The global impregnating resins market size was worth around USD 1.39 billion in 2021 and is predicted to grow to around USD 2.25 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.51% between 2022 and 2028.
The global impregnating resins market size was worth around USD 1.39 billion in 2021 and is predicted to grow to around USD 2.25 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.51% between 2022 and 2028. The report analyzes the global impregnating resins market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the impregnating resin market.
Impregnating resins are liquids that are organic and slightly viscous. The resins generally contain formaldehyde, a naturally occurring compound, and are composed of trimers or dimers of the main molecule. However, they can turn into polymers by the act of curing, a chemical process involving the hardening or toughening of a given polymer. Impregnating resins are also called secondary insulators, and have the capability of curing the material to which they are applied.
Some of the main reasons why chemically enhanced liquid resins are gaining popularity is because they impart qualities like protection from climate changes, higher mechanical stability, and electrical insulation, along with better heat dissipation in copper coils or windings. They have wide applications in industrial units dealing with electrical motors, generators, and transformers along with other heavy metal industries.
As per the analysis shared by our research analyst, the global impregnating resins market is estimated to grow annually at a CAGR of around 6.51% over the forecast period (2022-2028).
The global market was severely impacted during the peak of the pandemic owing to various supply chain issues as well as problems associated with the procurement of raw materials. However, there was a significant increase in revenue during 2021 owing to the rise in the automation sector propelling the demand for impregnating resins.
Rising demand in the automotive sector to propel market growth
The global impregnating resins market is projected to grow owing to the increasing demand for protection-providing resins in the growing automotive sector. Impregnating resins provide excellent cover against the changing environmental factors thus improving the overall shelf-life of the product to which they are applied. Consumers of automotive sectors are demanding vehicles that can withstand environmental changes since vehicles are extremely prone to damage in case of sudden climatic conversions since the quality of insulation provided to the motor determines its efficiency and durability.
Resin impregnation is becoming more popular in the production of electric vehicles (EVs). The increasing demand for durable engines that also have qualities like lower noise emission and better power density, is on the rise. The market for EVs has been expanding owing to various factors like increased income, environmental impact awareness, and others. In the United States, around 607,659 units of EVs were sold in 2021 with a total sales revenue of 2.31 million
Low efficiency of solvent-based resins to restrict market expansion
The global market size may witness restricted growth owing to the poor performance of solvent-based impregnating resins since they offer poor heat resistance as compared to its counterpart. There are also concerns about the reaction of solvent-based resins with the external environment resulting in diminished performance quality.
Growing demand for EV’s in emerging economies to provide excellent opportunities
The global impregnating resins market size is projected to benefit from the rising demand for electric vehicles in developing economies, where there is significant growth in the modernization of regions resulting in an improved standard of living and higher disposable income. There is a growing trend of international players entering the newer regions since they have massive growth potential. With collaborations with domestic players or through heavy investments, more industry giants are anticipated to enter the EV industry in emerging economies.
Increased total costs pose a challenge to market growth
Using impregnating resins leads to an overall increase in the final cost of production and eventually the product. There are growing measures toward adopting other most cost-effective ways of providing the same insulation as impregnating resins however at lower prices. Such trends may lead to challenges for global market growth.
The global impregnating resin market is segmented based on type, application, resin type, and region.
Based on type, the global market segments are solvent-based and solventless. The global market is projected to be dominated by the solventless segment during the projection period owing to the better output presented by solvent-free resins. Since they are less viscous, they provide deeper and faster impregnation in rotational parts or machines. Other factors like versatile processability, high reactivity, and better stability are some of the reasons for a higher adoption rate. Generally, more viscous resins have 2-6 epoxy groups for every molecule.
Based on application, the global market is divided into home appliances, motors & generators, transformers, power tools & electric tools, automotive components, and others where automotive components generate the highest revenue. The vehicle industry witnessed a growth of around 2.9% in 2021 from 2020 owing to the increased number of options in the vehicle segment catering to each consumer unit.
