARKET 55
FIGURE 24 UNDER THE BONNET AND BATTERY PACK APPLICATION TO LEAD THE
ELECTRIC VEHICLE INSULATION MARKET 62
FIGURE 25 STRUCTURE OF ELECTRIC VEHICLE BATTERY 63
FIGURE 26 THERMAL INSULATION & MANAGEMENT SEGMENT TO LEAD THE OVERALL ELECTRIC VEHICLE INSULATION MARKET 67
FIGURE 27 APAC TO BE THE LARGEST MARKET FOR ELECTRIC VEHICLES INSULATION
DURING THE FORECAST PERIOD 71
FIGURE 28 APAC: ELECTRIC VEHICLE INSULATION MARKET SNAPSHOT 73
FIGURE 29 NORTH AMERICA: ELECTRIC VEHICLE INSULATION MARKET SNAPSHOT 79
FIGURE 30 EUROPE: ELECTRIC VEHICLE INSULATION MARKET SNAPSHOT 83
FIGURE 31 COMPETITIVE LEADERSHIP MAPPING, 2018 93
FIGURE 32 EXPANSION WAS THE KEY GROWTH STRATEGY ADOPTED BY THE MARKET PLAYERS BETWEEN 2016 AND 2019 96
FIGURE 33 TOP 3 PLAYERS IN 2018 97
FIGURE 34 SAINT-GOBAIN: COMPANY SNAPSHOT 101
FIGURE 35 SAINT-GOBAIN: SWOT ANALYSIS 102
FIGURE 36 AUTONEUM: COMPANY SNAPSHOT 104
FIGURE 37 AUTONEUM: SWOT ANALYSIS 106
FIGURE 38 BASF SE: COMPANY SNAPSHOT 108
FIGURE 39 BASF SE: SWOT ANALYSIS 109
FIGURE 40 ITW INC.: COMPANY SNAPSHOT 111
FIGURE 41 ITW INC.: SWOT ANALYSIS 112
FIGURE 42 ZOTEFOAMS PLC.: COMPANY SNAPSHOT 114
FIGURE 43 VON ROLL HOLDING AG: COMPANY SNAPSHOT 116
FIGURE 44 DUPONT: COMPANY SNAPSHOT 118
FIGURE 45 3M: COMPANY SNAPSHOT 120
FIGURE 46 MORGAN ADVANCED MATERIALS: COMPANY SNAPSHOT 121

 

