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.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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