report-bg

Electrical Insulating Varnish Market

Segmentation by Product-Type (Wire Enamels, Impregnation Varnish, Silicon Insulating Varnish, Bonding Varnish, Coating Varnish, and Others); by Application (Automobile, Transformers, Electric Tools, Sensors, Home Appliance, Motors, and Others); and by Method of Application {Trickle Impregnation Method, Vacuum Pressure Impregnation (VPI) Method, and Dip & Flood Impregnation Method} – Global Demand Analysis & Opportunity Outlook 2020-2029

Buy Now
Report ID: 3452 | Published On: Feb 08, 2023
Request Free Sample Copy

Global Electrical Insulating Varnish Market TOC

  1. Introduction
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Executive Summary – Global Electrical Insulating Varnish Market
  5. Industry Value Chain Analysis
    1. Raw Material Supplier
    2. Manufacturer
    3. Suppliers/Distributors
    4. End-users
    5. List of Key Players across the value chain
  6. Market Dynamics
    1. Market Drivers
    2. Market Restraint
    3. Market Opportunities
    4. Market Trends
  7. Regulatory and Standards Landscape
  8. Industry Risk Analysis
  9. Pricing Analysis
  10. Market Evaluation of COVID-19 – Impact on Global Electrical Insulating Varnish Market (2020-2029)
    1. Impact on the Manufacturers
    2. Impact on the Supply & Distribution
    3. Impact on the Key Market Players
    4. Quarter Wise Analysis of COVID-19
    5. Pre-Covid & Post-Covid Analysis
  11. Competitive Landscape
    1. Competitive Feature Analysis
    2. Competitive Benchmarking
    3. Market Share Analysis-2020
    4. Company Profiles
      1. Nitto Denko Corporation
      2. DuPont de Nemours, Inc.
      3. KYOCERA Corporation
      4. Axalta Coating Systems, LLC
      5. Von Roll Group
      6. Showa Denko Materials Co., Ltd.
      7. Sichuan Dongfang Insulating Material Co., Ltd.
      8. ELANTAS GmbH
      9. Momentive Performance Materials Inc.
  12. Global Electrical Insulating Varnish Market
    1. Market Overview
    2. Market by Value (USD Million)
  13. Global Electrical Insulating Varnish Market – Segmentation Analysis 2020-2029
    1. Market Overview
    2. Market by Value (USD Million)
    3. Product-Type, 2020-2029 (USD Million)
      1. Wire Enamels, 2020-2029 (USD Million)
      2. Impregnation Varnish, 2020-2029 (USD Million)
      3. Silicon Insulating Varnish, 2020-2029 (USD Million)
      4. Bonding Varnish, 2020-2029 (USD Million)
      5. Coating Varnish, 2020-2029 (USD Million)
      6. Others, 2020-2029 (USD Million)
    4. Application, 2020-2029 (USD Million)
      1. Automobile, 2020-2029 (USD Million)
      2. Transformers, 2020-2029 (USD Million)
      3. Electric Tools, 2020-2029 (USD Million)
      4. Sensors, 2020-2029 (USD Million)
      5. Home Appliance, 2020-2029 (USD Million)
      6. Motor, 2020-2029 (USD Million)
      7. Others, 2020-2029 (USD Million)
    5. Method of Application, 2020-2029 (USD Million)
      1. Trickle Impregnation Method, 2020-2029 (USD Million)
      2. Vacuum Pressure Impregnation (VPI) Method, 2020-2029 (USD Million)
      3. Dip and Flood Impregnation Method, 2020-2029 (USD Million)
  14. Global Electrical Insulating Varnish Market, By Region, 2020-2029
    1. North America, 2020-2029 (USD Million)
    2. Europe, 2020-2029 (USD Million)
    3. Asia Pacific, 2020-2029 (USD Million)
    4. Latin America, 2020-2029 (USD Million)
    5. Middle East & Africa, 2020-2029 (USD Million)
  15. North America Electrical Insulating Varnish Market
    1. Leading players in the region
    2. Pricing Outlook (USD)
    3. Market Segmentation by:
      1. Product-type, 2020-2029 (USD Million)
        1. Wire Enamels, 2020-2029 (USD Million)
        2. Impregnation Varnish, 2020-2029 (USD Million)
        3. Silicon Insulating Varnish, 2020-2029 (USD Million)
        4. Bonding Varnish, 2020-2029 (USD Million)
        5. Coating Varnish, 2020-2029 (USD Million)
        6. Others, 2020-2029 (USD Million)
      2. Application, 2020-2029 (USD Million)
        1. Automobile, 2020-2029 (USD Million)
        2. Transformers, 2020-2029 (USD Million)
        3. Electric Tools, 2020-2029 (USD Million)
        4. Sensors, 2020-2029 (USD Million)
        5. Home Appliance, 2020-2029 (USD Million)
