Electrical Insulation Paper
Market by Product Type (NOMEX, Mica, Semiconductor paper, Other), By Application (Conductor Insulation, Power Cable Insulation, Barrier Insulation, End-filling, Other), and by Region – Global Forecast to 2028”. It offers a holistic view of the Global Electrical Insulation Paper Market through systematic segmentation that covers every aspect of the target market.
Electrical insulation papers are used as electrical insulators, owing to cellulose having exceptional electrical properties. These papers are majorly used for high voltage engineering applications. Its features such as small size, high mechanical strength, and improved resistance properties, make it ideal for electrical insulation applications. These type of papers are primarily used in electric cables, submarine power cables, capacitors, transformer boards, etc.
The Global Electrical Insulation Paper Market is primarily driven by a growing demand for electricity. An increase in the consumption of electricity from the commercial sector, industrial sector, and residential sector is accelerating the growth of the market. The market is expected to develop considerably, owing to increasing adoption in transformer insulation, transformer winding, electrical bushings, cable insulation, capacitor insulation, conductor insulation and electronics. Increasing demand for effective insulation materials in the electrical application is expected to augment the growth of the Global Electrical Insulation Paper Market.
Rising transmission and distribution activities globally, increased focus on electricity provision in rural areas and improvement in regulations for electricity supply are factors expected to support the growth of the Global Electrical Insulation Paper Market. Also, technological advancements for the development of compact electrical equipment and product innovations are other elements influencing the adoption of electrical insulation papers globally.
Global Electrical Insulation Paper Market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into TufQUIN, NOMEX, Mica, Semiconductor Paper and others. The NOMEX segment accounts for the majority share in the Global Electrical Insulation Paper Market. On the basis of application, the market is segmented into Conductor Insulation, Power Cable Insulation, Barrier Insulation, End-Filling and others. Power Cable Insulation accounts for a majority share in the Global Electrical Insulation Paper Market with a market share of 38.7%.