Impregnating Resins Market To Register Growth Of Above 6% By 2027
Worldwide sales of impregnating resins were valued at US$ 1.41 billion at the end of 2021, registering Y-o-Y growth of 3.8%. As per forecasts, the global impregnating resins market is projected to increase at a noteworthy CAGR of 6.5% and reach a market valuation of US$ 2.79 billion by 2032.
Demand for solventless impregnating resins is projected to increase at a higher CAGR of 7.2% from 2022 to 2032. This is mainly because solventless impregnating resins have a lower viscosity standard than other impregnating resins and varnishes, allowing for faster penetration and drainage.
Ceramic inks for food container printing are expected to account for a market revenue of US$ 954.6 million by the end of 2032.
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Key Segments Covered in Impregnating Resins Industry Research
Impregnating Resins Market by Resin Type :
Impregnating Resins Market by Form :
Solventless Impregnating Resins
Solvent-based Impregnating Resins
Impregnating Resins Market by Thermal Class :
Less than 130 Degree Celsius
130 Degree Celsius - 180 Degree Celsius
More than 180 Degree Celsius
Impregnating Resins Market by End Use :
Impregnating Resins Market by Region :
Middle East & Africa
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Competitive Landscape :
Key players are focused on adopting advanced manufacturing technologies for the production of impregnating resins to penetrate the global market and to improve the overall supply chain in the global impregnating resins market.
Impregnating resin manufacturers are also focused on the continuous consolidation among key manufacturers and suppliers, and innovations in the production scenario of the target product for maintaining their existing customer base as well as increasing new customers. Innovations in technologies are expected to boost the demand for impregnating resins market across the globe.
Voltatex 4224, a new product from Axalta Coating Systems, was added to the company's product line, including low-emission, styrene-free vinyl toluene impregnating resins.
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Apart from these insights, the authors of the report by Fact.MR shed light on the following dynamics and answers relevant questions:
What is the share of the most lucrative region in the global Impregnating Resins Market by the end of the forecast period?
Which is the most profitable product segments for most players?
Will top end-use industries continue to contribute sizable shares to the global Impregnating Resins Market?
Which regulatory frameworks in developed markets will change the course of strategies by top international players?
Which microeconomic trends will be key to the expansion of new markets over the forecast period?
Which government policies can prove to be a game-changer for new entrants?
Which technology trends might disrupt the demand in key end-use industries?
Which application areas are most likely to see innovation in the near future?
What is the intensity of competition and degree of consolidation in market shares, and will these remain the same throughout the forecast period?
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