Based on resin type, the global market is divided into epoxy, polyester / unsaturated polyesters, polyesteramides, silicone, and others. The global market may witness high growth in the silicone segment since these resins offer resistance to extremely high temperatures as well as harsh chemicals that are extremely common in today's urbanized world. Silicones have an operating temperature ranging between -60°C and up to +230°C
Recent Developments:
Report Attributes | Report Details |
---|---|
Report Name | Impregnating Resins Market Research Report |
Number of Pages | 187 |
Key Companies Covered | BASF SE, Elantas, Kyocera Corporation, Axalta Coating Systems, Hitachi Chemical Co. Ltd.,Huntsman, Henkel, Bodo Moller Chemie Group, Robnor Resinlab, AEV, and 3M |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to lead regional revenue during the projection period
The global impregnating resins market is anticipated to register the highest growth in Asia-Pacific owing to the growing electronics and electrical industries across regions like India, China, Japan, Taiwan, and others. Countries in Asia-Pacific are emerging at the top in terms of growth in the automobile sector which is propelled by the increasing number of players providing a range of automobiles starting from middle-income groups to premium end. Urbanization and growing job opportunities have helped the population in these countries improve their standard of living while also contributing to increased disposable income.
Taiwan and China are leading globally in the electronics segment which is fueled by the government’s initiatives to help the industries grow further. A growing number of collaborations with international players, along with better policies for foreign investors, and increased funds are some of the reasons for the regional growth. North America is projected to register a significant CAGR driven by the growing electric vehicle segment, whereas the United States is projected to generate higher revenue.
The global impregnating resins market is home to players like BASF SE, Elantas, Kyocera Corporation, Axalta Coating Systems, Hitachi Chemical Co. Ltd.,Huntsman, Henkel, Bodo Moller Chemie Group, Robnor Resinlab, AEV, and 3M
The global impregnating resins market is segmented as follows:
By Type
By Application
By Resin Type
By Region
FIG NO. 1.Market Attractiveness Analysis, By Type
FIG NO. 2.Market Attractiveness Analysis, By Application
FIG NO. 3.Market Attractiveness Analysis, By Resin Type
FIG NO. 4.Global Impregnating Resins Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5.Impregnating Resins Market Revenue Share, By Type, 2021 & 2028
FIG NO. 6.Global Impregnating Resins market for Solventless, Revenue (USD Million) 2016 – 2028
FIG NO. 7.Comparative Revenue Analysis of Impregnating Resins market for Solventless, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 8.Global Impregnating Resins market for Solvent Based, Revenue (USD Million) 2016 – 2028
FIG NO. 9.Comparative Revenue Analysis of Impregnating Resins market for Solvent Based, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 10.Global Impregnating Resins market for Type 3, Revenue (USD Million) 2016 – 2028
FIG NO. 11.Comparative Revenue Analysis of Impregnating Resins market for Type 3, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 12.Global Impregnating Resins market for Type 4, Revenue (USD Million) 2016 – 2028
FIG NO. 13.Comparative Revenue Analysis of Impregnating Resins market for Type 4, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 14.Global Impregnating Resins market for Type 5, Revenue (USD Million) 2016 – 2028
FIG NO. 15.Comparative Revenue Analysis of Impregnating Resins market for Type 5, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 16.Impregnating Resins Market Revenue Share, By Application, 2021 & 2028
FIG NO. 17.Global Impregnating Resins market for Motors & Generators, Revenue (USD Million) 2016 – 2028
FIG NO. 18.Comparative Revenue Analysis of Impregnating Resins market for Motors & Generators, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 19.Global Impregnating Resins market for Home Appliances, Revenue (USD Million) 2016 – 2028
FIG NO. 20.Comparative Revenue Analysis of Impregnating Resins market for Home Appliances, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 21.Global Impregnating Resins market for Transformers, Revenue (USD Million) 2016 – 2028
FIG NO. 22.Comparative Revenue Analysis of Impregnating Resins market for Transformers, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 23.Global Impregnating Resins market for Automotive Components, Revenue (USD Million) 2016 – 2028
FIG NO. 24.Comparative Revenue Analysis of Impregnating Resins market for Automotive Components, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 25.Global Impregnating Resins market for Power Tools and Electric Tools, Revenue (USD Million) 2016 – 2028
FIG NO. 26.Comparative Revenue Analysis of Impregnating Resins market for Power Tools and Electric Tools, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 27.Impregnating Resins Market Revenue Share, By Resin Type, 2021 & 2028
FIG NO. 28.Global Impregnating Resins market for Epoxy, Revenue (USD Million) 2016 – 2028
FIG NO. 29.Comparative Revenue Analysis of Impregnating Resins market for Epoxy, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 30.Global Impregnating Resins market for Polyester/Unsaturated Polyesters, Revenue (USD Million) 2016 – 2028
