1. Market Research
  2. > Automotive
  3. > Motor Vehicle Market Trends
Impregnating Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Impregnating Resins Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • November 2021
  • 177 pages
  • ID: 6187423
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Global Impregnating Resins Market size is evaluated at USD 1387 million in 2020 and is projected to register a CAGR of over 5% during the forecast period (2021-2026).

COVID-19 has negatively affected the market in 2020. The automotive sector suffered a huge setback because of the pandemic. Global leaders in automotive production, such as the United States, witnessed a drop of 19% in automotive production, respectively, in 2020. The industry produced 8.82 million vehicles in 2020, which reduced from 10.89 million vehicles produced in 2019. The performance of the automotive industry was also affected by the economic shifts and China’s trade war with the United States. In United States, in March 2020, Ford, Fiat Chrysler, General Motors, Mercedes-Benz, Subaru, Toyota, and Volkswagen amongst others announced the suspension of their production at their plants in the United States and in other parts of North America for a few weeks to a couple of months to prevent the spread of virus.

Key Highlights
Increasing electric vehicle production is expected to offer various opportunities for the growth of market.
Asia-Pacific region dominated the market for impregnating resins with India, China, Japan as major countries in consumption.

Key Market Trends

Increasing Application in Motors and Generators

Impregnation is the process of closing and sealing the voids between wires in a component such as an electric drive motor with an insulating material.
Impregnation of the electrical windings of rotors and stators in the electric motor, hybrid motor, generator, hydraulic motor, pumps improves the overall performance and helps to extend the operating life equipment.
Vacuum Pressure Impregnation is the most commonly used method of Impregnation in the motor and generator industry. The system has a resin (or varnish) storage tank and an impregnating chamber. Coils to be treated are placed in the impregnating chamber and the chamber is evacuated by a vacuum pump. Resin is drawn from the storage tank in the impregnating chamber. Resin can be forced with additional pressure for better penetration in the winding. After a stipulated time, the resin is transferred to the storage tank and stored in cold conditions.
Trickle Impregnation method is generally used for quick production cycles in the motor or generator industry with minimal (no wastage) of resin. Single or groups of stator/rotor are kept on a tray called the work-station. The components on the work-station are heated. The work-station spins slowly as it gets coats of resin.
US manufacturing of electric motors and generators involves about 420 establishments (single-location companies and units of multi-location companies).
According to the US Census Bureau, in 2020, the country generated a sales revenue of USD 9.31 billions from the motors and generator. It is projected that the revenue of motor and generator manufacturing in the United States will amount to approximately 10 billion USD by 2024. ?
With the increasing usage of electric motor and generator from automotive industry the demand of impregnating resins is likely to increase in the forecast period.

Asia-Pacific Region to Dominate the Market

Asia-Pacific region is expected to dominate the market for impregnating resins during the forecast period. In countries like China, India, and Japan because of growing electrical and automobile manufacturing facilities, the demand and utilization of impregnating resins have been increasing the scope of this market during the forecast period.
China is the largest base for electronics production in the world. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices recorded the highest growth in the consumer electronics segment.
In China, with the increase in the disposable income of the middle-class population and the rising demand for electrical and electronic products countries importing electronic products from China, the production of consumer electronics is projected to grow. With the growing electrical and electronics industry, the demand for the market is expected to increase. The country serves not only domestic demand for electrical and electronics but also exports the output to other countries. ?
According to the National Bureau of Statistics of China, in December 2020, retail sales of household appliances and consumer electronics in China had amounted to about 100 billion yuan.
India is growing to be a huge production hub for motor vehicles in the Asia-Pacific region. The increasing consumer purchasing power and high competition among OEMs have been boosting the need for high-end electronics to be equipped in vehicles across different price ranges in recent times. Owing to the COVID-19 outbreak and fall in domestic manufacturing activities, India witnessed a 13% decline in vehicle production outputs in 2020.
Thus, based on the growing demand from various applications, the Asia-Pacific region is expected to be the largest region for impregnating resins over the forecast period.

Competitive Landscape

The global impregnating resins market is partially consolidated, with the presence of both international and regional players. The top five players account for a noticeable share of the global market size. The major companies are Axalta Coating Systems, Elantas GmbH, HitaHenkel AG & Co. KGaA, Huntsman International LLC, and Von Roll, among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on