According to a market report by Lucintel, the future of the global impregnating resin market looks promising with opportunities in the motor & generator, home appliance, transformer, and automotive component markets. The global impregnating resin market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are execution of numerous government programs to decrease greenhouse gas (GHG) emissions and speed up decarbonization, substantial R&D efforts and the introduction of cutting-edge impregnating resins, as well as, increasing need in the electrical industry for impregnating resins.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in impregnating resin market to 2030 by type (solventless, solvent based, and others), application (motors & generators, home appliances, transformers, automotive components, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, solventless and solvent based are the major segments of impregnating resin market by type. Lucintel forecasts that solventless is expected to witness the higher growth over the forecast period due to their superior performance properties, such as high electrical insulation, thermal stability, and resistance to moisture and chemicals.
Within this market, automotive component is expected to witness the highest growth.
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APAC is expected to witness highest growth over the forecast period due to increase in disposable income, the growing popularity of e-cars, and the requirement for greater distribution and transmission.
Elantas, Axalta Coating, Von Roll, Henkel, and Kyocera are the major suppliers in the impregnating resin market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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