Impregnating Resins Market

Q: Which Type led the impregnating resins market?

The solventless category dominated the market in 2022. Read More

ID: MRFR/CnM/5555-HCR

111 Pages

Chitranshi Jaiswal

October 2025

Impregnating Resins Market Research Report Information by Type (Solvent-Based, Solvent less, and Others), Application (Motors & Generators, Transformers, Appliances, Automotive Components, and Others), and Region (North America, and Others)— Forecast till 2035

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Impregnating Resins Market Summary

The Global Impregnating Resins Market is projected to grow from 2.11 USD Billion in 2024 to 4.27 USD Billion by 2035.

Key Market Trends & Highlights

Impregnating Resins Key Trends and Highlights

The market is expected to experience a compound annual growth rate (CAGR) of 6.49% from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 4.22 USD Billion, doubling from its 2024 value.
in 2024, the market is valued at 2.11 USD Billion, indicating a robust growth trajectory.
Growing adoption of advanced manufacturing processes due to increased demand for high-performance materials is a major market driver.

Impregnating Resins Market

CAGR

6.62%

Market Size & Forecast

2024 Market Size	2.11 (USD Billion)
2035 Market Size	4.27 (USD Billion)
CAGR (2025-2035)	6.62%

Major Players

Elantas (Germany), Axalta Coating Systems (US), Voll Roll Holdings (Switzerland), Kyocera Corporation (Japan), Henkel (Germany), Hitachi Chemical Co., Ltd. (Japan)

Impregnating Resins Market Trends

Increasing demand in the electrical and electronics industry to boost the market growth

Impregnating resins are called secondary insulation materials in the industrial language, and it is used where the demand for flexible insulation is required. They are highly employed in electric motors, transformers, and other electrical devices where insulation and structural integrity are required. Therefore, mechanical stability and protection from harsh conditions are also offered by the impregnating resins. Such factors are considered the major drivers of impregnating resin market growth.

The potential characteristics of the impregnating resins that include excellent moisture resistance, withstanding harsh climatic conditions, increasing the life of the equipment on which they are used, biological decay defense mechanism, and eco-friendly properties are considered the major drivers of impregnating resins market growth.

The growing demand for advanced electrical insulation materials is likely to propel the global impregnating resins market, as industries increasingly prioritize durability and efficiency in their applications.

U.S. Department of Energy

Impregnating Resins Market Drivers

Growing Demand from Electrical Industry

The Global Impregnating Resins Market Industry experiences a surge in demand driven by the electrical sector, particularly in the manufacturing of electric motors and transformers. These resins enhance insulation and protect against moisture, thereby improving the longevity and efficiency of electrical components. As the global push for renewable energy sources intensifies, the need for reliable electrical equipment grows. In 2024, the market is valued at approximately 2.11 USD Billion, with projections indicating a robust growth trajectory as industries increasingly adopt impregnating resins to meet stringent performance standards.

Market Segment Insights

Impregnating Resins Type Insights

The impregnating resins market segmentation, based on Type, includes solvent-based, solventless, and others. The solventless segment is expected to hold the largest share of the market during the forecast period. The growth is due to their superior performance such as high reactivity, stability at room temperature, high resin film build, adaptability on any type of machine and process, and excellent technical properties when compared with other impregnating resins.

Impregnating Resins Application Insights

Based on Application, the impregnating resins market segmentation includes motors and generators, transformers, home appliances, automotive components, and others. The automotive components segment is estimated to be the fastest-growing application segment during the forecast period. The growth of this segment is bolstered by technological developments in the automotive industry. For instance, GM (model name: Bolt), Nissan (model name: Leaf), and Tesla Motors have successfully commercialized electric vehicles in the passenger car market.

Figure 2: Impregnating Resins Market, by Type, 2022 & 2030 (USD Billion)Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

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Key Companies in the Impregnating Resins Market market include

