The global impregnating resins market has witnessed expansion in the sales as well as a growth rate of the market over historical period owing to increased demand for impregnating resins for insulation purpose globally. However, with the increasing government investments in the developed as well as emerging economies is expected to create an enormous opportunity in the global impregnating resins market. The global market for impregnating resins is projected to register nearly 6% CAGR, according to a newly published Fact.MR research report. The substantial growth of impregnating resins in the last 3-4 years has provided a possible expansion to the variety of end-uses, thereby driving advancement in the global market. Rising demand in the automotive and electronics industry for impregnating resins for electrical insulation also helps the manufacturers to penetrate a significant market share across the globe.

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“Volatility in Raw Material Prices & Low Efficiency of Solvent-based Impregnating Resins”

Raw material prices can be volatile, and this can have a significant impact on the cost of solvent–based impregnating resins. The volatility of raw material prices is due to a variety of factors, including supply and demand, geopolitical events, and economic conditions. Additionally, the efficiency of solvent–based impregnating resins can be low due to their high viscosity and slow curing times. This can lead to increased costs associated with production and application. To address these issues, manufacturers should consider using alternative materials or technologies that are more efficient and cost–effective. Additionally, they should monitor raw material prices closely to ensure they are able to adjust their pricing accordingly.

Key Companies Profiled

• Momentive
• Von Roll
• ELANTAS GmbH
• Henkel AG & Co. KGaA
• Huntsman International LLC
• KYOCERA CORPORATION
• 3M
• Axalta Coating Systems
• Robnor ResinLab Ltd.

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Automotive and electronic components is expected to witness significant growth trend over the foreseen period across the regions owing to increased consumer demand, change in government regulations in the automotive and electronic sector. The growth of impregnating resins in various applications across the world is anticipated to amplify the demand for impregnating resins during in the near future

Increasing Production Footprint – to Impact the Overall Value Chain across the Regions

Fact.MR’s recently published report foretells the impregnating resins market to register a strong growth rate during the foreseen period. Increasing global sales of impregnating resins are primarily driven by the expansion in the overall production footprint of the key companies in the emerging countries as well as low economies, which is likely to create demand for the impregnating resins market.

Among geographies, APEJ is likely to witness a robust growth rate over the forecast period owing to increasing investment in the infrastructure, government initiatives, increasing presence of production footprint of the key companies among others factors. Among APEJ region, China is expected to dominate the global impregnating resins market by the end of forecast period due to the presence of advanced manufacturing technologies, low laboring cost, high-quality, cost-effective products, the increasing number of local and global players in China.