変圧器絶縁市場規模、シェア、動向、2030年までの世界予測

Transformer Insulation Market - Global Forecast to 2030

Transformer Insulation Market by Material (Liquid, Solid Insulation), Voltage Class, Type (Liquid Filled, Dry-type Transformer), End-use Industry (Electrical Utilities, Data Centers, Oil & Gas, Power), and Region - Global Forecast to 2030

商品番号 : SMB-89674

出版社MarketsandMarkets
出版年月2025年10月
ページ数306
図表数316
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

変圧器絶縁市場 – 材質(液体、固体絶縁)、電圧クラス、タイプ(液体充填型、乾式変圧器)、最終用途産業(電力会社、データセンター、石油・ガス、電力)、および地域別 – 2030年までの世界予測

変圧器絶縁市場は、予測期間中に6.8%のCAGRで成長し、2025年の69億7,000万米ドルから2030年には96億8,000万米ドルに達すると予想されています。

市場の成長は、主に発展途上地域における急速な都市化と工業化に起因する世界的な電力需要の増加によって牽引されています。このため、最大限の実用性と信頼性を実現するために、高度な変圧器絶縁に依存する送電網の増強と改善が求められています。太陽光発電や風力発電などの再生可能エネルギー源への移行に伴い、スマートグリッドアプリケーションでは、高電圧条件と負荷変動に対応するために信頼性の高い変圧器絶縁が求められています。持続可能性に向けた世界的な取り組みは、乾式絶縁システムやバイオベース絶縁システムといった、絶縁された環境に配慮したソリューションへの需要を生み出しています。これらのソリューションは、ますます厳しくなる規制を満たすと同時に、都市部やデータセンターの安全性を向上させます。先進国では、老朽化する電力インフラのニーズに応えるため、負荷と電力を確実に供給するために、高性能絶縁ソリューションへの改修やアップグレードが求められています。電気自動車充電ステーションや産業オートメーションの台頭により、より小型で絶縁特性に優れた変圧器への需要がさらに高まっています。ナノテクノロジー複合材料などの新材料を用いた革新的なアプローチは、変圧器の寿命を延ばし、変圧器の絶縁を強化することで市場機会を拡大します。これらの新しい技術とエネルギーインフラへの資本投資の増加により、さまざまな用途における変圧器絶縁の需要がより安定しています。

本市場調査は、変圧器絶縁市場を様々なセグメントにわたって網羅しています。材質、種類、最終用途産業、地域に基づき、様々なセグメントにおける市場規模と成長ポテンシャルを推定することを目的としています。また、主要プレーヤーの詳細な競合分析、企業概要、製品および事業内容に関する主要な考察、最近の動向、そして変圧器絶縁市場における地位向上のために採用した主要な成長戦略も含まれています。

本レポートは、市場リーダー企業および新規参入企業が、変圧器絶縁市場全体、ならびにそのセグメントおよびサブセグメントの収益数値について、より正確な概算値を共有する上で役立つことが期待されます。本レポートは、ステークホルダーが市場の競争環境を理解し、事業の地位向上のための洞察を獲得し、適切な市場開拓戦略を策定する上で役立つことが期待されます。また、本レポートは、ステークホルダーが市場を理解し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供することも目的としています。

本レポートでは、以下の点について洞察を提供しています。

主要な推進要因(急速な工業化、都市化、インフラ整備による世界的な電力需要の増加、スマートグリッドの拡大と電力システム全体におけるデジタル化の導入拡大、都市化と産業成長、データセンターの電力インフラの急成長)、制約要因(先進断熱材の初期コストの高さ、原材料価格の変動)、機会(環境に優しいバイオベース断熱材の開発、新興国における再生可能エネルギーと電化の台頭)、課題(過酷な環境下における材料の劣化と耐久性への懸念、断熱材の入手可能性に影響を与えるサプライチェーンの混乱)の分析。

  • 製品開発/イノベーション:変圧器絶縁市場における今後の技術、研究開発活動、新製品・新サービスの投入に関する詳細な洞察
  • 市場開発:有望な市場に関する包括的な情報。本レポートでは、様々な地域における変圧器絶縁市場を分析しています。
  • 市場多様化:変圧器絶縁市場における新製品・サービス、未開拓地域、最近の動向、投資に関する包括的な情報
  • 競合評価:デュポン(米国)、3M(米国)、日立エナジー(スイス)、クレンペル(ドイツ)、WEG(ブラジル)、ハンツマン・インターナショナル(米国)、ワイドマン・エレクトリカル・テクノロジー(スイス)、アールストローム(フィンランド)、デルフォートグループ(オーストリア)、ノルディック・ペーパー(スウェーデン)、巴川電機(日本)、アルタナ(ドイツ)など、主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価。変圧器絶縁市場。

Report Description

The transformer insulation market is anticipated to grow from USD 6.97 billion in 2025 to USD 9.68 billion by 2030, at a CAGR of 6.8% during the forecast period. The market growth is driven by the rising global electricity demand, largely due to rapid urbanization and industrialization in developing regions. This leads to the requirement for additional and improved electricity transmission networks dependent on sophisticated transformer insulation for maximum utility and reliability. Movement toward renewable energy sources, such as solar and wind generation, requires dependable transformer insulation in smart grid applications to accommodate high-voltage conditions and load variation. The global activism towards sustainability generates voltage for insulated, environmentally respectable solutions such as dry-type and bio-based insulation systems, which meet increasingly stricter regulations while providing improved safety in urban and data centers. The aging power infrastructure requirements in developed countries necessitate retrofitting and upgrading to high-performance insulation solutions to deliver load and power reliably. The ascendance of electric vehicle charging stations and industrial automation further deepens the requirement for smaller transformers with better insulation properties. The innovative approach of using new materials, including nanotechnology composites, will lengthen its lifespan, and performing transformer insulation will increase market opportunities. These novelties and increasing capital investment in energy infrastructure support a more stable demand for transformer insulation in various applications.

変圧器絶縁市場規模、シェア、動向、2030年までの世界予測
Transformer Insulation Market – Global Forecast to 2030

“Based on type, the dry-type transformer is the fastest-growing segment during the forecast period.”

