A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Electrical
Insulation Paper
Market. The
study, titled “Electrical
Insulation Paper Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Electrical
insulation papers are increasingly in demand as pure cellulose has
excellent electrical properties. Cellulose is also polar with a
dielectric constant significantly greater than one. As submarine
power cables have high voltages, electrical insulation papers are
used and highly in demand as in case of any leakage, the paper will
swell but not allow water from flowing through the cable. Electric
insulation papers are highly in demand chiefly from the transformer
and cable industries. These papers are used in applications that
demand extra high voltage.
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The
global electrical insulation paper market is driven by the
modernization of transmission and distribution network. The
compelling demand for electricity from commercial, industrial, as
well as the residential sector is also a key factor augmenting the
growth of this market. The increasing investments in installation of
transmission lines will also help spur the demand for electric
insulation paper in developing nations.
Electric
insulation paper demand is also expected to rise on account of the
growth in the construction industry. The construction industry is
flourishing specially in the developing economies of Asia Pacific.
China and India are among the countries in which construction
industry is thriving and thus, will prove to be attractive markets
for electric insulation paper market in the years to come. Another
industry’s success which is proving to be a growth factor for the
global electrical insulation paper market is the consumer electronics
industry.
Electrical
Insulation Paper Market: Overview
Electrical
insulation papers are used as an insulator in many electrical and
electronic applications due to its low electric conductive
properties. Typically, cellulose is employed as an insulating
material due to its excellent insulation properties. Previously,
materials such as wood, rubber, and cotton were utilized as
electrical insulators. Electrical insulating papers have high
mechanical strength, reduced size, and improved resistance
properties. The usage of high purity chemical in manufacturing makes
them perfect for insulating electrical machines. Presently, these
papers are witnessing an increased usage due to the increasing demand
for effective insulating products.
Electrical
Insulation Paper Market: Dynamics and Trends
The
market is majorly driven by the increasing demand from the
electrical, and electronics industry verticals. The electrical
insulation paper market is expanding significantly due to increasing
applications in cable insulation, capacitor insulation, conductor
insulation, transformer insulation, electrical bushings, and
transformer winding. Moreover, the market is growing due to the
increasing industrialization and urbanization in developing
economies.
In
developing economies, a surge in the electrical installation
activities, focus on the development of rural areas, and improved
electricity regulations are contributing to the overall expansion of
the market. Increasing number of innovations toward the
miniaturization of electrical equipment is also demanding the usage
of electrical insulation paper. Furthermore, increasing innovations
for the improvisation of heat resistance of these insulation papers
are creating a high adoption rate across various other applications,
thereby driving the overall market.
Electrical
Insulation Paper Market: Segmentation
In
terms of type of transformer, the electrical insulation paper market
can be segmented into high voltage (>12 KV), medium, and low
voltage (<12 KV). The high voltage segment is estimated to lead
the market due to the rising demand for insulation in various
industry verticals.
In
terms of application, the electrical insulation paper market can be
segmented into conductor insulation, power cable insulation, barrier
insulation, end-filling, and others. The power cable insulation
segment is anticipated to hold a prominent share of the market due to
the rising rate of electricity generation and the increased need for
insulation to reduce accidents. Moreover, the conductor insulation
segment is also showing a significant share, and is anticipated to
expand at a moderate rate during the forecast period.
In
terms of end-user industry, the electrical insulation paper market
can be segmented into electrical, semiconductor and electronics,
energy and mining, and others. Increasing demand for insulation in
the electrical, semiconductor and electronics industries is
anticipated to have a positive impact on the expansion of the
electrical insulation paper market during the forecast period.
Electrical
Insulation Paper Market: Regional Outlook
Asia
Pacific (APAC) is estimated to be an emerging market among all the
other regions. Rising population in the region is fuelling the demand
for a significant rise in electrical production, and favorable
government policies toward the modernization of traditional
electrical systems are collaboratively contributing significantly to
the expansion of the market in the region. North America is
anticipated to hold a prominent share of the market due to the high
demand for insulation, due to increase in rate of electricity
production.
Electrical
Insulation Paper Market: Key Players
Prominent
players operating in the global electrical insulating paper market
include Wicor Holding AG, DuPont, 3M, Delfingen, Atkins & Pearce,
Inc., ABB, Elantas Pdg, Inc., Von Roll Holding AG, Varflex
Corporation, Fibertek Inc., Cottrell Paper Company, Paramount Tube,
delfortgroup, Henkel AG & Co. KGaA, FLEXcon Industrial, LLC,
Isovolta AG, and Aurora Technologies Inc.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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