Table of Content

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 DRY TRANSFORMER INSULATION MARKET SEGMENTATION
AND REGIONAL SCOPE 26
1.3.2 INCLUSIONS AND EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 27
1.3.4 CURRENCY CONSIDERED 27
1.3.5 UNITS CONSIDERED 28
1.4 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 33
2.2 MARKET SIZE ESTIMATION 33
2.2.1 BOTTOM-UP APPROACH 34
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 & RISKS 38
3 EXECUTIVE SUMMARY 39
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN
DRY TRANSFORMER INSULATION MARKET 43
4.2 DRY TRANSFORMER INSULATION MARKET, BY TYPE 43
4.3 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 44
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4.4 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 44
4.5 DRY 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 installations in commercial and residential areas 47
5.2.1.2 Increasingly stringent safety and environmental regulations supporting sustainability and green building goals 47
5.2.1.3 Expansion of smart grid technologies 50
5.2.2 RESTRAINTS 51
5.2.2.1 High initial costs of dry transformer coatings 51
5.2.2.2 Thermal limitations of dry transformer coatings 51
5.2.3 OPPORTUNITIES 52
5.2.3.1 Advancements in coating technologies 52
5.2.3.2 Rapid expansion of renewable energy projects 52
5.2.4 CHALLENGES 53
5.2.4.1 Complex manufacturing and application processes 53
5.3 PORTER’S FIVE FORCES ANALYSIS 54
5.3.1 THREAT OF NEW ENTRANTS 55
5.3.2 THREAT OF SUBSTITUTES 55
5.3.3 BARGAINING POWER OF SUPPLIERS 55
5.3.4 BARGAINING POWER OF BUYERS 56
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 56
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 57
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 57
5.4.2 BUYING CRITERIA 58
5.5 MACROECONOMIC INDICATORS 59
5.5.1 GLOBAL GDP TRENDS 59
6 INDUSTRY TRENDS 61
6.1 INTRODUCTION 61
6.2 VALUE CHAIN ANALYSIS 61
6.3 REGULATORY LANDSCAPE 63
6.3.1 REGULATIONS 63
6.3.1.1 North America 63
6.3.1.2 Asia Pacific 63
6.3.1.3 Europe 64
6.3.2 STANDARDS 64
6.3.2.1 IEEE C57.12.01 – General requirements for dry-type distribution and power transformers 64
6.3.2.2 ISO 12944 – Paints and varnishes – corrosion protection of steel structures 65
6.3.2.3 ASTM D3359 – Standard test methods for measuring adhesion by tape test 65
6.3.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
6.4 TRADE ANALYSIS 67
6.4.1 IMPORT SCENARIO (HS CODE 850434) 67
6.4.2 EXPORT SCENARIO (HS CODE 850434) 68
6.5 ECOSYSTEM ANALYSIS 70
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
6.7 CASE STUDY ANALYSIS 72
6.7.1 EXTENDING TRANSFORMER LIFESPAN AND ENHANCING GRID RESILIENCE THROUGH ADVANCED PROTECTIVE COATINGS AMID SUPPLY CHALLENGES 72
6.8 TECHNOLOGY ANALYSIS 72
6.8.1 KEY TECHNOLOGIES 73
6.8.1.1 Epoxy resin coating 73
6.8.1.2 Nanocomposite coatings 73
6.8.2 COMPLEMENTARY TECHNOLOGIES 74
6.8.2.1 Vacuum Pressure Impregnation (VPI) 74
6.8.2.2 Surface preparation techniques 74
6.9 KEY CONFERENCES AND EVENTS, 2025–2026 75
6.10 PATENT ANALYSIS 75
6.10.1 METHODOLOGY 76
6.10.2 DOCUMENT TYPES 76
6.10.3 PUBLICATION TRENDS IN LAST 10 YEARS 77
6.10.4 INSIGHTS 77
6.10.5 LEGAL STATUS OF PATENTS 77
6.10.6 JURISDICTION ANALYSIS 78
6.10.7 TOP APPLICANTS 79
6.11 IMPACT OF AI/GEN AI ON DRY TRANSFORMER INSULATION MARKET 80
6.12 PRICING ANALYSIS 81
6.12.1 AVERAGE SELLING PRICE, BY REGION, 2022–2024 81
6.12.2 AVERAGE SELLING PRICE OF DRY TRANSFORMER INSULATION OF KEY PLAYERS, BY APPLICATION, 2024 81
6.12.3 AVERAGE SELLING PRICE TREND, BY TYPE, 2022–2024 82
6.13 IMPACT OF 2025 US TARIFF ON DRY TRANSFORMER INSULATION MARKET 82
6.13.1 KEY TARIFF RATES IMPACTING MARKET 82
6.13.2 PRICE IMPACT ANALYSIS 83
6.13.3 KEY IMPACTS ON VARIOUS REGIONS/COUNTRIES 83
6.13.4 IMPACT ON END-USE INDUSTRIES 84
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7 DRY TRANSFORMER INSULATION MARKET, BY TYPE 85
7.1 INTRODUCTION 86
7.2 COATINGS 89
7.2.1 DEMAND FOR SAFE AND EFFICIENT TRANSFORMER OPERATION TO DRIVE MARKET 89
7.2.2 ELECTRICAL INSULATION COATINGS 89
7.2.2.1 Protection against electrical leakage and enhanced electrical strength to boost market 89
7.2.2.2 Epoxy resin 90
7.2.2.3 Silicon 90
7.2.2.4 Varnish 90
7.2.2.5 Polyamide 91
7.2.2.6 Other electrical insulation coatings 91
7.2.3 FIRE-RESISTANT & THERMAL PROTECTION COATINGS 92
7.2.3.1 Demand for fire safety with reduced flame spread and protection of critical structures to boost growth 92
7.2.3.2 Epoxy resins 92