FIG NO. 31.Comparative Revenue Analysis of Impregnating Resins market for Polyester/Unsaturated Polyesters, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 32.Global Impregnating Resins market for Polyesterimide, Revenue (USD Million) 2016 – 2028
FIG NO. 33.Comparative Revenue Analysis of Impregnating Resins market for Polyesterimide, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 34.Global Impregnating Resins market for Silicones, Revenue (USD Million) 2016 – 2028
FIG NO. 35.Comparative Revenue Analysis of Impregnating Resins market for Silicones, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 36.Global Impregnating Resins market for Resin Type 5, Revenue (USD Million) 2016 – 2028
FIG NO. 37.Comparative Revenue Analysis of Impregnating Resins market for Resin Type 5, by Country Revenue (USD Million) 2016 – 2028
FIG NO. 38.Global Impregnating Resins Market Revenue Share, By Region, 2021 & 2028
FIG NO. 39.North America Impregnating Resins Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 40.Europe Impregnating Resins Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 41.Asia Pacific Impregnating Resins Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 42.Latin America Impregnating Resins Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 43.The Middle-East and Africa Impregnating Resins Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 44.Porter’s Five Forces Analysis for Global Impregnating Resins Market
FIG NO. 45.PEST Analysis for Global Impregnating Resins Market
FIG NO. 46.Value Chain Analysis for Global Impregnating Resins Market
FIG NO. 47.Company Share Analysis, 2021
FIG NO. 48.Impregnating Resins market – Company Market Share
FIG NO. 49.Company Strategic Developments – Heat Map Analysis
FIG NO. 50.Elantas Business Segment Revenue Share, 2021 (%)
FIG NO. 51.Elantas Geographical Segment Revenue Share, 2021 (%)
FIG NO. 52.Research Methodology – Detailed View
FIG NO. 53.Research Methodology
TABLE NO. 1. :Global Impregnating Resins Market: Snapshot
TABLE NO. 2. :Impregnating Resins Gross Margin Analysis, By Type, 2016 – 2021 (%)
TABLE NO. 3. :Impregnating Resins Gross Margin Analysis, By Resin Type, 2016 – 2021 (%)
TABLE NO. 4. :Impregnating Resins Gross Margin Analysis, By Application, 2016 – 2021 (%)
TABLE NO. 5. :Impregnating Resins Gross Margin Analysis, By Type, 2016 – 2021 (%)
TABLE NO. 6. :Impregnating Resins Gross Margin Analysis, By Company, 2019 – 2021 (%)
TABLE NO. 7. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 8. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 9. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 10. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 11. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 12. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 13. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 14. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 15. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 16. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 17. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 18. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 19. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 20. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 21. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 22. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 23. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 24. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 25. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 26. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 27. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 28. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 29. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 30. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 31. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 32. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 33. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 34. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 35. :Impregnating Resins market, By Region, 2016 – 2021 (USD Million)
TABLE NO. 36. :Impregnating Resins market Revenue, By Region, 2022 – 2028 (USD Million)
TABLE NO. 37. :Global Impregnating Resins market Revenue, By Region, 2016 – 2020 (USD Million)
TABLE NO. 38. :Global Impregnating Resins Market Revenue, By Region, 2021 – 2028 (USD Million)
TABLE NO. 39. :Global Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 40. :Global Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 41. :Global Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 42. :Global Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 43. :Global Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 44. :Global Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 45. :North America Impregnating Resins Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 46. :North America Impregnating Resins Market Revenue, By Country, 2021 – 2028 (USD Million)
