Impregnating Resins Market 2019 Segments, Industry Size, Company Profits, Key Vendors Analysis, Emerging Technologies, And Regional Forecast To 2023

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Pune, India - August 12, 2019 /MarketersMedia/ —

Market Overview:

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.

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Competitive Analysis:

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

Market Segmentation:

The global impregnating resins market has been segmented by type, application and region. Based on product, the market has been segmented into solvent-based, solvent less, and others. Solvent less accounted for the fastest growing segment in 2017 and is expected to grow at a significant CAGR during the review period. This growth can be attributed to the increasing demand in electrical and electronics industry due to superior benefits such as high reactivity, excellent stability, low viscosity, room temperature impregnation, high resin film builds and slot fill, and advanced technical properties among others. It helps in reducing VOC emissions. Also, the market players have developed new generation water based impregnating resins to reduce VOC emissions.

Based on application, motors and generators segment accounted for the largest share of the global impregnating resins in 2017 and is likely to grow at a healthy rate during the forecast period on account of increasing demand in industries and residential sector. Automobile components is expected to be the fastest growing segment owing to increased production of electric vehicles to reduce carbon emissions globally.

Regional Analysis:

Based on region, the impregnating resins market has been classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest share of the impregnating resins market on account of the growing end-use industries in the region, especially the chemicals, automotive, and agriculture industries among others. An expanding population base and rising disposable income of consumers are the other factors driving market growth.

North America is a prominent market for impregnating resins due to the reviving automotive industry due to rising demand for electric vehicles.

The European market is expected to grow at a considerable rate during the review period. The automotive and electrical and electronics industries in the eastern Europe countries are driving the market growth.

The markets in Latin America and the Middle East & Africa are likely to register moderate growth during the review period as a result of the growing industrial base in these regions.

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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

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Source: MarketersMedia

Release ID: 88906934