7.2.3.3 Other fire-resistant and thermal protection coatings 93
7.2.4 MOISTURE & ENVIRONMENTAL PROTECTION COATINGS 93
7.2.4.1 Resistance to environment, rain, dust, and temperature fluctuations to boost growth 93
7.3 SOLID INSULATORS 93
7.3.1 ENHANCED FIRE SAFETY, LOWER MAINTENANCE, AND IMPROVED SUSTAINABILITY TO PROPEL MARKET 93
7.3.2 ELECTRICAL INSULATION 94
7.3.2.1 Excellent dielectric properties to drive growth 94
7.3.2.2 Aramid paper 94
7.3.2.3 Epoxy resin encapsulated casing 95
7.3.2.4 Polyester film 95
7.3.2.5 Other electrical insulation 96
7.3.3 BUSHINGS & TERMINALS 96
7.3.3.1 Mechanical stability and excellent performance under electrical stress to fuel market 96
7.3.3.2 Epoxy resin bushings 96
7.3.3.3 Silicone rubber bushing 96
7.3.4 OTHER SOLID INSULATORS 97
8 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 98
8.1 INTRODUCTION 99
8.2 WINDINGS (COILS) 101
8.2.1 MINIMUM INDOOR FIRE RISK TO DRIVE MARKET 101
8.2.2 ENCAPSULATOR WINDINGS (HV & LV TERMINALS
(HIGH-VOLTAGE INSULATION) 101
8.2.3 OTHER WINDINGS 102
8.3 CORES 102
8.3.1 ENHANCED MAGNETIC EFFICIENCY AND LONGEVITY WITH INSULATED CORE LAMINATION TO BOOST MARKET 102
8.4 ENCLOSURES 103
8.4.1 SHIELDING TRANSFORMER INTEGRITY WITH PROTECTIVE AND FIRE-RESISTANT ENCLOSURES TO PROPEL GROWTH 103
8.5 BUSHINGS 103
8.5.1 ENSURING HIGH-VOLTAGE RELIABILITY THROUGH ADVANCED INSULATION TO FUEL GROWTH 103
8.6 SPACERS & SUPPORTERS 104
8.6.1 MAXIMIZING THERMAL PERFORMANCE WITH SPECIALIZED COOLING SURFACE COATINGS TO SUPPORT GROWTH 104
8.7 OTHER COMPONENTS 104
8.7.1 COOLING SURFACES 105
8.7.2 MECHANICAL & STRUCTURAL INSULATORS 105
8.7.3 OTHERS 105
9 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 106
9.1 INTRODUCTION 107
9.2 INDUSTRIAL 109
9.2.1 RAPID INDUSTRIALIZATION AND RISING INDUSTRIAL ACTIVITIES TO BOOST MARKET 109
9.3 COMMERCIAL 109
9.3.1 RISING DEMAND FOR HIGH SAFETY, ADAPTABILITY, AND ENERGY EFFICIENCY TO DRIVE MARKET 109
9.4 OTHER APPLICATIONS 110
10 DRY TRANSFORMER INSULATION MARKET, BY REGION 111
10.1 INTRODUCTION 112
10.2 NORTH AMERICA 114
10.2.1 US 121
10.2.1.1 Demand for energy-efficient, safe, and environmentally conscious power distribution solutions to drive market 121
10.2.2 CANADA 123
10.2.2.1 Increasing environmental regulations and infrastructural development to support market growth 123
10.2.3 MEXICO 124
10.2.3.1 High investments and low manufacturing costs to fuel demand 124
10.3 EUROPE 126
10.3.1 GERMANY 133
10.3.1.1 Increasing demand for compact, safe, and efficient transformers to drive market 133
10.3.2 FRANCE 135
10.3.2.1 Investments in green energy infrastructure to support market growth 135
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10.3.3 UK 136
10.3.3.1 Innovations, technological advancements, and investments to drive market 136
10.3.4 ITALY 138
10.3.4.1 Growing geriatric population and strong focus on research & innovation to fuel market 138
10.3.5 REST OF EUROPE 139
10.4 ASIA PACIFIC 141
10.4.1 CHINA 148
10.4.1.1 Shift toward renewable energy and electrification to support market 148
10.4.2 JAPAN 150
10.4.2.1 Infrastructure modernization and shift toward renewable energy sources to increase demand 150
10.4.3 INDIA 152
10.4.3.1 Environmental regulations and industrial expansion to fuel demand 152
10.4.4 SOUTH KOREA 153
10.4.4.1 Technological advancements and environmental factors to drive market 153
10.4.5 REST OF ASIA PACIFIC 155
10.5 MIDDLE EAST & AFRICA 156
10.5.1 GCC COUNTRIES 163
10.5.1.1 Saudi Arabia 165
10.5.1.1.1 Government initiatives to support market growth 165
10.5.1.2 UAE 166
10.5.1.2.1 Focus on infrastructure development and renewable energy integration to drive market 166
10.5.1.3 Rest of GCC countries 168
10.5.2 REST OF MIDDLE EAST & AFRICA 169
10.6 SOUTH AMERICA 171
10.6.1 BRAZIL 177
10.6.1.1 Rapid industrial development, urban expansion, and sustainable initiatives to drive market 177
10.6.2 ARGENTINA 178
10.6.2.1 Low-maintenance and eco-friendly power solutions to boost market 178
10.6.3 REST OF SOUTH AMERICA 179
11 COMPETITIVE LANDSCAPE 181
11.1 OVERVIEW 181
11.2 KEY PLAYER STRATEGIES, 2023–2025 181
11.3 REVENUE ANALYSIS 184
11.4 MARKET SHARE ANALYSIS, 2024 184
11.5 COMPANY VALUATION AND FINANCIAL METRICS 187
11.6 BRAND/PRODUCT COMPARISON ANALYSIS 189
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11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 190
11.7.1 STARS 190
11.7.2 EMERGING LEADERS 190
11.7.3 PERVASIVE PLAYERS 190
11.7.4 PARTICIPANTS 190
