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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Impregnating Resins Market: By Type, By Form, By Application and Geography
Impregnating Resins Market: By Type, By Form, By Application and Geography
Impregnating Resins Market was valued at US$ 2,687.2 million in 2023 and is poised to grow at a CAGR of 4.5% over 2024-2030. Impregnating resins are liquid resins that are diluted with reactive thinners to cure entirely on the item to which they are applied further providing copper windings and coils with enhanced heat dissipation, great mechanical stability, and electrical insulation. The increased demand for electrical appliances with flexible insulation drives the global impregnating resins market. They are highly employed in electric motors, transformers, and other electrical devices where insulation and structural integrity are required.
Furthermore, owing to the better performance they offer at a reasonable price, impregnating resins have also become more popular as EV production and its use have risen. For the creation of impregnating resins, several car and electronics industries use renewable raw resources. But recently, focused on creating low-emission impregnating resins that would allow manufacturers to produce more efficient and smaller motors by allowing standard design motors to run at lower temperatures, which is anticipated to propel market revenue growth. However, the depreciating quality of raw materials and low efficiency of solvent-based impregnating resins hinder the growth of the market. However, increased industrialization, fast urbanization, changes in infrastructure for power generation, distribution, and transmission, as well as the switch from internal combustion engines to electric motors in automobiles are anticipated to fuel the demand for impregnating resin market over the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
4.50%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The market is expected to rise owing to shifting to solventless impregnation solvents due to their properties like higher dissipation factor, heat resistance, and water absorption. It’s features like fast curing, stable storage, high mechanical strength, and excellent insulation performance. It is widely used and suitable for the impregnation of many types of motors and apparatus coils of class B, F, and H. It is recommended for Y2 series motors, water pump motors, traction motors, large transformers, and dry-type transformers. It can be used by common immersion, continuous immersion, and VPI methods of application. For instance, in February 2021, SILIBASE SILICONE introduced SilibaseSR-9862C used in the C-level vacuum pressure impregnation insulation treatment of motors and transformers.
The Asia Pacific Impregnating resin market was grew at 4.8% CAGR over the historic years and is poised to grow at 5.1 % CAGR over the forecast period owing to extensive automobile and manufacturing sectors in the area. The market for impregnating resins is booming on account of excellent economic conditions in nations like China, India, Indonesia, Vietnam, Thailand, and other parts of Asia Pacific, as well as supportive government policies. The governments of the countries in the region are working to urbanize their nations while concentrating on delivering energy to the countryside. Additionally, inexpensive labor, and through enforcing plans and boosting expenditures, they are actively involved in extending the industrial verticals. Such elements are accelerating the impregnating resin industry's overall expansion.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2,687.2 million |
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Market CAGR |
4.50% |
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By Type |
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By Form |
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By Application |
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The impregnating resin market was valued at US$ 2,687.2 million in 2023 and is expected to grow at 4.5% CAGR over the forecast period 2024 – 2030.
The increasing demand for electrical appliances with flexible insulation drives the market.
Elantas GmbH, Axalta Coating Systems, Voll Roll Holdings, Kyocera Corporation, Henkel, Hitachi Chemical Co., Ltd., Momentive, Von Roll, 3M and Robnor ResinLab Ltd. are a few companies in the impregnating resins market.
| 1.Executive Summary |
| 2.Global Hexagonal Boron Nitride Market Introduction |
| 2.1.Global Hexagonal Boron Nitride Market - Taxonomy |
| 2.2.Global Hexagonal Boron Nitride Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Form |
| 2.2.4.Region |
| 3.Global Hexagonal Boron Nitride Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Hexagonal Boron Nitride Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Hexagonal Boron Nitride Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Phenol-Formaldehyde Resins |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Urea-Formaldehyde Resins |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Melamine-Formaldehyde Resins |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Hexagonal Boron Nitride Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Motors & Generators |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Home Appliances |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Transformers |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Automotive Components |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Hexagonal Boron Nitride Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Solvent-Based |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Solvent less |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Hexagonal Boron Nitride Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Phenol-Formaldehyde Resins |
| 9.1.2.Urea-Formaldehyde Resins |
| 9.1.3.Melamine-Formaldehyde Resins |
| 9.1.4.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Motors & Generators |
| 9.2.2.Home Appliances |
| 9.2.3.Electronics |
| 9.2.4.Transformers |
| 9.2.5.Automotive Components |
| 9.2.6.Others |
| 9.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Solvent-Based |
| 9.3.2.Solvent less |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Phenol-Formaldehyde Resins |
| 10.1.2.Urea-Formaldehyde Resins |
| 10.1.3.Melamine-Formaldehyde Resins |
| 10.1.4.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Motors & Generators |
| 10.2.2.Home Appliances |
| 10.2.3.Electronics |
| 10.2.4.Transformers |
| 10.2.5.Automotive Components |
| 10.2.6.Others |
| 10.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Solvent-Based |
| 10.3.2.Solvent less |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Phenol-Formaldehyde Resins |
| 11.1.2.Urea-Formaldehyde Resins |
| 11.1.3.Melamine-Formaldehyde Resins |
| 11.1.4.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Motors & Generators |
| 11.2.2.Home Appliances |
| 11.2.3.Electronics |
| 11.2.4.Transformers |
| 11.2.5.Automotive Components |
| 11.2.6.Others |
| 11.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Solvent-Based |
| 11.3.2.Solvent less |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Phenol-Formaldehyde Resins |
| 12.1.2.Urea-Formaldehyde Resins |
| 12.1.3.Melamine-Formaldehyde Resins |
| 12.1.4.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Motors & Generators |
| 12.2.2.Home Appliances |
| 12.2.3.Electronics |
| 12.2.4.Transformers |
| 12.2.5.Automotive Components |
| 12.2.6.Others |
| 12.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Solvent-Based |
| 12.3.2.Solvent less |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Phenol-Formaldehyde Resins |
| 13.1.2.Urea-Formaldehyde Resins |
| 13.1.3.Melamine-Formaldehyde Resins |
| 13.1.4.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Motors & Generators |
| 13.2.2.Home Appliances |
| 13.2.3.Electronics |
| 13.2.4.Transformers |
| 13.2.5.Automotive Components |
| 13.2.6.Others |
| 13.3. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Solvent-Based |
| 13.3.2.Solvent less |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Elantas GmbH |
| 14.2.2.Axalta Coating Systems |
| 14.2.3.Voll Roll Holdings |
| 14.2.4.Kyocera Corporation |
| 14.2.5.Henkel |
| 14.2.6.Hitachi Chemical Co., Ltd. |
| 14.2.7.Momentive |
| 14.2.8.3M |
| 14.2.9.Robnor ResinLab Ltd. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.