Global Impregnating Resins Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Impregnating Resins Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global impregnating resins market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global impregnating resins market report has been segmented on the basis of product type, application, and region.
Impregnating resins, also referred as secondary insulation materials and are composed of formaldehyde, dimers and trimers of the main molecule. Impregnating resins are liquid in nature and are slightly viscous and diluted with reactive thinners. Impregnating resins are commonly used in the timber industry for wood modification because these materials help to standardized and impart wood properties such as dimensional stability, bio-corrosion resistance, and swelling resistance. Impregnating resins are also used in generators, electric motors, transformers, and other industries widely due to its features such as electrical insulation, high mechanical stability, protection against climatic effects, and improved heat dissipation of copper windings and coils.
Increasing demand of impregnating resins for augmentation and modernization of transmission and distribution network, is a major factor expected to drive growth of the global impregnating resins market over the forecast period. In addition, technological advancements in automotive industry, which in turn increase demand for impregnating resins. This is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing application scope in the electrical industry and growth of renewable energy further increases demand for impregnating resins, is among some factors estimated to drive growth of the potential market over the forecast period.
However, stringent rules and regulations pertaining to environment is a key factor may hamper demand for impregnating resins and restrain growth of the global impregnating resins market over the forecast period. In addition, lower efficiency of solvent-based resin systems, is a factor challenging growth of the target market over the forecast period.
Increasing research and development for product innovation and adoption of smart grid technology, are among the factors expected to create a lucrative opportunity for driving growth of the global impregnating resins market over the forecast period.
Analysis by Segment:
On the basis of product type, the solventless segment is expected to hold significant share in terms of revenue and volume in the target market during the forecast period. On the basis of application, the automotive components segment is anticipated to register highest growth in terms of revenue in the target market during the forecast period.
Analysis by Region:
The impregnating resins market in North America is expected to register for highest share in terms of revenue in the target market in the next coming years. The Europe impregnating resins market is estimated to account for significant revenue share in the global impregnating resins market over the forecast period. The impregnating resins market in the Asia Pacific is projected to witness fastest growth rate in the target market over the forecast period. This can be attributed to rising demand for impregnating resins in augmentation and modernization of transmission and distribution network in the region. The market in China is expected to contribute significant share in terms of revenue in the Asia Pacific impregnating resins market over the forecast period.
Market Segmentation and Key Players Operating in The Global Impregnating Resins Market:
Segmentation on the Basis of Product Type:
- Others (Waterborne and Solvent-free Resins)
Segmentation on the Basis of Application:
- Motors and Generators
- Home Appliances
- Automotive Components
- Others (Electric Tools and Power Tools)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Von Roll Holding AG
- Hitachi, Ltd.
- KYOCERA Corporation
- ELANTAS Europe Srl.
- Axalta Coating Systems Ltd.
- 3M Company
- AEV Ltd.
- MPM Holdings Inc.
- VUKI a.s.
- Wacker Chemie AG
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