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 192
11.7.5.1 Company footprint 192
11.7.5.2 Region footprint 192
11.7.5.3 Type footprint 193
11.7.5.4 Component footprint 193
11.7.5.5 Application footprint 194
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 194
11.8.1 PROGRESSIVE COMPANIES 195
11.8.2 RESPONSIVE COMPANIES 195
11.8.3 DYNAMIC COMPANIES 195
11.8.4 STARTING BLOCKS 195
11.8.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2024 197
11.8.5.1 Detailed list of key startups/SMEs 197
11.8.5.2 Competitive benchmarking of key startups/SMEs 198
11.9 COMPETITIVE SCENARIO 199
11.9.1 OTHER DEVELOPMENTS 199
11.9.2 PRODUCT LAUNCHES 199
11.9.3 DEALS 200
11.9.4 EXPANSIONS 202
12 COMPANY PROFILES 204
12.1 KEY PLAYERS 204
12.1.1 3M 204
12.1.1.1 Business overview 204
12.1.1.2 Products/Solutions/Services offered 205
12.1.1.3 MnM view 207
12.1.1.3.1 Right to win 207
12.1.1.3.2 Strategic choices 207
12.1.1.3.3 Weaknesses and competitive threats 208
12.1.2 THE SHERWIN-WILLIAMS COMPANY 209
12.1.2.1 Business overview 209
12.1.2.2 Products/Services/Solutions offered 210
12.1.2.3 Recent developments 211
12.1.2.3.1 Deals 211
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12.1.2.4 MnM view 212
12.1.2.4.1 Right to win 212
12.1.2.4.2 Strategic choices 212
12.1.2.4.3 Weaknesses and competitive threats 212
12.1.3 PPG INDUSTRIES, INC. 213
12.1.3.1 Business overview 213
12.1.3.2 Products/Services/Solutions offered 214
12.1.3.3 Recent developments 216
12.1.3.3.1 Product launches 216
12.1.3.3.2 Expansions 216
12.1.3.3.3 Others 217
12.1.3.4 MnM view 218
12.1.3.4.1 Right to win 218
12.1.3.4.2 Strategic choices 218
12.1.3.4.3 Weaknesses and competitive threats 218
12.1.4 DUPONT 219
12.1.4.1 Business overview 219
12.1.4.2 Products/Solutions/Services offered 220
12.1.4.3 Recent developments 221
12.1.4.3.1 Others 221
12.1.4.4 MnM view 222
12.1.4.4.1 Right to win 222
12.1.4.4.2 Strategic choices 222
12.1.4.4.3 Weaknesses and competitive threats 222
12.1.5 WEG 223
12.1.5.1 Business overview 223
12.1.5.2 Products/Solutions/Services offered 224
12.1.5.3 Recent developments 225
12.1.5.3.1 Deals 225
12.1.5.3.2 Expansions 226
12.1.5.4 MnM view 227
12.1.5.4.1 Right to win 227
12.1.5.4.2 Strategic choices 227
12.1.5.4.3 Weaknesses and competitive threats 227
12.1.6 HUNTSMAN INTERNATIONAL LLC 228
12.1.6.1 Business overview 228
12.1.6.2 Products/Solutions/Services offered 229
12.1.6.3 Recent developments 230
12.1.6.3.1 Expansions 230
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12.1.6.4 MnM view 230
12.1.6.4.1 Right to win 230
12.1.6.4.2 Strategic choices 231
12.1.6.4.3 Weaknesses and competitive threats 231
12.1.7 ALTANA AG 232
12.1.7.1 Business overview 232
12.1.7.2 Products/Solutions/Services offered 233
12.1.7.3 Recent developments 236
12.1.7.3.1 Deals 236
12.1.7.4 MnM view 236
12.1.8 KREMPEL GMBH 237
12.1.8.1 Business overview 237
12.1.8.2 Products/Solutions/Services offered 237
12.1.8.3 Recent developments 239
12.1.8.3.1 Deals 239
12.1.8.4 MnM view 239
12.1.9 PUCARO ELECTRICAL INSULATION GMBH 240
12.1.9.1 Business overview 240
12.1.9.2 Products/Solutions/Services offered 240
12.1.9.3 MnM view 241
12.1.10 KANSAI ALTAN 242
12.1.10.1 Business overview 242
12.1.10.2 Products/Solutions/Services offered 242
12.1.10.3 MnM view 243
12.2 OTHER PLAYERS 244
12.2.1 ROYAL DIAMOND 244
12.2.2 ISOTEC 245
12.2.3 INDOKOTE 245
12.2.4 THE GUND COMPANY 246
12.2.5 HANGZHOU HECHENG INDUSTRIAL CO., LTD 247
12.2.6 GOVIK INDUSTRIES PRIVATE LIMITED 248
12.2.7 AXALTA COATING SYSTEMS, LLC 249
12.2.8 ZIGMA PAINTS 250
12.2.9 MG CHEMICALS 251
12.2.10 EPOXIES, ETC. 251
12.2.11 VON ROLL 252
12.2.12 TIKKURILA 253
12.2.13 MOMENTIVE 254
12.2.14 ORHUN KIMYA 255
12.2.15 WEATHER FIGHTER 256
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13 APPENDIX 257
13.1 DISCUSSION GUIDE 257
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 260
13.3 CUSTOMIZATION OPTIONS 262
13.4 RELATED REPORTS 262
13.5 AUTHOR DETAILS 263



List of Figures

FIGURE 1 DRY TRANSFORMER INSULATION MARKET SEGMENTATION AND REGIONAL SCOPE 26
FIGURE 2 DRY TRANSFORMER INSULATION MARKET: RESEARCH DESIGN 29
FIGURE 3 DRY TRANSFORMER INSULATION MARKET: BOTTOM-UP APPROACH 34
FIGURE 4 DRY TRANSFORMER INSULATION MARKET: TOP-DOWN APPROACH 34
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 35
FIGURE 6 DEMAND-SIDE FORECAST PROJECTIONS 35
FIGURE 7 DRY TRANSFORMER INSULATION MARKET: DATA TRIANGULATION 36
FIGURE 8 SOLID INSULATORS SEGMENT TO LEAD DRY TRANSFORMER
