Electrical Insulation Materials Market Size – By Material, Application Analysis, Share, Growth Forecast, 2025 - 2034

The global market size for electrical insulation materials was valued at USD 11.9 billion in 2024 and is projected to reach USD 22.5 billion by 2034, driven by a CAGR of over 6.6% during the forecast period, fueled by increasing electricity demand and the growing adoption of renewable energy.

Thermoplastics accounted for a market value of USD 3.8 billion in 2024, due to their versatility and widespread use in electrical insulation applications.

The U.S. market generated USD 2.8 billion in 2024, driven by infrastructure investments focused on modernizing electrical grids and expanding renewable energy capacities.

Major players in the industry include 3M, AGC (Asahi Glass), Chemours, Daikin Industries, DowDuPont, HaloPolymer, Mitsui Chemicals, Momentive Performance Materials, Saint-Gobain Performance Plastics, Shin-Etsu Chemical, Solvay, Wacker Chemie, and Zeon Corporation.