GUARD INSULATE
As the world’s leading supplier of lithium-ion batteries, China
represents a promising market for Jotun. With global sales of
electric vehicles expected to grow from 2.5 million in 2020 to 31.1
million by 2030, Jotun has identified a strong market opportunity
in the automotive components market. In response to growing
demand for casings for car batteries manufactured in China, Jotun
launched Guard Insulate, a highly durable powder coatings that
out-performs plastic alternatives in chemical and heat resistance.
In addition to helping Jotun gain a foothold in the competitive
Chinese automotive components market, this specialised product
helps manufacturers improve environmental performance by
reducing plastic waste.
Jotun Group Report 2020 I 23