INSULATION MARKET DURING FORECAST PERIOD 40
FIGURE 9 WINDINGS COMPONENT SEGMENT TO DOMINATE MARKET
DURING FORECAST PERIOD 41
FIGURE 10 INDUSTRIAL APPLICATION TO LEAD DRY TRANSFORMER INSULATION MARKET DURING FORECAST PERIOD 41
FIGURE 11 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD 42
FIGURE 12 ASIA PACIFIC TO OFFER ATTRACTIVE OPPORTUNITIES DURING FORECAST PERIOD 43
FIGURE 13 SOLID INSULATORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 43
FIGURE 14 WINDINGS SEGMENT TO HOLD MAJORITY SHARE DURING FORECAST PERIOD 44
FIGURE 15 INDUSTRIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 44
FIGURE 16 CHINA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 45
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
DRY TRANSFORMER INSULATION MARKET 46
FIGURE 18 DRY TRANSFORMER INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS 54
FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
FOR TOP THREE APPLICATIONS 57
FIGURE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 58
FIGURE 21 DRY TRANSFORMER INSULATION MARKET: VALUE CHAIN ANALYSIS 61
FIGURE 22 IMPORT DATA FOR HS CODE 850434-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION) 68
FIGURE 23 EXPORT DATA RELATED TO HS CODE 850434-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2020–2024 (USD MILLION) 69
FIGURE 24 DRY TRANSFORMER INSULATION MARKET: ECOSYSTEM ANALYSIS 70
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS IN DRY TRANSFORMER INSULATION MARKET 71
FIGURE 26 DRY TRANSFORMER INSULATION MARKET: GRANTED PATENTS, 2015–2024 76
FIGURE 28 LEGAL STATUS OF PATENTS, 2015–2024 77
FIGURE 29 TOP JURISDICTION, BY DOCUMENT, 2015–2024 78
FIGURE 30 TOP 10 PATENT APPLICANTS, 2015–2024 79
FIGURE 31 AVERAGE SELLING PRICE, BY REGION, 2022–2024 (USD/KG) 81
FIGURE 32 AVERAGE SELLING PRICE OF KEY PLAYERS, BY APPLICATION, 2024 (USD/KG) 81
FIGURE 33 AVERAGE SELLING PRICE TREND, BY TYPE, 2022–2024 (USD/KG) 82
FIGURE 34 SOLID INSULATORS TO BE LARGER TYPE DURING FORECAST PERIOD 86
FIGURE 35 WINDINGS COMPONENT TO DOMINATE DRY TRANSFORMER
INSULATION MARKET DURING FORECAST PERIOD 99
FIGURE 36 INDUSTRIAL APPLICATION TO DOMINATE DRY TRANSFORMER INSULATION MARKET DURING FORECAST PERIOD 107
FIGURE 37 CHINA TO BE FASTEST-GROWING MARKET FOR DRY TRANSFORMER INSULATION DURING FORECAST PERIOD 112
FIGURE 38 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET SNAPSHOT 115
FIGURE 39 EUROPE: DRY TRANSFORMER INSULATION MARKET SNAPSHOT 127
FIGURE 40 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET SNAPSHOT 142
FIGURE 41 REVENUE ANALYSIS OF KEY COMPANIES IN DRY TRANSFORMER INSULATION MARKET, 2020–2024 184
FIGURE 42 SHARES OF TOP FIVE COMPANIES IN DRY
TRANSFORMER INSULATION MARKET, 2024 185
FIGURE 43 VALUATION OF KEY COMPANIES IN DRY
TRANSFORMER INSULATION MARKET, 2024 187
FIGURE 44 FINANCIAL METRICS OF KEY COMPANIES IN
DRY TRANSFORMER INSULATION MARKET, 2024 188
FIGURE 45 DRY TRANSFORMER INSULATION MARKET: BRAND/PRODUCT COMPARISON 189
FIGURE 46 DRY TRANSFORMER INSULATION MARKET:
COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 191
FIGURE 47 DRY TRANSFORMER INSULATION MARKET: COMPANY FOOTPRINT 192
FIGURE 48 DRY TRANSFORMER INSULATION MARKET:
COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 196
FIGURE 49 3M: COMPANY SNAPSHOT 205
FIGURE 50 THE SHERWIN-WILLIAMS COMPANY: COMPANY SNAPSHOT 209
FIGURE 51 PPG INDUSTRIES, INC.: COMPANY SNAPSHOT 214
FIGURE 52 DUPONT: COMPANY SNAPSHOT 220
FIGURE 53 WEG: COMPANY SNAPSHOT 224
FIGURE 54 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT 229
FIGURE 55 ALTANA AG: COMPANY SNAPSHOT 233

List of Tables

TABLE 1 LIST OF KEY SECONDARY SOURCES 30
TABLE 2 LIST OF STANDARDS AND REGULATIONS FOR DRY TRANSFORMER INSULATION 48
TABLE 3 DRY TRANSFORMER INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS 54
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 57
TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 58
TABLE 6 TRENDS OF PER CAPITA GDP, BY COUNTRY, 2020–2023 (USD) 59
TABLE 7 GDP GROWTH ESTIMATES AND PROJECTIONS, BY COUNTRY, 2024–2027 (USD) 60
TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 11 IMPORT SCENARIO FOR HS CODE 850434-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 68
TABLE 12 EXPORT SCENARIO FOR HS CODE 850434-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 69
TABLE 13 ROLE OF COMPANIES IN DRY TRANSFORMER INSULATION ECOSYSTEM 70
TABLE 14 DRY TRANSFORMER INSULATION MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 75