The dry-type transformer is the fastest-growing type segment in the transformer insulation market due to its safety, eco-friendly aspects, and suitability for various applications. Dry-type transformers rely on solid insulation materials, such as cellulose and composites. Therefore, they do not face issues related to leaks or environmental risks. They are also suitable for data centers, urban settings, and places with indoor applications and fire safety applications. These transformers are eco-friendly, which is also aligned with the strict standards and regulations of governing bodies worldwide, including the industrial decarbonization and sustainability targets. Growing demand for the integration of renewable energy forms, such as solar and wind, into the grid also augments the demand for dry transformers as they are well-suited for handling the variable load with high voltage capabilities seen in smart grid technologies. The shift to electric vehicles and the gradual implementation of automation and robotics in industrial applications, as seen in logistics, favor the use of compact, dry-type transformers with a proven track record of low maintenance and durability. The innovation of composite solid insulation material technology, further enhanced by new nanotechnology, also improves dry-type performance and long-term performance, growing their adoption in the power, commercial, and industrial applications as the fastest-growing segment.

変圧器絶縁市場規模、シェア、動向、2030年までの世界予測 - by type
Transformer Insulation Market – Global Forecast to 2030 – by type

“Liquid insulation segment accounted for the second-largest share of the transformer insulation market in 2024.”

The liquid insulation segment is the second most prominent material in the transformer insulation sector, owing to its high cooling performance and the suitability of fluid-based insulation systems for large-scale, heavy-duty transformers used in power generation and transmission. These systems can provide maximum cooling performance and operate reliably in large utility grid systems and industrial applications, especially in expanding energy markets. Liquid insulation systems are also efficient and can support high-voltage operations, which are critical for long-distance transmission lines, especially for emerging economies venturing into new electricity markets, where energy demand is rapidly expanding. Liquid insulation is ideal for large transformers, and aligning liquid-based designs with sustainability goals and regulations, the cost-effectiveness of the technology makes it of additional appeal. Although solid insulation remains favored due to safety and eco-friendly advantages, liquid insulation systems are also essential in the mechanical development of high-power designs to ensure thermal management is completed successfully. Modernizing aging grids and adding renewable energy sources to electricity systems maintains the demand for liquid insulation and its position as the second largest segment for transformer insulation.

変圧器絶縁市場規模、シェア、動向、2030年までの世界予測 - 地域
Transformer Insulation Market – Global Forecast to 2030 – region

“Asia Pacific is expected to be the fastest-growing region in the transformer insulation market during the forecast period.”

Asia Pacific is the fastest-growing region in the transformer insulation market due to the rapid urbanization, industrialization, and increasing electricity demand in China, India, and Southeast Asian countries. There are large-scale investments into numerous infrastructures, particularly related to the expansion and modernization of electricity grids, which drive investments into more sophisticated transformer insulation to ensure energy continues to be delivered reliably. Furthermore, the drive by governments to improve access to electricity in rural areas and improve the charging infrastructure for electric vehicles further boosts the transformer demand. The growing trend toward adopting environmentally benign transformer insulation solutions, such as dry-type systems, is driven by upcoming environmental regulations and safety requirements for servicing urban environments. The increased number of data centers under construction and in use, spurred by digital transformation and the rollout of 5G, has increased the demand for additional transformers. Advances in materials, especially nanotechnology-based composites, will improve the efficiency of transformers and position Asia Pacific to lead the growth of the transformer insulation market.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments, and the information was gathered through secondary research.

The breakdown of primary interviews is given below:

  • By Department: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 -35%
  • By Designation: C-level – 35%, Director-level – 30%, and Executives – 35%
  • By Region: North America – 25%, Europe – 45%, Asia Pacific – 20%, South America – 5%, and the Middle East & Africa – 5%

DuPont (US), 3M (US), Hitachi Energy Ltd (Switzerland), Krempel GmbH (Germany), WEG (Brazil), Huntsman International LLC (US), Weidmann Electrical Technology AG (Switzerland), Ahlstrom (Finland), delfortgroup AG (Austria), Nordic Paper (Sweden), TOMOEGAWA CORPORATION (Japan), and ALTANA AG (Germany) are some key players in the transformer insulation market.

変圧器絶縁市場規模、シェア、動向、2030年までの世界予測 - 対象企業
Transformer Insulation Market – Global Forecast to 2030 – ecosystem

The study includes an in-depth competitive analysis of these key players in the authentication and brand protection market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the transformer insulation market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on material, type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments, and key growth strategies they adopted to improve their position in the transformer insulation market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall transformer insulation market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

Analysis of key drivers (Rising global demand for electricity due to rapid industrialization, urbanization, and infrastructure development, Expansion of smart grids and increasing adoption of digitalization across power systems, Urbanization and industrial growth, Data center power infrastructure boom), restraints (High initial cost of advanced insulation materials, Volatility in raw material prices), opportunities (Development of eco-friendly bio-based insulation fluids, Rising renewables and electrification in emerging economies), and challenges (Concerns over material aging and durability in extreme environments, Supply chain disruptions affecting insulation material availability).

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the transformer insulation market
  • Market Development: Comprehensive information about lucrative markets–the report analyses the transformer insulation market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the transformer insulation market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as DuPont (US), 3M (US), Hitachi Energy Ltd (Switzerland), Krempel GmbH (Germany), WEG (Brazil), Huntsman International LLC (US), Weidmann Electrical Technology AG (Switzerland), Ahlstrom (Finland), delfortgroup AG (Austria), Nordic Paper (Sweden), TOMOEGAWA CORPORATION (Japan), and ALTANA AG (Germany), operating in the transformer insulation market.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      27

1.4           CURRENCY CONSIDERED            27

1.5           UNITS CONSIDERED      28

1.6           STAKEHOLDERS               28

2               RESEARCH METHODOLOGY       29

2.1           RESEARCH DATA              29

2.1.1        SECONDARY DATA          30

2.1.1.1    List of key secondary sources              30

2.1.1.2    Key data from secondary sources       30

2.1.2        PRIMARY DATA 31

2.1.2.1    Key data from primary sources           31

2.1.2.2    List of primary interview participants—demand and supply side                 32

2.1.2.3    Key industry insights           32

2.1.2.4    Breakdown of interviews with experts               32

2.2           MARKET SIZE ESTIMATION         33

2.2.1        BOTTOM-UP APPROACH              33

2.2.2        TOP-DOWN APPROACH                34

2.3           FORECAST NUMBER CALCULATION       35

2.4           DATA TRIANGULATION                36

2.5           FACTOR ANALYSIS          37

2.6           ASSUMPTIONS  37

2.7           LIMITATIONS AND RISKS             38

3               EXECUTIVE SUMMARY  39

4               PREMIUM INSIGHTS       43

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRANSFORMER INSULATION MARKET  43

4.2           TRANSFORMER INSULATION MARKET, BY MATERIAL                 43

4.3           TRANSFORMER INSULATION MARKET, BY TYPE                 44

4.4           TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY           44

4.5           TRANSFORMER INSULATION MARKET, BY COUNTRY                 45

5               MARKET OVERVIEW       46

5.1           INTRODUCTION              46

5.2           MARKET DYNAMICS       46

5.2.1        DRIVERS               47

5.2.1.1    Rising global demand for electricity due to rapid industrialization, urbanization, and infrastructure development 47

