Product Code: CH 6756
"The impregnating resins market is projected to register a CAGR of 6.5%, in terms of value, between 2020 and 2025."
The impregnating resins market size is projected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.5% during the forecast period. Rapid industrialization in emerging economies, decentralization & decarbonization of the energy sector in developed economies, and growing demand for electric vehicles is propelling the global impregnating resins market. Furthermore, the replacement of old transmission & distribution infrastructure in developed countries coupled with increasing electrification in emerging economies is also boosting the demand for impregnating resins. However, the price and availability of raw materials can hinder the growth of the market.
The solventless type segment is estimated to be the largest type segment of impregnating resins during the forecast period.
The solventless type segment accounts for the largest market share, in terms of value and volume, in the impregnating resins market. This segment includes monomer-based epoxy, alkyd, unsaturated polyester, and other resins. These resin formulations have low viscosity that ensures fast and deep impregnation of rotational machines. Advantages offered by solventless impregnation, such as room temperature impregnation, excellent stability, very high reactivity, and versatile processability, are boosting the consumption of these resins.
The automotive components segment is expected to be the fastest-growing impregnating resins application during the forecast period.
The automotive components segment is projected to grow with the highest CAGR during the forecast period. Impregnating resins are used in automotive components for the impregnation of starters & alternators in conventional vehicles and electric motors in electric vehicles. Accelerated decarbonization and stringent regulations to reduce greenhouse gas emission (GHG) are propelling the demand for electric vehicles, which ultimately boosts the consumption of impregnating resins. Also, government initiatives such as the development of charging infrastructure and subsidized sales of electric vehicles are also driving the impregnating resins market.
Europe is estimated to be the largest consumer of impregnating resins during the forecast period.
Europe is estimated to be the largest impregnating resins market in terms of value. Decentralization and decarbonization of the energy sector in the region, rising demand for automotive components, and stringent government regulations to curb pollution levels and to reduce the need for expensive fossil fuels are the primary drivers of the impregnating resins market in the region.
The market sizes estimated in this study were validated through primary interviews conducted with various industry experts globally. These primary sources are divided into three categories:
- By Company Type: Tier I - 25%, Tier II - 50%, and Tier III - 25%
- By Designation: C Level - 20%, Director Level - 30%, and Others - 50%
- By Region: Europe - 30%, APAC - 25%, North America - 20%, South America - 15%, Middle East & Africa - 10%
The report profiles several leading players of the impregnating resins market that include: Elants (Germany), Axalta Coating Systems (US), Voll Roll Holdings (Switzerland), Kyocera Corporation (Japan), Henkel (Germany), and Hitachi Chemical Co., Ltd. (Japan). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the market.
RESEARCH COVERAGE:
The objective of this study is to define, describe, and forecast the impregnating resins market based on various segmentations and strategically analyze these market segments concerning individual growth trends, growth prospects, and contribution to the overall growth. In this report, the impregnating resins market has been segmented based on type, application, and region.
KEY BENEFITS OF BUYING THE REPORT:
The report is expected to help market leaders/new entrants in the impregnating resins market in the following ways:
- 1. This report comprehensively segments the impregnating resins market and provides the closest approximations for the sizes of different segments and sub-segments of the market across different verticals and regions.