TABLE 15 TOP 10 PATENT OWNERS DURING LAST 10 YEARS, 2015–2024 79
TABLE 16 SECTION 301 TARIFFS ON CHINESE IMPORTS 83
TABLE 17 DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION) 87
TABLE 18 DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (USD MILLION) 87
TABLE 19 DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (KILOTON) 88
TABLE 20 DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON) 88
TABLE 21 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (USD MILLION) 99
TABLE 22 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (USD MILLION) 100
TABLE 23 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (KILOTON) 100
TABLE 24 DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (KILOTON) 100
TABLE 25 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 107
TABLE 26 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 108
TABLE 27 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 108
TABLE 28 DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 108
TABLE 29 DRY TRANSFORMER INSULATION MARKET, BY REGION 2022–2024 (USD MILLION) 113
TABLE 30 DRY TRANSFORMER INSULATION MARKET, BY REGION 2025–2030 (USD MILLION) 113
TABLE 31 DRY TRANSFORMER INSULATION MARKET, BY REGION, 2022–2024 (KILOTON) 113
TABLE 32 DRY TRANSFORMER INSULATION MARKET, BY REGION, 2025–2030 (KILOTON) 114
TABLE 33 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (USD MILLION) 115
TABLE 34 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (USD MILLION) 116
TABLE 35 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (KILOTON) 116
TABLE 36 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (KILOTON) 116
TABLE 37 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION) 117
TABLE 38 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (USD MILLION) 117
TABLE 39 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (KILOTON) 118
TABLE 40 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (KILOTON) 118
TABLE 41 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2022–2024 (USD MILLION) 119
TABLE 42 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2025–2030 (USD MILLION) 119
TABLE 43 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2022–2024 (KILOTON) 119
TABLE 44 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2025–2030 (KILOTON) 120
TABLE 45 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 120
TABLE 46 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 120
TABLE 47 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 121
TABLE 48 NORTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 121
TABLE 49 US: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 122
TABLE 50 US: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 122
TABLE 51 US: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 122
TABLE 52 US: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 122
TABLE 53 CANADA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 123
TABLE 54 CANADA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 123
TABLE 55 CANADA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 124
TABLE 56 CANADA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 124
TABLE 57 MEXICO: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 125
TABLE 58 MEXICO: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 125
TABLE 59 MEXICO: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 125
TABLE 60 MEXICO: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 125
TABLE 61 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (USD MILLION) 127
TABLE 62 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (USD MILLION) 128
TABLE 63 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (KILOTON) 128
TABLE 64 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (KILOTON) 128
TABLE 65 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION) 129
TABLE 66 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (USD MILLION) 129
TABLE 67 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (KILOTON) 130
TABLE 68 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (KILOTON) 130
TABLE 69 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (USD MILLION) 131
TABLE 70 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (USD MILLION) 131
TABLE 71 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (KILOTON) 131
TABLE 72 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (KILOTON) 132
TABLE 73 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 132