5.2.1.2    Expansion of smart grids and increasing adoption of digitalization across power systems           47

5.2.1.3    Urbanization and industrial growth fueling demand for advanced transformer insulation         48

5.2.1.4    Data center power infrastructure boom            48

5.2.2        RESTRAINTS      49

5.2.2.1    High initial cost of advanced insulation materials           49

5.2.2.2    Volatility in raw material prices          50

5.2.3        OPPORTUNITIES              51

5.2.3.1    Development of eco-friendly bio-based insulation fluids                 51

5.2.3.2    Rising renewables and electrification in emerging economies to fuel demand           51

5.2.4        CHALLENGES    52

5.2.4.1    Concerns over material aging and durability in extreme environments         52

5.2.4.2    Supply chain disruptions affecting insulation material availability                 52

5.3           PORTER’S FIVE FORCES ANALYSIS           53

5.3.1        THREAT OF NEW ENTRANTS      54

5.3.2        THREAT OF SUBSTITUTES          54

5.3.3        BARGAINING POWER OF SUPPLIERS       54

5.3.4        BARGAINING POWER OF BUYERS             55

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 55

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     56

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           56

5.4.2        BUYING CRITERIA           57

5.5           MACROECONOMIC INDICATORS              57

5.5.1        GLOBAL GDP TRENDS  57

5.6           VALUE CHAIN ANALYSIS               59

5.7           REGULATORY LANDSCAPE         61

5.7.1        NORTH AMERICA             61

5.7.1.1    US           61

5.7.1.2    Canada   61

5.7.1.3    Mexico   61

5.7.2        ASIA PACIFIC     62

5.7.3        EUROPE               63

5.7.4        MIDDLE EAST & AFRICA                63

5.7.5        SOUTH AMERICA             64

5.7.6        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             65

5.8           TRADE ANALYSIS             67

5.8.1        IMPORT SCENARIO (HS CODE 854690)    67

5.8.2        EXPORT SCENARIO (HS CODE 854690)    69

5.9           ECOSYSTEM ANALYSIS  70

5.10         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            72

5.11         CASE STUDY ANALYSIS 72

5.11.1      WEIDMANN ELECTRICAL TECHNOLOGY ENHANCING TRANSFORMER RELIABILITY IN MIDDLE EAST WITH INSULATIONS DPE ENGINEERED PAPER               72

5.11.2      ABB ENHANCING TRANSFORMER PERFORMANCE AND LONGEVITY WITH NOMEX INSULATION SYSTEMS           73

5.11.3      ZTELEC GROUP STRENGTHENS GLOBAL PRESENCE WITH HIGH-QUALITY TRANSFORMER INSULATION SOLUTIONS                 73

