Press release
Impregnating resins Market Size to reach USD 3.14 Billion 2032 | Emergen Research
Impregnating resins Market
Drivers of Impregnating Resins Market Growth
Increased Usage in Electrical and Electronics Segment: The demand for impregnating resins is on the rise in the electrical and electronics segment due to their essential qualities such as electrical insulation, weather resistance, and mechanical stability. These resins enhance insulation, protect against vibrations, and boost resistance to temperature variations and mechanical stress, reducing the risk of short circuits in integrated circuits, transistors, and printed circuit boards.
Rising Demand from Automotive Industry: With increasing automotive production demands, impregnating resins are becoming a popular choice for insulating electric and automotive components. Their exceptional strength and modulus make them ideal for enhancing productivity and energy efficiency in the automotive sector.
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Increasing Installation of Electrical Grids: Infrastructure upgrades and the integration of advanced electrical equipment are driving the demand for impregnating resins, particularly in the United States. The installation of electrical grids necessitates transformers for voltage regulation, fueling the demand for impregnating resins to enhance thermal performance and regulation within these transformers.
Challenges Facing Impregnating Resins Market
Despite the promising growth prospects, the impregnating resins market faces challenges such as the limited availability of high-quality raw materials and the high cost of premium raw materials. Additionally, volatility in raw material prices can compromise product quality and pose challenges for both suppliers and consumers.
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Segment Insights
Impregnating Resins Type Insights: The market is segmented into phenol formaldehyde resins, urea formaldehyde resins, and melamine formaldehyde resins. Phenol formaldehyde resins dominate the market due to their excellent thermal insulation and durability, while melamine formaldehyde resins offer additional benefits such as heat and fire resistance.
Impregnating Resins Form Insights: Solventless resins are poised to dominate the market due to their superior performance characteristics, including high reactivity and stability at room temperature. They find extensive use in coating electrical machine windings and electronic component manufacturing facilities.
Impregnating Resins Application Insights:
The automotive segment accounts for the largest market share, driven by technological advancements and the increasing demand for electric vehicles. Impregnating resins play a crucial role in insulating starters, alternators, and electric motors, enhancing their durability and efficiency.
Major Companies and Competitive Landscape
The global impregnating resins market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Impregnating resins.
Some of the major companies included in the global impregnating resins market report are:
• Henkel AG & Co. KGaA
• Bodo Möller Chemie GmbH
• 3M Company
• KYOCERA Corporation
• Solvay
• Von Roll
• Altana
• Hitachi, Ltd
• ITW Performance Polymers
• Hexiom
• DuPont
• Wacker Chemie AG
• Huntsman International LLC
• BASF SE
• Momentive Performance Materials Inc.
• Robnor ResinLab Ltd
• VUKI a.s.
• Axalta Coating Systems
• Nippon Rika Industries Corporation
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Strategic Development
• In April 2023, BASF SE and SWISS KRONO Group are strengthening their long-term partnership by developing more sustainable solutions and processes. Both partners are collaborating to reduce the carbon footprint of the wood-based panel industry by developing innovative products and calculating the product carbon footprint (PCF). BASF is the first and only supplier of these glues and impregnating resins on the market.
Impregnating Resins Market Segment Analysis
For the purpose of this report, Emergen Research has segmented global impregnating resins market on the basis of type, technology, application, end-use, and region:
• Resin Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Phenol-Formaldehyde Resins
o Urea-Formaldehyde Resins
o Melamine-Formaldehyde Resins
• Form Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Solventless
o Solvent Based Impregnating Resins
• Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o Motors & generators
o Home appliances
o Transformers
o Automotive components
• Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
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Emergen Research 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 analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research 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.
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