List of Tables



TABLE 1 EXISTING SUBSIDIES AND TAX STRUCTURE, CANADA (2018) 43
TABLE 2 EXISTING CHARGING STATION STANDARDS IN CHINA 44
TABLE 3 EXISTING SUBSIDIES AND TAX STRUCTURE, CHINA (2018) 44
TABLE 4 EXISTING SUBSIDIES AND TAX STRUCTURE, DENMARK (2018) 45
TABLE 5 EXISTING SUBSIDIES AND TAX STRUCTURE, FRANCE (2018) 46
TABLE 6 EXISTING SUBSIDIES AND TAX STRUCTURE, AUSTRIA (2018) 46
TABLE 7 EXISTING SUBSIDIES AND TAX STRUCTURE, GERMANY (2018) 47
TABLE 8 EXISTING SUBSIDIES AND TAX STRUCTURE, SPAIN (2018) 48
TABLE 9 INSULATION MATERIALS USED IN BATTERIES 50
TABLE 10 INSULATION MATERIALS USED IN ENGINES, MOTORS, HVAC, TIRES AND POWER SYSTEMS 51
TABLE 11 ELECTRIC VEHICLE INSULATION MARKET SIZE, BY PRODUCT TYPE 2017–2024 (USD MILLION) 51
TABLE 12 ELECTRIC VEHICLE INSULATION MARKET SIZE, BY PROPULSION TYPE 2017–2024 (USD MILLION) 55
TABLE 13 ELECTRIC VEHICLE SALES MARKET, BY PROPULSION TYPE 2017–2030 (THOUSAND UNITS) 55
TABLE 14 ELECTRIC VEHICLE INSULATION MARKET SIZE IN BEV, BY APPLICATION 2017–2024 (USD MILLION) 56
TABLE 15 ELECTRIC VEHICLE INSULATION MARKET SIZE IN BEV, BY INSULATION TYPE, 2017–2024 (USD MILLION) 57
TABLE 16 BEV SALES, BY REGION 2017–2030 (THOUSAND UNITS) 57
TABLE 17 ELECTRIC VEHICLE INSULATION MARKET SIZE IN PHEV, BY APPLICATION 2017–2024 (USD MILLION) 58
TABLE 18 ELECTRIC VEHICLE INSULATION MARKET SIZE IN PHEV, BY INSULATION TYPE, 2017–2024 (USD MILLION) 58
TABLE 19 PHEV SALES, BY REGION 2017–2030 (THOUSAND UNITS) 58
TABLE 20 FCEV SALES, BY REGION 2017–2030 (THOUSAND UNITS) 60
TABLE 21 ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 62
TABLE 22 BATTERY SUPPLY CHAIN OF MAJOR ELECTRIC VEHICLE MODELS 64
TABLE 23 ELECTRIC VEHICLE INSULATION MARKET SIZE IN UNDER THE BONNET AND BATTERY PACK APPLICATION, BY PROPULSION TYPE, 2017–2024 (USD MILLION) 64
TABLE 24 ELECTRIC VEHICLE INSULATION MARKET SIZE IN INTERIOR APPLICATION BY PROPULSION TYPE, 2017–2024 (USD MILLION) 65
TABLE 25 ELECTRIC VEHICLE INSULATION MARKET SIZE IN OTHER APPLICATIONS BY PROPULSION TYPE, 2017–2024 (USD MILLION) 65
TABLE 26 ELECTRIC VEHICLE INSULATION MARKET SIZE, BY INSULATION TYPE 2017–2024 (USD MILLION) 67
TABLE 27 THERMAL INSULATION & MANAGEMENT MARKET SIZE, BY PROPULSION TYPE, 2017–2024 (USD MILLION) 68
TABLE 28 ACOUSTIC INSULATION MARKET SIZE, BY PROPULSION TYPE 2017–2024 (USD MILLION) 69
TABLE 29 ELECTRICAL INSULATION MARKET SIZE, BY PROPULSION TYPE 2017–2024 (USD MILLION) 69
TABLE 30 ELECTRIC VEHICLE INSULATION MARKET SIZE, BY REGION 2017–2024 (USD MILLION) 71
TABLE 31 ELECTRIC VEHICLE SALES, BY REGION, 2017–2030 (THOUSAND UNITS) 72
TABLE 32 APAC: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 73
TABLE 33 APAC: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 74
TABLE 34 APAC: SALES OF PASSENGER ELECTRIC CAR, BY COUNTRY, 2017–2030 (UNITS) 74
TABLE 35 CHINA: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 75
TABLE 36 CHINA: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 75
TABLE 37 JAPAN: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 76
TABLE 38 JAPAN: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 76
TABLE 39 SOUTH KOREA: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 77
TABLE 40 SOUTH KOREA: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE, 2017–2030 (UNITS) 77
TABLE 41 INDIA: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 78
TABLE 42 NORTH AMERICA: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 79
TABLE 43 NORTH AMERICA: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 80
TABLE 44 NORTH AMERICA: SALES OF PASSENGER ELECTRIC CAR, BY COUNTRY 2017–2030 (UNITS) 80
TABLE 45 US: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 81
TABLE 46 US: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 81
TABLE 47 CANADA: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 82
TABLE 48 CANADA: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 82
TABLE 49 EUROPE: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 84
TABLE 50 EUROPE: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 84
TABLE 51 EUROPE: SALES OF PASSENGER ELECTRIC CAR, BY COUNTRY, 2017–2030 (UNITS) 84
TABLE 52 GERMANY: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 85
TABLE 53 GERMANY: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 85
TABLE 54 FRANCE: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 86
TABLE 55 FRANCE: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 86
TABLE 56 UK: ELECTRIC VEHICLE INSULATION MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 87
TABLE 57 UK: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 87
TABLE 58 NETHERLANDS: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE, 2017–2030 (UNITS) 88
TABLE 59 NORWAY: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 89
TABLE 60 SWEDEN: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 89
TABLE 61 DENMARK: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 90
TABLE 62 AUSTRIA: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 90
TABLE 63 SWITZERLAND: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE, 2017–2030 (UNITS) 91
TABLE 64 SPAIN: SALES OF PASSENGER ELECTRIC CAR, BY PROPULSION TYPE 2017–2030 (UNITS) 91
TABLE 65 EXPANSION, 2016–2019 98
TABLE 66 NEW PRODUCT LAUNCH, 2016–2019 99
TABLE 67 JOINT VENTURE, 2016–2019 99
TABLE 68 INVESTMENT, 2016–2019 100
TABLE 69 NEW TECHNOLOGY DEVELOPMENT, 2016–2019 100
TABLE 70 ACQUISITION, 2016–2019 100