5.12         TECHNOLOGY ANALYSIS             74

5.12.1      KEY TECHNOLOGIES     74

5.12.1.1  Cellulose-based insulation  74

5.12.1.2  Epoxy resin systems             74

5.12.1.3  SF6 (sulfur hexafluoride) gas insulation           75

5.12.2      COMPLEMENTARY TECHNOLOGIES       75

5.12.2.1  Insulation testing methods 75

5.12.2.2  Resin-impregnated paper (RIP) bushings       76

5.13         PRICING ANALYSIS          76

5.13.1      AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024                 76

5.13.2      AVERAGE SELLING PRICE OF KEY PLAYERS, BY END-USE INDUSTRY, 2024                 78

5.14         KEY CONFERENCES AND EVENTS, 2025–2026        79

5.15         PATENT ANALYSIS          80

5.15.1      METHODOLOGY              80

5.15.2      DOCUMENT TYPES         80

5.15.3      INSIGHTS            82

5.15.4      LEGAL STATUS OF PATENTS      82

5.15.5      JURISDICTION ANALYSIS              82

5.15.6      TOP APPLICANTS            83

5.16         IMPACT OF AI/GEN AI ON TRANSFORMER INSULATION MARKET               84

5.17         INVESTMENT AND FUNDING SCENARIO               84

5.18         IMPACT OF 2025 US TARIFF ON TRANSFORMER INSULATION MARKET   85

5.18.1      INTRODUCTION              85

5.18.2      KEY TARIFF RATES          85

5.18.3      PRICE IMPACT ANALYSIS             86

5.18.4      IMPACT ON KEY COUNTRIES/REGIONS 86

5.18.4.1  North America      86

5.18.4.2  Europe   87

5.18.4.3  Asia Pacific            87

5.18.5      IMPACT ON END-USE INDUSTRIES          88

6               TRANSFORMER INSULATION MARKET, BY VOLTAGE CLASS   89

6.1           INTRODUCTION              90

6.2           LOW VOLTAGE 90

6.2.1        ENSURING SAFE AND RELIABLE TRANSFORMER OPERATION       90

6.3           MEDIUM VOLTAGE         90

6.3.1        OPTIMIZING TRANSFORMER PERFORMANCE FOR POWER NETWORKS        90

6.4           HIGH VOLTAGE                91

6.4.1        PROTECTING EQUIPMENT AND ENHANCING TRANSMISSION SAFETY                91

7               TRANSFORMER INSULATION MARKET, BY MATERIAL                 92

7.1           INTRODUCTION              93

7.2           LIQUID INSULATION     94

7.2.1        RELIABLE DIELECTRIC PROTECTION AND THERMAL MANAGEMENT IN TRANSFORMERS         94

7.2.2        EPOXY RESIN     95

7.2.2.1    Polyester                 96

7.2.2.2    Other liquid insulation        96

7.3           SOLID INSULATION        97

7.3.1        EXCELLENT DIELECTRIC STRENGTH AND COMPATIBILITY WITH INSULATING LIQUIDS    97

7.3.2        EPOXY  97

7.3.3        PAPER INSULATION       98

7.3.3.1    Kraft Paper            98

7.3.3.2    Aramid Paper        98

7.3.3.3    Thermally Upgraded Paper                 98

7.3.3.4    Other paper insulations       99

7.3.4        OTHER SOLID INSULATIONS     99

8               TRANSFORMER INSULATION MARKET, BY TYPE                 100

8.1           INTRODUCTION              101

8.2           LIQUID FILLED TRANSFORMER 103

8.2.1        RELIABLE DIELECTRIC PROTECTION AND THERMAL MANAGEMENT IN TRANSFORMERS         103

8.3           DRY-TYPE TRANSFORMER           103

8.3.1        IMPROVED TRANSFORMER PERFORMANCE IN HARSH ENVIRONMENTS WITH RESIN INSULATION         103

8.3.2        CAST RESIN TRANSFORMERS     104

8.3.3        VACUUM PRESSURE IMPREGNATION TRANSFORMERS                 104

9               TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY           106

9.1           INTRODUCTION              107

9.2           ELECTRICAL UTILITIES 110

9.2.1        STRENGTHENING GRID RELIABILITY THROUGH MODERN INFRASTRUCTURE      110

9.3           DATA CENTERS                 110

9.3.1        OPTIMIZING TRANSFORMER PERFORMANCE FOR POWER NETWORKS        110

9.4           MARINE & OFFSHORE    111

9.4.1        ENSURING RESILIENT OFFSHORE PERFORMANCE IN HARSH ENVIRONMENTS               111

9.5           RAILWAYS           111

9.5.1        DRIVING SAFE AND RELIABLE MOBILITY THROUGH ELECTRIFICATION          111

9.6           OIL & GAS            112

9.6.1        SECURING ENERGY INFRASTRUCTURE FOR CONTINUOUS INDUSTRIAL OPERATIONS            112

9.7           POWER 112

9.7.1        ENABLING EFFICIENT ENERGY FLOW ACROSS DIVERSE APPLICATIONS 112

9.7.2        RENEWABLE ENERGY    113

9.7.3        NON-RENEWABLE ENERGY         113

9.8           OTHER END-USE INDUSTRIES   114

10            TRANSFORMER INSULATION MARKET, BY REGION                 115

10.1         INTRODUCTION              116

10.2         NORTH AMERICA             118

10.2.1      US           124

10.2.1.1  Demand for energy-efficient, safe, and environmentally conscious power distribution solutions to drive market 124

10.2.2      CANADA               126

10.2.2.1  Increasing environmental regulations and infrastructural development to support market growth            126

10.2.3      MEXICO                129

10.2.3.1  High investments and low manufacturing costs to fuel demand                 129

10.3         EUROPE               132

10.3.1      GERMANY           138

10.3.1.1  Increasing demand for compact, safe, and efficient transformers to drive market      138

10.3.2      FRANCE                141

10.3.2.1  Investments in green energy infrastructure to support market growth    141

10.3.3      UK          143

10.3.3.1  Innovations, technological advancements, and investments to drive market          143

10.3.4      ITALY    146

10.3.4.1  Growing industrial activities and urbanization to fuel market                 146

10.3.5      SPAIN    148

10.3.5.1  Rapid renewable energy integration and environmental regulations to fuel market   148

10.3.6      REST OF EUROPE             151

10.4         ASIA PACIFIC     153

10.4.1      CHINA  160

10.4.1.1  Shift toward renewable energy and electrification to support market    160

10.4.2      JAPAN   163

10.4.2.1  Infrastructure modernization and shift toward renewable energy sources to increase demand                 163

10.4.3      INDIA    165

10.4.3.1  Environmental regulations and industrial expansion to fuel demand  165

10.4.4      AUSTRALIA         168

10.4.4.1  Technological advancements and environmental factors to drive market    168

10.4.5      REST OF ASIA PACIFIC   171

10.5         MIDDLE EAST & AFRICA                173

10.5.1      GCC COUNTRIES              179

10.5.1.1  Saudi Arabia          180

10.5.1.1.1                Government initiatives to support market growth                 180

10.5.1.2  UAE        182

10.5.1.2.1                Focus on infrastructure development and renewable energy integration to drive market    182

10.5.1.3  Rest of GCC countries         184

10.5.2      SOUTH AFRICA 187

10.5.3      REST OF MIDDLE EAST & AFRICA             189

10.6         SOUTH AMERICA             192

10.6.1      BRAZIL 197

10.6.1.1  Rapid industrial development, urban expansion, and sustainable initiatives to drive market   197

10.6.2      ARGENTINA       200

10.6.2.1  Low-maintenance and eco-friendly power solutions to boost market    200

10.6.3      REST OF SOUTH AMERICA           202

11            COMPETITIVE LANDSCAPE         205

11.1         OVERVIEW          205

11.2         KEY PLAYER STRATEGIES             205

11.3         REVENUE ANALYSIS       210

11.4         MARKET SHARE ANALYSIS, 2024                 210

11.5         COMPANY VALUATION AND FINANCIAL METRICS                 213

11.6         BRAND/PRODUCT COMPARISON ANALYSIS        214

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 215

11.7.1      STARS   215

11.7.2      EMERGING LEADERS     215

11.7.3      PERVASIVE PLAYERS      215

11.7.4      PARTICIPANTS 215

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         217

11.7.5.1  Company footprint               217

11.7.5.2  Region footprint   218

11.7.5.3  Material type footprint         219

11.7.5.4  Application footprint            219

11.7.5.5  End-use industry footprint 220

11.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        221

11.8.1      PROGRESSIVE COMPANIES         221

11.8.2      RESPONSIVE COMPANIES            221

11.8.3      DYNAMIC COMPANIES  221

11.8.4      STARTING BLOCKS         221

11.8.5      COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2024        223

11.8.5.1  Detailed list of key startups/SMEs    223

11.8.5.2  Competitive benchmarking of key startups/SMEs          224

11.9         COMPETITIVE SCENARIO             225

11.9.1      PRODUCT LAUNCHES   225

11.9.2      DEALS  226

11.9.3      EXPANSIONS     227

12            COMPANY PROFILES      229

12.1         KEY PLAYERS     229

12.1.1      DUPONT              229

12.1.1.1  Business overview 229

12.1.1.2  Products/Solutions/Services offered 230

12.1.1.3  MnM view              234

12.1.1.3.1                Right to win           234

12.1.1.3.2                Strategic choices   235

12.1.1.3.3                Weaknesses and competitive threats 235

12.1.2      3M           236

12.1.2.1  Business overview 236

12.1.2.2  Products/Solutions/Services offered 237

12.1.2.3  MnM view              239

12.1.2.3.1                Right to win           239

12.1.2.3.2                Strategic choices   239

12.1.2.3.3                Weaknesses and competitive threats 239

12.1.3      HITACHI ENERGY LTD  240

12.1.3.1  Business overview 240

12.1.3.2  Products/Solutions/Services offered 241

12.1.3.3  Recent developments           245

12.1.3.3.1                Product launches  245

12.1.3.3.2                Expansions             245

12.1.3.4  MnM view              246

12.1.3.4.1                Right to win           246

12.1.3.4.2                Strategic choices   246

12.1.3.4.3                Weaknesses and competitive threats 246

12.1.4      WEG      247

12.1.4.1  Business overview 247

12.1.4.2  Products/Solutions/Services offered 248

12.1.4.3  Recent developments           250

12.1.4.3.1                Deals      250

12.1.4.3.2                Expansions             251

12.1.4.4  MnM view              251

12.1.4.4.1                Right to win           251

12.1.4.4.2                Strategic choices   252

12.1.4.4.3                Weaknesses and competitive threats 252

12.1.5      HUNTSMAN INTERNATIONAL LLC           253

12.1.5.1  Business overview 253

12.1.5.2  Products/Solutions/Services offered 254

12.1.5.3  Recent developments           255

12.1.5.3.1                Expansions             255

12.1.5.4  MnM view              255

12.1.5.4.1                Right to win           255

12.1.5.4.2                Strategic choices   256

12.1.5.4.3                Weaknesses and competitive threats 256

12.1.6      WEIDMANN ELECTRICAL TECHNOLOGY AG       257

12.1.6.1  Business overview 257

12.1.6.2  Products/Solutions/Services offered 257

12.1.6.3  MnM view              261

12.1.6.3.1                Right to win           261

12.1.6.3.2                Strategic choices   261

12.1.6.3.3                Weaknesses and competitive threats 261

12.1.7      KREMPEL GMBH               262

12.1.7.1  Business overview 262

12.1.7.2  Products/Solutions/Services offered 262

12.1.7.3  Recent developments           264

12.1.7.3.1                Deals      264

12.1.7.4  MnM view              265

12.1.7.4.1                Right to win           265

12.1.7.4.2                Strategic choices   265

12.1.7.4.3                Weaknesses and competitive threats 265

12.1.8      AHLSTROM         266

12.1.8.1  Business overview 266

12.1.8.2  Products/Solutions/Services offered 267

12.1.8.3  MnM view              269

12.1.9      DELFORTGROUP AG      270

12.1.9.1  Business overview 270

12.1.9.2  Products/Solutions/Services offered 271

12.1.9.3  MnM view              272

12.1.10   NORDIC PAPER 273

12.1.10.1                 Business overview 273

12.1.10.2                 Products/Solutions/Services offered 274

12.1.10.3                 MnM view              275

12.1.11   TOMOEGAWA CORPORATION   276

12.1.11.1                 Business overview 276

12.1.11.2                 Products/Solutions/Services offered 277

12.1.11.3                 MnM view              278

12.1.12   ALTANA AG        279

12.1.12.1                 Business overview 279

12.1.12.2                 Products/Solutions/Services offered 280

12.1.12.3                 Recent developments           282

12.1.12.3.1             Deals      282

12.1.12.4                 MnM view              282

12.2         OTHER PLAYERS              283

12.2.1      ADITYA BIRLA INSULATORS       283

12.2.2      MIKI TOKUSHU PAPER MFG.CO., LTD.   284

12.2.3      COTTRELL PAPER COMPANY     285

12.2.4      YANTAI METASTAR SPECIAL PAPER CO., LTD.   286

12.2.5      SUI ON COMPOSITE MATERIALS (SHENZHEN) CO., LTD                 287

12.2.6      NEOFLEX INDUSTRIES LLP          288

12.2.7      THE GUND COMPANY   289

12.2.8      ZTELEC                 290

12.2.9      XAMAX INDUSTRIES, INC.            291

12.2.10   HANGZHOU HECHENG INDUSTRIAL CO., LTD   292

12.2.11   SUZERAIN INSULATORS                293

12.2.12   SICHUAN EM TECHNOLOGY CO., LTD. (EMT)    294

12.2.13   PUCARO ELECTRICAL INSULATION GMBH          295

12.2.14   GOVIK INDUSTRIES PRIVATE LIMITED  296

12.2.15   AXALTA COATING SYSTEMS, LLC             297

12.2.16   HENAN YAAN ELECTRICAL INSULATION MATERIAL PLANT CO., LTD.              298

13            APPENDIX           299

13.1         DISCUSSION GUIDE        299

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                302

13.3         CUSTOMIZATION OPTIONS        304

13.4         RELATED REPORTS         304

13.5         AUTHOR DETAILS           305

LIST OF TABLES

TABLE 1                LIST OF KEY SECONDARY SOURCES        30

TABLE 2                LIST OF STANDARDS AND REGULATIONS FOR TRANSFORMER INSULATION     49

TABLE 3                TRANSFORMER INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           53

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES (%)         56

TABLE 5                KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES       57

TABLE 6                PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2021–2030         58

TABLE 7                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             65

TABLE 8                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 66

TABLE 9                ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 67

TABLE 10              IMPORT SCENARIO FOR HS CODE 854690-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD MILLION)               68

TABLE 11              EXPORT SCENARIO FOR HS CODE 854690-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD MILLION)               69

TABLE 12              ROLE OF COMPANIES IN TRANSFORMER INSULATION ECOSYSTEM            71

TABLE 13              AVERAGE SELLING PRICE TREND OF TRANSFORMER INSULATION,

BY REGION, (USD/KG), 2022–2024 (USD/KG)        77

TABLE 14              AVERAGE SELLING PRICE OF TRANSFORMER INSULATION AMONG KEY PLAYERS, BY END-USE INDUSTRY (USD/KG)            78

TABLE 15              TRANSFORMER INSULATION MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026        79

TABLE 16              TOP 10 PATENT OWNERS, 2015–2024        83

TABLE 17              US-ADJUSTED RECIPROCAL TARIFF RATES                 85

TABLE 18              TRANSFORMER INSULATION MARKET, BY MATERIAL, 2022–2024 (KILOTON)             93

TABLE 19              TRANSFORMER INSULATION MARKET, BY MATERIAL, 2025–2030 (KILOTON)             94

TABLE 20              TRANSFORMER INSULATION MARKET, BY MATERIAL, 2022–2024 (USD MILLION)    94

TABLE 21              TRANSFORMER INSULATION MARKET, BY MATERIAL, 2025–2030 (USD MILLION)    94

TABLE 22             TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (KILOTON)     101

TABLE 23             TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON)     102

TABLE 24             TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (USD MILLION)            102

TABLE 25             TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (USD MILLION)            102

TABLE 26              TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     108

TABLE 27              TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     108

TABLE 28              TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            109

TABLE 29              TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            109

TABLE 30              TRANSFORMER INSULATION MARKET, BY REGION, 2022–2024 (KILOTON)  117

TABLE 31              TRANSFORMER INSULATION MARKET, BY REGION, 2025–2030 (KILOTON)  117

TABLE 32              TRANSFORMER INSULATION MARKET, BY REGION, 2022–2024 (USD MILLION)          117

TABLE 33              TRANSFORMER INSULATION MARKET, BY REGION, 2025–2030 (USD MILLION)          118

TABLE 34              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (KILOTON)     119