- 2. This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about strategies, such as investment & expansion, new product development, merger & acquisition, and agreement & collaboration which were undertaken by various key players to enhance their position in the impregnating resins market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.3 MARKET SCOPE
- 1.3.1 IMPREGNATING RESINS MARKET SEGMENTATION
- 1.3.2 REGIONS COVERED
- 1.3.3 YEARS CONSIDERED FOR THE STUDY
- 1.4 CURRENCY
- 1.5 UNIT CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 LIMITATIONS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Key industry insights
- 2.1.2.3 Breakdown of primary interviews
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- 2.3.1 IMPREGNATING RESINS MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
- 2.4 LIMITATIONS
- 2.5 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN THE IMPREGNATING RESINS MARKET
- 4.2 IMPREGNATING RESINS MARKET SIZE, BY TYPE
- 4.3 IMPREGNATING RESINS MARKET SIZE, BY APPLICATION
- 4.4 IMPREGNATING RESINS MARKET, BY MAJOR COUNTRIES
- 4.5 APAC IMPREGNATING RESINS MARKET, BY APPLICATION AND COUNTRY, 2019
5 MARKET OVERVIEW
- 5.1 MARKET DYNAMICS
- 5.1.1 DRIVERS
- 5.1.1.1 Growing traction of electric vehicles
- 5.1.1.2 Transformation in electricity generation, transmission, and distribution infrastructure
- 5.1.2 RESTRAINTS
- 5.1.2.1 Volatility in raw material prices
- 5.1.3 OPPORTUNITIES
- 5.1.3.1 Adoption of smart grid technology
- 5.1.4 CHALLENGES
- 5.1.4.1 Developing cost-effective and environment-friendly resins
- 5.2 PORTER'S FIVE FORCES ANALYSIS
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 THREATS OF SUBSTITUTES
- 5.2.3 BARGAINING POWER OF SUPPLIERS
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF COMPETITIVE RIVALRY
6 IMPREGNATING RESINS MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 SOLVENT BASED
- 6.2.1 EASY AVAILABILITY AND HANDLING IN IMPREGNATING PROCESSES
- 6.3 SOLVENTLESS
- 6.3.1 EFFECTIVE AND FAST IMPREGNATION OF ROTATIONAL PARTS
- 6.4 OTHERS
7 IMPREGNATING RESINS MARKET, BY APPLICATION
- 7.1 INTRODUCTION
- 7.2 MOTORS & GENERATORS
- 7.2.1 GROWING INDUSTRIALIZATION IN EMERGING ECONOMIES TO BOOST CONSUMPTION
- 7.3 HOME APPLIANCES
- 7.3.1 INCREASED URBANIZATION AND CHANGING LIFESTYLE TO FUEL THE MARKET
- 7.4 TRANSFORMERS
- 7.4.1 SMART GRID AND UPGRADED T&D NETWORKS TO DRIVE THE MARKET
- 7.5 AUTOMOTIVE COMPONENTS
- 7.5.1 ACRYLIC FORMULATIONS-BASED IMPREGNATING RESINS ARE USED IN AUTOMOTIVE COMPONENTS
- 7.6 OTHERS
8 IMPREGNATING RESINS MARKET, BY REGION
- 8.1 INTRODUCTION
- 8.2 NORTH AMERICA
- 8.2.1 US
- 8.2.1.1 Growing automobiles and electronics exports to boost the market
- 8.2.2 CANADA
- 8.2.2.1 Government initiatives for the deployment of smart grid technologies to be the governing factor for the market
- 8.2.3 MEXICO
- 8.2.3.1 Automotive components and home appliances applications to drive the impregnating resins market
- 8.3 EUROPE
- 8.3.1 GERMANY
- 8.3.1.1 Changing mobility landscape to fuel the demand for impregnating resins
- 8.3.2 FRANCE
- 8.3.2.1 France- a key producer of electronic equipment
- 8.3.3 SPAIN
- 8.3.3.1 The growth of the ICT sector to boost the demand for impregnating resins
