- Phenol-Formaldehyde Resins
- Urea-Formaldehyde Resins
- Melamine-Formaldehyde Resins
- Others
Impregnating Resins Market was valued at USD 1,576.1 million in 2022 and is poised to grow at a CAGR of 4.5% over 2023-2029. 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.
Impregnating Resins Market Key Developments:
- In September 2019, Huntsman Advanced Materials, a division of Huntsman Corporation, launched portfolio of ARALDITE® epoxy resin thermal management solutions for electric vehicles, building in North America.
- In July 2018, BASF officially announced the increase in prices for all its Kauramin® and Kaurit® impregnating resins by €30 per metric ton in Europe. Kauramin and Kaurit impregnating resins are condensation products of melamine, urea and formaldehyde.
Impregnating Resins Market Summary
Study Period
2023-29
Base Year
2022
CAGR
4.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Impregnating Resin Market Dynamics
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.
Asia-Pacific Got Significant Share Of
Impregnating Resin Market Regional Analysis
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
Key Features of the Reports
- The impregnating resin market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Impregnating Resins Market Segmentation
By Type
By Form
- Solvent-Based
- Solvent less
By Application
- Motors & Generators
- Home Appliances
- Electronics
- Transformers
- Automotive Components
- Others
Frequently Asked Questions
The impregnating resin market was valued at USD 1,576.1 million in 2022 and is expected to grow at 4.5% CAGR over the forecast period 2023 – 2029.
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.
- Elantas GmbH
- Axalta Coating Systems
- Voll Roll Holdings
- Kyocera Corporation
- Henkel
- Hitachi Chemical Co., Ltd.
- Momentive
- 3M
- Robnor ResinLab Ltd.