TABLE 35              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (KILOTON)     119

TABLE 36              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            120

TABLE 37              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            120

TABLE 38              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (KILOTON)     120

TABLE 39              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (KILOTON)     120

TABLE 40              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            121

TABLE 41              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            121

TABLE 42              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (KILOTON)              121

TABLE 43              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON)              121

TABLE 44              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (USD MILLION)     122

TABLE 45              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (USD MILLION)     122

TABLE 46              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 122

TABLE 47              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 123

TABLE 48              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 123

TABLE 49              NORTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 124

TABLE 50              US: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)         125

TABLE 51              US: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)         125

TABLE 52              US: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION) 126

TABLE 53              US: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 126

TABLE 54              CANADA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     127

TABLE 55              CANADA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     128

TABLE 56              CANADA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            128

TABLE 57              CANADA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            129

TABLE 58             MEXICO: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     130

TABLE 59             MEXICO: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     130

TABLE 60             MEXICO: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            131

TABLE 61             MEXICO: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            131

TABLE 62             EUROPE: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2022–2024 (KILOTON)       133

TABLE 63             EUROPE: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2025–2030 (KILOTON)       133

TABLE 64             EUROPE: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            133

TABLE 65             EUROPE: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            134

TABLE 66             EUROPE: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2022–2024 (KILOTON)      134

TABLE 67             EUROPE: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2025–2030 (KILOTON)      134

TABLE 68             EUROPE: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            134

TABLE 69             EUROPE: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            135

TABLE 70             EUROPE: TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (KILOTON) 135

TABLE 71             EUROPE: TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON) 135

TABLE 72             EUROPE: TRANSFORMER INSULATION MARKET, BY TYPE

2022–2024 (USD MILLION)            135

TABLE 73             EUROPE: TRANSFORMER INSULATION MARKET, BY TYPE,

2025–2030 (USD MILLION)            136

TABLE 74             EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     136

TABLE 75             EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     137

TABLE 76             EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            137

TABLE 77             EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            138

TABLE 78              GERMANY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     139

TABLE 79              GERMANY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     139

TABLE 80              GERMANY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            140

TABLE 81              GERMANY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            140

TABLE 82              FRANCE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     141

TABLE 83              FRANCE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     142

TABLE 84              FRANCE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            142

TABLE 85              FRANCE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            143

TABLE 86              UK: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     144

TABLE 87              UK: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)  144

TABLE 88              UK: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            145

TABLE 89              UK: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            145

TABLE 90              ITALY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     146

TABLE 91              ITALY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     147

TABLE 92              ITALY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            147

TABLE 93              ITALY: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            148

TABLE 94              SPAIN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     149

TABLE 95              SPAIN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     149

TABLE 96              SPAIN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            150

TABLE 97              SPAIN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)          150

TABLE 98              REST OF EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 151

TABLE 99              REST OF EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 152

TABLE 100            REST OF EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 152

TABLE 101            REST OF EUROPE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 153

TABLE 102            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (KILOTON)     154

TABLE 103            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (KILOTON)     155

TABLE 104            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            155

TABLE 105            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            155

TABLE 106            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (KILOTON)     156

TABLE 107            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (KILOTON)     156

TABLE 108            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (USD MILLION)            156

TABLE 109            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            156

TABLE 110            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY TYPE

2022–2024 (KILOTON)     157

TABLE 111            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY TYPE,

2025–2030 (KILOTON)     157

TABLE 112            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY TYPE

2022–2024 (USD MILLION)            157

TABLE 113            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY TYPE,

2025–2030 (USD MILLION)            158

TABLE 114            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 158

TABLE 115            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 159

TABLE 116            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 159

TABLE 117            ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 160

TABLE 118            CHINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     161

TABLE 119            CHINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     161

TABLE 120            CHINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            162

TABLE 121            CHINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          162

TABLE 122            JAPAN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  163

TABLE 123            JAPAN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  164

TABLE 124            JAPAN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)          164

TABLE 125            JAPAN: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          165

TABLE 126            INDIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)  166

TABLE 127            INDIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)  167

TABLE 128            INDIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)          167

TABLE 129            INDIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          168

TABLE 130            AUSTRALIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     169

TABLE 131            AUSTRALIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     169

TABLE 132            AUSTRALIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            170

TABLE 133            AUSTRALIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            170

TABLE 134            REST OF ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)         171

TABLE 135            REST OF ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)         172

TABLE 136            REST OF ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            172

TABLE 137            REST OF ASIA PACIFIC: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            173

TABLE 138            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2022–2024 (KILOTON)                 174

TABLE 139            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2025–2030 (KILOTON)                 174

TABLE 140            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2022–2024 (USD MILLION)                 174

TABLE 141            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION)                 175

TABLE 142            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2022–2024 (KILOTON)                 175

TABLE 143            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2025–2030 (KILOTON)                 175

TABLE 144            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2022–2024 (USD MILLION)                 175

TABLE 145            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY MATERIAL, 2025–2030 (USD MILLION)                 176

TABLE 146            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY TYPE

2022–2024 (KILOTON)     176

TABLE 147            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY TYPE,

2025–2030 (KILOTON)     176

TABLE 148            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY TYPE

2022–2024 (USD MILLION)            177

TABLE 149            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY TYPE,

2025–2030 (USD MILLION)            177

TABLE 150            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)         177

TABLE 151            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)         178

TABLE 152            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            178

TABLE 153            MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            179

TABLE 154            SAUDI ARABIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 180

TABLE 155            SAUDI ARABIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 181

TABLE 156            SAUDI ARABIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 181

TABLE 157            SAUDI ARABIA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 182

TABLE 158            UAE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     183

TABLE 159            UAE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     183

TABLE 160            UAE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            184

TABLE 161            UAE: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            184

TABLE 162            REST OF GCC COUNTRIES: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)         185

TABLE 163            REST OF GCC COUNTRIES: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)         185

TABLE 164            REST OF GCC COUNTRIES: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            186

TABLE 165            REST OF GCC COUNTRIES: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            186

TABLE 166            SOUTH AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 187

TABLE 167            SOUTH AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 188

TABLE 168            SOUTH AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 188

TABLE 169            SOUTH AFRICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 189

TABLE 170            REST OF MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET,

BY END-USE INDUSTRY, 2022–2024 (KILOTON)  190

TABLE 171            REST OF MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET,

