Impregnating Resins Market

Introduction of the Impregnating Resins Market Report

Impregnating resins are secondary insulation materials, which are coupled and diluted with thinners. They have the capability to cure the object completely when they are applied. With the rapid industrialization and electrification, the demand for the impregnating resins are expected to drive.

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Market Dynamic

Key Drivers and Emerging Trends

The rising demand for impregnating resins in automotive sector has contributed to the market growth. They are used in the manufacturing of automotive components as they offer mechanical stability and protection, due to which it is widely adopted by the automotive industry. Furthermore, stringent environment protection act in most of the countries, which has surged the growth of the solutions that are made from impregnating resins, for example stators and rotors manufactured by the Axalta Industrial Coatings, that are VOC-free for low emissions, no maximum exposure limit, leading to the growth of the market. Furthermore, increasing demand for electricity due to rapid industrialization, coupled with the major shift in trends towards the adoption of renewable energy for electric insulation has surged the growth of the market. Furthermore, accelerated decarbonization and stringent regulations to reduce greenhouse gas emission (GHG) are surging the demand for electric vehicles, which have increased the consumption of impregnating resins, leading to the expansion of the impregnating resins market size.

Restraint in the Impregnating Resins Market

However, less efficiency of solvent-based resin systems is likely to hinder the growth of the market, over the forecast period.

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Technology – Segment Analysis

Based on the technology, solvent based resins are expected to grow at a higher CAGR in the market as offers wide range of benefits like long-term durability, long lifespan, static control, thermal shock resistance, anti-microbial benefits among others

Application – Segment Analysis

Based on the application, electrical components is expected to grow at a higher CAGR in the market, over the forecast period.  Rising electricity demand is driving the growth of the market. According to “International Energy Agency”, the global electricity demand is projected to grow at 2.1% every year till 2040, from 19% in 2018 to 24% in 2040, which is responsible for the growth of the overall market.

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Regional – Segment Analysis:

Based on regional coverage, Asia-Pacific is expected to dominate the impregnating resins market over the forecast period. This is due to the presence of robustly growing economies like China, India and others which are among the top 10 GDP’s, leading to the expansion of the market size of the market. The growing automotive sector in Japan, China and India has led to robust demand for the impregnating resins in the region which has surged the growth of the market.

Top Market Players

Various notable players operating in the market, include, 3M, AEV Ltd., Axalta Coating Systems, BASF SE, Bodo Moller Chemie GmbH, Copps Industries, Elantas GmbH, Grasim Industries Limited, Hernon Manufacturing Inc., Hitachi Chemical Co. Ltd., among others. 

Key Developments:

• • In 2017, Elantas GmbH officially acquired formulated resins business from solvay, which has helped the company in the expansion of the product.

Segments covered in the Report:

The global impregnating resins market has been segmented on the basis of technology, resin type, application, and regions. Based on technology, the market is segmented into solventless resins, and solvent-based resins. Based on resin type, the market is segmented into polyester, epoxy, polyesterimide and others. Based on application, the market is segmented into electrical components, automotive components and others. 

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Key questions answered in this research report:

• • At what pace is global Impregnating Resins market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Impregnating Resins market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Impregnating Resins market?
  • Which Technology generated maximum revenues in 2019 and identify the most promising Technology during the forecast period?
  • What are the various Resin Type areas of global Impregnating Resins market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Resin Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3M, AEV Ltd., Axalta Coating Systems, BASF SE, Bodo Moller Chemie GmbH, Copps Industries, Elantas GmbH, Grasim Industries Limited, Hernon Manufacturing Inc., Hitachi Chemical Co. Ltd., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Impregnating Resins Market by Technology

• • Solventless Resins
  • Solvent-based Resins

Global Impregnating Resins Market by Resin Type

• • Polyester
  • Epoxy
  • Polyesterimide
  • Others

Global Impregnating Resins Market by Application

• • Electrical Components
  • Automotive Components
  • Others

Global Impregnating Resins Market by Region

• • North America Impregnating Resins Market (Option 1: As a part of the free 25% customization)
    • North America Impregnating Resins Market by Technology
    • North America Impregnating Resins Market by Resin Type
    • North America Impregnating Resins Market by Application
    • US Impregnating Resins Market All-Up
    • Canada Impregnating Resins Market All-Up
  • Europe Impregnating Resins Market (Option 2: As a part of the free 25% customization)
    • Europe Impregnating Resins Market by Technology
    • Europe Impregnating Resins Market by Resin Type
    • Europe Impregnating Resins Market by Application
    • UK Impregnating Resins Market All-Up
    • Germany Impregnating Resins Market All-Up
    • France Impregnating Resins Market All-Up
    • Spain Impregnating Resins Market All-Up
    • Rest of Europe Impregnating Resins Market All-Up
  • Asia-Pacific Impregnating Resins Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Impregnating Resins Market by Technology
    • Asia-Pacific Impregnating Resins Market by Resin Type
    • Asia-Pacific Impregnating Resins Market by Application
    • China Impregnating Resins Market All-Up
    • India Impregnating Resins Market All-Up
    • Japan Impregnating Resins Market All-Up
    • Rest of APAC Impregnating Resins Market All-Up
  • RoW Impregnating Resins Market (Option 4: As a part of the free 25% customization)
    • RoW Impregnating Resins Market by Technology
    • RoW Impregnating Resins Market by Resin Type
    • RoW Impregnating Resins Market by Application
    • Brazil Impregnating Resins Market All-Up
    • South Africa Impregnating Resins Market All-Up
    • Saudi Arabia Impregnating Resins Market All-Up
    • UAE Impregnating Resins Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Impregnating Resins Market All-Up

Major Players Operating in the Impregnating Resins (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • AEV Ltd.
  • Axalta Coating Systems
  • BASF SE
  • Bodo Moller Chemie GmbH
  • Copps Industries
  • Elantas GmbH
  • Grasim Industries Limited
  • Hernon Manufacturing Inc.
  • Hitachi Chemical Co. Ltd.