Impregnating Resins Market Research Report- Forecast to 2027

Impregnating Resins Market: 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 2027

ID: MRFR/CnM/5555-HCR | February 2021 | Region: Global | 140 pages

Impregnating Resins Market- Overview


Impregnating Resins Market is estimated to grow at a CAGR 7% from 2020 to 2027.

Impregnating Resins, also termed as secondary insulation materials, are thermosetting resins widely used in electric devices to provide electrical insulation and structural integrity for operation. It finds application in various electric devices including generators, electric motors, transformers, and automotive components among others. It provides high mechanical stability, protection from climate influences, and improved heat dissipation for copper windings and coils. 


The growth of the Global Impregnating Resins Market is mainly driven by increasing demand in electrical and electronics industry mainly electric motors and generators. Expanding automotive industry on account of increasing production of electric vehicles had resulted in increased demand for electric motors and thus, Impregnating Resins. Increasing environmental regulations against carbon emissions due to hazardous environmental impact is encouraging the production of electric vehicles, which is likely to propel the market growth at a significant rate during the review period.


Increased product consumption in HVAC industry is another important factor driving the growth of the global Impregnating Resins market. The expanding infrastructure sector with rising residential and commercial construction is leading to the growing demand for HVAC systems in warehouses, departmental stores, and malls, among others. This in turn has increased the demand for electric motors and hence, Impregnating Resins.


Some of the key players operating in the global Impregnating Resins are emphasizing new product development and business expansion. For instance, in 2018, Kyocera Corporation proposed to build new manufacturing facility at its Kawasaki plant in Japan to increase production capacity for conductive and insulation pastes used in numerous electronic devices. Also, in September 2016, Axalta Coating Systems developed new generation of waterborne Impregnating Resins to reduce volatile organic compounds emissions generated by electric devices.


However, volatility in prices of raw materials is likely to hamper the growth of the Global Impregnating Resins Market during the review period.


Key Players


Some of the key players in the Global Impregnating Resins 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).


Regional Analysis


The market in Asia-Pacific accounted for the largest share of the Impregnating Resins Market in 2017 and is expected to continue its dominance during the forecast period. This growth can be attributed to increasing industrialization in developing economies such as India, China, and South-East Asian countries, which has resulted in increased demand for transformers, generators, ad electric motors and hence, Impregnating Resins.


North America is another prominent market for Impregnating Resins due to the rising demand in automobile industry on account of increasing production of electric vehicles. Additionally, expanding electrical and electronics industry on account of growing demand for consumer electronics is likely to add to the growth of the Impregnating Resins.


The European market is also expected to grow on account of the reviving automotive industry on account of increasing demand for electric vehicles to meet the emissions standards set by the environmental regulation agency, ECHA.


The Latin American market is expected to witness considerable growth due to the growing automotive industry especially in Brazil and Mexico on account of the escalating demand for electric vehicles.


The market in the Middle East & Africa is likely to exhibit considerable growth during the review period on account of the increasing industrial base in the region with shift from oil and gas industry to other industries.


Segmentation


The Global Impregnating Resins Market has been segmented by Type, Application and Region.


Based on type, the market has been segmented into solvent-based, solvent less and others.


Based on application, the market has been segmented into motors & generators, transformers, appliances, automotive components, and others.


The Impregnating Resins Market has been studied with respect to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial Value
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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 automotive industry on account of increasing production of electric vehicles
  Key Market Drivers

  • increasing demand in electrical and electronics industry
  • Increased product consumption in HVAC industry


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    Frequently Asked Questions (FAQ) :


    The outlook of the global impregnating resins market looks very promising.

    Impregnating resins or secondary insulation materials are widely used in manufacturing of electric devices such as motors & generators, transformers, appliances, and automotive components.

    Spurting growth in the major end-use industries, Expanding electrical & electronics and automotive industry, Increasing environmental regulations against carbon emissions.

    Asia Pacific holds the largest share in the global impregnating resins market, followed by North America and Europe, respectively.

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

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of Buyers

    4.1.3 Bargaining power of Suppliers

    4.1.4 Threat of Substitutes

    4.1.5 Segment Rivalry

    4.2 Value Chain/Supply Chain of Global Impregnating Resins Market

    5 Industry Overview of Global Impregnating Resins Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact Analysis

    5.4 Market Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Impregnating Resins Market, by Type

    7.1 Introduction

    7.2 Solvent-Based

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.2.2 Market Estimates & Forecast, by Region, 2020–2027

    7.3 Solvent Less

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.3.2 Market Estimates & Forecast, by Region, 2020–2027

    7.4 Others

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8. Global Impregnating Resins Market, by Application

    8.1 Introduction

    8.2 Motors & Generators

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.2.2 Market Estimates & Forecast, by Region, 2020–2027

    8.3 Transformers

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.3.2 Market Estimates & Forecast, by Region, 2020–2027

    8.4 Appliances

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.4.2 Market Estimates & Forecast, by Region, 2020–2027

    8.5 Automotive Components

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.5.2 Market Estimates & Forecast, by Region, 2020–2027

    8.6 Others

    8.6.1 Market Estimates & Forecast, 2020–2027

    8.6.2 Market Estimates & Forecast, by Region, 2020–2027

    9. Global Impregnating Resins Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.2.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.3 Market Estimates & Forecast, by Application, 2020–2027

    9.2.4 US

    9.2.4.1 Market Estimates & Forecast, 2020–2027

    9.2.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.2.5 Canada

    9.2.5.1 Market Estimates & Forecast, 2020–2027

    9.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.3.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.4 Germany

    9.3.4.1 Market Estimates & Forecast, 2020–2027

    9.3.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.5. France

    9.3.5.1 Market Estimates & Forecast, 2020–2027

    9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.6 Italy

    9.3.6.1 Market Estimates & Forecast, 2020–2027

    9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.7 Spain

    9.3.7.1 Market Estimates & Forecast, 2020–2027

    9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.8 UK

    9.3.8.1 Market Estimates & Forecast, 2020–2027

    9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020–2027

    9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

    9.3.10 Poland

    9.3.10.1 Market Estimates & Forecast, 2020–2027

    9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

    9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, 2020–2027

    9.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.4 China

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.5 India

    9.4.4.1 Market Estimates & Forecast, 2020–2027

    9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.6 Japan

    9.4.5.1 Market Estimates & Forecast, 2020–2027

    9.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.7 Australia

    9.4.7.1 Market Estimates & Forecast, 2020–2027

    9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.8 New Zealand

    9.4.8.1 Market Estimates & Forecast, 2020–2027

    9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.4.9 Rest of Asia-Pacific

    9.4.9.1 Market Estimates & Forecast, 2020–2027

    9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

    9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020–2027

    9.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.4 Turkey

    9.5.4.1 Market Estimates & Forecast, 2020–2027

    9.5.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.5 Israel

    9.5.5.1 Market Estimates & Forecast, 2020–2027

    9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.6 North Africa

    9.5.6.1 Market Estimates & Forecast, 2020–2027

    9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.7 GCC

    9.5.7.1 Market Estimates & Forecast, 2020–2027

    9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

    9.5.8 Rest of the Middle East & Africa

    9.5.8.1 Market Estimates & Forecast, 2020–2027

    9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

    9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020–2027

    9.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020–2027

    9.6.4.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020–2027

    9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020–2027

    9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020–2027

    9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

    9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

    10. Company Landscape

    11. Company Profiles

    11.1 Axalta Coating Systems

    11.1.1 Company Overview

    11.1.2 Type/Business Segment Overview

    11.1.3 Financial Updates

    11.1.4 Key Developments

    11.2 Kyocera Corporation

    11.2.1 Company Overview

    11.2.2 Type/Business Segment Overview

    11.2.3 Financial Updates

    11.2.4 Key Developments

    11.3 ALTANA

    11.3.1 Company Overview

    11.3.2 Type/Business Segment Overview

    11.3.3 Financial Updates

    11.3.4 Key Developments

    11.4 Von Roll Holding AG

    11.4.1 Company Overview

    11.4.2 Type/Business Segment Overview

    11.4.3 Financial Updates

    11.4.4 Key Developments

    11.5 Hitachi Chemical Co., Ltd.

    11.5.1 Company Overview

    11.5.2 Type/Business Segment Overview

    11.5.3 Financial Updates

    11.5.4 Key Developments

    11.6 3M

    11.6.1 Company Overview

    11.6.2 Type/Business Segment Overview

    11.6.3 Financial Updates

    11.6.4 Key Developments

    11.7 AET

    11.7.1 Company Overview

    11.7.2 Type/Business Segment Overview

    11.7.3 Financial Updates

    11.7.4 Key Developments

    11.8 Wacker Chemie AG

    11.8.1 Company Overview

    11.8.2 Type/Business Segment Overview

    11.8.3 Financial Updates

    11.8.4 Key Developments

    11.9 Vuki a.s.

    11.9.1 Company Overview

    11.9.2 Type/Business Segment Overview

    11.9.3 Financial Updates

    11.9.4 Key Developments

    11.10 Bodo Möller Chemie GmbH

    11.10.1 Company Overview

    11.10.2 Type/Business Segment Overview

    11.10.3 Financial Updates

    11.10.4 Key Developments

    12. Conclusion

    LIST OF TABLES

    Table 1 World Population in Major Regions (2020–2030)

    Table 2 Global Impregnating Resins Market, by Region, 2020–2027

    Table 3 North America: Impregnating Resins Market, by Country, 2020–2027

    Table 4 Europe: Impregnating Resins Market, by Country, 2020–2027

    Table 5 Asia-Pacific: Impregnating Resins Market, by Country, 2020–2027

    Table 7 Middle East & Africa: Impregnating Resins Market, by Country, 2020–2027

    Table 6 Latin America: Impregnating Resins Market, by Country, 2020–2027

    Table 8 Global Impregnating Resins Type Market, by Region, 2020–2027

    Table 9 North America: Impregnating Resins Type Market, by Country, 2020–2027

    Table 10 Europe: Impregnating Resins Type Market, by Country, 2020–2027

    Table11 Asia-Pacific: Impregnating Resins Type Market, by Country, 2020–2027

    Table13 Middle East & Africa: Impregnating Resins Type Market, by Country, 2020–2027

    Table12 Latin America: Impregnating Resins Type Market, by Country, 2020–2027

    Table14 North America: Impregnating Resins Application Market, by Country, 2020–2027

    Table13 Europe: Impregnating Resins Application Market, by Country, 2020–2027

    Table14 Asia-Pacific: Impregnating Resins Application Market, by Country, 2020–2027

    Table16 Middle East & Africa: Impregnating Resins Application Market, by Country, 2020–2027

    Table15 Latin America: Impregnating Resins Application Market, by Country, 2020–2027

    Table23 Global Type Market, by Region, 2020–2027

    Table24 Global Application Market, by Region, 2020–2027

    Table25 North America: Impregnating Resins Market, by Country, 2020–2027

    Table26 North America: Impregnating Resins Market, by Type, 2020–2027

    Table27 North America: Impregnating Resins Market, by Application, 2020–2027

    Table28 Europe: Impregnating Resins Market, by Country, 2020–2027

    Table29 Europe: Impregnating Resins Market, by Type, 2020–2027

    Table30 Europe: Impregnating Resins Market, by Application, 2020–2027

    Table31 Asia-Pacific: Impregnating Resins Market, by Country, 2020–2027

    Table32 Asia-Pacific: Impregnating Resins Market, by Type, 2020–2027

    Table33 Asia-Pacific: Impregnating Resins Market, by Application, 2020–2027

    Table36 Middle East & Africa: Impregnating Resins Market, by Country, 2020–2027

    Table37 Middle East & Africa Impregnating Resins Market, by Type, 2020–2027

    Table33 Middle East & Africa: Impregnating Resins Market, by Application, 2020–2027

    Table34 Latin America: Impregnating Resins Market, by Country, 2020–2027

    Table35 Latin America Impregnating Resins Market, by Type, 2020–2027

    Table33 Latin America: Impregnating Resins Market, by Application, 2020–2027

    LIST OF FIGURES

    FIGURE 1 Global Impregnating Resins Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Impregnating Resins Market

    FIGURE 4 Value Chain of Global Impregnating Resins Market

    FIGURE 5 Share of Global Impregnating Resins Market in 2020, by Country (%)

    FIGURE 6 Global Impregnating Resins Market, 2020–2027,

    FIGURE 7 Sub-Segments of Type, 2020

    FIGURE 8 Global Impregnating Resins Market Size, by Type, 2020

    FIGURE 9 Share of Global Impregnating Resins Market, by Type, 2020–2027

    FIGURE 10 Sub-Segments of Application

    FIGURE 11 Global Impregnating Resins Market Size, by Application, 2020

    FIGURE 12 Share of Global Impregnating Resins Market, by Application, 2020–2027