BY END-USE INDUSTRY, 2025–2030 (KILOTON)  190

TABLE 172            REST OF MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET,

BY END-USE INDUSTRY, 2022–2024 (USD MILLION)          191

TABLE 173            REST OF MIDDLE EAST & AFRICA: TRANSFORMER INSULATION MARKET,

BY END-USE INDUSTRY, 2025–2030 (USD MILLION)          191

TABLE 174            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (KILOTON)     192

TABLE 175            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (KILOTON)     192

TABLE 176            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2022–2024 (USD MILLION)            193

TABLE 177            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            193

TABLE 178            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (KILOTON)     193

TABLE 179            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (KILOTON)     193

TABLE 180            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2022–2024 (USD MILLION)          194

TABLE 181            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY MATERIAL,

2025–2030 (USD MILLION)            194

TABLE 182            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (KILOTON)               194

TABLE 183            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON)              194

TABLE 184            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION)      195

TABLE 185            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (USD MILLION)     195

TABLE 186            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                 195

TABLE 187            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                 196

TABLE 188            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)                 196

TABLE 189            SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)                 197

TABLE 190            BRAZIL: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     198

TABLE 191            BRAZIL: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     198

TABLE 192            BRAZIL: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            199

TABLE 193            BRAZIL: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)          199

TABLE 194            ARGENTINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     200

TABLE 195            ARGENTINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     201

TABLE 196            ARGENTINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            201

TABLE 197            ARGENTINA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            202

TABLE 198            REST OF SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)         202

TABLE 199            REST OF SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)         203

TABLE 200            REST OF SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            203

TABLE 201            REST OF SOUTH AMERICA: TRANSFORMER INSULATION MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            204

TABLE 202            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN TRANSFORMER INSULATION MATERIAL MARKET BETWEEN 2023 AND 2025               205

TABLE 203            TRANSFORMER INSULATION MATERIAL MARKET: DEGREE OF COMPETITION    211

TABLE 204            TRANSFORMER INSULATION MATERIAL MARKET: REGION FOOTPRINT 218

TABLE 205            TRANSFORMER INSULATION MATERIAL MARKET: MATERIAL TYPE FOOTPRINT 219

TABLE 206            TRANSFORMER INSULATION MATERIAL MARKET: APPLICATION FOOTPRINT     219

TABLE 207            TRANSFORMER INSULATION MATERIAL MARKET: END-USE INDUSTRY FOOTPRINT         220

TABLE 208            TRANSFORMER INSULATION MATERIAL MARKET: KEY STARTUPS/SMES 223

TABLE 209            TRANSFORMER INSULATION MATERIAL MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES                 224

TABLE 210            TRANSFORMER INSULATION MATERIAL MARKET: PRODUCT LAUNCHES,

JANUARY 2023–AUGUST 2025       225

TABLE 211            TRANSFORMER INSULATION MATERIAL MARKET: DEALS,

JANUARY 2023–AUGUST 2025       226

TABLE 212            TRANSFORMER INSULATION MATERIAL MARKET: EXPANSIONS,

JANUARY 2023–AUGUST 2025       227

TABLE 213            DUPONT: COMPANY OVERVIEW               229

TABLE 214            DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED             230

TABLE 215            3M: COMPANY OVERVIEW           236

TABLE 216            3M: PRODUCTS/SOLUTIONS/SERVICES OFFERED             237

TABLE 217            HITACHI ENERGY LTD: COMPANY OVERVIEW                 240

TABLE 218            HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 219            HITACHI ENERGY LTD: PRODUCT LAUNCHES, JANUARY 2023–AUGUST 2025       245

TABLE 220            HITACHI ENERGY LTD: EXPANSIONS, JANUARY 2023–AUGUST 2025           245

TABLE 221            WEG: COMPANY OVERVIEW       247

TABLE 222            WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED             248

TABLE 223            WEG: DEALS, JANUARY 2023–AUGUST 2025                 250

TABLE 224            WEG: EXPANSIONS, JANUARY 2023–AUGUST 2025        251

TABLE 225            HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW          253

TABLE 226            HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    254

TABLE 227            HUNTSMAN INTERNATIONAL LLC: EXPANSIONS, JANUARY 2023–AUGUST 2025          255

TABLE 228            WEIDMANN ELECTRICAL TECHNOLOGY AG: COMPANY OVERVIEW   257

TABLE 229            WEIDMANN ELECTRICAL TECHNOLOGY AG:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    257

TABLE 230            KREMPEL GMBH: COMPANY OVERVIEW                 262

TABLE 231            KREMPEL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    262

TABLE 232            KREMPEL GMBH: DEALS, JANUARY 2020–AUGUST 2025     264

TABLE 233            AHLSTROM: COMPANY OVERVIEW         266

TABLE 234            AHLSTROM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             267

TABLE 235            DELFORTGROUP AG: COMPANY OVERVIEW                 270

TABLE 236            DELFORTGROUP AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    271

TABLE 237            NORDIC PAPER: COMPANY OVERVIEW 273

TABLE 238            NORDIC PAPER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    274

TABLE 239            TOMOEGAWA CORPORATION: COMPANY OVERVIEW          276

TABLE 240            TOMOEGAWA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    277

TABLE 241            ALTANA AG: COMPANY OVERVIEW         279

TABLE 242            ALTANA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    280

TABLE 243            ALTANA AG: DEALS, JANUARY 2023–AUGUST 2025        282

TABLE 244            ADITYA BIRLA INSULATORS: COMPANY OVERVIEW          283

TABLE 245            MIKI TOKUSHU PAPER MFG.CO., LTD.: COMPANY OVERVIEW   284

TABLE 246            COTTRELL PAPER COMPANY: COMPANY OVERVIEW          285

TABLE 247            YANTAI METASTAR SPECIAL PAPER CO., LTD.: COMPANY OVERVIEW   286

TABLE 248            SUI ON COMPOSITE MATERIALS (SHENZHEN) CO., LTD: COMPANY OVERVIEW               287

TABLE 249            NEOFLEX INDUSTRIES LLP: COMPANY OVERVIEW          288

TABLE 250            THE GUND COMPANY: COMPANY OVERVIEW                 289

TABLE 251            ZTELEC: COMPANY OVERVIEW 290

TABLE 252            XAMAX INDUSTRIES, INC.: COMPANY OVERVIEW          291

TABLE 253            HANGZHOU HECHENG INDUSTRIAL CO., LTD: COMPANY OVERVIEW   292

TABLE 254            SUZERAIN INSULATORS: COMPANY OVERVIEW                 293

TABLE 255            SICHUAN EM TECHNOLOGY CO., LTD. (EMT): COMPANY OVERVIEW   294

TABLE 256            PUCARO ELECTRICAL INSULATION GMBH: COMPANY OVERVIEW   295

TABLE 257            GOVIK INDUSTRIES PRIVATE LIMITED: COMPANY OVERVIEW   296

TABLE 258            AXALTA COATING SYSTEMS, LLC: COMPANY OVERVIEW          297

TABLE 259            HENAN YAAN ELECTRICAL INSULATION MATERIAL PLANT CO., LTD.:

COMPANY OVERVIEW   298

LIST OF FIGURES

FIGURE 1              TRANSFORMER INSULATION MARKET SEGMENTATION AND REGIONAL SCOPE              26

FIGURE 2              TRANSFORMER INSULATION MARKET: RESEARCH DESIGN         29

FIGURE 3              TRANSFORMER INSULATION MARKET: BOTTOM-UP APPROACH              33

FIGURE 4              TRANSFORMER INSULATIONS MARKET: TOP-DOWN APPROACH          34

FIGURE 5              MARKET SIZE ESTIMATION: TRANSFORMER INSULATION

MARKET TOP-DOWN APPROACH             34

FIGURE 6              DEMAND-SIDE FORECAST PROJECTIONS                 35

FIGURE 7              TRANSFORMER INSULATION MARKET: DATA TRIANGULATION             36

FIGURE 8              SOLID INSULATION MATERIAL TO DOMINATE MARKET DURING FORECAST PERIOD    40

FIGURE 9              LIQUID-FILLED TRANSFORMERS DOMINATE TRANSFORMER INSULATION MARKET DURING FORECAST PERIOD                40

FIGURE 10            POWER END-USE INDUSTRY TO LEAD TRANSFORMER INSULATION MARKET DURING FORECAST PERIOD                41

FIGURE 11            ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    42

FIGURE 12            INCREASE IN DEMAND FOR TRANSFORMER INSULATION IN ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS              43

FIGURE 13            SOLID INSULATION MATERIAL SEGMENT TO HOLD MAJOR MARKET SHARE IN 2030    43

FIGURE 14            LIQUID-FILLED TRANSFORMERS SEGMENT TO DOMINATE MARKET IN 2030       44

FIGURE 15            ELECTRICAL UTILITIES SEGMENT TO LEAD MARKET IN 2030                44

FIGURE 16            INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         45

FIGURE 17            TRANSFORMER INSULATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 46

FIGURE 18            TRANSFORMER INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           53

FIGURE 19            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDUSTRIES 56

FIGURE 20            KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES       57

FIGURE 21            TRANSFORMER INSULATION MARKET: VALUE CHAIN ANALYSIS              59

FIGURE 22            IMPORT DATA FOR HS CODE 854690-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION)            68

FIGURE 23            EXPORT DATA RELATED TO HS CODE 854690-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION)            69

FIGURE 24            TRANSFORMER INSULATION MARKET: ECOSYSTEM ANALYSIS  70

FIGURE 25            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   72

FIGURE 26            AVERAGE SELLING PRICE TREND OF TRANSFORMER INSULATION, BY REGION, 2022–2024 (USD/KG)                 77

FIGURE 27            AVERAGE SELLING PRICE OF TRANSFORMER INSULATION OFFERED BY KEY PLAYERS, BY END-USE INDUSTRY, 2024 (USD/KG)           78

FIGURE 28            TRANSFORMER INSULATION MARKET: PATENTS APPLIED AND GRANTED,

2015–2024              81

FIGURE 29            LEGAL STATUS OF PATENTS, 2015–2024 82

FIGURE 30            TOP JURISDICTION, BY DOCUMENT, 2015–2024                 82

FIGURE 31            TOP 10 PATENT APPLICANTS, 2015–2024                 83

FIGURE 32            INVESTMENT AND FUNDING SCENARIO, 2021–2024 (USD MILLION)       84

FIGURE 33            SOLID INSULATION TO BE LARGER MATERIAL SEGMENT DURING

FORECAST PERIOD         93

FIGURE 34            LIQUID-FILLED TRANSFORMERS TO BE LARGER TYPE OF TRANSFORMER INSULATION DURING FORECAST PERIOD                101

FIGURE 35            POWER INDUSTRY TO BE LARGEST END-USE INDUSTRY OF TRANSFORMER INSULATION DURING FORECAST PERIOD                107

FIGURE 36            INDIA TO BE FASTEST-GROWING MARKET FOR TRANSFORMER INSULATION DURING FORECAST PERIOD                 116

FIGURE 37            NORTH AMERICA: TRANSFORMER INSULATION MARKET SNAPSHOT       119

FIGURE 38            EUROPE: TRANSFORMER INSULATION MARKET SNAPSHOT          132

FIGURE 39            ASIA PACIFIC: TRANSFORMER INSULATION MARKET SNAPSHOT       154

FIGURE 40            REVENUE ANALYSIS OF KEY COMPANIES IN TRANSFORMER INSULATION MATERIAL MARKET, 2022–2024                 210

FIGURE 41            SHARES OF TOP FIVE COMPANIES IN TRANSFORMER INSULATION MATERIAL MARKET, 2024 211

FIGURE 42            VALUATION OF KEY COMPANIES IN TRANSFORMER INSULATION MATERIAL MARKET, 2024 213

FIGURE 43            FINANCIAL METRICS OF KEY COMPANIES IN TRANSFORMER INSULATION MATERIAL MARKET, 2024 213

FIGURE 44            TRANSFORMER INSULATION MATERIAL MARKET: BRAND/PRODUCT COMPARISON         214

FIGURE 45            TRANSFORMER INSULATION MATERIAL MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024                 216

FIGURE 46            TRANSFORMER INSULATION MATERIAL MARKET: COMPANY FOOTPRINT             217

FIGURE 47            TRANSFORMER INSULATION MATERIAL MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024        222

FIGURE 48            DUPONT: COMPANY SNAPSHOT              230

FIGURE 49            3M: COMPANY SNAPSHOT           236

FIGURE 50            HITACHI ENERGY LTD: COMPANY SNAPSHOT                 241

FIGURE 51            WEG: COMPANY SNAPSHOT       248

FIGURE 52            HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT          254

FIGURE 53            AHLSTROM: COMPANY SNAPSHOT         267

FIGURE 54            DELFORTGROUP AG: COMPANY SNAPSHOT                 270

FIGURE 55            NORDIC PAPER: COMPANY SNAPSHOT 274

FIGURE 56            TOMOEGAWA CORPORATION: COMPANY SNAPSHOT          277

FIGURE 57            ALTANA AG: COMPANY SNAPSHOT         280