Global Calendered Insulating Paper Market - 2023-2030

Overview

Global Calendered Insulating Paper Market reached US$ 115.2 million in 2022 and is expected to reach US$ 165.5 million by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.

The market is showing a discernible trend toward the use of renewable and sustainable materials. Calendered insulating paper is in line with the growing focus on sustainability across sectors since it is manufactured from renewable resources and has recyclable qualities. In response to the expectations of environmentally concerned customers and companies, manufacturers are putting more effort into creating and promoting beneficial insulating products.

The market for calendered insulating paper is greatly impacted by the automobile industry's transition toward electric vehicles (EVs). The need for insulating materials in EV components like batteries and charging systems is rising as nations and manufacturers make investments in electric transportation. Essential insulation for the effective and secure functioning of electric cars is provided by calendered insulating paper.

Asia-Pacific is among the growing regions in the global calendered insulating paper market covering more than 1/3rd of the market. The market for calendered insulating paper is significantly influenced by the thriving automotive industry in Asia-Pacific, which is fueled by increasing incomes and urbanization. The substance is essential for some uses in both conventional and electric cars, supporting the rising need for sustainable mobility options.

Dynamics

Increasing Demand for Electrical and Electronics Applications

The increasing demand for electrical and electronics applications is a key factor driving the global calendered insulating paper market. Effective electrical insulating materials are becoming more and more necessary due to the speed at which technology is developing and the widespread use of electronic gadgets. Calendered insulating paper is widely used in the production of transformers, motors, generators and other electrical components because of its exceptional dielectric qualities and insulation capabilities.

For Instance, in 2023, Ahlstrom started production of novel, calendered and embossed synthetic filter media at its Huyn-Poong plant in South Korea. The materials offer an extended filter lifetime and lower flow restriction due to increased surface area, making them a more sustainable option compared to alternatives. The move aligns with Ahlstrom's commitment to environmentally friendly solutions and improved performance in filtration applications.

Increase of Infrastructure for Renewable Energy

The market for calendered insulating paper is largely driven by the globally movement toward renewable and sustainable energy sources. Reliable insulating materials are becoming more and more in demand for use in solar panels, wind turbines and other green energy applications as nations invest in renewable energy infrastructure. The renewable energy systems are a good fit for calendered insulating paper because of their superior electrical insulation qualities.

For Instance, in 2020, DuPont, the producer of Nomex, expanded its global capacity for DuPont Nomex paper in collaboration with Nippon Paper Papylia. The manufacturing facility, located in Yufutsu, Japan, aims to enhance the supply chain for aerospace, automotive and electrical infrastructure markets, with commercial production starting in 2021. The joint venture underscores DuPont's commitment to meeting the rising demand for Nomex paper and ensuring a reliable and sustained supply for critical industries.

High Cost of Raw Material

The price volatility of raw materials is a major factor limiting the global market for calendered insulating paper. Certain types of paper and coatings are needed in the production of calendered insulating paper and changes in the price of these raw materials might affect the cost of production. Prices for raw materials can rise suddenly and unexpectedly due to a variety of factors, including shifts in the price of pulp, interruptions in the supply chain and developments in geopolitics.

The volatility may put pressure on profit margins, which could hinder market expansion and provide difficulties for producers in terms of maintaining consistent prices for their products. To minimize the effects of changes in raw material prices and preserve their competitiveness in the market, businesses in this sector frequently have to put into place efficient supply chain management techniques.

Regulations Involving the Environment and Sustainability

The global calendered insulating paper market is restricted by the growing focus on sustainability and environmental restrictions. Manufacturers have to employ sustainable practices as more and more governments throughout the world impose stricter environmental regulations. As other products in the paper and pulp business, calendered insulating paper is scrutinized for its environmental effect, particularly if it uses non-renewable resources or methods that have a large carbon footprint.

Adherence to environmental rules may require modifications to production methods or materials, which might result in higher expenses for enterprises. Manufacturers of calendered insulating paper may find it difficult to adjust to shifting consumer tastes and hold onto market share if there is an increase in demand for alternative insulation materials that are less harmful to the environment or more sustainable.

Segment Analysis

The global calendered insulating paper market is segmented based on type, product, application and region.

Expanding Motor Vehicle Manufacturing in Automotive Industry

The organic insulating paper segment is among the growing regions in the global calendered insulating paper market covering more than 1/3rd of the market. The demand for organic insulating paper is driving the expansion of the globally calendered insulating paper market, which is also being affected by the increased focus on sustainability. There is a discernible movement toward eco-friendly materials as ecological awareness grows throughout the world's businesses.

