The global insulation materials market has immense growth
potential as demand continues to rise.
The insulation materials market has immense growth potential.
China, for example, produced insulation materials worth RMB11.9
billion in 2007, a 72.0% growth as compared with 2006. The booming
Chinese economy and increasing number of sophisticated electrical
apparatus produced in China have fuelled the growth of the
insulation materials market and the use of such materials in China.
Also Southern China is a renowned manufacturing base for a variety
of electrical appliances. It has seen continuous growth in domestic
demand for household electrical appliances, growing at the CAGR of
16.3% from RMB$473.6 billion to RMB$866.5 billion between 2003 and
In overseas markets, import of household and kitchen appliances
from China by the US had grown from US$4.6 billion in 2003 to US$9
billion in 2007, representing a CAGR of 17.8%.
Meanwhile, Silicone rubber insulation materials are the latest
generation of insulation materials used in high pressure
electricity transmission equipment. Application of silicone rubbers
in critical high-temperature resistance parts and components such
as electric wires, signal cables and protectors will expand
notably. It would be proven by the following statistics:
– In 1998, the total market value of silicone rubber
components used in electric cables was less than RMB50 million. In
2007, the amount increased to RMB1,330 million, translating into an
average annual growth of approximately 40%.
– The annual production value of silicone rubber
insulation materials in 2010 is estimated at RMB1, 940 million.
Instead of these rapidly growing, the demand for fibre-glass
insulation materials has been steady. They are principally used in
household electrical appliances instead of large-scale
sophisticated electrical apparatuses. The annual growth rate of the
fibre-glass insulation material market in China is expected to be
around 12% to 16% between 2008 and 2010 and the annual production
value is estimated at RMB7,300 million in 2010.