TABLE 74 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 132
TABLE 75 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 133
TABLE 76 EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 133
TABLE 77 GERMANY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 134
TABLE 78 GERMANY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 134
TABLE 79 GERMANY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 134
TABLE 80 GERMANY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 134
TABLE 81 FRANCE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 135
TABLE 82 FRANCE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 136
TABLE 83 FRANCE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 136
TABLE 84 FRANCE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 136
TABLE 85 UK: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 137
TABLE 86 UK: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 137
TABLE 87 UK: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 137
TABLE 88 UK: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 138
TABLE 89 ITALY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 138
TABLE 90 ITALY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 138
TABLE 91 ITALY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 139
TABLE 92 ITALY: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 139
TABLE 93 REST OF EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 139
TABLE 94 REST OF EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 140
TABLE 95 REST OF EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 140
TABLE 96 REST OF EUROPE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 140
TABLE 97 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (USD MILLION) 142
TABLE 98 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (USD MILLION) 143
TABLE 99 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (KILOTON) 143
TABLE 100 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (KILOTON) 143
TABLE 101 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION) 144
TABLE 102 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (USD MILLION) 144
TABLE 103 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (KILOTON) 145
TABLE 104 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (KILOTON) 145
TABLE 105 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (USD MILLION) 146
TABLE 106 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (USD MILLION) 146
TABLE 107 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2022–2024 (KILOTON) 146
TABLE 108 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT 2025–2030 (KILOTON) 147
TABLE 109 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 147
TABLE 110 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 147
TABLE 111 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 148
TABLE 112 ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 148
TABLE 113 CHINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 149
TABLE 114 CHINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 149
TABLE 115 CHINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 149
TABLE 116 CHINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 150
TABLE 117 JAPAN: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 151
TABLE 118 JAPAN: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 151
TABLE 119 JAPAN: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 151
TABLE 120 JAPAN: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 151
TABLE 121 INDIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 152
TABLE 122 INDIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 153
TABLE 123 INDIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 153
TABLE 124 INDIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 153
TABLE 125 SOUTH KOREA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 154
TABLE 126 SOUTH KOREA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 154
TABLE 127 SOUTH KOREA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 154
TABLE 128 SOUTH KOREA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 155
TABLE 129 REST OF ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (USD MILLION) 155
TABLE 130 REST OF ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (USD MILLION) 156
TABLE 131 REST OF ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (KILOTON) 156
TABLE 132 REST OF ASIA PACIFIC: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (KILOTON) 156
