Insulating Paper Market – Global Industry Report, 2031

Global Insulating Paper: Introduction

  • Cellulose is widely used in the manufacture of insulating paper, due to excellent properties of pure cellulose such as higher electric resistance and mechanical strength compared to other alternatives including wood, cotton, and rubber. Insulating paper is a laminate with multi-layered structure, which offers insulation along with excellent mechanical strength and heat resistance.
  • Growth of the electricity transmission & distribution industry and advancements in the global industrial sector have augmented the demand for insulating materials. This, in turn, is driving the demand for insulating paper.
  • Technological advancements in electricity transmission and distribution have resulted in increased demand for insulating materials with advanced properties. Furthermore, rise in safety concerns in electrification has propelled the demand for high-quality insulating materials. This, in turn, is anticipated to fuel the demand for insulating paper in the near future. This can be ascribed to properties of insulating paper in terms of tensile strength, breakdown phenomenon, and tear resistance. However, increase in prices of raw materials required for the production of insulating paper is projected to hinder the global insulating paper market during the forecast period.

Key Drivers and Restraints of Insulating Paper Market

  • Modernization of electric transmission and distribution networks and rise in demand for electricity in various sectors such as commercial, industrial, and residential are positively impacting the electric insulating paper market
  • Rise in public and private investments in the establishment of basic construction and infrastructure, primarily in developing countries, is significantly driving the demand for electricity and electrification components (including insulating materials). This is projected to propel the demand for electric insulating paper during the forecast period.

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COVID-19 Impact Analysis

  • In the initial phase of the COVID-19 outbreak, lockdowns were imposed across the globe to limit the spread of the disease. This led to restriction on the movement of goods and individuals and economic activities. As a result, most of the EV automakers, such as BMW AG, Daimler AG, Kia Motors Corp, Tesla Motors, and Nissan Motor Co., had to shut down their production facilities. Disruption in operation of production facilities has hampered the demand for insulating paper, as insulating paper is used as an insulating material for electrical equipment such as cables and coils in electric vehicles.

Electrical Insulating Paper Product Segment Expected to Hold Prominent Share of Global Market

  • The global insulating paper market can be segmented based on product, application, end-use industry, and region
  • Based on product, the insulating paper market can be divided into electrical insulating paper, mica insulating paper, and hybrid insulating paper. Electrical insulating paper segment is anticipated to witness growth due to the modernization of electric transmission and distribution networks and rise in demand for electricity in various sectors such as commercial, industrial, and residential.
  • Based on application, the global insulating paper market can be segregated into power cable, conductor insulation, barrier insulation, and others
  • Based on end-use industry, the global insulating paper market can be divided into electrical & electronics, industrial goods, and automotive. Rise in demand for electric vehicles is anticipated to propel the automotive segment in the near future.

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Asia Pacific Expected to Constitute Major Share of Global Insulating Paper Market

  • In terms of region, the global insulating paper market can be classified into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • Asia Pacific is a leading consumer of insulating paper across the globe, followed by North America and Europe. Rise in demand for insulating materials in the electricity transmission & distribution industry, led by increase in demand for electricity in automobile and other manufacturing industries and residential sector in Asia Pacific, is driving the insulating paper market in the region.
  • Rapid industrialization led by economic growth and supportive government policies, primarily in countries such as China, India, and Indonesia, has resulted in high demand for electricity. Furthermore, growth of the construction & infrastructure industry has fueled the demand for electricity distribution in Asia Pacific. This, in turn, is anticipated to drive the demand for insulating paper in Asia Pacific in the next few years.
  • North America and Europe are estimated to hold considerable share of the global insulating paper market during the forecast period, due to increase in demand for insulating material and modernization of electrification in these regions

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Key Players Operating in Global Market

Key companies operating in the global insulating paper market are

  • 3M
  • Nitto Denko Corporation
  • DuPont de Nemours, Inc.
  • ABB
  • Teijin Aramid B.V.
  • Cottrell Paper Company
  • Weidmann Electrical Technology Inc.
  • Von Roll Holding A.G.
  • Yantai Metastar Special Paper
  • Miki Tokushu Paper

Global Insulating Paper Market: Research Scope

Global Insulating Paper Market, by Product

  • Electrical Insulating Paper
  • Mica Insulating Paper
  • Hybrid Insulating Paper

Global Insulating Paper Market, by Application

  • Power Cable
  • Conductor Insulation
  • Barrier Insulation
  • Others (including Bushings)

Global Insulating Paper Market, by End-use Industry

  • Electrical & Electronics
  • Industrial Goods
  • Automotive

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