Global Impregnating Resins Market Size was valued at around USD 1.45 billion by 2018 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025.

Global Impregnating Resins Market Growth Opportunities (Revenue, Growth) By 2017-2025

Impregnating resins are secondary insulation materials that can be diluted in appropriate amount with thinners. The main task of impregnating resins is to provide mechanical strength and electrical insulation to coils and copper windlings. The application area of impregnating resins is broad and hence they are highly in demand.

Market Dynamics

In 2018, impregnating resins market was valued at around USD 1.45 billion and is expected to expand dynamically during the forecast period, owing to rise in electricity demand and consumption, technological advancement in automobile industry, and augmentation of distribution network to make things easy. Modification and rising adoptation of smart grid and other modern-day technology is also positively influencing the growth of impregnating resins. Furthermore, a number of benefits offered by impregnating resins such as protection from weather, improved mechanical strength, and improved heat dissipation is also expected to boost the growth of impregnating resins market over the forecast period. However certain limitations associated with the application or use of impregnating resins can hinder the growth of impregnating resins market over the forecast period.

Segment Analysis 

Among applications, automotive components segment is anticipated to be rising swiftly and hold the major market share during the forecast period, owing to due to excellent corrosion resistance properties of impregnating resins which make them ideal for automotive. Rising automotive industry and demand for low maintenance automotive is fueling the growth of impregnating resins market due to their higher adaptation by automotive industry.

Among type, Solventless segment is projected to witness fast growth in the global impregnating resins market, due to their extra-ordinary reactivity features as compared to others. Low cost of operation and higher productivity associated with the use of Solventless impregnating resins is expected to propel the growth of the segment during the forecast period. The low viscosity of solventless impregnating resins makes them ideal for a number of industry applications, hence contributing in the growth of the segment.

Regional Analysis

North America is expected to be leading the global impregnating resins market, owing to well-established automotive industry in the region that take impregnating resins into account for a number of purposes. Presence of a number of global market players in North America is expected to drive the growth of impregnating resins market of the region in the upcoming years.

Global Impregnating Resins Market Size, Share Analysis By Region 2017

Asia Pacific is anticipated to be the fastest growing region in the global impregnating resins market due to flourishing industrialization in the region. Generation of electricity due to its higher demand in APAC is also expected to contribute greatly in the growth of impregnating resins market in Asia Pacific. Furthermore, increased focus of market players on manufacturing novel and innovative impregnating resins and related products will give a boost to the impregnating resins market of Asia Pacific. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.  

Competitive Landscape

Major players performing in impregnating resins market are Axalta Coatings Systems, Hitachi Chemicals Co. Ltd., Elantas GmbH, Kyocera Corporation, and Von Roll Holdings AG. There are several other local and international market players that are working hard to maintain their status in the market.

Impregnating Resins Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors (APSCA), General Service Administration (US), Department of Transportation (US), and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Impregnating Resins Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in impregnating resins market are included as primary sources of the supply side.

After performing comprehensive engineering of impregnating resins market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Global Impregnating Resins Market Study Report Offer You!

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