        6. Motor, 2020-2029 (USD Million)
        7. Others, 2020-2029 (USD Million)
      3. Method of Application, 2020-2029 (USD Million)
        1. Trickle impregnation method, 2020-2029 (USD Million)
        2. Vacuum pressure impregnation (VPI) method, 2020-2029 (USD Million)
        3. Dip and flood impregnation method, 2020-2029 (USD Million)
      4. Country, 2020-2029 (USD Million)
        1. United States, 2020-2029 (USD Million)
        2. Canada, 2020-2029 (USD Million)
  16. Europe Electrical Insulating Varnish Market
    1. Leading players in the region
    2. Pricing Outlook (USD)
    3. Market Segmentation by:
      1. Product-type, 2020-2029 (USD Million)
      2. Application, 2020-2029 (USD Million)
      3. Method of Application, 2020-2029 (USD Million)
      4. Country, 2020-2029 (USD Million)
        1. United Kingdom, 2020-2029 (USD Million)
        2. Germany, 2020-2029 (USD Million)
        3. France, 2020-2029 (USD Million)
        4. Italy, 2020-2029 (USD Million)
        5. Spain, 2020-2029 (USD Million)
        6. Russia, 2020-2029 (USD Million)
        7. Netherlands, 2020-2029 (USD Million)
        8. Rest of Europe, 2020-2029 (USD Million)
  17. Asia Pacific Electrical Insulating Varnish Market
    1. Leading players in the region
    2. Pricing Outlook (USD)
    3. Market Segmentation by:
      1. Product-type, 2020-2029 (USD Million)
      2. Application, 2020-2029 (USD Million)
      3. Method of Application, 2020-2029 (USD Million)
      4. Country, 2020-2029 (USD Million)
        1. India, 2020-2029 (USD Million)
        2. China, 2020-2029 (USD Million)
        3. Japan, 2020-2029 (USD Million)
        4. South Korea, 2020-2029 (USD Million)
        5. Singapore, 2020-2029 (USD Million)
        6. Australia, 2020-2029 (USD Million)
        7. Vietnam, 2020-2029 (USD Million)
        8. Rest of Asia Pacific, 2020-2029 (USD Million)
  18. Latin America Electrical Insulating Varnish Market
    1. Leading players in the region
    2. Pricing Outlook (USD)
    3. Market Segmentation by:
      1. Product-type, 2020-2029 (USD Million)
      2. Application, 2020-2029 (USD Million)
      3. Method of Application, 2020-2029 (USD Million)
      4. Country, 2020-2029 (USD Million)
        1. Brazil, 2020-2029 (USD Million)
        2. Mexico, 2020-2029 (USD Million)
        3. Argentina, 2020-2029 (USD Million)
        4. Rest of Latin America, 2020-2029 (USD Million)
  19. Middle East & Africa Electrical Insulating Varnish Market
    1. Leading players in the region
    2. Pricing Outlook (USD)
    3. Market Segmentation by:
      1. Product-type, 2020-2029 (USD Million)
      2. Application, 2020-2029 (USD Million)
      3. Method of Application, 2020-2029 (USD Million)
      4. Country, 2020-2029 (USD Million)
        1. GCC, 2020-2029 (USD Million)
        2. South Africa, 2020-2029 (USD Million)
        3. Israel, 2020-2029 (USD Million)
        4. Rest of Middle East & Africa, 2020-2029 (USD Million)

Global Electrical Insulating Varnish Market Regional Synopsis

Growth Drivers

  • Rapidly Growing Applications of Electrical Insulating Varnish in End-Use Industries
  • Rising Demand for Fuel Efficient and Hybrid Electric Vehicle

Challenges

  • Complexities in the Use of Electrical Insulating Varnish


Electrical Insulating Varnish Market Graph
Get more information on this report: Request Sample PDF

Get more information on this report: Download Sample PDF
cscs

Regionally, the global electrical insulating varnish market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the highest market share during the forecast period and further attain the largest market revenue of USD 1116.1 Million by the end of 2029, up from USD 729.6 Million in 2020. The market in the region is also anticipated to grow with the highest CAGR of 5.0% during the forecast period. The market in the Asia Pacific is further segmented by country into India, China, Japan, South Korea, Singapore, Australia, Vietnam, and the Rest of Asia Pacific. Out of the market in these countries, the market in India is expected to hold the highest market share and further attain the largest revenue of USD 500.2 Million by the end of 2029.  