- 8.3.4 UK
- 8.3.4.1 Government initiatives for the reduction of carbon footprints among the major market drivers
- 8.3.5 ITALY
- 8.3.5.1 Increasing emphasis on renewable energy to drive the consumption of impregnating resins
- 8.3.6 RUSSIA
- 8.3.6.1 Electricity infrastructure modernization to propel the market
- 8.3.7 POLAND
- 8.3.7.1 Poland- an emerging hub for automotive electronics
- 8.3.8 REST OF EUROPE
- 8.4 APAC
- 8.4.1 CHINA
- 8.4.1.1 China- the largest APAC impregnating resins market
- 8.4.2 JAPAN
- 8.4.2.1 Technological advancements in automotive components and electronic products to be the market drivers
- 8.4.3 SOUTH KOREA
- 8.4.3.1 Rising demand for eco-friendly mobility solutions to boost the demand for impregnating resins
- 8.4.4 INDIA
- 8.4.4.1 Rapid growth of the industrial sector to propel the market
- 8.4.5 TAIWAN
- 8.4.5.1 Augmentation and modernization of the transmission & distribution network to propel the impregnating resins market
- 8.4.6 REST OF APAC
- 8.5 MIDDLE EAST & AFRICA
- 8.5.1 SOUTH AFRICA
- 8.5.1.1 Growth in the renewable energy sector to drive the market
- 8.5.2 SAUDI ARABIA
- 8.5.2.1 Transition to a non-oil economy to boost the consumption of impregnating resins
- 8.5.3 EGYPT
- 8.5.3.1 Growth in the manufacturing sector to spur the demand
- 8.5.4 REST OF MIDDLE EAST & AFRICA
- 8.6 SOUTH AMERICA
- 8.6.1 BRAZIL
- 8.6.1.1 The country has a large automotive sector
- 8.6.2 ARGENTINA
- 8.6.2.1 Stabilizing economy to boost the automotive sector
- 8.6.3 REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
- 9.1 OVERVIEW
- 9.2 COMPETITIVE LEADERSHIP MAPPING, 2018
- 9.2.1 VISIONARY LEADERS
- 9.2.2 INNOVATORS
- 9.2.3 DYNAMIC DIFFERENTIATORS
- 9.2.4 EMERGING COMPANIES
- 9.3 STRENGTH OF PRODUCT PORTFOLIO
- 9.4 BUSINESS STRATEGY EXCELLENCE
- 9.5 MARKET RANKING OF KEY PLAYERS
- 9.6 COMPETITIVE SITUATION & TRENDS
- 9.6.1 MERGER & ACQUISITION
- 9.6.2 NEW PRODUCT DEVELOPMENT
- 9.6.3 INVESTMENT & EXPANSION
- 9.6.4 AGREEMENT & COLLABORATION
10 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, current focus and strategies, Threat from competitors, right to win)*
- 10.1 ELANTAS
- 10.2 AXALTA COATING SYSTEMS
- 10.3 VON ROLL HOLDINGS
- 10.4 KYOCERA CORPORATION
- 10.5 HENKEL
- 10.6 HUNTSMAN CORPORATION
- 10.7 HITACHI CHEMICAL CO., LTD
- 10.8 3M COMPANY
- 10.9 WACKER CHEMIE
- 10.10 AEV
- 10.11 OTHER MARKET PLAYERS
- 10.11.1 ADITYA BIRLA CHEMICALS
- 10.11.2 BAWA POLYMERS
- 10.11.3 CHUO HATSUMEI INSTITUTE CO., LTD.
- 10.11.4 DEMAK GROUP
- 10.11.5 GABRIEL
- 10.11.6 HEXION
- 10.11.7 JYOTI ENTERPRISES
- 10.11.8 MOMENTIVE PERFORMANCE MATERIALS
- 10.11.9 ROBNOR RESINLAB
- 10.11.10 SUKETU ORGANICS
- 10.11.11 SUMITOMO BAKELITE CO., LTD.
- 10.11.12 TARA PAINTS& CHEMICALS AHMEDABAD
- 10.11.13 VUKI
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, current focus and strategies, Threat from competitors, right to win might not be captured in case of unlisted companies.
11 APPENDIX
- 11.1 DISCUSSION GUIDE
- 11.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
- 11.3 AVAILABLE CUSTOMIZATIONS
- 11.4 RELATED REPORTS
- 11.5 AUTHOR DETAILS
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