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Strong Competition from Substitute Products
Electrical power supply industries have been profiting highly from the electrotechnical paper. The electrotechnical paper market is a central part of sustainable energy supply, while the paper that the glass producers use is very thin and in few cases it is reused a several times, therefore diminishing the manufacturing footprint. The paper must be entirely free of charged ions and chemicals. In abrasive backings, new environment-friendly materials are replacing old impregnating agents over time and substance mix reflections to reduce misuse are an integral part of the electrotechnical paper market. Electrotechnical papers provide insulation to the electrically conducting materials, thereby preventing accidental electrical shocks. Increasing globalization and urbanization has induced significant changes in consumer lifestyle across the globe influencing electrotechnical paper market. Awareness and arrangements have been made to supply electricity in the most remote areas of the countries, thus, driving the market for electrotechnical paper towards growth.
However, there are several substitute products that are often preferred by the consumers instead of electrotechnical paper that are considered more durable and reliable than electrotechnical papers, such as plastic wire covering and insulations. These products provide considerable competition to the electrotechnical paper market and further provide a hindrance to the electrotechnical market growth.
Electrotechnical Papers to Penetrate Heavily In Cable Insulation Applications
Electrotechnical papers market is segmented on the basis of product type, application and region. The electrotechnical paper product types include presspaper, diamond dotted presspaper, presspaper with polyester film, crepe paper, and aluminum crepe paper. Presspaper can be further classified into, grade K, grade 3, Grade 4, grade K (T/U). Similarly, diamond dotted presspaper can be classified as grade 3 diamond dotted presspaper, grade K T/U diamond dotted presspaper. By application, the electrotechnical papers market is categorized into, cable paper, high voltage power cable paper, capacitor tissue, Transformer board and others. The penetration of electrotechnical papers in cable paper application is very high as compared to other industries. Transformer board also deploys a wide range of electrotechnical papers among other applications.
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Developing Economies to Continue Dominance
In terms of regions, the electrotechnical papers market has been broadly divided into seven regions, namely, North America, South America, Europe, CIS and Russia, Japan, APEJ and MEA. Despite the concentration of players in North America, electrotechnical papers manufacturers are primarily concentrated in Asian countries, mostly China. Focus on energy efficiency, electricity conservation awareness and increased penetration of automation are the key factors driving the market for electrotechnical papers in the APEJ region. The Chinese and Indian electrical supply sector is exhibiting robust growth in the region. The manufacturers have inclined towards electrotechnical papers for increased electrical safety and prevention from hazardous situations. The inexpensive labor and the new labor laws have also supported the manufacturing industry, providing a large market for electrotechnical papers in the region. Apart from APEJ, North America and Europe are also anticipated to depict growth in the upcoming years in the electrotechnical papers market. Some of the key market players in the electrotechnical papers market are Ahlstrom-Munksjö, Glatfelter, Delfort Group, Weidmann Electrical Technology AG, EIS Inc., ASTM, Miki Tokushu Paper MFG.CO., Ltd., Cottrell Paper Company, Fralock Innovative Materials Manufacturing & Automation, Edison Tech Center and other prominent players.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
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