The market in North America, on the other hand, is expected to hold the second-leading market share throughout the forecast period and further grow with a CAGR of 3.4% during the forecast period. The growth of the market in the region can be attributed to the increasing demand for electric motors from various end-use industries, along with the surge in sales of EVs in countries, such as the United States. According to the statistics by the Edison Electric Institute, as of 31st March 2019, more than 1.18 Million EVs were on the road in the United States.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).


Growth Drivers and Challenges Impacting the Growth of the Global Electrical Insulating Varnish Market

The global electrical insulating varnish market is segmented on the basis of product-type into wire enamels, impregnation varnish, silicon insulating varnish, bonding varnish, coating varnish, and others. Out of these, the wire enamels segment is anticipated to garner the highest market share during the forecast period. The segment attained a market revenue of USD 680.5 Million in the year 2020 and is further projected to touch USD 956.6 Million by the end of 2029. On the basis of application, the market is segmented into automobile, transformers, electric tools, sensors, home appliance, motors, and others. Out of these segments, the automobile segment is projected to garner the largest market revenue of USD 636.7 Million by the end of 2029. Further, on the basis of method of application, the market is segmented into trickle impregnation method, vacuum pressure impregnation (VPI) method, and dip & flood impregnation method. Out of these segments, the vacuum pressure impregnation (VPI) method segment garnered the largest market revenue of USD 980.9 Million in the year 2020 and is further expected to reach USD 1445.4 Million by the end of 2029. The segment is also expected to grow with the highest CAGR of 4.1% during the forecast period.


Global Electrical Insulating Varnish Market Segmentation Synopsis

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global electrical insulating varnish market that are included in our report are Nitto Denko Corporation, DuPont de Nemours, Inc., KYOCERA Corporation, Axalta Coating Systems, LLC, Von Roll Group, Showa Denko Materials Co., Ltd., Sichuan Dongfang Insulating Material Co., Ltd., ELANTAS GmbH, Momentive Performance Materials Inc., and others.


Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global electrical insulating varnish market that are included in our report are Nitto Denko Corporation, DuPont de Nemours, Inc., KYOCERA Corporation, Axalta Coating Systems, LLC, Von Roll Group, Showa Denko Materials Co., Ltd., Sichuan Dongfang Insulating Material Co., Ltd., ELANTAS GmbH, Momentive Performance Materials Inc., and others.

    Key Reasons to Buy Our Report

    • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
    • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
    • The report includes detailed company profiles of the major players dominating the market.
    • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
    • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

In The News

  • January 3, 2020: ELANTAS GmbH, announced that it would be expanding its business in India by the acquisition of the wire enamels activities of Hubergroup India. Moreover, the company also stated that the acquired products would be manufactured at the ELANTAS Beck India Ltd.’s Ankleshwar production site.


Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the electrical insulating varnish market?

Ans: The rapidly growing applications of electrical insulating varnish in end-use industries is one of the major factors anticipated to drive the market growth in the coming years.

2) What would be the CAGR of electrical insulating varnish market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 3.9% over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the electrical insulating varnish market growth?

Ans: The complexities in the use of electrical insulating varnish is one of the major factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of electrical insulating varnish market in future?

Ans: The market in North America is expected to display significant business opportunities in the future.

5) Who are the major players dominating the electrical insulating varnish market?

Ans: The major players in the market are Nitto Denko Corporation, DuPont de Nemours, Inc., KYOCERA Corporation, Axalta Coating Systems, LLC, Von Roll Group, Showa Denko Materials Co., Ltd., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the electrical insulating varnish market?

Ans: The market is segmented by product-type, application, method of application, and by region.

8) Which segment captures the largest market size in method of application segment in the electrical insulating varnish market?

Ans: The vacuum pressure impregnation (VPI) method segment is anticipated to hold largest market size of USD 1445.4 Million by 2029 and display significant growth opportunities.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample