Impregnating Resins Market Size – USD 1.49 Billion in 2021, Growth – at a CAGR of 6.5%

Growing industrialization, rising adoption of smart grid technology, increased automotive production, and need for efficient insulation processes are key factors driving market revenue growth

Trends - Increasing demand for impregnating resins in the electrical and electronics industry

The global Impregnating Resins Market size was USD 1.49 Billion in 2021 and is expected to register a revenue CAGR of 6.5% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by increasing demand for impregnating resins in the electrical and electronics industry.

Impregnating resins improve insulation resistance and enhance overall performance of the part or machine, in which impregnated processes are used. Impregnation extends component life as well, making it increasingly necessary in the electrical industry. Sales of impregnating resins is expected to increase in the future owing to high demand for electrical components in rapidly expanding automotive and power generation industries. Another important aspect that will support growth is rising demand for high-quality electrical components as a result of regulatory organizations’ implementation of tight legislation to limit emissions. In addition, it is expected that increased usage of impregnating resins in a variety of applications, such as insulation, filament winding, and enhanced heat transfer in electrical components, will drive revenue growth of the market. Moreover, increasing need for impregnation prior to electroplating, lacquering, and baked enamel finishing to eliminate bleed out from acid etches and electrolytes is another factor driving market revenue growth. Also, resin's role as a machining additive extends tool life on a part that needs to be machined to net form.

Get a sample of the report: https://www.reportsanddata.com/download-free-sample/1465

Top Companies: Altana Divisions, Axalta Coating Systems, LLC., Kyocera Corporation, Showa Denko K.K., Von Roll, Henkel AG & Co. KGaA, Huntsman International LLC., 3M, Polymer Composites, Inc., and Robnor ResinLab Ltd.

Further Key Finding from the Report Suggestion:

·         The solventless segment is expected to register a rapid revenue growth rate during the forecast period owing to increasing demand in electrical and electronics industry due to benefits such as high resin film builds, high reactivity, low viscosity, room temperature impregnation, good stability, slot fill, and advanced technical properties, among others. Also, in order to reduce VOC emissions, market players have also created next-generation water-based impregnating resins.

·         The phenol formaldehyde segment is expected to lead in terms of revenue contribution to the global market over the forecast period owing to rising demand for moldings fit for various uses. Phenolic resins are mainly used in circuit board production for making circuit boards, such as PCB, due to their improved strength, dimensional stability, and greater impact resistance. They are also utilized in construction of panels, gears, bearings, chemical equipment, airplane parts, clutch and brake linings, jigs, and dyes because of their great heat and chemical resistance.

·         The motor segment is expected to register a steady revenue growth rate during the forecast period owing to increasing demand for Electric Vehicles (EVs). Appropriate insulation is becoming increasingly important for greater longevity and efficiency. In addition, electric winding impregnation raises temperature generated during usual operation and increases coil insulation and motor's overall performance. Thus, resins decrease  risk of winding short circuits, which gradually improves motor's operational life.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

Download Summary: https://www.reportsanddata.com/download-summary-form/1465

The global Impregnating Resins Market is segmented into:

Form Outlook (Revenue, USD Billion; 2019–2030)

·         Solventless

·         Solvent based

Type Outlook (Revenue, USD Billion; 2019–2030)

·         Phenol Formaldehyde

·         Urea Formaldehyde

·         Melamine Formaldehyde

Application Outlook (Revenue, USD Billion; 2019–2030)

·         Motors

·         Generators

·         Automotive and Electronic Components

·         Home Appliances

·         Transformers

·         Others

Regional Outlook:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1465

Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.

Browse More Reports:

Low-E Glass Market https://www.reportsanddata.com/report-detail/low-e-glass-market

Nitrile Rubber Market https://www.reportsanddata.com/report-detail/nitrile-rubber-market

Infection Control Market https://www.reportsanddata.com/report-detail/global-infection-control-market

Metal Casting Market https://www.reportsanddata.com/report-detail/metal-casting-market

Plastic Decking Market https://www.reportsanddata.com/report-detail/plastic-decking-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports


Comments

Post a Comment

Popular posts from this blog

Commercial Windows Market Growth Factors, Applications, Regional Analysis and Trend Forecast 2032

  rapid expansion in the global building sector is another factor driving market revenue growth. The global Commercial Windows Market size was USD 3.33 Billion in 2022 and is expected to reach USD 4.54 Billion in 2032, and register a rapid revenue CAGR of 3.5 % during the forecast period. Rapid expansion in the global construction sector, increasing awareness about advantages of natural light and ventilation, and rising demand for energy-efficient and sustainable building solutions are major factors driving market revenue growth. There is an increasing need for Energy-Efficient Windows that can assist lower energy expenses and carbon emissions due to increasing worries about environmental deterioration and energy usage. Demand for sustainable building solutions, particularly commercial windows, is rising by increasing emphasis on Green Building certification schemes such as Leadership in Energy and Environmental Design (LEED) and Building Research Establish...
Read more

Atomized Ferrosilicon Market 2028: Analysis of Key Trends, Drivers, and Opportunities Across Regions

  increasing demand for atomized ferrosilicon in the Asia-Pacific region, particularly in China and India The Atomized Ferrosilicon Market showed a significant robustness in 2020 and is expected to maintain a steady revenue CAGR over the forecast period, driven by increasing demand for building and sealing materials, welding materials, and growing infrastructure requirements worldwide. Ferrosilicon, an iron-silicon alloy, has a wide range of applications in the building, manufacturing, and architecture sectors. Although, heavy media losses in practical operation are restraining the market growth. Metallurgy processing is the largest segment of the global Atomized Ferrosilicon Market, and Asia Pacific is the largest revenue-generating region. The market has a few competitors or participants, which is an opportunity for start-ups if they offer superior and more evolved products. The report provides historical data points and forecasts for revenue growth at a global, regional, and ...
Read more

Growing need for eco-friendly packaging materials in the packaging sector, as well as a strong sense of demand for abaca fiber in the textile industry.

  The global  Abaca Fiber Market  size was USD 556.64 Million in 2022 and is expected to register a revenue CAGR of 15% over the forecast period, according to the latest report by Reports and Data. The demand for abaca fiber in the packaging sector is on the rise due to the increasing need for eco-friendly packaging materials. Abaca fiber is a biodegradable, compostable, and renewable alternative to plastic and other non-biodegradable materials, making it an excellent option for creating bags, containers, and other packaging materials. As the focus on sustainability continues to grow, abaca fiber is becoming an increasingly popular choice for those seeking environmentally-friendly packaging solutions. Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/5963 Top Lading Players: Catanduanes Fibers Estate Corporation, KenDor Textiles, Syncot Plc, Raffia Tapes & Labels Pvt. Ltd., Suzano S.A., International Fibers Group, Yusen Associates...
Read more