Industry Developments

Q2 2024: Henkel launches new high-performance impregnating resin for electric motors Henkel announced the launch of a new generation of impregnating resins designed to improve thermal conductivity and insulation in electric vehicle motors, targeting automotive OEMs and Tier 1 suppliers.
Q1 2024: Axalta expands impregnating resin production capacity in China Axalta Coating Systems opened a new production line for impregnating resins at its Shanghai facility to meet growing demand from the Asian automotive and electronics sectors.
Q2 2024: ELANTAS introduces eco-friendly impregnating resin for renewable energy applications ELANTAS, a division of ALTANA, launched a bio-based impregnating resin aimed at wind turbine and solar generator manufacturers, emphasizing reduced carbon footprint and improved performance.
Q3 2024: Huntsman secures multi-year supply contract for impregnating resins with leading EV manufacturer Huntsman announced a multi-year agreement to supply advanced impregnating resins to a major electric vehicle manufacturer, supporting increased production of high-efficiency motors.
Q2 2024: 3M unveils next-generation electrical insulation resin for industrial motors 3M launched a new impregnating resin product line designed to enhance insulation and durability in industrial motors, targeting global OEMs in the manufacturing sector.
Q1 2024: Henkel signs strategic partnership with Siemens for resin technology in smart grid transformers Henkel entered a strategic partnership with Siemens to co-develop advanced impregnating resin solutions for next-generation smart grid transformers, focusing on improved energy efficiency and reliability.
Q4 2024: Axalta acquires specialty resin manufacturer to expand product portfolio Axalta completed the acquisition of a European specialty resin manufacturer, strengthening its position in the impregnating resins market and broadening its offerings for electrical insulation applications.
Q3 2024: ELANTAS opens new R&D center for impregnating resin innovation in Germany ELANTAS inaugurated a new research and development center focused on advancing impregnating resin technologies for high-voltage and renewable energy applications.
Q2 2025: Huntsman launches low-VOC impregnating resin for global electronics market Huntsman introduced a low-VOC (volatile organic compound) impregnating resin targeting electronics manufacturers seeking environmentally compliant insulation solutions.
Q1 2025: 3M announces partnership with Japanese automotive supplier for advanced resin solutions 3M entered a partnership with a leading Japanese automotive supplier to co-develop high-performance impregnating resins for next-generation electric vehicle motors.
Q4 2024: Henkel appoints new Head of Impregnating Resins Division Henkel announced the appointment of Dr. Maria Schneider as the new Head of its Impregnating Resins Division, signaling a strategic focus on innovation and global expansion.
Q3 2025: ELANTAS wins contract to supply impregnating resins for European wind farm project ELANTAS secured a contract to supply specialized impregnating resins for a major offshore wind farm project in Europe, supporting the region's renewable energy infrastructure.

Future Outlook

Impregnating Resins Market Future Outlook

The Global Impregnating Resins Market is projected to grow at a 6.60% CAGR from 2025 to 2035, driven by technological advancements and increasing demand in electrical applications.

New opportunities lie in:

Develop eco-friendly resin formulations to capture sustainability-focused markets.
Invest in R&D for high-performance resins suitable for automotive applications.
Expand distribution networks in emerging economies to enhance market penetration.

By 2035, the market is expected to achieve substantial growth, reflecting evolving industry demands and innovations.

Market Segmentation

Impregnating Resins Type Outlook

Solvent-Based
Solvent less
Others

Impregnating Resins Regional Outlook

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Rest of the World

Middle East
Africa
Latin America

Impregnating Resins Application Outlook

Motors & Generators
Transformers
Appliances
Automotive Components
Others

Report Scope

Report Attribute/Metric	Details
Market Size 2024	USD 2.11 Billion
Market Size 2035	4.27 (Value (USD Billion))
Compound Annual Growth Rate (CAGR)	6.62% (2025 - 2035)
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Axalta Coating Systems (US), Kyocera Corporation (Japan), ALTANA (Germany), Von Roll Holding AG (Switzerland), Hitachi Chemical Co., Ltd. (Japan), 3M (US), AET (Poland), Wacker Chemie AG (Germany), Vuki a.s. (Slovakia), and Bodo Möller Chemie GmbH (Germany)
Key Market Opportunities	Expanding the automotive industry on account of increasing production of electric vehicles
Key Market Dynamics	Increasing demand in the electrical and electronics industry Increased product consumption in the HVAC industry
Market Size 2025	2.25 (Value (USD Billion))

Market Highlights

Impregnating Resins Companies

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

How much is the impregnating resins market?

Impregnating Resins Market size was valued at USD 2.11 Billion in 2024

What is the growth rate of the impregnating resins market?

Impregnating Resins Market is expected to grow with a CAGR of 6.62% in the period 2025-2035

Which region held the largest market share in the impregnating resins market?

Asia Pacific had the largest share in the impregnating resins market.

Who are the key players in the impregnating resins market?

The key players in the market are Axalta Coating Systems (US), Kyocera Corporation (Japan), ALTANA (Germany), Von Roll Holding AG (Switzerland), Hitachi Chemical Co., Ltd. (Japan), 3M (US), AET (Poland), Wacker Chemie AG (Germany), Vuki a.s. (Slovakia), and Bodo Möller Chemie GmbH (Germany)

Which Type led the impregnating resins market?

The solventless category dominated the market in 2022.

Which Application had the largest market share in the market?

The automotive base had the largest share in the market for impregnating resins.

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