A research study on the global electrical insulation paper market has been made available, titled “Electrical Insulation Paper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”.
Electric insulation papers are highly in demand chiefly from the transformer and cable industries.
The global electrical insulation paper market is driven by the modernization of transmission and distribution network. The rising demand for electricity from commercial, industrial and residential sectors is also a key factor boosting the growth of this market.
The electrical insulation paper market is expanding significantly due to increasing applications in transformer insulation, electrical bushings and transformer winding, as well as in cable insulation, capacitor insulation and conductor insulation.
Increasing number of innovations toward a more compact size 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.
In terms of type of transformer, the high voltage segment is estimated to lead the market due to the rising demand for insulation in various industry verticals.
Asia Pacific is estimated to be an emerging market among all the other regions. 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.
Some of the players operating in this 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.
Source: Transparency Market Research