The latest research study “Impregnating Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global impregnating resins market size reached US$ 1.51 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.18 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.
Impregnating resins, also called secondary insulation materials, represent organic liquid resins diluted with reactive thinners. They comprise formaldehyde and are composed of trimers and dimers. In line with this, impregnating resins are viscous and thick that are used in the forest products industry for wood modification. They are also utilized in filament winding, generators, home appliances, electric motors, electrical components, transformers, etc. Impregnating resins exhibit electrical insulation, protection from climate changes, and mechanical stability. They offer resin protection and enhance heat transfer among slot insulations, iron cores, wires wending, etc.
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Impregnating Resins Market Trends and Drivers:
The expanding automotive industry and the launch of several favorable policies by government bodies to increase decarbonization and reduce greenhouse gas (GHG) emissions are primarily driving the impregnating resins market. Additionally, the escalating demand for electrical and electronic components and extensive investments in R&D activities are further catalyzing the market growth. Besides this, the widespread adoption of impregnating resins to impregnate starters, electric motors, alternators in conventional vehicles and electric vehicles (EVs), etc., is acting as another significant growth. Moreover, the introduction of water-based impregnation resins that are specifically designed to be more environmentally friendly than conventional products is positively influencing the global market. Apart from this, resin impregnation of copper wires and windings provides better insulation, prevents vibration, increases heat exchange during regular operation, is resistant to stresses and temperature loads, and minimizes the risk of short circuits. Furthermore, the development of advanced materials that make the motor more protective and provide high mechanical stability is anticipated to fuel the impregnating resins market over the forecasted period.
Impregnating Resins Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- Aev Asia Sdn. Bhd.
- Axalta Coating Systems Ltd.
- BASF SE
- Bodo Möller Chemie GmbH
- Elantas Pdg Inc. (Altana AG)
- Huntsman International LLC (Huntsman Corporation)
- Robnor ResinLab Ltd.
- Showa Denko Materials Co. Ltd
- Von Roll Holding AG and Wacker Chemie AG.
The report has been segmented the market into following categories:
Breakup by Type:
- Phenol Formaldehyde
- Urea Formaldehyde
- Melamine Formaldehyde
Breakup by Form:
- Solventless
- Solvent-based
- Others
Breakup by Application:
- Motors and Generators
- Home Appliances
- Transformer
- Automotive Components
- Others
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Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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