TABLE 133 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY, 2022–2024 (USD MILLION) 157
TABLE 134 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 157
TABLE 135 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY, 2022–2024 (KILOTON) 158
TABLE 136 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY, 2025–2030 (KILOTON) 158
TABLE 137 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (USD MILLION) 159
TABLE 138 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (USD MILLION) 159
TABLE 139 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2022–2024 (KILOTON) 160
TABLE 140 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE, 2025–2030 (KILOTON) 160
TABLE 141 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY COMPONENT, 2022–2024 (USD MILLION) 161
TABLE 142 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY COMPONENT, 2025–2030 (USD MILLION) 161
TABLE 143 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY COMPONENT, 2022–2024 (KILOTON) 161
TABLE 144 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY COMPONENT, 2025–2030 (KILOTON) 162
TABLE 145 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (USD MILLION) 162
TABLE 146 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (USD MILLION) 162
TABLE 147 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (KILOTON) 163
TABLE 148 MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (KILOTON) 163
TABLE 149 GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 164
TABLE 150 GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 164
TABLE 151 GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 164
TABLE 152 GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 164
TABLE 153 SAUDI ARABIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 165
TABLE 154 SAUDI ARABIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 165
TABLE 155 SAUDI ARABIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 166
TABLE 156 SAUDI ARABIA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 166
TABLE 157 UAE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 167
TABLE 158 UAE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 167
TABLE 159 UAE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 167
TABLE 160 UAE: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 167
TABLE 161 REST OF GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (USD MILLION) 168
TABLE 162 REST OF GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (USD MILLION) 168
TABLE 163 REST OF GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (KILOTON) 169
TABLE 164 REST OF GCC COUNTRIES: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (KILOTON) 169
TABLE 165 REST OF MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (USD MILLION) 170
TABLE 166 REST OF MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (USD MILLION) 170
TABLE 167 REST OF MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (KILOTON) 170
TABLE 168 REST OF MIDDLE EAST & AFRICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (KILOTON) 170
TABLE 169 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (USD MILLION) 171
TABLE 170 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (USD MILLION) 171
TABLE 171 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2022–2024 (KILOTON) 172
TABLE 172 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COUNTRY 2025–2030 (KILOTON) 172
TABLE 173 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (USD MILLION) 172
TABLE 174 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (USD MILLION) 173
TABLE 175 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2022–2024 (KILOTON) 173
TABLE 176 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY TYPE 2025–2030 (KILOTON) 174
TABLE 177 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2022–2024 (USD MILLION) 174
TABLE 178 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2025–2030 (USD MILLION) 175
TABLE 179 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2022–2024 (KILOTON) 175
TABLE 180 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY COMPONENT, 2025–2030 (KILOTON) 175
TABLE 181 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (USD MILLION) 176
TABLE 182 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 176
TABLE 183 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2022–2024 (KILOTON) 176
TABLE 184 SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION, 2025–2030 (KILOTON) 176
TABLE 185 BRAZIL: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 177
