Increasing demand for product in automotive industry is projected to drive growth of the global electrical insulation coating over the forecast period. The electrical insulation coating used for glass segments offer high resistance to water in heavy rains conditions.

The global electrical insulation coating market report has been segmented on the basis of product, raw material, and region.

On the basis of product, the global electrical insulation coating market has been segmented into liquid and powder. The liquid electrical insulation coating segment is expected to account for major share in the global electrical insulation coating market in terms of revenue, and is projected to register highest CAGR over the forecast period in terms of revenue, owing to factors such as faster curing times, eliminate demand for solvents and its ability to emit lower volatile organic compounds (VOC).

On the basis of raw material, the global electrical insulation coating market has been segmented into epoxy, PTFE(polytetrafluoroethylene), ceramic, oxy ceramics, and others (metals and alloys). The epoxy segment is expected to account for significant share in the global electrical insulation coating market in terms of revenue, owing to excellent dielectric properties, good shock, dimensional stability, and vibration resistance. The PTFE(polytetrafluoroethylene) segment is projected to register highest CAGR over the forecast period in terms of revenue.

On the basis of region, the global electrical insulation coating market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Market in Asia Pacific is estimated to account for significant revenue share in the global electrical insulation coating market. Asia Pacific market is expected to register highest CAGR over the forecast period in terms of revenue, owing to rapid industrialization in countries such as China and India in this region.

Key players operating in the global market include 3M Company, PPG Industries, AkzoNobel N.V., DuPont, Evonik Industries, Axalta Coating Systems, Elantas GmbH, The Fisher Barton Group, Fluoro Precision Coatings, and GLS Coatings Ltd.

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