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.
According to the new market research report “Electrical Insulation Paper - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Electrical Insulation Paper market size is projected to reach USD 1.68 billion by 2030, at a CAGR of 4.7% during the forecast period.
- Global Electrical Insulation Paper MarketSize(US$ Million), 2019 VS 2023 VS 2030
Source: QYResearch, "Electrical Insulation Paper - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
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.
- Global Electrical Insulation Paper Top10 Players Rankingand Market Share（Continually updated）
Source: QYResearch, "Electrical Insulation Paper - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Electrical Insulation Paper include DuPont, Weidmann, 3M, Hitachi Energy, Yantai Metastar Special Paper, Nitto Denko, X-FIPER New Material, Delfortgroup AG, TOMOEGAWA, Ahlstrom-Munksjö, etc. In 2023, the global top five players had a share approximately 65.0% in terms of revenue.
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