TABLE 186 BRAZIL: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 177
TABLE 187 BRAZIL: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 178
TABLE 188 BRAZIL: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 178
TABLE 189 ARGENTINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (USD MILLION) 178
TABLE 190 ARGENTINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (USD MILLION) 179
TABLE 191 ARGENTINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2022–2024 (KILOTON) 179
TABLE 192 ARGENTINA: DRY TRANSFORMER INSULATION MARKET, BY APPLICATION 2025–2030 (KILOTON) 179
TABLE 193 REST OF SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (USD MILLION) 180
TABLE 194 REST OF SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (USD MILLION) 180
TABLE 195 REST OF SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2022–2024 (KILOTON) 180
TABLE 196 REST OF SOUTH AMERICA: DRY TRANSFORMER INSULATION MARKET BY APPLICATION, 2025–2030 (KILOTON) 180
TABLE 197 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN DRY TRANSFORMER INSULATION MARKET BETWEEN 2023 AND 2025 181
TABLE 198 DRY TRANSFORMER INSULATION MARKET: DEGREE OF COMPETITION 185
TABLE 199 DRY TRANSFORMER INSULATION MARKET: REGION FOOTPRINT 192
TABLE 200 DRY TRANSFORMER INSULATION MARKET: TYPE FOOTPRINT 193
TABLE 201 DRY TRANSFORMER INSULATION MARKET: COMPONENT FOOTPRINT 193
TABLE 202 DRY TRANSFORMER INSULATION MARKET: APPLICATION FOOTPRINT 194
TABLE 203 DRY TRANSFORMER INSULATION MARKET: KEY STARTUPS/SMES 197
TABLE 204 DRY TRANSFORMER INSULATION MARKET: COMPETITIVE
BENCHMARKING OF STARTUPS/SMES 198
TABLE 205 DRY TRANSFORMER INSULATION MARKET: OTHER DEVELOPMENTS, JANUARY 2023–MAY 2025 199
TABLE 206 DRY TRANSFORMER INSULATION MARKET: PRODUCT LAUNCHES JANUARY 2023–MAY 2025 199
TABLE 207 DRY TRANSFORMER INSULATION MARKET: DEALS, JANUARY 2023–MAY 2025 200
TABLE 208 DRY TRANSFORMER INSULATION MARKET: EXPANSIONS JANUARY 2023–MAY 2025 202
TABLE 209 3M: COMPANY OVERVIEW 204
TABLE 210 3M: PRODUCTS /SOLUTIONS/SERVICES OFFERED 205
TABLE 211 THE SHERWIN-WILLIAMS COMPANY: COMPANY OVERVIEW 209
TABLE 212 THE SHERWIN WILLIAMS COMPANY: PRODUCTS /SOLUTIONS/SERVICES OFFERED 210
TABLE 213 THE SHERWIN-WILLIAMS COMPANY: DEALS, JANUARY 2023–MAY 2025 211
TABLE 214 PPG INDUSTRIES, INC.: COMPANY OVERVIEW 213
TABLE 215 PPG INDUSTRIES, INC.: PRODUCTS /SOLUTIONS/SERVICES OFFERED 214
TABLE 216 PPG INDUSTRIES, INC.: PRODUCT LAUNCHES, JANUARY 2023–MAY 2025 216
TABLE 217 PPG INDUSTRIES, INC.: EXPANSIONS, JANUARY 2023–MAY 2025 216
TABLE 218 PPG INDUSTRIES, INC.: OTHERS, JANUARY 2023–MAY 2025 217
TABLE 219 DUPONT: COMPANY OVERVIEW 219
TABLE 220 DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 221 DUPONT: OTHERS, JANUARY 2023–MAY 2025 221
TABLE 222 WEG: COMPANY OVERVIEW 223
TABLE 223 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224
TABLE 224 WEG: DEALS, JANUARY 2023–MAY 2025 225
TABLE 225 WEG: EXPANSIONS, JANUARY 2023–MAY 2025 226
TABLE 226 HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW 228
TABLE 227 HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 228 HUNTSMAN INTERNATIONAL LLC: EXPANSIONS, JANUARY 2023–MAY 2025 230
TABLE 229 ALTANA AG: COMPANY OVERVIEW 232
TABLE 230 ALTANA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 231 ALTANA AG: DEALS, JANUARY 2023–MAY 2025 236
TABLE 232 KREMPEL GMBH: COMPANY OVERVIEW 237
TABLE 233 KREMPEL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 234 KREMPEL GMBH: DEALS, JANUARY 2023–MAY 2025 239
TABLE 235 PUCARO ELECTRICAL INSULATION GMBH: COMPANY OVERVIEW 240
TABLE 236 PUCARO ELECTRICAL INSULATION GMBH:
PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 237 KANSAI ALTAN: COMPANY OVERVIEW 242
TABLE 238 KANSAI ALTAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 239 ROYAL DIAMOND: COMPANY OVERVIEW 244
TABLE 240 ISOTEC: COMPANY OVERVIEW 245
TABLE 241 INDOKOTE: COMPANY OVERVIEW 245
TABLE 242 THE GUND COMPANY: COMPANY OVERVIEW 246
TABLE 243 HANGZHOU HECHENG INDUSTRIAL CO.,LTD: COMPANY OVERVIEW 247
TABLE 244 GOVIK INDUSTRIES PRIVATE LIMITED: COMPANY OVERVIEW 248
TABLE 245 AXALTA COATING SYSTEMS, LLC: COMPANY OVERVIEW 249
TABLE 246 ZIGMA PAINTS: COMPANY OVERVIEW 250
TABLE 247 MG CHEMICALS: COMPANY OVERVIEW 251
TABLE 248 EPOXIES, ETC.: COMPANY OVERVIEW 251
TABLE 249 VON ROLL: COMPANY OVERVIEW 252
TABLE 250 TIKKURILA : COMPANY OVERVIEW 253
TABLE 251 MOMENTIVE: COMPANY OVERVIEW 254
TABLE 252 ORHUN KIMYA: COMPANY OVERVIEW 255
TABLE 253 WEATHER FIGHTER: COMPANY OVERVIEW 256