TABLE NO. 47. :North America Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 48. :North America Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 49. :North America Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 50. :North America Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 51. :North America Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 52. :North America Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 53. :U.S. Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 54. :U.S. Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 55. :U.S. Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 56. :U.S. Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 57. :U.S. Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 58. :U.S. Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 59. :Canada Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 60. :Canada Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 61. :Canada Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 62. :Canada Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 63. :Canada Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 64. :Canada Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 65. :Mexico Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 66. :Mexico Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 67. :Mexico Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 68. :Mexico Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 69. :Mexico Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 70. :Mexico Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 71. :Europe Impregnating Resins Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 72. :Europe Impregnating Resins Market Revenue, By Country, 2021 – 2028 (USD Million)
TABLE NO. 73. :Europe Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 74. :Europe Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 75. :Europe Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 76. :Europe Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 77. :Europe Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 78. :Europe Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 79. :Asia Pacific Impregnating Resins Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 80. :Asia Pacific Impregnating Resins Market Revenue, By Country, 2021 – 2028 (USD Million)
TABLE NO. 81. :Asia Pacific Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 82. :Asia Pacific Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 83. :Asia Pacific Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 84. :Asia Pacific Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 85. :Latin America Impregnating Resins Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 86. :Latin America Impregnating Resins Market Revenue, By Country, 2021 – 2028 (USD Million)
TABLE NO. 87. :Latin America Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 88. :Latin America Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 89. :Latin America Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 90. :Latin America Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 91. :Latin America Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 92. :Latin America Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 93. :The Middle-East and Africa Impregnating Resins Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 94. :The Middle-East and Africa Impregnating Resins Market Revenue, By Country, 2021 – 2028 (USD Million)
TABLE NO. 95. :The Middle-East and Africa Impregnating Resins Market Revenue, By Type, 2016 – 2020 (USD Million)
TABLE NO. 96. :The Middle-East and Africa Impregnating Resins Market Revenue, By Type, 2021 – 2028 (USD Million)
TABLE NO. 97. :The Middle-East and Africa Impregnating Resins Market Revenue, By Application, 2016 – 2020 (USD Million)
TABLE NO. 98. :The Middle-East and Africa Impregnating Resins Market Revenue, By Application, 2021 – 2028 (USD Million)
TABLE NO. 99. :The Middle-East and Africa Impregnating Resins Market Revenue, By Resin Type, 2016 – 2020 (USD Million)
TABLE NO. 100. :The Middle-East and Africa Impregnating Resins Market Revenue, By Resin Type, 2021 – 2028 (USD Million)
TABLE NO. 101. :Drivers for the Impregnating Resins Market: Impact Analysis
TABLE NO. 102. :Restraints for the Impregnating Resins Market: Impact Analysis
TABLE NO. 103. :Distributors/Traders List of Impregnating Resins market
TABLE NO. 104. :Distributors/Traders List of Impregnating Resins market
The global impregnating resins market is projected to grow owing to the increasing demand for protection-providing resins in the growing automotive sector. Impregnating resins provide excellent cover against the changing environmental factors thus improving the overall shelf-life of the product to which they are applied.
According to Zion Market Research, the global impregnating resins market size was worth around USD 1.39 billion in 2021 and is predicted to grow to around USD 1.95 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.51% between 2022 and 2028.
The global impregnating resins market is anticipated to register the highest growth in Asia-Pacific owing to the growing electronics and electrical industries across regions like India, China, Japan, Taiwan, and others. Countries in Asia-Pacific are emerging at the top in terms of growth in the automobile sector which is propelled by the increasing number of players providing a range of automobiles starting from middle-income groups to premium end.
The global impregnating resins market is home to players like BASF SE, Elantas, Kyocera Corporation, Axalta Coating Systems, Hitachi Chemical Co. Ltd.,Huntsman, Henkel, Bodo Moller Chemie Group, Robnor Resinlab, AEV, and 3M
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