The is in line with the growing trend of organic insulating paper made from sustainable resources like wood pulp or other natural fibers. Organic insulating paper is becoming a more popular choice among manufacturers since it provides superior electrical insulation qualities and is a more environmentally friendly option than conventional materials. The growing focus on social responsibility is driving the market for the calendered insulating paper to grow globally.

Geographical Penetration

Growing Increasing Manufacturing of Electric Cars and Electrical Insulating Materials in Asia-Pacific

Asia-Pacific has been a dominant force in the global calendered insulating paper market. The globally calendered insulating paper market has experienced incredible development, with the Asia-Pacific playing a major role in this expansion. Electrical infrastructure is becoming more and more in demand as a result of the Asia-Pacific growing industrialization and urbanization.

The need for premium insulating materials, such as calendered insulating paper, in transformers, generators and other electrical components is rising in tandem with national investments in extending their capacity for power generation and distribution. Calendered insulating paper market growth is fueled by this spike in infrastructure projects.

The growing market development in Asia-Pacific is mostly due to the increasing acceptance of electric cars (EVs). The increased manufacturing of electric cars, driven by governments demanding greener transportation options, has raised the demand for sophisticated electrical insulating materials. Several parts of electric cars, such as the batteries and charging systems, use calendered insulating paper.

In the Asia-Pacific, calendered insulating paper is in high demand due to the expanding automotive sector and a move toward green and energy-efficient technology. The market is growing as a result of the continuous innovations and technical advances in the electrical and electronics industries. Reliable electrical insulating materials are becoming increasingly important due to the growing consumer electronics industry and rising demand for innovative devices.

COVID-19 Impact Analysis

The global COVID-19 pandemic has had a notable effect on a multitude of businesses, including the calendered insulating paper market. Global supply networks were thrown off balance by the epidemic, creating logistical difficulties and raw material shortages. Calendered insulating paper production was impacted by temporary closures or decreased capabilities of manufacturing facilities as a result of lockdowns and limitations.

Further affecting the market dynamics were projects that were postponed in sectors like manufacturing and construction, as well as a decline in the demand for certain items. The increasing prevalence of remote work has led to changes in consumer behavior in the market, which has affected the demand for electronic gadgets and related components.

The demand for calendered insulating paper used in electrical applications was impacted by the change in priorities and uncertainty surrounding the economic recovery, which had an impact on infrastructure projects and investment decisions. Even though certain market sectors could have encountered difficulties, the post-pandemic environment for calendered insulating paper could provide new prospects for innovation.

Additionally, the growth is due to the growing emphasis on digitization and the adoption of sustainable practices in numerous industries. It is advised to consult recent industry studies and assessments that take into account the ongoing and changing effects of the COVID-19 epidemic for the most accurate and current information.

Russia-Ukraine War Impact Analysis

The price of calendrical insulating paper might be impacted by the conflict between Russia and Ukraine in some ways. The availability and price of raw materials that are essential for the creation of insulating paper might fluctuate as a result of supply chain interruptions brought on by trade restrictions, sanctions or geopolitical conflicts.

The conflict's wider economic ramifications, such as probable shifts in international trade routes and exchange rate variations, may also have an impact on consumer demand. Demand changes for a range of products and services, including infrastructure development and electrical equipment, may result from economic uncertainty and instability in the impacted countries.

The global calendered insulating paper market may change as a result of these variables taken together, affecting the dynamics of supply and demand. Seeking the most recent market reports and industry studies that take into account geopolitical events to the present day is advised for the most accurate and up-to-date information.

By Type

• Organic Insulating Paper
• Inorganic Insulating Paper

By Product

• Kraft Paper
• Nomex Paper
• Fish Paper
• Press Paper

By Application

• Electrical Insulation
• Transformer
• Transmission and Distribution
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On September 2, 2021, Ahlstrom-Munksjo has acquired of the electrotechnical paper business from KAMMERER, a German company. The strategic move expands Ahlstrom-Munksjo's electrotechnical paper offerings, particularly in semiconductor papers used for specialized applications like high-performance power cables and transformers. The acquisition reinforces Ahlstrom-Munksjo's commitment to providing advanced solutions in the electrical industry.

Competitive Landscape

The major global players in the market include DuPont de Nemours, Inc., 3M, Weidmann Electrical Technology AG, ABB Group, Ahlstrom-Munksjo, ISOVOLTA Group, Cottrell Paper Company, Hollingsworth & Vose Company, Kanzaki Specialty Papers Inc. and Laufenberg GmbH.

Why Purchase the Report?

• to visualize the global calendered insulating paper segmentation based on type, product, application and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of calendered insulating paper-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global calendered insulating paper report would provide approximately 61 tables, 58 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies